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When do you think the app will be “complete” for commercial purposes. Because they have been advertising Main St. for 6(?) months now. They also launched the Main St vs Wall St campaign last September and appear to be planning to participate in a number of expos. You don’t advertise unfinished products. Their last PR also described the app as “maturing”.
The truth is that the app will never be “complete” for commercial purposes. As soon as it can be considered “complete”, the clock starts ticking on revenue and profitability. As long as the platform isn’t complete, management has an excuse for their incoherent business strategy and abysmal financial performance.
So what’s the timeline? Because it’s been “soon” for a couple years now and that isn’t a situation shareholders should accept.
Leonard has nothing to do with this company and never has.
How many of Leonard's MANY businesses have actually succeeded? Has Leonard ever founded a company that managed to become consistently profitable? If so, why he still working at 78/79? And why does he still live in a very average suburban house on a small lot?
It's actually sad watching multiple septuagenarians speculate on Telegram about technology that they were unaware even existed two weeks ago. It really highlights who exactly is investing in this company. It's not young people who understand the technology. It's people who unfortunately don't understand the technology, and therefore, don't have the ability to know when they're being taken advantage of.
Nobody has any idea how Tautachrome would even monetize this. The whole point of NFTs is to remove the middleman. So unless you're the one creating the NFTs, you're not making money from them. They also use Ethereum blockchain. Tautachrome doesn't specify the type of blockchain it uses because it isn't actually doing anything with blockchain technology. It's just another buzzword that they're using to sell shares to the public. Notice how all of the NFT discussion on Telegram has involved shareholders. DLM hasn't been engaging in that discussion probably because he knows that he doesn't understand NFTs, how to monetize them, and that Tautachrome isn't actually a "blockchain company" (whatever that even means).
The Swiss Army Knife of Apps = we don't actually have a coherent business model
I get that this is a penny stock, but it does have really weird volume. 1-2 days of elevated volume and then back to 10 million/day.
And now we have DLM on Telegram begging for volunteers for expos. Maybe Tautachrome should consider hiring actual employees. If they're going to be receiving a $50 million investment soon, hiring a couple marketing people shouldn't break the bank. Unless that $50 million isn't actually coming.
They're not businesses. They don't have a product. They are the product. But if you want to look at the whole Bitcoin ecosystem as if it were a payments processing company, you'd see that it has still required a ton of investment. First, you'd have to include all of the investment in computing power. I'm not even going to attempt to estimate this.
Then you have to include the ridiculous amount of electricity used. I believe that in 2020 this electricity usage exceeded that of the entire country of Chile. Currently, it looks like usage will surpass Argentina this year. https://www.bbc.com/news/technology-56012952
But again, comparing an asset to a business doesn't make any sense.
This is a claim:
If a good product can't be developed on "a few million a year," then something is wrong. Big companies produce a lot of needless waste.
Your examples as I just previously stated are very poor ones.
Bitcoin isn't a business. It's an asset.
You made a claim that large capital and operating expenditures are not necessary to build and operate an online platform. I told you that you were wrong and posted a couple examples. So now this is the part of the discussion where you can support your argument with some examples or other information that supports the claim that you made.
I actually have friends at FAANG companies. They hire very talented people and expect them to work serious hours.
Maybe you could support your argument with some examples of other social media, e-commerce or other internet companies that are thriving with much lower capex and opex than the examples I listed.
Big companies produce a lot of needless waste.
This is why Twitter and Facebook spend hundreds of millions a year on their platforms. It's difficult and expensive. If you're only spending a few million a year, your product is going to be garbage.
Ok now what about the people that bought on the BU research agreement PR day that are still down? Just because you made money (and you didn’t yet until you sell and lock in those gains) in the past on a company doesn’t make it a good investment for the future.
Realizes what great potential? The potential to creat more bag holders?
It is, by definition, a shell company. It has no employees or offices. It essentially as a middleman between DLM and Jon and Jordan/Honeycomb. DLM and Jon own the IP. Jordan owns the dev team. DLM and Jon make money from licensing fees and royalties. Jordan makes money from dev costs. Tautachrome bears all the costs. It’s a brilliant structure. The whole thing is structured so that the insiders and related parties get paid regardless of whether Tautachrome ever makes any money.
Talk to me when this company has actual employees. Like the marketing team they said they were hiring like six months ago.
