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TURBINE TRUCK ENGINE (TTEG) is an Over-the-Counter (OTC) stock traded on a private exchange that does not have any 10-K annual or 10-Q quarterly reports. Many of these companies do not file periodic reports or audited financial statements with the SEC, making it very difficult for investors to find reliable, unbiased information about those companies. For all of these reasons, companies quoted in OTC Link can be among the most risky investments. That's why you should take extra care to thoroughly research any company quoted exclusively in the OTC Link. - http://www.sec.gov/answers/pink.htm
No 10q or k's will be reported anymore. As a pink the company isn't required to report basically anything about their finances. With volume a zero I guess remaining shareholder(if there are any left) can take some comfort in that the company (236) isn't diluting you at the moment.
Fujian XinChang Leather, Co's, energy costs have been halved with introduction of the long awaited HPBS unit! And in a totally unexpected turn of events, the HPBS also produces a valuable by-product. Engineers at TTEG with over site from 236 have deduced the compound to be snake oil. This by-product has been determined to hold untold value. Shareholders should start to see huge returns shortly as the bottling process was undertaken a few months ago. Shipments are being loaded on to trailers that are being pulled by the first DCGT tractors! Again unbeknownst to the investing public TTEG has built and is operating a fleet of DCTG tractors that were constructed at TTEG's secret factory code named 'UNICORN'. There are reports that TTEG is in talks with an 'unnamed' trucking company for 1 million units. In fact shareholders are urged to start buying more shares now before the news hits the financial markets in Belize!
Shareholders are also asked to take a moment of silence for the founders of these amazing break throughs....Mike and Phyllis Rouse, The Scraggs, Dr. Chang, ETS, and last but not least 236. For with out there clear vision none of these break throughs would have been possible.
Ecomike are you still moderating this board? Why hasn't there been any news or shares traded? I thought they were adding tteg to an index? Guess not. 10q should be out soon, I wonder how they have been funding operations? oh wait they aren't working on anything....but what about the interest payment for 236, how are they getting their money out?
Not much there, more accounting gimmicks and smoke
When will there be some news Ecomike? So strange I have followed this story for years and nothing ever seems to be what people say. Are they working on the engine any more? What happened to Scragg's and his trade secrets? What about the lawsuit against EMC? The only thing I have seen is that they are adding TTEG to an index fund.
Can you imagine? a company that has no value or any prospects being added to an index with other stocks!?! Why would they do that? Is 236 going to sell more shares into that to try and get their money back?
Scraggs got shares do you think he's a net seller? not much volume tho. hmmmmm
What happen to Mike Rouse?
Does anyone have any news on TTEG?
Eeek look like only 900 million this year. Dead money four another year, and if sales don't reverse in the US lights out. sucks
Anyone still following this? Shouldn't Abraxane surpass 1 billion in sales this year? Or does it need like 1.25 billion to get a pay out? 1.60 ish a share or lower seems like a no brainer if they hit numbers.
370 dollars of volume increased TTEG's market cap by 3 million dollars which now stand north of 4.3 million dollars
Funny as this is a company with no cash, no products, and no sales
Posts about percentage moves in TTEG are worthless as there is no volume behind the move, but when there is you can be certain that the current officers will be selling like mad as they all received shares.
Why on earth would 236 put money into TTEG? Did they get duped and are now holding an absolutely worthless company?
Wheres the famous HPBS? Dr Chang.......crickets
"MMs by passed my bids the last 3 months on several occasions to take shares for themselves or to do illegal matched trades under the bid for paint jobs, that failed to trigger any real selling."
You're kidding right? a whole 24 dollars of volume yesterday passed your bid? Daily volume is only a bit more than 3200 shares a day or about 390 dollars a DAY!
Relentless zero volume days tend to destroy liquidity in a stock.
Outside of this stock being .12cents what do you like?
Market cap north of 3 million on a company that has about 20k in total assets, no products and just gave all the new management shares
I guess you are waiting like them for the next ramp job so everyone can unload.
How does a company with no earnings, no products or sales and 8200.00 in cash have a market cap north of 2.16 million dollars? They lost 362k last quarter, have increased outstanding shares by 6 million form a year earlier and yet the stock continues to creep higher on no volume.
Of the 362,000 dollar loss all attributed to operations what did they spend the money on?
