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Well if the the company was serious about keeping its stock holders in formed they would tell them what the legal objective is and where it stands, but instead crickets.
Where is the current HPBS current housed? the physical address?
Where is any third party verification that it even exists? not just your word
Reduced share structure? you mean the 499 million shares outstanding? how was reduced?
New management? The fitness center owners?
new money? 1o k and q says no such thing.
Building a new one? with what money? I thought it was a cheap Chinese part(your words) that caused it to break down in the first place and a easy fix. The irony being that the entire thing is built with Chinese parts.
Really they are going back to Embiddle for what? What was it that they discovered the first time they went to Embry-Riddle Aeronautical University. Nothing much
The students own admission was that the DCGT doesn't work, and guess what it still doesn't to this day.
Scraggs the eminent engine creator with a degree in nothing will over see future development with help from his trade secrets.
This story is still as weak as it was on day one. There are no facts to back up any of the claims they have made about anything.
Just like the last year and the year before that. Dreaming isn't an investment strategy. How are they raising the 1.8 million for the rights to the HPBS. And since it was announced over a year ago to do so, how long does it actually take to implement? If the only way they fund their operation is through stock sales, how is buying this a good bet? 7 years and the chart has only gone from upper right to lower left.
Really?
So the stock is down 99% in seven years and you like direction of the company? They haven't produced anything (not one product) in those 7 years with the exception of more shares and have diluted your 2 dollar stock to a .02 cent stock.
ETS
Megrant
Falcon Power
Beijing Aerospace
Aerospace Machinery & Electric
High Point Transport
Conway Trucking
Hydrogin Union Energy
Alpha engine
Blue Gen
Elysian Shores Holding
236
Dutches Private Equities
US Capital Partners
Bill Fields
HUA TEC Enterprises
Emery Riddle University
Outside of 236, no one currently working on the project has a college degree
10 years publicly traded
18 million dollars spent
Mike and Phyllis Rouse made millions
And absolutely nothing has come to fruition.
Keep buying
So the Scraggs gets payed 2 million restricted shares for something that doesn't work. And look Barbara is a consultant too, where did she go to school? 236 puts up no money, creates more restricted stock and the game continues.......3 more months of 20% interest for 236 before anymore news. Where is Billy Fields?????
Another 10q and more delays. The purchase of the boondoggle technology or the HPBS as its better know is pushed off until 2015 as they are still negotiating with Dr. Chang and his newly formed shell company. And no one knows how much dear old Scraggs got as they won't release how much until the deal is final. The DCGT is still in need of more money and rebuilding but hold out longs can take comfort in the fact that the company is talking to North American interests. The deal with BlueGen the one man Nevada company is called off. So what has Mike Rouse actually accomplished over the last 19 years?
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED
348,392,370 (2014)
180,262,796 (2013)
AWESOME :D
The only thing that TTEG makes is more shares
Interest payments for the last 3 months were 142,000 dollars thats works well for 236 but not so much for share holders.
roughly 600,000 a year in interest payments and there is literally nothing going on.
Rouse, Scraggs and 236 are all getting payed
$TTEG has no products until at least 2016, no cash, and at the moment no business plan. No way in hell its a 10 bagger. Please list the positive news as the last 10q has nothing material in it other than you have to wait until 2015 to purchase the right to the HPBS for 1.8 million at 20%. There is nothing really going on at TTEG.
Sure it is, the market is loving it!! Who on earth would be selling with such great news? Could it be TTEG itself? They have been the largest net seller in the past. Im just curious who is steering people into buying the stock?
Sure pal what ever you say...
$TTEG is a zero, as they really have absolutely nothing.
