Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Breeze1 who wrote (4121)	10/9/1998 10:05:00 PM
From: BarbaraT	Read Replies (1) \| Respond to of 6931

I guess you have information that I do not have. As we had discussed, I was informed that the IR department in Vancouver was to be the only IR department. The LA department had been phased out or is in the process of closing down. As for expenses ... all companies need IR and it is thanks to the IR department that the investors have good communication with the company. The new IR department has only been up for the past 2 weeks and we have already had 2 well written press releases out. Breeze .. were you not on the conference call. It has now been explained upteen times that they cannot become fully reporting until they have audited financials. They are now being prepared. You want to put the cart before the horse, and that cannot be done. Don said that they are going to be working toward the goal of becoming fully reporting and that they realize the importance thereof. BUT WE FIRST HAVE TO HAVE THE FINANCIALS COMPLETED. He said they have an auditor and that they were given a completion date of 10/30. He followed that up with statements that they should be out shortly thereafter and he hoped to have the annual meeting the first week of December. I am sorry, but I think you are looking for problem where there are none. I understand that you need to find outlets since you are upset that the price is down. Well, so are we all. But you are looking under rocks and if you look hard enough, there is always some dirt .... or is it soil. It's all in how you perceive it. It seems obvious you are the glass is half empty kind of guy. I sure hope you stick around for when this finally moves up, but I am sorry that all you see is negative. I love to hear contrary views that are supported by evidence, but this seems more like shadow boxing than anything else. The one thing that you have hit on the head is that no one takes them seriously in the securities market. However, I see this as a current problem, not a long term one. Until they have some solid earnings behind them (and the past quarter will be profitable, but not anything earth shattering) which probably will not be until at least another quarter or two, it will be difficult to attract any of the bigger wall street houses. Everything takes time. I, too, wish everything happened yesterday having waited for 3 1/2 years, but I really see things starting to happen within the next few months. Hope I am right.

To: Breeze1 who wrote (4121)	10/10/1998 8:34:00 AM
From: jmt	Read Replies (1) \| Respond to of 6931

Why so much time and money on IR? Better spent on sales people and auditors and fully reporting or are they mis-directed? I do believe your comments on corporate governance and the remarks above are valid observations. I am aware of billion dollar companies with one IR person, and in many $100M companies, the CFO handles the calls. Spending more money on salepeople than IR would likely benefit shareholders in the long run. But I do believe Scott and Don are a team who together have built this company. As long as Scott is in the loop with what is going on I do not believe the IR location is critical. But these are good points which should be directed to the company. I would be interested in the response. jmt

To: Breeze1 who wrote (4121)	10/10/1998 10:18:00 AM
From: John S. Baker	Read Replies (2) \| Respond to of 6931

Your partial snips and snippets of incorrect information are becoming tiresome. Furthermore, they tend to impeach the potential value of everything else you say. We have to wait and wait for a new auditor to be named and audited financials to be published. Fact: The auditor for the Fiscal Year just ended was named at the Annual Meeting in February ... and approved by the shareholders at that time as required. Fact: The end of the Fiscal Year was July 31st. According to Don Cameron, the auditor's "charge" was to produce results by October 31st. It is not unreasonable for the auditors and the company to still be going over the figures prior to their being announced. JSb.