They are not physically working on anything. They have been looking at the HPBS for the last 1.5 years trying to figure out who owns the technology, there has been no progress on getting shareholders money back from ETS, and the DCGT is dead in the water with a complete rebuild needed..even with the Scragg's trade secrets. This is one giant accounting scam. All moneys raised/spent from stock sales go right to 236.
From the 10-q
the old scam:
"The Hydrogen Production Burner System is an efficient methanol-to-hydrogen production and burner integrated technology which utilizes a steam reformation process, employs a proprietary chemical catalyst and a unique low temperature pyrolytic reaction to convert common methanol into clean-burning hydrogen gas, on-demand, for use as a fuel source to a proprietary burner assembly. The inventor of the HPBS is located in Taiwan and has been developing the technology for over 9 years."
"Since April 2014, the Company has been in ongoing negotiations directly with Dr. Ching-Chang Chang, the inventor of the HPBS technology, who claims to have title ownership of the HPBS technology. In October 2014, Dr. Chang presented TTE with both pictures and video of a new 60m3 HPBS unit he completed building, at his own expense. While TTE and Dr. Chang have negotiated proposed terms and conditions for TTE to acquire the HPBS technology, TTE is continuing to undergo extensive due diligence to validate and verify title ownership of the HPBS technology. Until TTE is satisfied with title ownership of the HPBS technology, any final agreement to purchase the HPBS technology is pending."
It takes 1.5 years to figure out ownership of this? please
The new coming scam:
"In addition to the DCGT engine technology, Robert Scragg is also the inventor of an expired patent for a process in which methane gas, the primary component of natural gas, is converted into liquid methanol. This process is referred to as the Gas-to-Liquid process technology ("GTL" or "the Scragg Process").
In 1983, Robert Scragg received patent protection for his "Electromagnetic Process and Apparatus for Making Methanol". Mr. Scragg's 1983 patent proved that gentle oxidation of methane gas, a hydrocarbon, using precise electromagnetic activation produces methanol gas which is then condensed in the reactor chamber to form liquid methanol. The Scragg process for gas to liquid conversion provides for production of methanol, on a low-volume scale, using an easily transportable apparatus and system.
Throughout the United States and the world, at sites where oil-drilling operations are producing natural gas as a by-product, a large portion of the natural gas is being flare burned, instead of being sold, as the site is either too far from a pipeline or the accessible pipeline has no additional capacity.
With the recent increase of drilling in the United States, including fracking, the production of natural gas as a by-product of drilling has increased. When taking into account cost analysis, environmental considerations and commodity pricing in today's marketplace, TTE believes the demand for an easily transportable, self-sustaining apparatus capable of converting gas to liquid, even on a low-volume scale, has elevated. As a result of the market's willingness to consider other options, besides flare burning the on-site natural gas, several companies are working to develop a low-volume, easily transportable GTL apparatus for commercialization. To date, TTE is not aware of any company that has commercialized a low-volume, unmanned remote GTL system which has proved viable as a self-supporting, profitable business.
As noted above in the section on the Detonation Cycle Gas Turbine Engine, on November 14, 2014, the Company closed an Asset Purchase Agreement, with Robert and Barbara Scragg and Alpha Engines Corporation, completing the purchase, by Turbine Truck Engines, Inc. of all patents, intellectual property, trademarks, copyrights, trade secrets, rights, title, and interest for an electromagnetic process and apparatus for converting methane gas to methanol, the Scragg Process. While the Scragg Process patent has expired, certain intellectual property and trade secrets remain intact and protected and are now owned by TTE.
When the inventor received his patent for the GTL process technology, he created a working GTL prototype for presentation to the U.S. Patent office. Today, that prototype no longer exists and a new prototype has to be built using the inventor's notes, drawings and data collection to prove the viability of the GTL technology."
"On June 3, 2015, Turbine Truck Engines signed and executed a Services Agreement with Sahoma Controlware, LLC to provide the Company with engineering services for the design, modeling and simulation of TTE's Gas-to-Liquid Process technology, to include the Electromagnetic Generator, Chemical Reactor and Process Gas Feed Systems products. Sahoma will develop individual product simulation models & analysis for flow, thermal, vibration, structural/stress and electrical while also developing simulation models for the entire GTL Process to determine maximum operational effectiveness and efficiency. Based on the final analysis of all data and drawings produced from the work performed under the Phase 1 agreement, the Company intends to validate and confirm the viability of expending additional Company resources to move the product development of its GTL process technology into Phase 2 which is defined by the Company as building a physical bench prototype based on the design, data and blueprints generated by Sahoma Controlware from the June 3, 2015 Phase 1 agreement.
