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

To: John S. Baker who wrote (3823)	9/23/1998 10:27:00 AM
From: jmt	Read Replies (1) \| Respond to of 6931

You (and he) are correct about the sheer folly of releasing estimated 4Q numbers only to have them followed by audited numbers. I stand corrected. But I do still believe a certain risk exists in releasing #'s early. Not withstanding the next quarter, if the company becomes fully reporting they have a certain amount of time to file quarterly and annual statements. This is either 30 and 45 days or 45 and 90 days, I cannot recall. But even if unaudited, if they release numbers to the public in 5 to 10 days, and the subsequent filing to the SEC is different 20 days later, they have created a problem. Have you ever seen a fully reporting company release their financials before submitting them to the SEC? jmt