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Are we going to go a whole year with out a damn app update atleast? JC that app sucks
Still waiting on the 10k to come out
Anyone that does some searching on here can find David LaMountain promoting before disclosing he was the IR contact.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166740193
The same David LaMountain named by the SEC for a possible tie to a pump and dump scheme.
There looks to be some confusion on what “LaMountain v. United States Securities and Exchange Commission” is about.
The only public information currently available is the challenge David LaMountain filed trying to block the SEC from looking as his bank records. The court declined his request February 5, 2019. The “parties” in the below quote is David LaMountain
“After a careful review of the parties' filings, the Court finds there is a demonstrable basis to believe the SEC is pursuing a legitimate investigation. The SEC is charged with investigating possible violations of U.S. securities laws and here has issued a formal order of investigation. Moreover, it is reasonable to conclude that the subpoena seeks bank records that could contain information relevant to the investigation. Petitioner's lack of a position with the company under scrutiny and his current small percentage of ownership of the same are irrelevant. The scope of the subpoena, which seeks records since January 2016, is not overbroad. See Sandsend Financial Consultants, Ltd. v. Federal Home Loan Bank Bd. , 878 F.2d 875, 877 (5th Cir. 1989). Accordingly, Petitioner's Motion for Order Pursuant to Customer Challenge (ECF No.1 ) is DENIED - So Ordered by Chief Judge William E. Smith on 2/5/2019.”
https://www.pacermonitor.com/public/case/26578939/LaMountain_v_United_States_Securities_and_Exchange_Commission
Reminder of information posted by others a few weeks ago.
SEC STAFF LEARNS OF LAMOUNTAIN’S POSSIBLE INVOLVEMENT IN PUMP AND DUMP SCHEME AND ISSUES SUBPOENA FOR LAMOUNTAIN’S BANK RECORDS.
“Through its investigation, Staff has learned that LaMountain was one of the largest traders of stock in WSML from March 2018 until the trading suspension. The volume and nature of his trading raises the possibility that he was assisting the operators of the apparent pump and dump scheme by trading WSML stock in a manner that artificially boosted WSML’s stock price. From March 6, 2018 to June 21, 2018, LaMountain purchased or sold over 1,105,196 shares of WSML stock. On several of these days, LaMountain was the largest trader of WSML stock. On fourteen separate days, LaMountain’s trading volume constituted over 20% of the overall trades in WSML stock.”
https://www.pacermonitor.com/public/case/26578939/LaMountain_v_United_States_Securities_and_Exchange_Commission
Reminder of information posted by others a few weeks ago.
SRAX campaign “focused on the Company’s ARknet Platform and the growth of the Company’s shareholder base” has ended.
Stock Price at start : .0117
Stock Price today: .0009
% change: -92.3%
SRAX has 188,571,429 TTCM shares as of their latest disclosure.
Some quotes from around the announcement of the SRAX deal.
“We are right on the edge of a big marketing push with SRAX and that is HUGE. They will do an amazing job and even more because they have skin in the game- $2 MILLION.”
“I have every confidence that the TEAM is working on every front and it is multi- faceted. SRAX’s plan of attack hasn’t surfaced yet and that will be HUGE!!! Now is not the time to become nervous. We have never been in a better position.??”
“SRAX is gearing and about ready to go. Finalizing of the pitch deck will launch that area. Other vertical promotions will starting as well.”
“SRAX ads is a major weapon we hold.”
Last 10-Q, below, also sign by David LaMountain (the one named in the SEC investigation for a pump and dump scheme) and Holly is not named at all.
https://www.sec.gov/Archives/edgar/data/1389067/000147793222008734/ttcm_10q.htm
Here is a link to the last 8-K signed by CEO David LaMountain (the one named in the SEC investigation for a pump and dump scheme). Where does it say “ Holly is now CFO”
https://www.sec.gov/Archives/edgar/data/1389067/000147793223002583/ttcm_8k.htm
Who is responsible for certifying the 10-K and signs it?
The fact two 8Ks cannot be relied upon is troubling. It's their legal word.
Barchart is useless
May 2019 there was a yield sign
We have the same account. Tweet from Tauatachrome on 11/15/2016 when David was running the twitter account, he named himself a winner of a Klickzie shirt.
Winners: @DrDeets @FinleyCrieghton @67harley @mariaalvino3 @DNLeeming @LamountainDavid @hibarb7 @GregOueilhe @DavidLuczynski1 @funcityjag
— Tautachrome Inc. (@Tautachrome) November 15, 2016
Robbie Alvarez
Tautachrome is pleased to announce Robbie Alvarez as the company's head of investor relations. $TTCM
— Tautachrome Inc. (@Tautachrome) December 21, 2022
Info@Tautachrome.com
Robbie@Tautachrome.com pic.twitter.com/vVDbFRAH7V
We provided your post to David and the IR email and received the response below.