On June 3, 2015, Turbine Truck Engines signed and executed a Consulting Services Agreement with Justin Dean, an individual, to retain Mr. Dean as the Project and Program Manager for Phase 1 of TTE's product development of its GTL process technology. This agreement further defines Mr. Dean's responsibilities to include conceptual design analysis, product development analysis, product commercialization analysis, business plan analysis, product application analysis, and industry use & application analysis.
Upon successful completion of both Phase 1 and Phase 2 for the development of the GTL Process technology, TTE plans to pursue either a joint venture or a licensing agreement to continue the development of the technology for commercialization."
Stock holder are being diluted on an ongoing basis since 236 has taken over, currently to the tun of 2 million bucks.
22 million to date and nothing to show but more stock.
There is nothing good in this report
Really? How is it a strong buy?
Its sitting a life time lows and goes days with out trading a single share
zero cash on the balance sheet (mind you they burned through more than 20 million)
officers just awarded themselves more shares (old officers should be in jail for outright fraud)
no signed contracts
absolutely no working technology (after 20 years of development)
want to bet there will be a ramp on hollow news, were 236's officers off load the shares that the just gave themselves which have no restrictions?
How come Scragg's has never been able to make his DCTG work?
Where is the HPBS actually running? (Its not)
Where is Dr. Chang? Why is it taking so long to negotiate? Could it be because it doesn't work?
What happened to the 300k that ETS took from TTEG to build the 2nd HPBS?
Not much news on the legal front
I have been following this story a very very long time......longer than most
And if you notice the new story(scam) is called Gas to Liquid technology
first it was the DCTG (doesn't work)
second came the HPBS (doesn't work)
and now the new story is Gas to Liquid(?)
people should do some DD on TTEG
"are fully vested and exercisable immediately upon award" nothing like a little more overhead pressure.
So where are they going to get the money to fund their unicorn projects????
3 month average daily volume is down to 64,963 shares, not including June which is currently running at 3,672 share for the entire month thus far.
sitting at a split adjusted .0035 cents
Epic Tweets about TTEG must have gone unread!!
not a share traded in more than 2 weeks
don't worry longs your faithful leader has been tweeting
Interesting how no one is buying???
Latest news indicates that the new agreement for the development of tteg's unicorn gas to liquid technology will be paid in................wait for it....................... shares!
The news from May 18th?
That they are in super secret negotiations with another shell company on bringing forth untold synergies in the gas to unicorn technology arena?
vol is absolutely awful and the stock sits a lifetime lows
My question is when will the cash raise start? They have none, and 236 need to get its money out of this. So will this negotiation lead to more unreal news followed on by a penny letter or two, and then an unbelievable upgrade by a media company out of Belize or maybe eastern Europe?
Trading at an all time split adjusted low .003 cents.
Why is that?
Almost no volume. Has to make one wonder how they are going to raise cash through stock sales
you know tit coming..........
Rouse failed, shocker. But shed no tears as he made out quite well chasing unicorns.
Chris has demonstrated a powerful ability over the last 9 months to drive TTE forward through his leadership on all aspects of the Company’s operations, strategic planning, capital restructure and audit reporting regulatory requirements
Truly powerful ability.....and the stock has gone no where over the last 9 months
There are no product, with the need for capital on the horizon.
Only major news will come on the next 10q when they report how many shares have sold.
LOL sure they are because after a 1 for 20 reverse split the world is breaking down the door to invest in this POS.
236 is merely positioning to sell at higher prices, nothing more
Did you filled? or are the MM's still playing games doing 100 share paint jobs at these crazy low prices?
loving these cheapies on the OTC utterly MONSTA!
You make it sound like value is being created here. This is a move to allow 236 the ability to sell shares at a higher price.
Enzo Cirillo, TTE’s Interim CEO, Board Chairman & majority stake shareholder stated, "Since TTE’s Board of Directors and management transition in August 2014, the Company has been primarily focused on (1) improving TTE’s capital structure including the over 80% reduction of the Companies’ Balance Sheet debt and liabilities from the August 2014 total amount that exceeded $1.3m; (2) identifying and developing a cost-effective path forward for product development of both the DCGT engine technology, to turn a shaft for power generation, and the Gas-to-Liquid technology, both of which TTE purchased, free and clear, in November 2014; (3) continuing extensive due diligence to determine the viability of purchasing the Hydrogen Production Burner System ('HPBS') technology; (4) continuing diligence to identify prospective asset acquisitions candidates; (5) maintaining the Company's SEC audited and reporting status; and (6) completing the verification and approval process for TTE to remain on the OTCQB marketplace
1) breaking unrealistic contracts with the Scraggs, Alpha and the Rouses helped clean up past and future liabilities but certainly does improve much of anything. They had to break those deals as there was no way they could pay on them, but Phyllis Rouse made off with a ton of money before the well ran dry.
