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Microcap & Penny Stocks : TPII - Year 2000 (Y2K); Groupware; Client Server Migration -- Ignore unavailable to you. Want to Upgrade?

To: BONZ who wrote (9345)	11/17/1998 9:32:00 AM
From: Krio	Read Replies (1) \| Respond to of 10903

Jeff...for us non CPA types could you flesh out your last paragraph? >>From a CPA perspective, the thing I find most interesting from this filing is the share difference at TA, how we get to 18.1 M in shares o/s and the fact that TPI is not registering some of TKs shares. I think they are starting to come around on TK. One more event needed...<< Thanks much. G.K.

To: BONZ who wrote (9345)	11/17/1998 9:34:00 AM
From: DR. MEADE	Read Replies (2) \| Respond to of 10903

Hope it is true, 209.67.31.6

To: BONZ who wrote (9345)	11/17/1998 10:27:00 AM
From: Neil	Respond to of 10903

Bonz, I still feel that these guys would not be taking a salary when they could have superior deductions through consulting fees versus employment income. That being said they control their own survival by having these as payables instead of cash expenses. It further explains why they would cash in shares. They still need income, know that the payable will clear when the business is there. If they are non incorporated consultants they are further able to defer their income until it is received while at they same time carry forward expenses to offset the income when it's received. It would be a lot easier to explain to shareholders that they are paying A/P that has been expensed rather than they are paying years of fees all at once that were never expensed. Jeff, this would also explain why it appears that their consulting fees increased more than revenues. That's not to say that there is not any R&D consulting as was noted by Bonz but the statement they made was that these are put to revenues (matched) "They have no bank loans on Balance Sheet" is probably due to summary format because they do show a draw on the bank in the range of 70,000 on their cash flow statement. There's definitely a bank loan outstanding. One they beleive in because they guarenteed it.