Good afternoon,
I honestly don’t even understand the full nature of that excerpt. Is there a citation link I may refer to for the full document source?
Akyumen devices will be perfect for what is being developed here. A marriage made in Heaven.
Are you expecting a decrease in authorized shares as well when/if a reverse split is done? Or will they leave it at 9.5 billion and dilute into it AGAIN.
“By all means man, go directly to the source!”
“How about this. Why don't you (since you are so concerned about this) contact David LaMountain and ask him those questions and then report back with screenshots of the conversation between you and him?”
“What do you think?”
Using Internet wayback to read old or deleted Twitter accounts, also a way to find things that are off.
Not sure if you have had a chance to get into the now closed/private telegram group, but also interesting information in there.
Also a fun thing to do, call businesses loaded in ARknet. See how many even know what the app/website is/was or why their business is on it.
Gets more interesting when you look into John Rogers (sentenced to 12 years in prison for fraud) and the connection with Red Alert. Some highlights below
-Penelope Dixon & Associates named as the appraiser for both
- Both used the language “ maximum insurable value”
-Red Alert failed three times in trying to purchase the collection
Also look at those photos TTCM posted on Twitter stating they were part of the collection. We got into contact with the copy right owners of the JFK one, Magnum Photos, and received confirmation they share the copy right with International Center of Photography.
So what’s really going on here?
Series F Preferred stock of 290,400 that convert at the rate of 1000 shares of Common Stock for each share should have occurred as well, according to filings.
https://www.sec.gov/Archives/edgar/data/1389067/000147793220005684/ttcm_ex31.htm
"Automatic Conversion.
(a) Conversion Events.Each outstanding share of Series F Preferred Stock shall automatically and immediately convert into 1000 shares of Common Stock upon the earlier of (i) a Change of Control, and (ii) 5:00 p.m. Eastern Time on December 31, 2030 (the “Automatic Conversion”). In this resolution, “Change of Control” means the occurrence of any of the following events:
(i) an acquisition after the date of this resolution by an individual or legal entity or “group” (as described in Rule 13d-5(b)(1) promulgated under the Exchange Act of 1934, as amended) of effective control (whether through legal or beneficial ownership of capital stock of the Corporation, by contract or otherwise) of in excess of 40% of the voting securities of the Corporation (other than by means of conversion of Series F Preferred Stock);"
https://www.sec.gov/Archives/edgar/data/1389067/000147793223001466/ttcm_ex101.htm
"Voting Rights.
The Series H Holder shall be entitled to receive notice of, to attend and to vote at any meeting of the shareholders of the Corporation. In all such voting, all Series H Shares shall be voted as a block (the “Series H Vote”). The Series H Vote shall be as many votes as 123% of the combined votes from all other voting stock, giving thereby the Series H Vote a 55% or better vote in voting matters"
OTC finally has the updated Authorized Share Count. Now the Outstanding Shares is wrong
Authorized Shares
9,500,000,000
Outstanding Shares
6,602,113,619 (still need to add the 2,000,000,000 given to "to advisors and consultants." announced in the 8-K from April 4)
**Outstanding Share including the amount given to "to advisors and consultants"**
8,602,113,619
If you use the information from the April 4th 8-K the count is around
8,857,142,857
We read the 8-K as stating on March 31, 2023 the 2 billion shares of common stock were distributed to advisors and consultants. Not that “Holly” would be getting them all, but we could be wrong.
We don’t know who all the advisors and consultants are, but some have been named in the past.
Using today’s 8-K information, O/S looks to be around 8.8 billion
The meaning of the 63% has been discussed multiple times with various links and quotes provided. Apologies if it was read that the discount was 63%, our fault.
The discount would be 37%
We are aware of this.
pursuant to SEC Form S-8, the Company has determined to issue 2,000,000,000 shares of common stock to advisors and consultants.
provisional patent
They haven’t disclosed what is happening to the authorized shares, at least from what we have read.
If they included the Authorized Shares
New amount would be 190,000,00
Leaving 62,326,260 shares for dilution
Hopefully this helps, as there is some serious misunderstanding of the impact of the reverse split and the of the alleged “media assets” to the reported book value per share in relations to market price.
