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

To: ER Doc who wrote (5077)	1/29/1999 8:10:00 AM
From: John S. Baker	Respond to of 6931

In that Yahoo post, cris sez: "and stock repurchase activities have been halted by virtue of resolution by management, and approved by the shareholders." I don't recall any such resolution and shareholder vote. Instead, there was an approved resolution which prohibited TSIS from selling additional shares for one year. Not sure how that would restrict a buyback. Other recollections? (IMHO, applying excess cash to build the "asset base" will support the ultimate goal of qualifying for listing much more so than would a share buyback.) JSb.