Put up a weekly max chart of TTEG there is no price rally. The latest news is conformation of either 236 putting up more of their own money which I highly doubt or more dilution of TTEG stock holders. And the next 10k should lay out how they are going to raise the funds to buy the good Dr. Changs HPBS technology in addition to learning how much they payed Scraggs. Quite comical that they won't release the info in a PR on that deal, share holders will have to sift through the 10 k just like when the HPBS failed and tteg said nothing. I know it was just a crummy 20 dollar control valve(right) more like a 300k dollar failure. And let see if the announce they deal with the good Dr Chang for 1.8 million last count.. Bring on BLUEGEN
"A lot of massive ask slapping underway on TTEG. Could test .08 today!!"
or not
That would give it a market cap north of 27 million dollars
They have no cash
They have no products
And they have no assets
$TTEG not one person that works at tteg or 236 has a degree related to anything even close to what they are exploring. ...... Engineering? nope, Metallurgy? nope, Physics? nope, Propulsion? nope, not even the eminent engine creator Scragggs or Rouse have a degree in anything.
So 236, who's strength is centered on fitness businesses, understands the technology well enough to continue to make an educated decision to pour more money in to the TTEG and HPBS. Two technologies that have gone unnoticed by the entire world.
The DCGT has been under development for close to 20 years and now that they are going to own the rights that is suddenly going to fix the fact that it doesn't work? We are to believe that its failure to date is the result of Scraggs holding control over the intellectual property? PLEASE!! If that were the case why does it need to be completely redesigned and rebuilt. How many time have investors been feed the story or a major trucking company is going to back this....4,5 times?
Then there is the HPBS they're going to go out and spend 1.8 million payable to DR WHO? No one knows who Dr. Chang is and how the heck can they prove the technology even works? Where is the current HPBS even running?
So Scraggs and Dr. Chang are going to receive a combine total north of 2 million dollars courtesy of stock holders with absolutely no checks in place to safe guard them. (ETS??? investors lost 300k on that deal) Can investors sue Scraggs or the good Dr. Chang if the technology turns out to be a fraud? How do investors know that money is not being kicked back to Rouse and 236 in these deals.
Ah yes and then there are the penny letters, the tweetisphere was on fire yesterday with some pounding the table on this news.
For all you diehards, Why did TTEG pay Phyllis Rouse so much money over the years? What did she actually do for TTEG?
Yawn - another toothless press release with zero details. 236 is either selling shares or using their own money on this buy out, which one do you think think it will be?
$TTEG-So after 20 years of zero results Scraggs, a degree holder in nothing, the eminent engine creator of nothing to date gets payed for his trade secrets.
Go back and research the long history of TTEG. Rouse and Scraggs are it. They are the ones who came up with idea of TTEG. The story has been peddled for years with nothing ever being produced. So now it looks like out fabled story creators are riding into the sunset. Rouse soon to be stripped of his CEO duties and good old Scraggs getting a undisclosed sum for all of his incredible work on the DCGT.
Zero accountably to date for their actions. Over the years the Rouses have made close to 2 million dollars, and we will have to wait until late November to see how Scraggs does.
More penny letter pumps for $TTEG as good to great to huge news, yet the technology still doesn't work and it will be years before anything will be sold. Watch the valuation sore once again to 20 million for a company that has lots of debt, no cash, and no products. I wonder who will be selling into this rip?
"I plan to talk to Mike (TTEG big wigs) and or 236 as soon as I get a break"
Please find out more about that control valve failure, it seems hard to imagine TTEG and its share holders lost 300k dollars over a 100 dollar part. Where was the control valve located on the burner and why couldn't that be over come?
Ask Mike when he expects to get that money back from ETS or is it gone?
Ask Mike why they payed his sister in-law so much money over the years, what did she do exactly?
Ask Mike what is the estimated cost of redesigning and rebuilding the DCGT based on their "Proven Core Technology"?
Ask Mike what is their "Proven Core Technology" and who is it proven by?
Ask Mike to post some information about Dr. Chang. Where did he study? What is he a Dr. of? and where are his past success? What does he currently do to make a living? I would think investors would want to know before investing 1.8 million.
