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We know he’s followed this board for a long time. He has to follow it because he needs to try to get out in front of any criticism of Tautachrome because the only way this company continues to exist is by keeping shareholder morale high enough that they continue to buy shares, allowing Tautachrome to continue issuing convertible debt. It’s sad. I’ve never heard of a company executive frequenting an investor board for their company. Probably because legitimate companies don’t need to constantly fend off criticism. Their operating results do that for them. I think the analogy that small dogs bark the loudest applies here.
Maybe he can comment on increasing the number of authorized shares.
Good. Those convertible debtholders need someone to buy their shares.
So I guess they’re doing an increase in the AS instead.
He’s just going to refer you to that tweet from a year ago where DLM said there **were no plans** for an RS. DLM never said that there would not be an RS. He just said that there were no plans for one at that specific point in time. Are there plans for an RS now? We don’t know because the last statement DLM made was only relevant for that date. Given the amount of convertible debt outstanding, I really doubt DLM would make that statement now. Which is probably the reason he hasn’t.
If the OS did increase in Feb, that’s clear evidence that the $50 investment PR was just an attempt to increase the share price ahead of dilution. That’s a signal of desperation.
Also, does anyone know why OTCMarkets hasn't updated the OS for March yet?
I'm not interested in arguing semantics. We can call it a scheme, plan, strategy, policy or anything else you want. I just want to know if you can find a single example of another company that licenses its IP from its own management?
Do you have an example of another company with a compensation scheme like this? You keep saying that this isn't bad, and I'm trying to understand what information you used to come to that conclusion.
What do you consider "real evidence"? I'd consider the 7.5% royalty to be "real evidence". Executives of companies that actually care about their shareholders are compensated with a combination of cash and shares, not royalty fees. DLM and Jon are double dipping (actually triple dipping if you count their purchases of convertible debt). Again, I've never seen anything like this before and nobody has been able to show me a single example of another company doing this. Maybe you could show me some other companies with similar compensation schemes?
Because when those stimulus checks get sent out there’s going to be another massive flood of money into penny stocks from all the new investors who don’t yet know better. People were frontrunning those inflows yesterday and today. Who knows how long it will take for dilution and insider selling to soak up all this new money.
No actually it seems pretty objective to me.
There’s more than one board. And people have posted positions >$100K when shares were ~.005. There are some people who appear to have bet everything on this. Very sad.
I'm also really not sure why everyone is so excited about Tautachrome paying a company to use its servers. I don't know what people thought they were doing. Tautachrome has no facility to house its own servers, so it has to be paying a third party to use theirs. I don't really understand why anyone would think that is a good thing. It's like getting excited because you found out that a company you own has a copier. Nobody is going to "cancel" Arknet because nobody cares. It probably has a couple hundred users max. And don't forget, it's available only on the Google Play and App stores which are owned by... Google and Apple.
Yeah there are not very many longs. I'd guess <100 people hold >90% of shares. I've seen some of the insane position sizes people have posted on Telegram. DLM just has to keep that small core group happy to prevent a price collapse. Fortunately for him, those people would believe that the moon is made of swiss cheese if DLM told them so.
Yeah the time is coming to actually produce results. Main St has been around for almost a year now and this company 3+ years in its current form. It's time this business starts to deliver revenue and user growth. You can't just keep saying "big things coming" quarter after quarter. Updates aren't progress. Partnerships aren't progress. Revenue and users are progress.
Because they're not actually serious about it. Management was selling Main St Shopping as an alternative channel for stores that were closed due to Covid restrictions. The pandemic is (hopefully) nearly over in the US, and Main St has just a few vendors. It's also just an objectively stupid idea. Running your own website is already very cheap, and there is always eBay, Amazon, Etsy, FB Marketplace, etc. If you use any of those other e-commerce sites, you're listing your products on a site that millions of people visit every day. If you use Arknet, you're listing your products on a site that a few dozen Tautachrome shareholders visit occasionally when they want to buy some beef jerky. I'm just not sure what I have to do at this point to communicate the idea that launching an e-commerce site in a market where there are dozens of highly entrenched e-commerce giants already operating is a bad idea.
You can’t have it all. You can’t be a social media, e-commerce, AR, virtual headstone and cryptocurrency company on a <$1 million opex budget.
They're at the point where they're just recycling old ideas and hoping that nobody notices. Most businesses begin by doing one thing well and then building out their offerings from there. Amazon began by selling one product in one channel. Alphabet began with search. Facebook with one website. But somehow investors are supposed to believe the ridiculous idea that somehow Tautachrome can do all of these things at the same time and it can do them with a tiny little <$1 million budget for opex.
If eternals was a good idea, why didn't they launch it a couple years ago? And why has no similar product emerged? If it's a good idea, another company would have taken notice and launched their own version. It's just another idea being thrown out to attract new shareholders to replace the shareholders that have been around long enough to notice a pattern here.
How do you know that? How many companies have you seen with zero employees, a crushing royalty agreement with their own management team, related-party transactions, no ownership of the IP that is supposedly vital to the success of the business and no good source of financing that went on to move from the OTC to the NYSE or NASDAQ and eventually become a S&P 500 or even Russell 2000 component?
