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

To: BarbaraT who wrote (6113)	5/27/1999 6:03:00 PM
From: jmt	Read Replies (1) \| Respond to of 6931

Barb: The question that is unanswered here is how important is an exchange listing. And the messages are mixed. Everyone is demanding a higher stock price today. The recognition afforded an exchange listed company is much greater, the perceived risks much lower, and the corresponding PE multiple higher. So those in favor of not doing a reverse must accept it may take longer to get a listing on a major exchange. To my recollection, has anyone asked Don directly what his appetite is for a listing. What earnings does he feel will be required to meet the price requirements at some reasonable multiple, and how far off does he project those earnings targets to be met. If the importance placed upon getting a listing exceeds his patience to wait for the earning to support it, the potential exists for a reverse. If he (and the BOD) do not see the added value in the listing, they will more likely have the patience to wait until the stock finds its way up. And what importance does a big listing have on the company's credibility and ability to sell to big name accounts, so could the listing actually enhance earning power? If the shareholders oppose a reverse, then they must also acknowledge the price movement in the short term (1 to 2 years) may not take on the characteristics they so desire. jmt