Attached files
| file | filename |
|---|---|
| EX-99.1 - PRESS RELEASE RE: MAJOR STOCKHOLDER REQUESTS TSR TO PURSUE SALE OF COMPANY - TSR INC | f8k062518ex99-1_tsrinc.htm |
| 8-K - CURRENT REPORT - TSR INC | f8k062518_tsrinc.htm |
Exhibit 99.2
VIA Fax: 631-435-1428
June 25, 2018
Board of Directors
% Christopher Hughes
Chairman
TSR, Inc.
400 Oser Avenue, Suite 150
Hauppauge, NY 11788
Dear Chris,
Joseph F. Hughes & Winifred M. Hughes (JFH & WMH) have asked me ( James Hughes ) to dispose of their 819,000 shares of TSR, Inc. ("TSRI") common stock which represents approximately 41.8% of the outstanding shares of TSR, Inc.
At Friday's closing price of $4.60 per share, TSRI's stock is trading at a price that does not accurately reflect it's true value. The reported sales and earnings for the first nine months of the fiscal year ending May 31, 2018 are a disappointment.
1 ask that you immediately pursue a sale of TSRI. 1 believe that while the Board needs to conduct an appropriate process in evaluating my request to sell the company, time is of the essence and your prompt consideration of this proposal is requested,
| Godspeed, | |
| /s/ James Hughes | |
| James Hughes | |
| 1278 Ridge Rd | |
| Syosset, NY 11791 |