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

To: Tai Jin who wrote (6127)	5/28/1999 3:14:00 AM
From: on parole	Read Replies (1) \| Respond to of 6931

Theoretically speaking, a reverse split would not be a negative if at that time TSIS had great earnings and demonstrated earnings growth I agree with your comments, although the regulars are tired of the discussion regarding reverse splits. TSIS management has stated over and over a reverse is not in the cards or an option. I had not read all the messages when I responded to Gary, and I now see he clarified his position regarding reduction of the authorized, simply a psychological tool. TEKC which I have mentioned before reverse split their stock, but for the right reasons. They let shareholders vote on the reverse, which was overwhelmingly approved, rather than simply declaring one. Also they reduced the authorized as well as adopted a provision which gave them the ability, if necessary, to buy back shares of stock. These releases were used to let investors know management didn't feel the need for additional dilution and there would be some floor for the stock. In this case it has worked quite well.