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

To: R. Gates who wrote (3767)	9/20/1998 1:58:00 AM
From: Tobasco	Read Replies (1) \| Respond to of 6931

<<If TAVA goes to $1.80 without a reverse split or something crazy like that...>> I trust your reference was to TSIS not TAVA. I don't see a reverse split as that has already happened. Right BarbaraT? At the current price level the market cap is only about 8.4m (30m @ .28) which granted is low but a reverse split is usually done to "jack up" the price of the stock and my feeling is that TSIS business, signed and potential, will increase the stock price without such artifical manipulation. Additionally, 30m shares out is not a lot so a reverse split would be unnecessary to lower the outstanding stock. Remember the float is about 13m so the other 17m is insiders. If you reverse split at say 1:3 your get 10m out and 4.3m in float, much too small for outstanding stock and float if you expect to have any kind of daily trading volume. What would be nice for us holders of the float is to have a stock buy back to increase the current price. At these price levels it is feasible, but the Company has no cash for such a program and no collateral to secure cash borrowings for purchase at these levels. However, would you sell your shares right now? I doubt it. I think management must continue on the course that has been established to secure new clients and gain the revenue stream to enhance shareholder value. I don't know how many shares Don and Scott have, the soon to be released audited financials should say, but my greatest fear is that management will start granting stock options which will be dilutive to us holders of the float. I expect the annual meeting to be in November or December this year and I for one plan to be there and to review this topic with management. Like you, at $1.80 a little retirement money would be available, but I plan to sell somewhere above $2 to recover my investment and then let the retirement ride on the remaining shares. I wouldn't mind work a whole heck of a lot, if I knew I didn't have to work! Sort of like the guy who wins the lottery and says he won't quit his job. The big difference is, our chances with TSIS are a lot better than that guy's odds of winning the lottery. Plus we get capital gains!