Ask Mike if 236 is going to pay for the HPBS technology out of pocket change, or are they going to demand 20% interest from TTEG and its share holders?
Ask Mike to explain what BluGen brings to the table as far as expertise? It seems that no one actually works at BluGen. Is the name holder an actual scientist? Or is he just a garage hobbyist?
Ask Mike if he has received any inquiry from the SEC about TTEG's practices?
Ask Mike if he is stepping down do to his failures as a CEO or if it has to do with something else?
“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.
Looks like the Chinese are not to interested in grasping their flagship technology. As the story once again returns to the US. How many years did the China story last 3? Every JV has failed.
Par the 10Q "The Company has begun discussions with Alpha Engines, Inc to negotiate both a reduction of the accrued royalty payments and future financial considerations related to the Company's exclusive licensing agreement with Alpha Engines, Inc. for the Detonation Cycle Gas Turbine (DCGT) engine. Additionally, the Company has begun early stage discussions with a North American based entity to re-initiate research and development of the DCGT engine technology.
If the Company can successfully demonstrate a highway truck engine using the technology, the Company intends to form a joint venture with a major heavy duty highway truck manufacturer to manufacture, market, and sell turbine truck engines for use in heavy duty highway trucks throughout the United States."
Alpha engine? They are negotiating with Scraggs which is now headed into its 2nd month. Not sure why this takes so long as Scragg's is not formally educated and has no working engines to his credit, yet TTEG and 236 want to pay for his trade secrets. I find it interesting that Rouse and Scragg's are the original architects of this little adventure called TTEG. As well as TTEGs unbending resolve to continue to negotiate with Scragg's and debate the royalty rate for an engine that doesn't work. It simply doesn't make sense. This story line has been repeated for years with no resolution.
"On January 23, 2013 the Company entered into a Letter of Intent with BluGen, Inc., a California corporation ("BluGen") for the purpose of setting the basis for the joint development of a natural gas to Methanol technology ("GTM Technology"). Under the terms of the Agreement, BluGen will work with the Company, and the inventor, Robert Scragg to recreate and expand upon the original designs created by Mr. Scragg and to re-develop a lab version and control system, among other things. These items are to be completed under a timetable that has been agreed upon by the parties."
BluGen exists only on paper as there is no record of anything. No physical plant, no employees, no products. Much like TTEG it is a shell. Try looking up Alpha engines, BluGen (which is a clever name ripoff of the real BlueGen), Fujian Xinchang Leather Company Limited, ETS Energy Technology Services Co., Ltd, Dr. Chang and his new Company ZHENG YU CO. (ZYC), or 2367416 Ontario, Inc.
We will be dependent upon the 236 Loan Agreement, 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.
This is a collection of people as one can't call them scientists because no one has a formal education in anything related to science, that are pushing a green story that to date has consumed 19 million dollars. There is nothing to show as the DCGT still needs to be redesigned, and the HPBS has yet to be built. The last effort failed because of a faulty control value which in turn caused TTEG to loose 300k dollars to ETS. Now they are going to go out and buy the technology and team up with BluGen another shell company to perpetuate the story. Stay tuned because the penny letter will trumpet these accomplishments as reasons to buy, but buyer beware nothing will actually be accomplished as that is the name of the game.
as 236 ( the guy that set TTEG up with a 10 million dollar line of credit, and who has now basically taken over TTEG) can buy it with pocket change, his own money, and he now owns what must be 50% of the OS, and with the shares returned to the treasury by the ex-CEO, the OS or potential OS based on preferred) is about 1/2 of what it was.
Okay 236 owns 50% of nothing much. A non working DCGT, and the hope of a HPBS License. The second HPBS under construction failed because of a faulty control value and cost tteg 300k.
Okay so what you are saying is that the agreement that will come forth in the 3rd quarter par the last 10k will indicate that 236 will buy the 1.8 million dollar licensing agreement for tteg? With his pocket change?
