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

To: kiwi who wrote (3545)	8/25/1998 5:36:00 PM
From: Loren S.	Read Replies (2) \| Respond to of 6931

Kiwi, can you explain to us what the negatives are. We all know first hand that penny stocks are risky. Right now I'm getting my butt kicked all over the place. TSIS remains my biggest holding. While I'm down badly here right now, I'm not panicking like I have on many pennies I've owned over the years. TSIS is a growing company with growing revenues and huge potential. Again, what are the negatives? << TSIS is a risk, but we can't keep on ignoring the negatives.>>

To: kiwi who wrote (3545)	8/25/1998 9:02:00 PM
From: jmt	Read Replies (1) \| Respond to of 6931

Kiwi: I was just trying to bait ozzi as he has done to others. Actually he as well as you make good points. As to the negatives in this stock, remember penny stocks are highly illiquid, and if the money dries up the price will go south fast. Also we are trading at a significant premium to the market, 25x my estimate fo forward earnings. Generally illiquid stocks in competitive markets (no entry barriers) trade at a discount to market, about 10x. We are all betting on growth, and this is the risk. jmt