2) the DCGT doesn't work. It needs more capital and a complete redesign, go back and reread the 10K's. To turn a shaft for power generation? How about getting it to actually work after 20 years of development? Funny how the deal with Scraggs has yielded absolutely nothing......trades secrets sure
3) any stock holder reading that line should be feeling like a complete sucker. TTEG payed 300k to ETS to replicate the HPBS, which they failed at and lost your money. Then TTEG stated it was going to buy the rights for 1.4 million then it was 1.8 million in the 10k's. So now they are telling everyone they are still doing DD? PLEASE!!! Lets start with baby steps like the actually physical location of the original HPBS?
readers of this should go back a reread prior releases from TTEG as well as reread what others on this board have said. Comments about this company go back years, where many have told you to blindly buy, that everything is huge news and the right direction. Never once have I told anyone to buy or sell, but have I warned repeatedly that this is nothing more than a accounting scam, a claim I still stand by. 20 plus years, 21 plus million dollars and there's nothing to show accept the latest press release listed above. Think about that for a second.
Wash, Rinse, Repeat......
As shown in the accompanying financial statements, for the three months ended March 31, 2015 and 2014, the Company has had net losses of $2,359,778 and $145,892, respectively. As of March 31, 2015, the Company has not generated any revenues. In view of these matters, the Company’s ability to continue as a going concern is dependent upon the Company’s ability to begin operations and to achieve a level of profitability. However, there can be no assurance that the Company will be able to raise capital or begin operations to achieve a level of profitability to continue as a going concern.
As previously mentioned, since inception, we have financed our operations largely from the sale of common stock and the issuance of notes payable. During the three months ended March 31, 2015 we raised cash of $15,000 through a common stock subscription agreement and $17,924 through the issuance of notes payable. During the three months ended March 31, 2015, the Company converted all outstanding debt and related accrued interest into common stock, therefore, the Company fully amortized the balance of the deferred non-cash offering costs of $2,379,075 to interest expense.
We have incurred significant net losses and negative cash flows from operations since our inception. As of March 31, 2015, we had an accumulated deficit of $21,812,390.
We anticipate that cash used in product development and operations, especially in the marketing, production and sale of our products, may increase significantly in the future.
We will be dependent upon our existing cash, together with anticipated net proceeds from any public offering and future debt issuances and private placements of common stock and potential license fees, to finance our planned operations through the next 12 months.
"The thing is I have been in this stock since 2007 and have heard the same thing for the last 7 years. I think the growth the company has shown is great and the advances they have made in product is a positive but really looking for true results."
What advances? There is really nothing, a none working DCGT and talk of the HPBS has all but vanished.
Would the SEC ever look into a stock like this? I am just wondering why they haven't pumped this on a phony PR in a while.
As the 10q was completely devoid of any forward looking statements. How is Mike Rouse making a living?
1 cent
6.01 million dollar market cap. (down right fraudulent and this biggest flashing red light!!!)
1300 dollars on the balance sheet
20,700 in tools and furniture
no salable products
number of shares out standing 414,660,000
one year performance -71%
number of employees 1
Why is this such a compelling buy again?
"TTEG was a potential 1,000% gainer jumping from our initial alert at $0.0118 hitting a high of $0.088 and with intra day swings that members could have easily booked even more gains"
New pump for xtreme stock picks
"$TTEG (among others) will all be smoking in huge news driven rallies shortly. Already hard to buy under the ask, and ask is rising"
A tweet from a well know tteg bull
But my question is why so bullish?
TTEG has be delisted to the pinks sheets for good
TTEG has converted all their debt to stock (something I said would happen)LARGER FLOAT
TTEG has no salable products
TTEG has no cash
TTEG is controlled by 236 who can do what ever he wants (SELL STOCK)
10 k there is no mention of anything they plan other than the accounting gimmicks
NO talk of the HPBS, the litigation with ETS, nothing about the DCTG, pretty much nothing
So investors(i say that loosely) have to wait 3 more months for ?
close to 20 million spent by tteg and they have 22k in assets (SCAM MUCH?)
