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I have no idea what your reply means. What I do know is that Henry has a failing track record, and there’s nothing to indicate that anything is about to change. Your price predictions are ludicrous, and even with a massive buyback, this stock will never see new highs. There needs to be a realistic assessment of this company, something that you fail to provide. The information that you’re supposedly receiving from a source, is beyond ridiculous. If indeed you’re privy to facts that others aren’t; it’s considered insider information, which is illegal. I want this company to succeed just as much as you do, but posting absurd comments such as a $4 price target do no one any good.
I think some common sense is in order here. With the current share structure; it will be highly improbable for this to leave no bid territory. If there’s proof that a buyback of shares has commenced, and that anything of substance has taken place, we should be happy to see a bid of .0002. Henry has a long history of overpromising and underdelivering. Action speaks louder than words. So far we’ve been led down a path of constant promises, but nothing to show for it.
I'm cautiously optimistic; the new CEO seems to be highly qualified. We'll see.
I’m kind of shocked that anyone would be brave enough to take over this company. The new CEO seems to be very qualified, but I hope he knows the mess that he inherited. As for me, I’m fine. I thought my DEWM days were behind me, but as you said, the saga never ends.
I never thought in my right mind that I'd be back in DEWM, but here I am. Hello everyone! Hopefully this new CEO can get things done. Is Marco headed for jail or what? I'd like him to make a nice custom license plate for me.
Does anyone know if this is the same Don Hunter who's the new CEO of Dewmar? Please note that Westrock Advisors is a defunct business. "As the COO and Secretary of Westrock Advisors, Mr. Don Hunter brings to the company a wealth of experience and knowledge in the Financial Services community. After attending Colgate University, Mr. Hunter began his career with Drexel, Burnham, Lambert. He then worked at major investment houses, including Oppenheimer & Co.,and Shearson Lehman. He joined Westrock Advisors in 1996 as a Managing Director, and became a Partner in 1997. Since joining Westrock Advisors, Mr. Hunter has been involved in every area of day-to-day business operations. He continues to dedicate his efforts toward making Westrock Advisors a unique company, providing ‘big firm products and services’ combined with ‘small company agility and personalized client service’. Don resides with his wife Erica in Ridgefield, Connecticut."
Also, according to the official PR, "As a result of the appointment, its long-time Chairman and Chief Executive Marco Moran has resigned both as an Officer and Director of Dewmar to pursue other interests." I thought he was going to jail? As far as pursuing other interests, are they taking about making license plates, or something like that in prison?
Finally, does anyone know how Don Hunter got the position with Dewmar? The company wasn't exactly well known, and with the checkered history of Moran, I'm surprised that anyone would want to take up the task of cleaning up his mess.
No problem. It does sound like he's moving forward, which is obviously a good sign. Time will tell.
I received a rather vague email from Henry last night, but for what it's worth, here it is. He didn't address my questions concerning the dividend or buyback.
"I have been very busy in Asia to finish some critical tasks for the company. There have been some delays by our local partners here but we will finish these requirements soon. We will make announcements to let the public know when they are ready. In the meantime, do not let the fluctuations in our stock price bother you."
At least I know that things are still progressing, and I presume that it's just a matter of time before he provides us with a substantive update.
"Tautachrome is actively seeking & reviewing revenue producing acquisitions. With such acquisitions we are aiming to strengthen our balance sheet, expand our technical team and enhance our ARknet platform." Sounds like they need money to keep things going.
Meanwhile; I'm waiting for the distribution of the tokens that were promised me over a year ago. I'm surprised that all of the investors who got in this stock early on, no longer seem to think that this is an issue. Well; for me it's a big issue, as it's the only reason why I continue to follow this stock. I sold my 5M shares a long time ago, as I got sick & tired of PR's like above, & claims that the major breakthrough was just around the corner.
Everything TTCM does, raises red flags to me. First, it was KlickZie, which was supposed to launch over a year ago. Now; it's ARkNet, which appears to be another attempt to reinvent themselves. If you're new to this stock, all I can say is be careful. The old-timers know that when promises are made, they're never followed through with results. This company has been one disappointment after another.
Keep in mind that long-term is 1 year & 1 day. If you hold for a year, it's taxed as a short-term capital gain. If you wait one more day, it's long-term.
Thanks very much!
It was, but the only direction the rollercoaster went was down.
Thanks!
Yep!
You definitely know what you're doing; I only wish that I did at the time.
I only bought a small amount shortly after the peak; my average is now .0001684. Here's what Henry wrote me a week ago.
On Aug 9, 2019, at 2:17 AM, henry@phiglobal.com wrote:
Hi Andy,
Our plan is to buy back a lot of shares from the market and will not do a RS. I am mainly focused on the bank funds and the diamond exchange at this stage. We will have a full update after the funds are fully activated.
Thanks and best regards,
Henry
Yes, definitely....LOL!. I'm just saying, if someone thinks that selling shares for $1M will yield $1M, they'll be in for a big surprise come tax time. The feds & state will take nearly half of it.