Why not take tteg private if its such a gem? I know because the only thing TTEg produces is more shares.
Par Yahoo
Shares Outstanding5: 340.92M
One defective control valve, is not a botched designed. So what you are saying is the ETS defaulted on its agreement with TTEG over a faulty control value???? TTEG lost 300k because of a faulty control value? Try again.
The original Methanol reformer burner installed about 2 years ago is in still in service with no failures and working perfectly where is it located? What is the physical address?
China is the second largest economy in the world now and they just did the largest IPO on the planet in the US markets, Alibaba, for $3 billion dollars. So China is doing something right. TTEG operations in China is the right way to go, they just need the right people and company deals.... Everything in China is not a scam. TTEG patents are not a scam.
Has absolutely nothing to do with the fact that TTEG can't complete anything it has set out upon.
All of China isn't a scam but tteg going to china was. What happened to the coal slurry moped?
Their patents are worthless
Please list their accomplishment or better yet list the JV's that have accomplished anything.
Many technologies have taken that long to reach commercial scale. Interesting that is still being pushed, must be worth the effort?
Who says? And sitting at .017 cents the market doesn't seem to be pushing it!
The paper written by 2 undergrads points to the fact that the engine needs work. They are not experts, the paper is 6-7 years old, and nothing has been written or done since. The engine simply doesn't work, and if it did they wouldn't need to completely redesign and rebuild it as stated in their own 10ks.
And what is emerging is a company that has been run by a collection of officers that have absolutely no background in anything they are developing. Does Rouse have a degree in anything? nope. Does Scragg's have a degree in anything related to being an engine designer? nope. Did Phyllis have any background in engineering or business management, nope. The only people who have actually degrees in their field are the accountants. Surprise.
Sounds like you just proved it works if it produces 70 HP. Thanks!! My jeep from 1947 produces more, it is a joke that after 22 years that this story is still being passed as a truck replacement engine. Look up how much power those engines produce. No shot in its current form.
What you missed is that 236 is paying the 20% interest to himself with money he loaned to TTEG (and he owns 1/2 the stock now, so basically he is paying himself back for loaning himself the money LOL). This is good thing!!!!
Then why do they keep issuing share? Please look up the current share count. It nearly doubled in a years time. And it states in the 10k and q they sell shares to pay for their operation. If they didn't need to constantly sell shares 236 would take them private as there would be no benefit in its current form. They can't because that is the scam selling stock on the back of a bogus green story with the help from the penny letters. Share holders fund this. 236 is merely providing liquidity and collecting 20% about 180k last quarter. How is Rouse doing getting the 300k back from ETS?
There is no value in tteg, "What was good enough 5 years ago is not good enough now.." so how does that thesis work over 22 years?
I suggest people call TTEG officers for the real facts if they want answers to issues raised here.
And talk about what? That they are working on nothing and still burring 60k a month doing what? This is an absolute scam.
"I get the impression he will see that the first Burner order still gets filled. And that he will try to get a decent settlement out of the outfit that botched the first production assembly unit"
They still need to raise 1.8 million then close the deal with the good Dr. THEN they need to build it, THEN it needs to be test run, THEN they can accept payment. How many years do you think that will take.
Going to China was part of the scam, try researching any of the info is like staring into a black hole. They knew that, and now the story comes home but there is no one that wants it.
236 is the real deal? They are getting 20% on everything this company does. 20% pass or fail. 400% off the lows and about down about 99% since inception. Not a scam? Mike Rouse holds a degree in nothing, Phyllis Rouse is a school principle, and Scraggs studied where? This story is made up of nobodies peddling a green story.
Fresh near term intraday low printed yesterday :D
And that means what exactly? it made a new short term intraday low as well. Doing a little more work on who Mike Rouse is and I found that he went to a community college and not even sure he graduated with a degree in anything.
