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

To: Tobasco who wrote (3818)	9/23/1998 8:40:00 AM
From: jmt	Read Replies (1) \| Respond to of 6931

I was not pleased however to hear that the "fully reporting" project is not a priority, and with an implemetation time of 3-6 months. Same thought. We need to push back here. The stock will not recieved attention from smart money until this is accomplished. I do believe to much attention is being paid to the current audit. There should not be any surprises, slight growth in revenue over the prior period, flat to slightly up earnings. In regard to the numbers available in 5-10 days, these will not be released to the public. You heard the comment concerning liability if their are subsequent changes to the audit. If company's could release their own finacials, we would't need any CPA'a <g>. jmt

To: Tobasco who wrote (3818)	9/23/1998 9:18:00 AM
From: John S. Baker	Respond to of 6931

Re Don's comments on "fully-reporting" .... My take on this is that he still plans to make the submission to the SEC based upon the FY ended 7/31/98 -- which is consistent with what's been posted here. And that the process is an iterative one -- company submits, SEC asks questions, company submits additional info, SEC asks additional questions, etc. The fact that this is an iterative process has been posted here. The opinion that it might take even six months is new, to my recollection. And my sense of Don's comments is that he has a lot on his plate and enjoyed bringing in the new capabilities (think of this as an entirely new product line developed over the past 3-6 months) and in selling that product ... to the extent that the dull drudgery of a non-trivial paperwork submission has a lower level of excitement in his mind. I did hear words to indicate that he was still planning on a submission based on the FY just ended. JSb.