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That's going to be my guess when/if they delay the timelines after this offering. This thing will hit rock freakin' bottom. But as they've shown, they really don't give a damn. They just keep sitting around in a circle jerk wasting shareholder's money.
We can just about bank on another timeline delay which will send the share price to probably the .20 range, if not lower. What bunch of dbags these guys are. Again, they couldn't run a lemonade stand.
I would almost believe if they thought they could sell for $3-$4 per share right now they'd fall over each other trying to sign the papers. No way they could get that price per share right now.
I have and when it involved reporting to someone else I kept them updated as to the progress and the things I was doing to ultimately get the task accomplished.
Management has a responsibility (especially when deadlines aren't met and missteps are made) to do the same. They have a fiduciary duty to the shareholders. Because let's not forget. It's the shareholders money they are using. They have completely disregarded this obligation to the shareholders.
Lawsuit and the term "fraud" puts jail time on the table. So what do we mean by "fraud"? Simply mismanaging funds and making stupid business decisions? That's not fraud. A willful attempt to deceive? That's fraud.
Until the results of the shelf offering is known and management provides some information on their plans to take SPORT to the finish line. The share price is going to drop or stay relatively where it's at now.
I agree. The information we have available to us doesn't paint a rosy picture by any means. But at the same time today's information isn't always a precursor to the future. Let's not forget, before November 2014 we had information (and a PPS to back it up) that painted a very rosy picture for us in the near future. Then out of nowhere we get hit with the timeline adjustments. There was nothing in the information we had available to us that would have indicated that would happen.
Look, simply going by the information I have in front of me today. I would tell you if we get bought out for a $1/share I will be jumping for joy. But my expectation is under that. That's simply going by the information we have available to us now. But I also have learned and observed that situations I (and anyone else at that matter) predict the outcome tend not to happen the exact way I predicted.
Has this stock gone past the point of return with regards to having a chance to still be a success? When dealing with adversity I've experienced that people go to one of two extremes. They go to a very cynical extreme (which we see on the board) and a very pie in the sky extreme (which we also see on this baord). So it's easy to get caught up in one of the two extremes that people tend to take. I usually find that after it all actually plays out neither side's predictions came true. For the cynical extreme, it didn't end up as bad as they swore it would and from the pie in the sky's extreme. It didn't turn out quite as rosy as they just knew it would. I wonder if this will turn out the same way?
This is what happens when management leaves its shareholders in the dark. Management created the vacuum and people have naturally filled it. Don't blame the shareholders, blame the nontransparent management. It would be one thing if management left shareholders in the dark but made sound business decisions. But they've created a propaganda/gossip machine by leaving their shareholders in the dark while making crappy business decisions. No matter how you spin it. This mess falls at the feet of management. Not the shareholders.
Unfortunately you're right. He gives lip service and politician answers. I'm very surprised the Board of Directors hasn't brought the hammer down on this nonsense. This has to change if we're going to have a chance at getting Titan to the finish line.
What in the heck is going on with the volume?! It's doubled twice in less than an hour. Any thoughts?
Any bets it's a financing on top of a financing?!?! LOL! Management be like "Hey, let's really piss'em off and go play golf on their dime the rest of the day!!!"
I'd be surprised if they raised $10 million to be honest. Heck even if they raise $15 million we're still $10 million short to get operations kicked back off. The only way I see us being able to get the lights turned back on without having to raise the full $25 million would be to adjust the timelines to a shorter turn around time, not requiring as much money. But my gut is telling me the next "big" announcement is going to be timeline adjustment but in the other direction. At that point we are in serious, serious trouble.
At what point do they do that though (seek to partner up with someone)? I would think the time is now. But according to two posters who have spoken directly to Randall their plans for right now are to go at it alone.
Another thing that is incredible is there hasn't been a massive selloff of shares with people jumping ship. Even with all the bad news it seems the majority are holding and/or buying more shares.
You're assuming management is smart enough to realize what we on this board have long known. There's no way they can make it alone. But I'm afraid they actually believe they can and I truly believe that's what they are going to try to do. As I've said before. Their management decisions have proven to me they can't pour piss out of a boot and couldn't run a lemonade stand. You're giving these guys way too much credit.
With this offering being held open until the 20th, we should be able to get a chunk of the funding. If at the end of this offering they have only gotten $5- $6 million I will be very concerned. Moreso than now.
That's what is deeply concerning. These guys know investors are pissed, unhappy and are screaming to them what needs to be done. Yet they continue to dilute this stock and do NOTHING. I MEAN NOTHING to reassure investors. There's no way they don't know that what they are doing is screwed up. NO WAY. That's why I say they're benefiting somehow in a big way by running the company like this.
