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

To: Witold who wrote (6185)	6/2/1999 5:11:00 PM
From: Loren S.	Read Replies (1) \| Respond to of 6931

<<OT>> I haven't been following INNI's story lately. The only reason I brought it up on this thread is because I have always seen a lot of similarities between the two companies. Both have solid contracts with large companies. Both are profitable or near profitable. Both have approximately 30 million shares outstanding and similar float levels. I don't know how you can read the following segment taken from the INNI PR dated 4/22/99 other than to indicate a reverse split is planned: <<As previously announced, one of the primary objectives behind this acquisition is to qualify for listing on the NASDAQ Small Cap Market. One requirement for listing is a market price of at least $4 per share. It now appears that a reverse stock split of 1 for between 4 and 6 shares will be necessary to meet this listing requirement. This would also bring the number of shares outstanding in line to allow additional acquisitions. "It is our intention to obtain shareholder approval for the reverse stock split either through written consent or by general solicitation of our stockholders," stated Markee.>>