Cannell Capital has been active in Telecommunication Systems ($TSYS) since 3Q2012 and owns 5.6%.
Telecommunication is the $200M market cap network computing servicer, where it provides services for 911 call delivery, location platforms and wireless communications.
The activist Cannell has been releasing a presentation about the company and ways to it has destroyed shareholder value.
Today, we got part III of its 60-page presentation. Here's the full presentation that we have to-date (24 pages).