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You claim to know a lot about Mark Leonard. Have you actually met him or talked to him? TIA
I'd be interested in knowing who in Camp 2 has actually met Mark Leonard and who is basing their DD on this board and other Internet sources.
My knowledge of Tytan is based on Internet sources so I'd be very interested in who knows the "man."
I hope you're right. Despite my concerns about ML and the stock dilution, this company does seem more real than 99.9% of pink stocks.
What evidence do you have of the web activity picking up?
So is there hope for savw? If they aren't paying for employee services (directly or indirectly), that's a bad thing.
So it looks like they sold at least one ezcurler. I heard about this stock for its e-cig. How is the e-cig program going?
I would not expect much - if sales were brisk there would be money and no need to dilute the sheet out of the stock.
Have to agree with the poster who's putting Mark as a champ - a champ at dilution. Never seen anything so blatant nor so stupid for an "ongoing" enterprise. Oh wait, maybe it's not an ongoing enterprise. imo.
Either way, it's complete stupidity - 170 million shares at .0004 is 68,000. Not going to fund much in the way of growth. An intelligent CEO who really wants to fund growth would not whack the hell out of the pps. Again complete stupidity or complete avarice imo
I would at least get out your shovel.
And then what happens to the stocks you've been privy to following the "loosening" of billions of shares?
Sadly, I expect that he' dumping the remainder of the A/S now and over the next few weeks.
He must have a lot of faith in the future of the company to dump as many shares as quickly as possible. Apparently, NOT.
Really - you doubt that Mark is dumpting the shares - who else is doing it? Whether he handed them out to new "investors" or is raising cash, HE is the one doing it.
It's hard to maintain any faith in a CEO who is so stupid as to triple the O/S when the price is in the toilet.
Just another pink scam - apparently the China trip did not go well.
Oh, of course this is just imo but don't blind yourselves.
Mark - you have a responsiblity to communicate and you're failing miserably.
Yes, if ML is willing to piss away the pps by hitting the bid with 34 million shares then so much for his role as a competent CEO with any integrity.
I would suggest that you NOT invest in TYTN based on your research. You seemed to have convinced yourself that this is a poor choice. That said, others have a different opinion from yours and have decided that the risk/reward ratio here is worth a go.
Nice to have a reality show available 24/7.
Always interesting to see how much energy is put into tearing down Tytan. Why bother if it's a worthless company?
I was being sarcastic - read my post again and look for the (NOT) after the sentence.
If someone is dumping 150+ million shares at this price, they are desperate for cash so while it may not happen tomorrow, I would expect more 100+ million dumps in the near future.
dmlabuda - you've been claiming to place orders at every downturn, why should we expect anything different at this point? You'll get your .0002s, not that I really believe you're buying.
Glad to hear Mark is communicating with his shareholders about the huge drop in the share price (NOT). He may be the "father of the Chinese Tractor" but he's a poor CEO of a public company.
I think there is little doubt now that he is dumping a large number of the A/S onto the market. 150+ million shares in a day have to be coming from somewhere.
This dream is toast - not unexpected for a pinky but a disappointment.
Batski - what makes you so sure. Obviously you've put in a reasonable amount of money into Tytan stock. If you've been around for some time, I'm guessing your average is higher than today's close and you're currently looking at a paper loss of possibly tens of thousands.
I'm long about 1/10th of the shares you claim and continue to be hopeful about the Tytan story but I've seen plenty of these pinkys crash and burn. I still believe this has the potential to be an exception but, in general, the good ones are exceptions.
11 million at .0008 is $8800. It's easy to play with this stock at this price. I'm in until next summer. It's a little better than playing the lottery. Given all that is happening, we'll know a lot more in 9-10 months, one way or the other. Focusing on the day to day will drive you crazy.
I find his post quite humorous. It makes a clear statement about pps predictions.
Thank you for the "A."
Your reference to "The Little Engine that Could" couldn't be more appropriate for Mark Leonard and Tytan.
The Wikepedia reference also notes:
In the 1941 Disney movie "Dumbo" the work train taking the circus animals to their destination pulls its cargo up a hill repeating the well known saying "I-Think-I-Can-I-Think-I-Can" and rolls down the hill saying "I-Thought-I-Could-I-Thought-I-Could"
Mark is saying "I think I can, I think I can (probably more I know I can) and we're looking forward to "I thought I could, I thought I could" and "I did."
The Little Engine that Could is a children's story that appeared in the United States of America. The book is used to teach children the value of optimism and hard work. Some critics would contend that the book is a metaphor for the American dream.
http://en.wikipedia.org/wiki/The_Little_Engine_That_Could
For Tytan, tractor is just as good as an engine - metaphor for the American Dream.
Doubtful they would come for that reason.
Hasn't given out in two years - look at the last quarterly report.
Big secret? There are pinks for which you have no idea of either the market cap or the number of shares authorized or outstanding.
Ok - at best Starr gets all the assets and the common shareholders get to tell a story - that's about it.
Four times a year is for the birds? Few pinks give it out that often, let alone release quarterly reports.
Too long without a word from the company. Something has to be way wrong for there to be absolutely nothing of substance since last February. Hard to believe it could be a complete fraud but it's looking that way.
Gene01 - Would the sell ratio be higher if the company were selling some shares to bring in money to fund the operations. I think it's quite reasonable to expect that the company needs some money right now to develop the business.
I appreciate your thoughts.
Veo - in all likelihood you've posted what your DD consisted of - I believe you may have indicated you've been in touch with the CEO, etc. I'm wondering if you'd be willing to indicate what your DD was. Just curious. I'm long this stock and am not satisfied with "durability" only. I'd like to see this hit .03 or better.
If the story behind this stock is true, that shouldn't be a problem. Again, if you're willing...
dmlabuda puts this at going to somewhere between .01 and.03. He's been right so far.
Why do you think someone might be dumping this relentlessly?
Wasn't the audit supposed to be completed in August 2010?
ok. So no new PR guy yet? Too bad.
Good question. It mentions that Guy Vinci is the new PR guy. Is that new? If so, the article must be from today. Any one know anything about Guy Vinci?
It would seem fairly obvious that he is selling new shares to raise money. The high volumes (10s of millions of shares daily) seem to me to be new to the market.
If he sells 200 million shares at roughly ..20, the CEO will have 400,000 to support the development of the company. Not a lot, but he needs something.
It would help if would just acknowledge that and how much he plans to sell for development.
I assume he's a smart businessman and will only sell what he needs for current development. Perhaps later, at a higher price, he'll sell more.
This is my opinion and not some made up communication with the CEO. I find anyone who claims to have privileged information from the CEO and posts just that (not the information) is worse than a basher but that's my opinion.
Forza - a similar story to your stock was put out by Pure Spectrum LIghting a few years ago - they're virtually bankrupt. LEDs are too expensive for the general population.
TYTN is a much better choice imo
Someone posted that not only was there a meeting this week with port officials but that if you emailed Tytan, you could attend. Is anyone attending?