"Michael Rouse is the founder of the Company and currently serves as its Chairman and Chief Executive Officer. Mr. Rouse is Vice President of Cox-Rouse Construction & Development Corporation, a commercial real estate developer located in Deland, Florida. Mr. Rouse is a commercial building contractor and developer, and licensed commercial aircraft pilot. Mr. Rouse was President of M&D Aircraft Leasing and Skydive Palatka, a successful parachute center, from October 1995 to June 2002, until he sold Skydive Palatka. He received his schooling in Management Training at United States Steel Corporation in 1975; Computer Programming at Daytona Beach Community College in 1993; and Science, Art and Drafting at Valpraiso Industrial Arts School in 1973. He is a former Production Manager for United States Steel, and General Manager of Freefall Express, Inc., an airplane leasing company, from 1989 to 1990."
And this makes him an expert in his current field? As described in the new bio on tteg this makes him a critical bridge to the real experts in development. Again I fail to see how he is a critical thinker in this field. I have very good understand mechanics and rebuilt my jeeps brake system , frame, trans, gear box, and carb but by no means does that make me a mechanical expert.
Read the ERAU paper, what does it say at the end? That it needs work.
Par their own 10Q's the DCGT hasn't been worked on in more than 2 years
Where did Scraggs get his engineering degree and where are his current creations working?
Having a patent granted doesn't mean the invention actually works
The bloomberg article was submitted by tteg itself not an independent reporter, none of the reporting is independent as its all payed placement.
The efficiency report you sited has nothing to do with the DCGT actually working
The engine produces a estimated 70 horsepower by their own admission
And they want to pay scraggy for this? And he has been at it how long? 22 years?
No one at tteg (i.e. Mike and Phyllis Rouse, Michael Patterson, Scraggs), has a degree in engineering or physics, nor does anyone at 236
Mike Rouse is a real estate developer and and his sister in law is a principal from Florida. So why did she make so much money working for TTEG?????? What did she do? That has never been addressed.
Its there own money? really 236 is being payed 20%, and 48% of the entire quarterly loss went to 236. Ask the stock holders, as its tteg who is issuing and selling its own stock, its stated in the 10K's and Q's that this is how they fund their operation.
TTEG is the largest seller of this stock
As long as 236 keeps the story alive they can issue as much stock as they want. This is the reason the penny letters are so important. They supply the buyers.
You hit the nail on the head, well said.
"keep in mind that these people keep tabs on what is going on on these message boards.like the person before mentioned,the people that took over are fitness business people not people like paccar, cummings trks or peterbilt so there is much to be skeptical about."
ROFLMAO, no this isn't the company! They are 18 years into development and the DCGT still needs to be rebuilt. It produces a blistering 70 horse power (estimated mind you). They haven't worked on the engine in 2-3 years. Tteg is really about creating clever green stories that they can sell stock into. Do some DD, they are a accounting shell that has blown millions and produced nothing except pay checks. Google Phyllis Rouse, she made close to a million while working for tteg. Yes she is a school administrator from Florida, and no there is no record of anything she did for them. Then there is Scraggs, google his past successes. TTEG is "negotiating" with him for his secrets! You should delete the cookies on your computer and pretend that TTEG dosent exist.
Same lies? Which ones are those? About Robert L Scraggs? Please show us all his past successes that warrant a payment from 236? I'm really curious why the debate over the DCGT is still being had. And as for the other patents they are close to 8 years old and have yielded nothing to date.
Gas to Liquid will become yet another path to lead the sheep to fleecing.
Hows Mike Rouse doing in getting shareholders money back from ETS?
Ontario 236 gave TTEG a credit line of 10 million, its the 10Q or K.
I loving following the absolute absurdity of this story. Ahhhh Robert L. Scraggs, the eminent engine designer who share holders are going to pay for his notes and trade secrets. The same Robert L. Scraggs who invented the Solar Reactor Engine. Say What!?! Yes, the Solar Reactor Engine I say. Patents were issued all the way back in 1989. Almost the same time he filed for patents on the DCGT.