Notice the entire balance sheet is a debt payment to who???? 236
WHY ON EARTH WOULD SOMEONE BUY THIS STOCK?
Because its about to be ramped on pure BS to boost the share price to allow Crillio get his money out in one piece. Watch for the penny letter to heat up.
Sell 315k shares then lift the bid with 10k, nice wonder who 236 hired to keep an eye on things
New 8k and more accounting gimmickry. TTEG does what it was created to do and issues 48 million more share to 236. All the while making share holders shares worthless. I know the die hards will say this is super bullish as the company has no more debt. But 236 does, and is now in control of 48 million more share which by all account are not restricted. 236 now has the majority interest. Issued at .012 cent watch watch the volume creep up as 236 unloads into the next bogus ramp.
By doing this 236 no longer has to show interest payment to itself in the 10 k's and q's. They can sell stock when needed to fund operations but it will no longer look quite like the scam it has. It will be interesting to see what new funding project they will embark on. More stories about the HPBS or DCTG? Cirillo wants his 550k back and he will get it with higher stock prices. This is his only option he has as TTEG has nothing. Watch for the ramp job, I wonder if the SEC will be this time.
Where is the original HPBS actually running?
What is the name of the North American entity that has expressed interest in the DCTG
Where is Billy Fields?
Oooooh a whole 150 dollars on the ask with ZERO shares traded. "Interesting, TTEG bid and ask are rising a lot with no volume."
Whats the point?
"The Company’s ability to continue as a going concern is dependent upon the Company’s ability to begin operations and to achieve a level of profitability. "
That line has been in the 10 k's and q's since inception.
As this entire story is nothing more than a scam
So do you actually know whats coming in the 10K? Or are you simply guessing?
$TTEG selling volume today.
Wonder who?
236?
awesome story
The' Team' being the owner of the Fabulous Fitness Racquet Club?
Not sure much will happen.
TTEG aside, if you have the opportunity to raise cash do so.....protect your capital as the bond markets are signaling something is really a miss.
You mean finiteness and transport Enzo? Point to his past successes in this field.....
Here's a great question for the new board and their decision in hiring the Scraggs . How is Robert L Scraggs a payed consultant for something that doesn't work? And better yet why is his wife a payed consultant too? Where did she go to school?
In 2009 penny traders were getting ripped off on this story below, as will penny trader in 2015 if they aren't careful.
gic Alliance Between Turbine Truck Engines and AMEC Gains Momentum
AMEC to Utilize the Resources of Shenyang Aerospace Mitsubishi Motors Engine Manufacturing Co., Ltd. in Strategic Alliance With Turbine Truck Engines, Inc.
DELAND, FL, Aug 24, 2009 (MARKETWIRE via COMTEX) -- Turbine Truck Engines, Inc. ("TTE") (OTCBB: TTEG) -- In January 2009, Turbine Truck Engines, Inc. and China's Aerospace Machinery and Electric Equipment Co. Ltd. (AMEC) entered into a strategic alliance, agreeing to collaborate on the engineering and technical development of the patented Detonation Cycle Gas Turbine Engine (DCGT). TTE also granted AMEC the exclusive license to commercialize the engine in China's automotive and busing markets when the design process is completed. TTE has learned that AMEC will have full access to the resources of Shenyang Aerospace Mitsubishi Motors Engine Manufacturing Co., Ltd. (Aerospace Mitsubishi) in the engineering and development process.
Aerospace Mitsubishi is a joint venture (JV) between five companies from China, Japan, and Malaysia. AMEC's sister corporation, China Aerospace Automotive Industry Group (Aerospace Automotive), has a 30% stake in the JV, and Aerospace Automotive will be the channel through which AMEC will access Aerospace Mitsubishi resources. AMEC intends to develop 150 and 400 horsepower versions of the DCGT. Once developed, the engine will be manufactured in Aerospace Mitsubishi's state-of-the-art engine assembly plant. The plant is already producing 100,000 engines annually, and is expected to reach 15 million units annually when the facility is complete.
AMEC and Aerospace Automotive are wholly owned subsidiaries of China Aerospace Science and Industry Corp (CASIC). CASIC (www.casic.com.cn) is one of the largest state owned enterprises in China and employs more than 100,000 people, over 40% of which are technical and engineering personnel. CASIC is comprised of seven research institutions, two manufacturing bases, and several production enterprises. Of the 150 CASIC subsidiaries, six are publicly traded companies on the Hong Kong and China Exchanges. The corporation is responsible for the development of China's space program and is considered the most technically advanced enterprise in China.
