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Re: brunners post# 95921

Wednesday, 07/30/2014 11:57:46 AM

Wednesday, July 30, 2014 11:57:46 AM

Post# of 98488
Brunners, the real fact is, there is no more Tytan Tractors. It was liquidated under Chapter 7. All that is left is TYTN the public shell with no business. I previously explained the ramifications of being a "shell" by SEC definition, and it makes a reverse merger very expensive, as it would need to file an S-1 to be able to issue shares to raise capital. That, in addition to the cost, takes a very long time and requires 2 years of audited financial statements. The audits will take forever given the trash ML put out.

The preferreds that control TYTN remain with ML, and his BK is still ongoing.

But all the inventory, facility etc., are gone for good.