So here we are 24 years later and neither of the afore mentioned inventions work, yet Ontario 236 is going to pay him for his secrets on the DCGT. That makes perfect sense. $TTEG was/is a company that was created to peddle a worthless technology/story and extract a paycheck out of selling its owe stock. Mike Rouse a real estate developer from Florida, hires his sister in-law Phyllis Rouse to do what Im not sure but se is payed handsomely. The company payed Scraggs along the way for his engine, but the DCGT never worked. The story of the HPBS has produced nothing either, yet they are going to go out and spend more money on the technology that they can seem to replicate. They changed the board of directors (cough cough) I mean 236 is now in control, and they (236) have no back round in anything they are trying to develop, kind of like the people that ran $TTEG. Smart investors now how to preserve capital, something that 236 doesn't seem to concerned about, unless they see $TTEG for what it is in its current state, a scam.
Never said I owned $TTEG, its a scam.
How is that every PR they release never comes to fruition? They are negotiating with Scraggs? how long does that take? I guess as long as it takes to hire Billy Fields, its laughable that they are going to buy him out, what are they buying exactly, oh yea HIS NOTES AND TRADE SECRETS. Why not get a third party to test the current engine and report on whether it actually works? That would be money well spent, but no they are going to buy out Scraggs instead. It will only dilute share holders a little bit more. Where is there any evidence that he is an actual engine scientist or better yet where are his past creations? Where did Scraggs study again? Its kind of like asking what did Phyllis Rouse do for TTEG? She made a lot of money doing something not sure what it was tho.
Super organic story(sic), I love reading all the recent tweets about $TTEG, all very funny.
Mike Rouse, TTE’s President and CEO, is an entrepreneur who gained much of his background in building businesses as a commercial real estate developer. He founded Cox-Rouse Construction & Development Corporation, and spent seventeen years growing the company. During those years, the company received two prestigious awards. One was from Florida Power and Light where Cox-Rouse won "Most Energy Efficient Home Built in Florida" in 1997. Mike is also a licensed commercial aircraft pilot and an Aircraft and Power Plant Maintenance Expert. His experience in each of these roles has given him the knowledge to interact with the developers of the DCGT and to communicate that knowledge to investors, transportation companies and truck operators in layman’s terms.
ORGANIC
never said anything about owning it. Tteg is an outright fraud, there is nothing to support what they are doing scientifically or intellectually, it is nothing more than a accounting scam. Can you point to one thing that can be factually proven by a third party about the science that they are developing? Has anything that they have set out upon over the last 18 years worked? Why did Phyllis Rouse make so much money, what the heck did she do? Why are the paying Scraggs for anything? The engine doesn't work. Since when is Scraggs an eminent engine designer? where are his past creations running? Paying Royalties, ETS, Mike and Phyllis, Scraggs, the good DR for the HPBS are just fancy ways of committing graft. All payed for by diluting share holders.
You are excited that 236 has taken over? None of them have any experience in the science they are trying to develop. Where is Billy Fields?
"little time left" lol please. The share count more than doubled in a years time, and close to half of the quarry losses goes directly to 236, this stock is a scam.
Holding up from what? "TTEG been holding up amazingly well here"
"obviously no dilution or this will be under .01 which is not so ur statement is obviously false"
Really how does one expand the float with out making your shares worth less?
TOTAL NUMBER OF OUTSTANDING SHARES
2011 52 million
2012 66 million
2013 155 million
2014 340 million shares( from yahoo finance based on recent 10q)
Please explain the math
And while your at it please explain why this is such a compelling buy when close to 1/2 of their entire budget is an interest payment to 236? The same 236 which now runs TTEG, seems really strange to me.
Why are you buying this? Is it because it is being active pumped by the penny letters? You can see the activity on pumps and dumps dot com.
Because there really isn't any near term catalyst that could propel this higher as it has a book value of -.002 cents a share, no money or products and the float has nearly doubled. There will be more dilution with the payoff of Scraggs and the good DR. for the HPBS technology. As of today, TTEG is the largest net seller of its own stock.