Michael Rouse, President and CEO of TTE, is in China for high-level meetings with AMEC officials, and he observed, "AMEC's access to Aerospace Mitsubishi's resources will speed the process to which we are mutually committed, and I am excited about the implications of this development for all TTE and AMEC stakeholders."
About Turbine Truck Engines, Inc.
"Turbine Truck Engines, Inc. is a technology company focused on the development, manufacture, and testing of its New Energy and Environmental Efficient Truck Engine intended for mass market in the United States and abroad. This new engine design can utilize any known fuel source (gasoline, diesel, propane, natural gas, hydrogen, methanol, ethanol, or LPG) or fuel mixture, yet needs zero coolant, lube, oil, filters, or pumps. The unique, lightweight turbine design has few moving parts, significantly reducing maintenance costs. The innovative cyclical detonation process produces a complete combustion of fuel-oxidation mixtures, resulting in greater fuel economy and fewer harmful exhaust emissions. For more information concerning Turbine Truck Engines, Inc., visit our website at www.ttengines.com.
Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance, development, and results of the company's business include, but are not limited to, fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services, and pricing, general market trends and conditions, and other risks detailed in the company's SEC reports.
Turbine Truck Engines, Inc.
DeLand, Florida
Sandy Gregory
TEL: 386-943-8358
FAX: 386-943-6232
SGregory@ttengines.com"
Please contact Sandy Gregory, or James Teters, or Robert L. Scraggs, or Phyllis Rouse, or Bob Lombard
Stories+penny letters=stock sale & interest payments
Oh you mean the new management that has absolutely zero background in anything that tteg is supposedly working on ?
Not really much of a departure from the old management which had zero background as well. Not a college degree among them.
For the last 7 years it has been, and at the moment its all about interest payments for 236 and just enough of a story so that tteg can sell stock
Where is Bill Fields?
$TTEG "Sorry all false information" REALLY?
Every line is pulled from actual SEC filing for TTEG
You can fact check it for yourself from links directly above the the message board or Edgar
I simply highlighted my conjecture in red
"Mike Rouse is still the President of tteg
Robert and Babs Scraggs are consultants on the worthless DCGT
They are/were payed in TTEG shares, close to a million of them
Cirillo(236) lent TTEG 670k at 20%
TTEG a company 1 million dollars in debt with no products or assets
TTEG payed 404,060k in interest in the last 9 months of 2014 ending September
TTEG funds its operation through the sale of common stock
236(Cirillo) collects 20% interest rain or shine
Everything is tied to the companies stock price as there is nothing else to this story
For the last 7 years and 18 million dollars TTEG has produced nothing accept more stock and big pay checks for people like Mike and Phyllis Rouse, ETS, the Scraggs, and now 236.
236 sees what here? @20%
Watch for the epic ramp job, just like the last one."
Mike Rouse is still the President of tteg
Robert and Babs Scraggs are consultants on the worthless DCGT
They are/were payed in TTEG shares, close to a million of them
Cirillo(236) lent TTEG 670k at 20%
TTEG a company 1 million dollars in debt with no products or assets
TTEG payed 404,060k in interest in the last 9 months of 2014 ending September
TTEG funds its operation through the sale of common stock
236(Cirillo) collects 20% interest rain or shine
Everything is tied to the companies stock price as there is nothing else to this story
For the last 7 years and 18 million dollars TTEG has produced nothing accept more stock and big pay checks for people like Mike and Phyllis Rouse, ETS, the Scraggs, and now 236.
236 see what here? @20%
Watch for the epic ramp job, just like the last one.
$TTEG Really thats what you were waiting for?
"that is what I was waiting for -- i knew you would say it, I just wanted to see how long.
"SCAM"
If it is a scam, go away then. We don't need your insight. We are big kids in the "investing world". "
All you had to do was go back and read, I haven't changed my opinion since my first post.
