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

To: MSo who wrote (5582)	3/23/1999 1:21:00 PM
From: jmt	Read Replies (1) \| Respond to of 6931

but that the final disposition would await the July 1999 audited financials. If I recollect correctly Don mentioned in the Dec/Jan timeframe the process would begin soon and take 6 months. If you are correct with your information, then the projections of the process have been misleading. While I can understand why TSIS wants to limit audit fee's, they cannot afford IMO to loose investor confidence, and must communicate the progress. If waiting for July, that means the audit cannot start in earnest until July 31st. Being a small company, TSIS has not in the past had influence in accelerating the audit reports. And we have a new auditor, who must learn the lay of the land. If this process doesn't begin until July 31, we won't see fully reporting status until September. IMO this is not what the shareholders were expecting. jmt (currently a member of the March 1999 club)