So I ask again why would you own this stock?
Right well for every buy someone is selling. And we all know TTEG is the largest net seller, just look at the float increase.
What news could they possibly release? They are going to be buying out Scraggs and the good DR for the fairytale HPBS technology.
That = more dilution
In response to your post about what the news is? I'll go out on a limb and say you have no clue.
But please keep posting they are insightful
Uh not really, if you look at the chart some one dumps a good chunk of shares, then someone pumps the price back up with as little 28 dollars. They did it 3 separate times yesterday, and many more times over the last several days.
How is the new management making all the right moves?
Why are they negotiating with Scraggs? Its like the PR for the intent to hire Bill Fields.
Can they or anyone for that matter point to any accomplishments that would verify Scraggs as an engine developer?
Where are some of his past successes, where did he study again?
Why is TTEG going to dilute share holder again to pay Scraggs off? It make no sense to buy the rights to this crap if it doesn't work in the first place. Management is saying they don't want to invest any more money in something that isn't theirs but how do they know once they own it it will even work?
They don't, its just another chapter of arm waving in the long story of dilution.
Someone has been dumping on the tape the last 2 days. With a hockey stick saves of a few hundred shares to pump it back up. I'm curious who would be dumping with such unreal news about the new management. Anyone think some of those newly minted class 'b' shares or common stock issued at .0008 cent a share could be going off?
Funny how the penny letter activity has picked up perfectly with the ramp in vol. I'm sure Im totally off base here as some big players are just loading up on the cheepies.
TTEg only issued 64,000,000 million shares last quarter or 711,111 shares everyday
what was todays volume? 633,633
On this mornings spike TTEG was worth close to 12 million dollars. An increase of close to 3 million dollars in 3 days, on a company with no money, no products, and 1.2 million in debt.
Go easy on them you skeptics, as they are merely a development stage start up that has been ripping off stock holders for only 8 years. The new management team has no conflict of interest(wink wink) as they are getting payed 20% wether this works or not.
DILUTION
Who cares what their names is, they are just scammers. Par the last worthless ramp on no credible news.
Big news today longs!!!
TTEG is in "negotiations" with Robert Scragg, to finalize a Purchase and Sale Agreement for the purchase and assignment of all patents, intellectual property, notes, trade secrets, copyrights and trademarks, including improvements and advancements,
Notes & trade secrets...... that gave me a good laugh.
They make is sound so official, this is Mike Rouses long time friend.
trade secrets + fairy dust + more dilution = still no working engine
So we have a burn rate of 1.2 million a year + 1.8 million for the HPBS technology + the construction cost of 400k + plus testing etc 150k + the buy out of Scraggs = 4 million dollars total? There might be a working HPBS at the end but the calculation speaks nothing of the engine which needs to be completely rebuilt.
How are they paying for that again?
"super small float - can see prices move quick here IMO $tteg MONSTA in the making!!!!"
Almost verbatim what Extreme picks is tweeting.
But what Extreme picks fails to point out is how is this a catalyst for price appreciation? They are years away from anything and the stock which is already trading 280x times its current book of 0.00 a share depending where one carries out the decimal.
Extreme has a .25 cent price target on this stock . There are currently 340 million shares outstanding(!!!) which would give it a market cap of 85 million dollars or zillion times book value.
Hang tight longs they're only going to add another 65 million in float to pay for the HPBS plus another 75-85 million for the current cash burn rate. So in 2015 share count could be as high as 485 million shares.
Sure doesn't seem like a reason for price appreciation
# OF SHARES OUTSTANDING 2009-2014 IN MILLIONS
(09)29.57M (10)43.26M (11)52.41M (12)65.85M (13)154.93M (14)340.92M
"Mr. Cirillo beneficially owns or controls 186,129,492 shares of the Company's common stock. Individually, Mr. Cirillo holds 5,900,000 shares, his wife holds 5,730,000 shares and 2367416 Ontario, Inc. ("236"), a Canadian corporation, of which Mr. Cirillo is the principal partner, holds 174,499,492 restricted common shares."
