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Microcap & Penny Stocks : TSIS: WHAT IS GOING ON? -- Ignore unavailable to you. Want to Upgrade?

To: jmt who wrote (3012)	7/7/1998 1:01:00 PM
From: gary g	Read Replies (4) \| Respond to of 6931

nasaa.org ...............try this you may find it informative....

To: jmt who wrote (3012)	7/7/1998 4:22:00 PM
From: Tobasco	Read Replies (2) \| Respond to of 6931

jmt Yes the 9 MONTH cash flow shows $2m raised from selling stock. But, if you look at the change in capital stock on a quarter by quarter basis you will find: 10/31 was $1m plus, 1/31 $1m minus and 4/30 $60k. This would indicate to me that TSIS has stopped selling in January as they have said in the past. Yes the $2m could be the 4m shares but if you look at post back in April and May that is when the 25m share out and 9m float was being professed by JimB. The latest is 29m out and 14.5 - 15m in float. As I said before, maybe we had bad numbers before. Look at the balance sheet from 7/31/97 and you will see the Stock Subscription Receivable. Therfore it arose in the prior fiscal year, but was received during this 9 months and so shows in the current year. Why worry about interest being deductible when there is a $5m net operating loss carryforward for tax purposes (see retained earnings on the balance sheet at 4/30). Anyway interest is only 35% max tax bracket savings to a corporation, the other 65% is cash out the door. Gross revenues are expected to dramatically increase, expenses are staying about the same or 10-20% higher. Management is not selling stock in the manner and amount as before. Therefore, we ought to be stable at under 30m shares and no dilution to earnings.