Because I can't identify a SINGLE example of a company with this many red flags that turned out to actually be a good long-term investment. If anyone wants to argue that Tautachrome is the 1 in 1 million company that all the investors think it is, they better have some REALLY good reasons.
Yeah and their names will be Jon, Jordan and David.
Of course they're not facts. They're predictions.
Since we're on the topic of predictions, didn't Aasim say that the Holophone would be available in March?
Well if you want to do that, you'll have to sell before this resumes the slow burn to zero.
10-K should be out today, so here are my predictions.
1) Active users will not be disclosed.
2) No employees.
3) Main St Shopping revenue will be <$2,000. Total revenue will depend on how many branded hats and mugs were sold.
4) Capitalized software costs SHOULD be higher compared to Q3. If they are not, that is suspicious. Remember, the difference between the capitalized software development costs and opex is likely mostly money that DLM is wasting on "consultants" and goofy marketing strategies. Remember, this company has no sales or admin staff, and they have no facilities. Their opex should be low while dev costs should be high.
5) More convertible debt will have been issued in Q4.
No, much of it converts at .0025.
I’m interested to hear your thoughts on some things going forward. How do you think ARknet will structure it’s additional investment in Tautachrome? How much of their $50 million goal do you think they will raise? How many active users do you think ARknet currently has?
Well I happen to enjoy making hot dogs.
I’ve described exactly why $TTCM is garbage and described what it would take for me to change my mind. Everything I proposed would benefit shareholders. It’s very clear from my post history that I’m firmly on the side of $TTCM long investors even though the vast majority of them don’t seem to believe that I am.
Always attacking motives instead of arguments. It's the same strategy you used when replying to that guy on Telegram to distract him and everyone else from the argument that new funding = dilution. I always think it's interesting when people who are smart enough to know better knowingly manipulate people who aren't into buying (or continuing to hold) shares of companies that they know are zeros. I know that you know that $TTCM is a zero.
I gave additional context along with my prediction. I told you why I thought there was a very good chance that shares would trade higher, so that you could check me on that prediction later. If I had said “I think shares will double because the company will disclose 300,000 active users in their 10-K,” I would have been wrong despite the first part of that prediction coming true. That’s how you can tell the difference between people who are right by chance and people who are right because they understand the situation. I have zero idea where the stock will go in the next few months. That’s something that’s essentially unknowable. I can predict that the stock is going to bear zero in the next few years.
There are companies with $0 in TTM revenue, no current filings and no real evidence that they’re actually currently operating that are currently valued at >$100 million. I really don’t know how else to describe this.
Nobody could have predicted the retail investor mania fueling >1000% increases in every other OTC stock that the $GME fiasco kicked off. I did predict DLM would do something incredibly reckless to increase the share price before all that convertible debt began maturing, but even yesterday’s PR surprised me. You can’t take credit for being lucky.
Here are my predictions:
1) Retail investor mania fades.
2) If Tautachrome receives any funding from ARknet, it will be nowhere near $50 million. It will be dilutive.
3) The app will continue to look like a college freshman built it for his dev class.
4) $TTCM won’t uplist for some vague reasons DLM can’t really articulate but shareholders will agree with him anyway.
The interesting thing about this announcement is that it accelerates the timeline for everything. Shareholders will expect something from this. The app was described as maturing. We will be able to see the cash (or lack thereof) on their balance sheet. People now have very high expectations. If this company doesn't begin to deliver soon, DLM is going to have to deal with some harder questions than the ones he dealt with today.
Ok quick course on investing here. Investors don't give their money away. They exchange their money for some kind of ownership interest (equity) or debt. So if ARknet is doing a "fund raise," that means that they are issuing debt or equity in exchange for cash from investors. It's not debt because ARknet is a holding company. It has no collateral, and it has no cash flows with which to make principal and interest payments. It relies on the licensing revenue from Tautachrome. $50 million in debt would require ~$5 million in interest/ year. That's $67 million in sales from Tautachrome just for ARknet to make interest payments alone. That also assumes $0 in taxes on royalties.
So the "fund raise" would involve the issuance of new equity by ARknet, diluting DLM and Jon's interests.
So you think this is a gift? You think that ARknet found investors willing to just give away $50 million for nothing in return? That’s not how investing works.
Someone already asked about this on Telegram and you guys ignored him. Tautachrome and ARknet are different legal entities. How would any money ARknet raised be transferred to Tautachrome? ARknet would receive something in return. That something is likely more shares or debt securities that convert at a substantial discount.
Also, how is ARknet raising those funds? It's a holding company. It has no assets it can pledge as collateral for a bank loan. It's not a public company. So that leaves PE, right? Now why would a PE firm invest in a company that is invested in a company? Why wouldn't the PE firm just negotiate a private placement with Tautachrome itself? If there are parties interested in investing in Tautachrome, why is ARknet being used as a middleman in this deal?
There are just so many important questions here.
This feels like potential lawsuit material here.
Probably someone who is going to make a lot of money selling his shares when his question gets ignored. LOL