Now we get to meet 236, who is either out of his mind or the newest chapter in the on going hustle.
None of them like Rouse before has any technical background in anything related to the science being developed. After 18 years there still is no evidence that the DCGT even works as well as the newest unicorn the HPBS. Mr Cirillo where is the original HPBS located and running for your investors to see?
Not really. i see it more as a net neutral. They have nothing to sell, or thats even close to being sold, the company sports a 10 million dollar market cap, with no cash or products and has 1.2 million in debt.
In order to have anything to sell they have to spend 1.8 million more through debt and dilution. So the company in the near term will be closer 4 to 5 million in the hole by the time they have something marketable. 3 million current debt which includes the purchase of the HPBS. Projecting it will take at least 1 to 2 more years to close the deal, then pay someone to build it than install and test. They are currently burning 1.2 million a year if the last 6 months are any indicator.
So TTEG will have a hard time remaining at these levels in my opinion with out massive support from out side money (non dilutive).
Doesn't matter who is driving when there is no car to drive.
It will be interesting to see for sure
wow a whole 15k dollars in volume awesome!!!! that is monsta :D
seems a bit contrived to see the ramp on this news which does nothing to the bottom line of a company that doesn't make anything or have any money.
This news release just verifies the absolute failure of the Rouses over the last 14 years.
"The new Board of Directors wishes to thank both Michael Rouse and Phyllis Rouse for their contributions to Turbine Truck Engines, Inc. over the last 14 years"
Yea Phyllis and her contributions....LOL what were they again?
Could their departure be due to outside prosecutorial pressure??
I really am interested to see what the changes will be as they have no money and nothing to sell.....at least 1-2 more years of more debt and stories in pursuit of the HPBS.
Where is the original machine running?
Okay so lets sit back and see where this goes. I'll take the bet that the technology is worthless and this goes no where. Im really curious why you find other stock worthless and label them as scams with in investors hub yet think this story is real?
Full of BS? Really do tell I'm interested to know what I have gotten wrong?
I'm happy to run counter to the nonsense that is posted about the price action of this stock.
And I'm not interested in moving the price of the stock, but I want people to know that this is a shell of a company that has not produced anything for the last 8 years except a pay check for the story tellers.
Of the 350k dollar loss par the last 10 Q, 168,000 dollars went to interest and is where I am starting to believe the larger finical scam is. Who is Company 236? Basically shareholders are paying 236 168,000 dollars a quarter for no results from Rouse. All Rouse has to do is say he's trying and the story continues. More PR's about nothing, 8ks etc and shares are sold to finance this project at 20%. It says it right in the 10 Q "The financing for our development activities to date has come from the sale of common stock"
and what did the remaining 182,000 dollars of losses get spent on?
I ask because Team Rouse isn't working on the DCGT and they sure aren't working on the HPBS.
So for three months at a run rate of 60,000 dollars a month what were they spending money on?
Shareholders will never win, as this story isn't about the commercialization of anything but rather the continued peddling of a story and the subsequent sale of stock.
Ah yes Whine Whine Whine.
How many years have you been absolutely dead wrong on this company?
Never in my life have i seen such unshakable longs hell bent on propping up Mike Rouse long enough that his mystical technologies will change life as we know it. And yet after 8 years, nearly 19 million dollars not one Joint Venture has ever work, the DCGT has never made it into a truck, and now the newest unicorn the HPBS is unable to be replicated.
Where is the original HPBS currently running? Why can no one answer that simple question?
Why do I take the other side of this fair tale? because everything points to it being a stock scam
Oh yea I guess the markets don't really see the management change as a massive reason to buy
Why would it as TTEG has absolutely no products to sell:D