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: R. Dolan who wrote (4633)	11/29/1998 12:12:00 PM
From: BarbaraT	Read Replies (2) \| Respond to of 6931

Don has given his word repeatedly that they will not do any more reverse splits. If he should break that promise, I am sure that there would be an investor uprising along with a class action suit demanding an accounting of the shares currently owned by management, when and how acquired, issues regarding trading, etc. I believe that he will keep his word and go about getting this company on the road to become fully reporting after the beginning of the new year. Insofar as the timing of the meeting, it stinks - I believe this company is going places. It has a great product and it seems that they are well received by large companies which is evidenced not only by the list of new clients, but by the fact that we haven't lost any business. Expenditures have to start coming down and revenues should begin to increase. As I have said before, I expect to see significant improvement in the bottom line after the April 30 reporting date. Our only obstacle would be if management renegs on any of its promises to the investors; this would be a major negative. So if no reverse split, we become fully reporting and expenses start to come down - I believe we cannot help but succeed. It is a shame that management wants to have the annual meeting when no one can come. It would seem that with all the irons they have in the fire, they should want a big turnout and take pride in what has been accomplished and where we are going. The timing does seem suspicious to say the least, but so far - that is the only fly in the ointment that I see. We need to give it a few more months before we get out the tar and feathers. By the way - I, too, have been with it since before the last split and my patience is running thin. But I say, what's another few months. Either Don can be taken at his word or not - it will be proven out soon enough. I suggest that anyone who cannot get to the meeting should get on the phone and have a proxy sent to you immediately. Give your vote to John Baker who lives in the area and he can vote your shares. Last year the management outvoted shareholders on issues such as directors because they claimed to have app. 13 million shares. Now we need to have some voting power. If I cannot be there, John will have my proxy. I suggest everyone do the same.

To: R. Dolan who wrote (4633)	11/29/1998 1:07:00 PM
From: jmt	Respond to of 6931

R. Dolan: You project a dim but possible view of how events may unfold. Some questions however concerning your conclusions. Doesn't hurt insiders, they just give themselves more stock or some other compensation. Doesn't help them either. And directors issue shares and/or options for compensation, not insiders. And they have a fiduciary responsibility to current shareholders. 6-7 mil outstanding looks much better than 30 mill to potential new investors/partners/mergers This is not necessarily true. Liquidity is important to any serious large investors, and that is defined as float. A reverse would shrink that float. They won't care until they are reporting and listed and visible on a real exchange This is where there may be a crack in your theory. You are correct that earnings per share will be higher, but relative P/E will be unchanged. But to get a listing on a major exchange, not only are their price requirements but also tangable net asset requirements. Qualified by not yet seeing a current balance sheet, I do not believe the company is close to the net asset requirements. What then would a reverse really accomplish? Good luck. T-minus 24 and counting. jmt