DLM is intentionally vague about what the plan is for Tautachrome to actually make money. He knows that overzealous bulls will fill in the blanks with what they WANT the company to be. Is it an AR company? A blockchain company? An e-commerce company? A social media company? The truth is that it’s none of these things. These are just what people want it to be. Right now, it’s just a shell company with some random ideas that nobody seems to know or care how it will ever monetize. It’s been four years, and this company has yet to execute on a single “vertical”. NexTech is slightly younger and is doing around $5mm a quarter in sales. It has multiple different products. Contrast that with Tautachrome where we have an e-commerce “vertical” that is apparently still under development after an entire year.
I’m old enough to remember when this was an e-commerce company.
I’ve said it before, and I’ll say it again. If you want to own a lot of shares of a company, you don’t simply place a gigantic buy order that causes the price to increase by 50%. You place many smaller orders over a period of days or weeks. Someone or several people wanted to draw attention to their trade. They wanted you to know about their purchases. They wanted you to know so badly that they were willing to accept a worse price just to communicate their purchase. What does that tell you? It tells you that this was likely a short-term trader. Someone trying to draw a lot of attention to $TTCM, sparking a larger rally that they can sell into. Someone who wanted to invest in $TTCM would’ve carefully accumulated shares at the lowest possible price.
I think their strategy will work. I’ll be extremely confused if we see .01 again in the next couple of weeks. This person or people probably knows what they are doing. They’re not going to buy in at .01-.015 just to lose 25% in a few days. Unless we have someone that somehow has a lot of money but has no idea how to trade, which I guess is a real possibility when you have other worthless companies that have seen >$200mm valuations recently (looking at you $MMEX).
You just said that dilution wasn’t happening, and now you’re saying dilution is good?
Understanding accounting = FUD. Got it.
Dilution is coming regardless of what you want to believe. There were convertible securities on the balance sheet as of 9/30 and this company is a cash incinerator.
Because posting on Telegram is futile. I’ve watched DLM dance around questions hard questions while the True Believers attack the person asking them enough times to know that it’s totally pointless to try to engage with anyone there.
Alright we can revisit this once they get around to updating their OS with OTCMarkets, which strangely they had been doing the first week of each month like clockwork until this month.
Maybe you should ask DLM about that dilution that you’re so sure isn’t happening.
So you think this is insider trading?
I would have guessed stimulus checks making their way into the market, but the rest of the OTC doesn’t look too crazy. The volume isn’t consistent with a lot of small buyers either. The volume is actually pretty strange. It doesn’t make sense to buy 15 million shares in 5 minutes unless your goal is to move the price.
I’ve read the patents. They’re not special. It’s just another tactic management has used to LARP as a serious company while using older technology in ways that don’t make sense.
It’s not a belief. Companies have been using this. The words “I believe” were modifying “2008” in that sentence. Google this. There’s even a digital watermarking alliance (of which Tautachrome is not a member) that was founded in 2006. https://digitalwatermarkingalliance.org/about/
Tautachrome using this technology doesn’t make any sense because watermarking is used to protect copyrighted material not cat pictures.
This is something every long investor should have known BEFORE purchasing shares.
Pretty much every large media company that distributes copyrighted material. Companies have been using this tech since at least the late 2000s I believe. It’s not anything special or unique, and it’s certainly not new.
Digital watermarking isn’t new or unique to ARknet. New version releases don’t matter. Users and revenue matter.
OS still not updated on OTCMarkets.
A 700 bps effect on operating margins is unimportant to you?
Forgive me. I’m used to working with accelerated filers.
As far as relevant information is concerned, I think I’m the only one to bring up the licensing agreement. This is the single most important piece of information for investors.
Everything I’ve said is either based on the SEC filings they’ve filed or is a prediction. It should be alarming that they’re calling this “fake news.” I’ve also repeatedly written about the actions they could take to change my mind.
Also interested to know where this conference will be taking place. Maybe I’d like to drop in.
Apple doesn’t have weird related-party transactions with its management team. Apple actually owns the IP it uses. Apple isn’t a shell company. I don’t know why long investors refuse to acknowledge all these red flags.
Nobody accuses Apple of being a fraud, so no, you’re wrong.
Now that’s interesting. I didn’t know this. How are these people able to short shares? Asking for a friend.
If I were short, I wouldn’t post here. I’d want you guys to run the price up as much as possible to give me as high of an average as possible.
Nobody is short this company. It’s an OTC stock. Short sellers are an imaginary enemy that long investors in OTC stocks have created to explain how there could possibly be people that don’t like the company. People are saying bad things about this company because it’s a bad company, not because they’re short.