Am I missing something here? This seems to say it is an "overnight" financing.
Hell I don't know.
According to the offering it is going to stay "open" until approximately September 20th. So does this mean we will not know until then how much was raised?
Actually I think you're bettering your chances of getting out with something for you investment. If the company is bought out at pennies on the dollar, the investors with the lower cost per share stand a better chance of saving their hind ends.
Ooookay, you mind sharing what they said? Because I'm sure you were asking a lot of the questions that's been asked on the board.
Has anyone ever gotten a response from emailing EVC? I'm just baffled as to what they are doing or supposed to be doing? Aren't they supposed to be "marketing" us?
Agreed. I believe what Longtai wants in return is too steep of a price for Titan to agree too. I'm not counting on them either.
But honestly, how realistic is it to think they can get that time of funding from this offering alone? I'm being sincere because I don't know. Don't we need like $50-60 million to finish?
When will we know how much money was raised from the offering? If I'm not mistaken the offering announcement mentioned it would be open until September 19/20th? Did I read that right or am I misunderstanding something? Can someone explain this to me? Thanks in advance.
Possibly because it is in Canadian dollars on the offering and you're thinking it is in USD's?
Just curious, but what information are you basing this opinion on? Trust me, I HOPE YOU'RE RIGHT! But I haven't seen any information released to indicate they are this far along.
When is their first "monthly review" and what will they be "reviewing"? If they cut ties with them don't we owe them $2 million back in deposit money?
With all due respect, I gathered from both yours and posi's conversations with Randall that he was "confident" and "not worried" about financing because they had deals being put in place for funds aside from having to dilute . Let's be honest, the underlying assumption was it didn't mean dilution via shelf offerings. That it meant other means of financing.
So now that they did a shelf offering, I completely understand what he meant by "he was confident" and "not worried" about getting financing. He was just going to dilute the stock and go back to the shareholders and fleece the hell out of us. That was and is their "Plan B". This company is about to be flushed down the toilet from an investors standpoint. If this shelf offering doesn't bring the necessary money to get operations back up and going this investment (from a value standpoint) is done. There is no "hand shake" deal with anyone. They have zero potential investors other than the sharks circling the water waiting on them to drive it to a point where they can swoop in and buy this out for pennies. This shelf offering better be a home run folks.
I doubt that will happen. These guys are on such a roll of piss poor decisions I doubt they want to break their streak. If they don't get the proper financing to get operations back going the only direction the timelines are going is further back. Each decision these guys make are pushing the return on our investment lower and lower and lower. Wouldn't surprise me one bit if we don't ultimately get bought out around .80 to $1 per share. These guys are running this investment into the ground. And it almost seems like that's the plan. Again, they are benefiting in some way from running this company this way. I haven't figured it out yet, but they are. How they've done this goes against so much business logic. Basic, fundamental logic at that...
If they don't raise the needed funds to cover six months expect timelines to get pushed back, stock to plummet and a buyer come in and buy this out at pennies on the dollar. They can't keep running this company like this and expect to get to the finish line. Simply won't happen.
Of course he lied. Did you really expect him to tell you anything other than something to appease your ears? Lol! These guys are politicians and I'm convinced are purposely being secretive and undermined for a reason. They're benefitting somehow from running this company like this.
You and me can be at the butt end together. That's my cost average as well!!!! LOL!
You're right. We shouldn't. This management team is a joke. But obviously the technology they are trying to get to market is one hell of a machine. Because to be honest. After all that happened to us in the last two months (Chinese deals, running out money, and Fowler leaving), for this stock to still be at what it's at is an absolute miracle to me and tells me somebody thinks this will make it. A lot of people have kept their shares and continue to buy in. Again, I think it's going to be a rough ride and a sloppy landing but the closer we get to the milestones and keep our heads above water. The odds begin to move into our favor.
Everyone's opinion on what's going to happen is about as good as pretending. So we're just dealing with semantics at this point.
If they get six months worth of financing in this offering does that start to shift the odds in their favor? Aren't some of the milestones in third quarter of 2017?
You've hit on my line of thinking. If they can get 6 mos worth of financing that places them approximately six months from HUGE milestones. Which means the finish line is very much insight. At some point, as long as they don't go belly up or outright sell for pennies, the odds begin to shift in their favor the closer they get to the milestones.
Let's play pretend for a second and tell me what you think. Let's pretend they raise enough money to take them through the next six months. That would put us into February 2017. That's about six months or so away from major milestones. Being that close would Titan become a lot more valuable in the eyes of a potential buyer/partner? It seems the closer they get to the major milestones the odds slowly begin to shift in their favor.
Agreed. To much of a coincidence for that size purchase then damn near immediately afterwards they announce a shelf offering. I was born at night, just not last night.