Tautachrome Inc (TTCM)

[1~Eye~Jack!!]

~ ttcm = UPDATE = Shares DILUTED @.01!!..=..OOOuch!

...and 10k says that $$ was SPENT & GONE ALREADY!! = BROKE!! ..& IN DEBT!
10K
http://ih.advfn.com/p.php?pid=nmona&article=71892844

Net Loss

Net loss for the years ended December 31, 2015 and 2014 was $995,385 and $234,337, respectively with components of those discussed below.

Revenues

There were no revenues earned during the years ended both December 31, 2015 and 2014.

http://ih.advfn.com/p.php?pid=nmona&article=71892844

Liquidity and Capital Resources

Our financial statements have been prepared on a going concern basis that contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business.

At December 31, 2015, we had $15,428 in cash and $740,283 in current liabilities resulting in negative working capital of $724,855. At December 31, 2014, we had $23,705 in cash and $28,516 in current liabilities resulting in negative working capital of $4,811 for an increase in negative working capital of $720,044.

Currently, we are not able to maintain our existing operations through the existing cash balances and internally generated cash flows. Moreover, we have determined that our existing capital structure is not adequate to fund our planned growth. We intend to finance our growth by issuing additional common stock and through loans from our shareholders. There can be no assurance that we will be successful in procuring the financing we are seeking. Future cash flows are subject to a number of variables, including technology development costs, technology product rollout and support expense, the procurement of vessels, and the demand for our services. There can be no assurance that we will obtain the capital we need to achieve our goals.

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YEP,, I AGREE, PatB1,, ttcm Management is PITIFUL!!

PatB1

My weekly assessment of TTCM management. F- I am more and more convinced that absolutely nothing will happen here until fall. This management team is not doing the job. Really disappointing that they can't even do simple things to keep share holders happy and I formed?

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http://www.otcmarkets.com/stock/TTCM/filings

During the six months ended June 30, 2015, we borrowed AU$176,225 (US$123,269) from 28 accredited investors in Australia. These promissory notes can be converted into shares of our common stock at the rate of $0.01 per share (the aggregate of which shares convertible is 17,622,500). These notes are callable by the makers at any time and contain no interest provision. We imputed interest of $148 to the date of the merger (May 21, 2015) and $3,271 from May 22, 2015 to September 30, 2015. We evaluated these instruments for the existence of beneficial conversion features and determine that none existed.

During the three months ended September 30, 2015, we borrowed AU$214,000 (about US$150,027) from 24 accredited investors in Australia. These promissory notes can be converted into shares of our common stock at the rate of AU$0.01 per share (the aggregate of which shares convertible is 21,400,000) . These notes are callable by the maker at any time and bear interest at 5%. As of September 30, 2015, we have accrued $1,651. No cash interest or principal payments have made, nor have any debt balances been converted to equity, through September 30, 2015. We evaluated these notes for beneficial conversion features and calculated a value of $40,792, all of which has been immediately expensed as interest expense as the notes are due on demand.

During the three months ended September 30, 2015, we borrowed $60,000 from seven accredited investors in the United States. These notes bear interest at 5% and are due eighteen months from the date of the note (all of which mature during the first quarter of 2017). Each note is convertible into a sum of shares which varies depending on the note date. The aggregate sum of the shares into which these notes are convertible is 11,403,657. We evaluated these notes for embedded derivates and determined that they contained such derivatives as set forth in the Statement of Financial Accounting Standard ASC 820–10–35–37 Fair Value in Financial Instruments ( herein referenced as "ASC 820"); Statement of Financial Accounting Standard ASC 815 Accounting for Derivative Instruments and Hedging Activities (herein referenced as "ASC 815"); and ASC 815–40 (formerly Emerging Issues Task Force ("EITF") Issue No. 00–19 and EITF 07–05).

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.0030's Coming Again,, soon!! ...UPDATE: ttcm is in da .0030's NOW!! ...Just as I Predicted!!

.000's Coming again now after this Crappy PR!!

...s0...sad...

ALL the Above is "Just My Opinion!!"