Here are a few good example of some 'soft' fraud
Turbine Truck Engines, Inc. is a technology company dedicated to the development of its New Environmental Age Truck Engine for mass market in the U.S. and abroad. Our revolutionary new engine design can utilize any fuel (gasoline, diesel, propane, natural gas, hydrogen, methanol, or ethanol) or fuel mixture, yet needs no coolant, lube oil, filters, or pumps. This unique, light weight turbine design has few moving parts, thus requiring less maintenance. Our innovative cyclic detonation process produces complete combustion of fuel-oxidation mixtures, resulting in greater fuel economy and fewer harmful exhaust emmissions than any other practical engine design in the world today. In development since 1984, our technology has been demonstrated in four experimental prototype engines and was recently awarded a United States Engine Patent.
In development for a mere 30 years. 30+15=45 years do you think it would be faster if they had someone with an actual college degree working on it?
This one is funny too
“Our technology offers huge advantages in the areas of fuel consumption and environmental impact. The Chinese immediately grasped the potential opportunities for our flagship product. The executive branch of AMEC wishes to explore these advantages and we are very excited at the prospect of advancing our technology to another level,” commented Mr. Michael Rouse, CEO of Turbine Truck Engines, Inc. “AMEC has the capital resources, experience, and engineering expertise required to rapidly advance our technology to satisfy real-world applications,” he added.
I guess not, as the DCGT is coming back to the US, as multiple North American entities have expressed interest.....sure they have
Well at least there are lots of people posting who absolutely love the cheepies. I sure they are scooping big time as there is some crazy good news on the way. If you are feeling down, just google TTEG tweets to follow all the hope and goodness. There are tweets almost daily about this sleeping monster.
Got to feed the beast 236 needs its 300k or 20%
great reply!
Lots of words and absolutely nothing said
"Good for Mrs. Rouse. Another person taking a handout like the rest of America. "
Thats a really perverted statement in and of itself
Tteg is a public traded company that funds itself through the sale of its own stock.
So do you think that stock holders that got destroyed over the last 7 years think "Good for Mrs. Rouse"?
She was payed north of a million dollars, and there is zero evidence that she actually did anything for it!
So why would talking to Mike Rouse who was in charge clear anything up? He obviously thought his sister in-law was entitled to more than a million dollars of stock holder money. His actions indicate that spending more than a million on her was a better investment than spending it on the DCGT, which to date still doesn't work.
"Takes money to make money", and waisting it is a whole other subject
Trading volumes are down to a mere 40k shares a day about 800 dollars or so.
You give it 15 years, your running out of chart for this scam to continue playing out.
TTEG needs 300k plus in interest payment to pay to Enzo Cirillo (236) who happens to to be the chairman of the board.
So how does it work? Peddle an endless green technology story were the end points are never met, sell company stock along the way and distribute it to family members, business associates, and vendors, collect kickbacks, turn to investors shrug shoulders and say 'we are trying'.
If this were a biotech it would have been finished after phase 1 trials failed to meet basic end points.
I also like how you edited you original post, removing your comment about how you where liking the direction of the company
All laughable and no one wants to reads my posts? sure they don't
You believe in the technology and care nothing about the realities of tteg being a publicly traded company.
7 years and a 80% loss
the HPBS wasn't even in the picture 7 years ago but hey why nit pick
you'll give it 15 years for the HPBS and the 'engine' to be developed
the DCGT has been in 'development' for close to that already as theres history prior to TTEG being a public traded company
the DCGT hasn't been worked on in the last 2-3 years, still needs a rebuild/more money and prior to that R&D was spotty at best.
Funny how you give it 15 years, it took Henry Ford about 7 years to take gasoline engine experiments to the first prototype of the model t.
The HPBS, the mythical beast, where is the physical location of the original burner?
You have no concerns that ETS couldn't replicate it? That TTEG lost 300k on that deal? We were told by some on here it was just a cheap part, I guess not.
Funny how that HPBS is so revolutionary yet in 2 years Dr. Chang hasn't built even one more unit. But TTEG is going to blindly spend 1.8 million on the technology even after ETS couldn't replicate one?
They are just buying the rights, they still have to build it. Its obvious that TTEG can't so who will build it? And where is that money coming from? More debt. I know you care not about any of those details.
as an investor the 80% loss is directly tided to the fact that both of these endevors have failed to date. More troubling should be that TTEG deviated from its original business plan and has ceased development of the DCGT. The new story is all about the HPBS and is now being peddled to bilk investors with. The only problem is that no one is buying the story, fear not as there will be help from the penny letters and scammers.
one last thing
"I don;t care why Mrs. Rouse got paid what she got paid. She considered herself to be involved with the company and the company paid her. If I worked in the same capacity, I probably would have gotten paid as well."
