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TTC Technology Corp.(fka TCLIF)

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Last Post: 6/15/2021 11:55:30 AM - Followers: 115 - Board type: Free - Posts Today: 0


1.        Nature of Operations:
Prior to December 11, 2008, the Company and its subsidiaries developed and marketed products incorporating wireless data transmission and processing technologies, primarily for the automotive and transportation industries. The Company's primary product was a wireless tire monitoring system which it marketed for use on trucks, buses, off the road vehicles, recreational vehicles, buses and other pneumatic tire applications.
On December 11, 2008, the Company completed the sale of its tire pressure monitoring system business (the "TPMS Business"), along with substantially all of its assets and certain of its liabilities (the "Asset Sale"), to Bendix Commercial Vehicle Systems LLC (the "Buyer").   The Company retains the right to receive future earn-out payments due pursuant to the Asset Sale, as well as to litigate certain of SmarTire's tire pressure monitoring related patents.  The Company also retains certain operating liabilities and all of the convertible debt and convertible preferred stock that was outstanding prior to the Asset Sale (refer to note 4 for additional details).
2.        Going Concern:
The Company has incurred recurring operating losses, and as of April 30, 2009 has an accumulated deficit of $158,220,409, and a working capital deficiency of $47,181,270, of which $47,887,041 is potentially convertible into shares of common stock of the Company, subject to certain restrictions as described in note 7(l). After the Asset Sale, the Company's business consists solely of attempting to license its patents, and collecting amounts due under the earn-out, and the Company has no full-time employees and three part-time consultants.  The Company retained approximately $1.2 million of operating liabilities that were not transferred in the Asset Sale.  The Company also retained all of its outstanding secured convertible debentures and convertible preferred stock, all of which were in default as of April 30, 2009, and which are more fully described in notes 7 and 8.
The ability of the Company to continue as a going concern is in substantial doubt, and subsequent to the Asset Sale is dependent on several factors, including (i) the amount of future sales achieved by the Buyer in the tire pressure monitoring  business, which directly impacts amounts to be received by the Company pursuant to the terms of the Asset Sale, (ii) the amount of future revenues achieved by the Company from patent litigation, (iii) the ability of the Company to restructure its liabilities and debt obligations, and (iv) the ability of the Company to raise any additional funds required to remain as a going concern. The outcome of these matters cannot be predicted at this time. There can be no assurance that the Company will be successful in achieving any of these objectives. 



The number of shares of our common stock outstanding at June 19, 2009 was 19,342,461,198.


#11873   WWOE88 06/15/21 11:55:30 AM
#11872   Too bad yoyo, sorry for your other loss too. harr449 07/22/19 09:35:33 PM
#11871   Was just told my shares are worthless even Yooo 05/14/19 03:47:41 PM
#11870   strange....today there is some small buying volume again zjakky_lemoen 05/14/19 10:54:10 AM
#11869   Not mine, Just taking up space. norgy 05/14/19 09:04:40 AM
#11868   My account is showing a major gain from Yooo 05/10/19 12:28:57 PM
#11867   TCLIF TTC Technology Corp is dead. Snoopy19 04/29/19 05:01:24 PM
#11866   mailed theraclion - france zjakky_lemoen 04/29/19 09:08:18 AM
#11865   They had an IPO in March, i'm thinking norgy 04/25/19 05:20:46 PM
#11864   Showing up since today - in my belgian zjakky_lemoen 04/25/19 02:59:24 PM
#11863   Broker told me it is deisted and non-tradeable. norgy 04/24/19 02:59:25 PM
#11862   I’m still showing zero value in my account Yooo 04/24/19 07:46:45 AM
#11861   I will call today norgy 04/24/19 07:41:59 AM
#11860   Anyone speak with their broker? Yooo 04/24/19 06:32:17 AM
#11859   Trying to get some info, I don't remember norgy 04/23/19 08:33:51 PM
#11858   What it looks like. Jmho. pennyonfire 04/23/19 07:05:14 PM
#11857   If anyone can get information on TCLIF (shell) Nasdak2012 04/23/19 05:27:03 PM
#11856   Spring under pressure here. When it goe$ it Nasdak2012 04/23/19 05:21:57 PM
#11855   I have, yet nothing is showing up of Yooo 04/23/19 10:10:06 AM
#11854   yes, get a quote on yahoo or wherever norgy 04/23/19 08:21:28 AM
#11853   I don’t see what everyone is taking about? Yooo 04/23/19 01:15:04 AM
#11852   Agree. Looks like shares delisted but looking like pennyonfire 04/22/19 11:12:12 PM
#11851   Could be true. Lots of news coming out. pennyonfire 04/22/19 10:00:25 PM
#11850   Someone on the Yahoo board mentioned there was norgy 04/22/19 07:50:32 PM
#11849   So you're telling me there's a chance, Ha norgy 04/22/19 06:25:06 PM
#11848   Get your popcorn Watch this pos all Nasdak2012 04/22/19 06:19:45 PM
#11847   If They Bought the shell they bought us Nasdak2012 04/22/19 06:16:31 PM
#11846   It shows outstanding shares @ 14.6 million, I norgy 04/22/19 05:55:40 PM
#11845   Yes same # for me 87304R100, don't know norgy 04/22/19 05:49:24 PM
#11844   Yes a Huge investor chopped away on the Nasdak2012 04/22/19 05:19:32 PM
#11843   In my TDAmer account it is under - fil 04/22/19 11:00:40 AM
#11842   Still showing no value in my account Yooo 04/22/19 10:49:09 AM
#11841   Do we have a New symbol? Yooo 04/13/19 05:48:42 PM
#11840   Symbol? Yooo 04/13/19 05:48:20 PM
#11839   New Symbol? Yooo 04/11/19 08:15:57 AM
#11838   Showed in mine yesterday. Just a value bump racerdave42 04/11/19 07:00:14 AM
#11837   Yes it's been 7 years since I've seen movement. norgy 04/10/19 10:08:01 PM
#11836   Nothing showing in my trading account. U? Yooo 04/10/19 09:58:18 PM
#11835   Looks like this stock has new life, I norgy 04/10/19 12:46:13 PM
#11834   lets pump this up I lost tons money irishiam 10/18/18 01:37:05 PM
#11833   I hope this shell goes to a MMJ unklmike 02/08/14 03:21:52 PM
#11832   E-TRADE charged me $5 to have my 5million cable 08/25/12 08:22:36 AM
#11831   I wouldn't hold your breath waiting. valleyview 04/16/12 11:23:22 AM
#11830   i got 15mill shares. Cant be that shares bladetrader 04/16/12 11:05:21 AM
#11829   I lost also. How many shares did you valleyview 03/14/12 09:58:02 AM
#11828   probably because the value is 0. valleyview 03/14/12 09:12:50 AM
#11827   Si this means that the shares i have gsxman 03/13/12 09:15:35 PM
#11826   TCLIF revoked: Renee 03/12/12 09:35:16 AM
#11825   suspension period is over racerdave42 02/15/12 08:16:56 PM
#11824   I'm confused. If all trading under "TCLIF" is cable 02/15/12 06:53:09 PM
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