Be careful about buying too many shares. About 3 years ago, I purchased $60K worth of shares in a penny stock(Not a smart move), and soon discovered that I had a controlling interest in the company, since I held more than 5% of the O/S. At the time, I had Scottrade as my brokerage firm. They put a lock on the stock, prohibiting me from selling it for 90 days. I also had to fill out some type of disclosure form. The CEO of the company, which I don't even remember the name of, proceeded to heavily dilute the shares & then did several reverse splits. Despite the dilution & my no longer owning 5%, Scottrade refused to unfreeze my account. The bottom line is that I lost my entire investment in the company, as when the 90 days were up, there had been so much dilution & R/S's that my stock was worthless. I'm not saying that it could be a potential issue here, but with a huge buyback by Henry, it could be. Scottrade is now TD Ameritrade, so perhaps things would have been different had I not been with S.T., but who knows. It was just a very hard lesson to learn.
Thanks!
Does anybody know what the A/S & O/S were when PHIL hit a 52 week high of .0325? Thanks.
Provided that you can buy shares at .0001, there's virtually no downside to going up to your ceiling of 100M shares. You'll also receive more of the dividend. The only issue, as with all stocks, comes when it's time to sell. If you sell prior to a year and one day from purchase, you'll end up paying nearly 50% of your profits in federal & state taxes. The government tries to discourages investors from selling, by imposing a hefty penalty for doing so prior to a stock becoming a long-term hold.
I heard from Henry again today, and he confirmed no R/S & a buy back of shares. Here are his own words. “Our plan is to buy back a lot of shares from the market and will not do a RS. I am mainly focused on the bank funds and the diamond exchange at this stage. We will have a full update after the funds are fully activated.”
You're right; I need a new pair of glasses. Thought it was 500 shares, but it was 500K.
Someone bought .10(Ten Cents) worth to paint the close at .0002.
Exactly, and with the current euphoria taking place here, no one seems to care, or to learn from the past.
Whatever happened to the KLK tokens that we were promised over & over again. Has everyone forgotten about those?
Whatever happened to the KLK tokens that we were promised over & over again. Has everyone forgotten about those?
Thanks!
Just out of curiosity; is Marco going to serve jail time? I no longer own any shares, nor do I follow the stock. I thought he was charged for criminal activity, and was supposed to go to prison. Thanks.
The people over at Telegram must enjoy catching a falling knife. Sadly; while it's within the realm of possibility for TTCM to rebound, in my opinion, it's more likely that it will lose all of its value, as in the case of a bankruptcy.
I guess I should be happy, as I'm down only 96.6% on a very significant investment in TTCM. This is the only stock I've ever owned, where the lower the PPS goes, the happier the believers get. From reading the Telegram posts; one would think that money is falling from the sky.
Thank you!
Can someone please elaborate on the instructions to obtain the tokens. I've already registered, but have no idea what they're talking about for the next steps. Please make it simple. Thanks.
"You just need to register at https://wallet.klickzie.io then find some crypto wallet you intend to use and create Ethereum addresses then put this address on a Profile page at wallet."
Time will tell; I hope that your enthusiasm is warranted.
Down another 16.67% today, yet according to everyone on Telegram it was another great day.
It’s not as simple as that. The fact remains that Tautachrome has failed to deliver on anything that they’ve promised. Why should I be excited about receiving tokens, when they should have been issued well over a year ago. My investment in this company is down over 95%, because they never delivered on their promises.
At its height in January 2018, things were looking great. Then, out of the blue, they make an announcement that things need to be cleared with the SEC prior to the free token distribution. From that point on, the PPS was doomed. They act before they think things through. A good analogy would be for a flight crew to go through a takeoff checklist so fast that they think they’ve done something, but actually have not. If you think you set the flaps for takeoff, but in reality you neglected to do so, the plane is going to crash. TTCM is constantly providing timeline checklists, but never following through on a single thing.
Of course I would want the dividend, however; it’s just another case of Tautachrome acting before they think. The initial instructions indicated that your broker had to physically mail, or use a courier service to provide information on how many shares an investor had on two separate dates. It troubles me that once again they had to issue a correction, and a new set of instructions. If they’re incapable of doing simple tasks, how are they ever going to come out with and manage a successful product.
While I would like to receive the tokens that are owed to me; it’s pretty difficult to retain any sense of positivity going forward. There’s simply no reason to believe that things will be any different in the future than they’ve been in the past. When most companies make mistakes, they use them as a guide going forward. TTCM makes really bad business decisions, decisions that cost investors to lose massive amounts of money. You would think that they would learn from their mistakes, but they don’t. They don’t just over promise and under deliver; they over promise and deliver virtually nothing.
I honestly no longer care about the tokens or the future of the company. I wish you the best.
It didn't go well. I drove 45 minutes roundtrip, only to be told by the manager at TD Ameritrade that they wouldn't do what Tautachrome requested in the instructions. He told me that it was my responsibility to look up the information, and send it to them myself. When I showed him the instructions from Tautachrome that require the brokerage firm to send the information by courier or postal mail, he shook his head in disbelief. So, the bottom line is that I'm through with TTCM. I'm not getting the tokens, nor do I care or expect them to stay in business. Hopefully, they'll declare bankruptcy by the end of the year, so I can take a tax loss of over 95% on my 'investment.'