In one year Mrs. Rouse got payed more than 600k dollars. Your stock was diluted to pay her that salary and yet you don't care. She made north of a million dollars from TTEG. The total life time debt of tteg is 18 million. She got 1/18th of all the moneys at TTEG!!! For what!?! All the while she was in Florida working as a school administrator. How about paying an actual engine engineer 1 million to work on the DCGT, no that make to much sense. Where is Bob Lombard, he's been there 7 years and not a peep about his work? He is the head of the DCGT's development wouldn't you want to highlight what he is doing? again crickets.
TTEG needs 300k in interest payment payable to 236, thats 15 million shares. It will be interesting see if they can raise the cash or sell those shares on the open market. But as trading volume has fallen to almost zero, there is going to have to be some kind of sensational story coming. Watch for the penny letters to start heating up in advance of the release.
Also odd is how the chairman of the board '236' is the only one making money
You posted you have been in the name for seven years I just looked at the chart, you are right you could be in lower.
You could have gotten in at 60 cents
but your investment is still almost worthless
"Also, I appreciate individuals like you that come here and try and play the negative card. Your reason, most say they are "trying to protect those uninformed individuals, i have no idea but entertaining none-the-less"
Do you know how many times I have heard that retort?
What more amusing is the complete inability of longs to explain anything that has gone on with this company over the last 7 years
Has anything the company claimed been validated? Why did Phyllis Rouse make so much money?
Where is Bob Lombard? 7 years and not a word about the development of the DCGT. Mike Rouse doesn't even have a college degree nor does Scraggs. Billy Field?
incorrect OS??
As of September 30, 2014, the Company has issued 136,341,598 shares to 236 and recorded $1,855,912 in deferred non-cash debt offering costs which are amortized over five years.
Okay so the muscle heads at fitness world have recorded a non-cash offering valued at 1,855,912 million dollars. How will they convert that into cash?
I ask because it will be at some point.
How did they come up with that round number?
Is there any material value in TTEG?
NO, TTEG actually has a negative asset value of -900k
Does TTEG have any proprietary assets that work?
NO
So please explain what going on here?
You mean to tell me that someone is willing to put up 1.8 million backed by....... nothing??
We are still waiting to see how they will pull this off
Do you think that the penny letters, fake PR's, and pumpers will help inflate the stock price so equity sales can take place? I will bet YES
Whats also laughable is that the company sports a 7.9 million dollar market cap(with no assists in the bank), just getting back to .07 cents would give it a 27.5 million dollar market cap. They have negative equity of almost 1 million dollars! and the garage sale price of all their equipment wouldnt be more than a few 100k. And yet someone is willing to give them 1.8 million more after 7 years and loosing more than 18 million dollars. Sure than make sense.
I know you are a believer in the technology and that the money you invest is funny money that you don't need. But for the rest of the investing world where capital preservation is paramount beware of this accounting gimmick wrapped up as a technology company.
236 gets 20% rain or shine. Just follow the interest payments
No you are right, but the good Dr Chang is going to be payed with what exactly?
"You might want to recheck the OS you posted, it does not match the 10-Q or OTC data.
During the year ended December 31, 2013, the Company, as part of the above agreement, is required to issue 124,000,000 shares of restricted common stock to 236. These shares were valued at $0.008 which was the share price at the commitment date. On March 1, 2014, 236 modified the required number of shares to be issued to include an additional 12,341,598 shares. These shares are valued at $0.07 which was the share price at commitment date on March 1, 2014.
As of September 30, 2014, the Company has issued 136,341,598 shares to 236 and recorded $1,855,912 in deferred non-cash debt offering costs which are amortized over five years."
Awesome value at .07 more awesomer as the stock is sitting at .02 cents
It is and has always been one giant accounting scam.
I will say that they don't have 1.8 million dollars, maybe this is why its taking so long to complete the deal with Dr. Chang.
Maybe they are trying to figure out how to print money out of thin air? oh wait they tried that by having tteg, a worthless shell, issue 136 million worthless shares backed by unproven technology that by all accounts is completely worthless. A technology which was created by folks who have no formal education in anything relating to the construction of power plants.
No its a super organic story
TTEG doesn't have 1.8 million dollars, and if/when they do it will be on the backs of the penny letters, and scam coverages by media companies out of Belize. Phony news and PR's will make trading volumes sky rocket and calls of 20 baggers, ask slapping craziness will ensue on hollow news. They have been doing it since inception. This story will be kept alive and 236 will keep 20% of the action.