Using today’s close $.0007
You own 100 shares
Total Market Value of your shares = $.07 (100*.0007)
Outstanding Share according to OTC Website = 6,383,687,017
Company Market Cap = $4,468,580 (.0007*6383687017)
Authorized Shares = 9,500,000,000
Shares Left to Dilute = 3,116,312,983
Book Value approx = $514,441,340
Undiluted Per Share Book Value approx = .08 (514441340÷6383687017)
50:1 Reverse Split Happens,
Price per share is now $.035 (.0007*50)
You own 2 shares (100÷50)
Total Market Value of your shares = $.07 (2*.035)
Outstanding Share = 127,673,740 (6383687017÷50)
Company Market Cap = $4,468,580 (127,673,740*.035)
Authorized Shares = 9,500,000,000
Shares Left to Dilute = 9,372,326,260
Book Value approx = $514,441,340
Undiluted Per Share Book Value approx = $4.00 (514441340÷127673740)
The total value of your shares is the same
TTCM is a public company who seem to have shareholders, so it matters to others.
The 8-K claim is they are recognizing these “Media Assets” on their books to bring “an immediate increase in the Company’s tangible book value from a deficit in the Registrant’s shareholder’s equity, to an undiluted Per Share Book Value of approximately $0.08.”
The value being used is supposedly based on an appraisal that we don’t know the date of and is being stated as “maximum insurable value of the Media Assets to be $514,441,340.66”. If there is no insurance on the items to cover that value, then in reality what is being done here is a “because we said so” for the value. “Licensor considers the fair value of this Grant and the Securities received to be $514,441,340.00.”
Also, it’s news to us that these assets are being stored in Georgia. Curious to know how these “assets” have been stored since (assuming one was done) the appraisal was completed. Lots can happen in such a short period, making that appraisal date even more important.
Insurance on “Media Assets”?
Who’s paying it? Or is it insured?
Insurance on “Media Assets”?
Who’s paying it? Or is it insured?
We thought it was El Dorado Family Group, Ltd., and its subsidiaries, doing business as “Regal Photo Archive” and “Red Alert Media Matrix”.
The 8-K states “maximum insurable value”. If there is no insurance on these “assets” that figure doesn’t really matter much.
Reporting states “There is no known insurance policy protecting assets” in regards to claims made by “Red Alert” and their “assets” in the past. Hopefully they can provide some updates
Cost estimates per year for insurance at 1% and 2%
1%: $5,144,413
2%: $10,288,828
Who’s paying it? Or is it insured?
At an average cost of 1-2% per year to insure, who’s paying the insurance on these “Media Assets”
Or are they insured?
maximum insurable value of the Media Assets to be $514,441,340.66.
How involved is Rogers with the Red Alert proposal?
“He told me that he’s in contact with Mr. Holly quite often and that he was involved in the dealings and had kind of a ground-floor understanding where the negotiations were and were not,” Bauby said in the April 3 deposition. “In other words, he was very well wired into what was happening.”
In a recent telephone interview with Arkansas Business, Bauby said Rogers frequently used the pronoun “we” when talking about Holly and the Red Alert proposal. Rogers even arranged a three-way conference call with Holly to talk about possible future opportunities for Bauby if the sale to Red Alert closes.
Red Alert, a shell company with no assets, places an incredible paper value of $972 million on the stock. The number is tied to the astounding “insurable value” of $1.5 billion for the assets of the insolvent Rogers ventures.
There is no known insurance policy protecting assets of $1.5 billion. What Red Alert calls insurable value is actually tied to appraisals, described by sources familiar with the assets as massively inflated and based on unrealistic assumptions.
The fiercest objection to Red Alert’s proposed asset sale and purchase agreement was filed by George Demos of Kenosha, Wisconsin:
“The cash part of the offer is inadequate to pay the known creditor claims. The $1 billion claimed value of the unregistered stock is illusory at best.
In no way can the langue used in any filing indicated when an appraisal was done. TTCM/El Dorado is able to provide the date that can be confirmed by Penelope A. Dixon and Associates.
“El Dorado Family Group, Ltd., and its subsidiaries, doing business as “Regal Photo Archive” and “Red Alert Media Matrix” (collectively, “Licensor”) has a collection of several million photographic images from newspapers, over 4,100 hours of television programming, and more than 1,000 video clips (the “Media Assets”). The Media Assets are all originals and can never be replaced. Penelope A. Dixon and Associates, inc., a leading appraiser of documentary art determined the maximum insurable valueof the Media Assets to be $514,441,340.66.”
“At all times, the Media Assets shall remain the sole property of the Licensor. However, the Licensee may at any time purchase the Media Assets by satisfying any liens and or liabilities secured by, and or associated with, the Media Assets. Such liens and or liabilities are estimated to be less than $100,000,000, thereby constituting a bargain price purchase option.”
“Licensor considers the fair value of this Grant and the Securities received to be $514,441,340.00.”
•No date provided in any filing for the appraisal
• Maximum insurable value is what is stated for the appraisal (not the same as fair value)
•There are liens and or liabilities on the assets already
However, they are claiming the “fair value” is the same as the stated “maximum insurance value” even with the liens on them and without providing a date of the appraisal.