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yea please explain i would love to know what you are talking about when you have some time.
yea thats good i usually dont either but i made an exception here-obviously that was a painful mistake. you are smarter than me. but lesson learned i suppose. really thought this company was going to be different but I was fooled by Trina.
Trina will not be buying any shares. actually he made it very clear he will be selling his shares under rule 144-just like he did in April. since he increased the O/S with the recent 8-K, expect probably a 1.5 million share dump by Trina sometime in July. if he starts putting out news like he says he will, this might have a decent run. i just have to reconsider this as a long term investment.
doesnt change the fact TTIN is broke and the shareholders will be picking up the tab for Trina's debt and lawsuits. just keep that in mind and dont get blindsided just cause this is up 75%.
the only positive thing right now is that the "E" is gone. maybe after the lawsuits are settled and they dont give away 2 billion shares doing so, this maybe worth looking at again. if you still believe in this company now is the time to buy i suppose. i really thought this was going to .0009 or so. i guess it still can. but eco-friendly bug killing isnt working out for them. maybe if there are any shares leftover from the lawsuits they can aquire something people might actually buy.
from my older post...
i hear ya. keep in mind the record revenue wont show up till 2q cause that was for May but still it doesnt even matter anymore...i dont get how they can have all of this and distribute XT-2000 oil which lots of companies use and only make that much money. but it is what it is i suppose. like i said in an earlier post trina tells shareholders what they want to hear. like you said technically they are true but he knows just what to say to please investors.
great they settled ONE lawsuit only like 10 more to go. wonder how many shares they are gonna get. i love this quote- ""This derivative liability equates to almost a half million dollars that will suddenly disappear off our balance sheet just like magic." lol. oh magic ok i feel much better now trina...i was under the impression that the shareholders were gonna pay off your debt but its just going to disappear! what a bargain at these levels....:/ anyone who is still in this stock i wish them luck. who knows maybe it will work out..i mean i hope it does i still hold all of my shares but ive lost all my faith. if this ever gets back up in the 3's ill probably sell. maybe if they dont use a billion shares to settle lawsuits he might be able to turn this thing around someday. but its going to take a lot more than bug spray and termites to do it. man i still cant believe they only did $4000.
termite season actually isnt included in this report. i think he said the season is may thru september. not that it matters though 2q isnt going to be any better for TTIN. unfortunately im stuck here for a while my dumbass got too involved in this company. i got blindsided and fell for trinas "i work diligently every day to increase shareholder value" bs.
another thing i thought they were exclusively distributing XT-2000 oil...a lot of companies use that where the hell is the revenue for that?
yea i read that...the only way TTIN will stay afloat is if they increase the A/S....so shareholders have 2 options-TTIN goes bankrupt or they increase the A/S. i wonder which option shareholders will choose.
i wasnt expecting huge numbers at all, but i thought numbers would be better than last years. all i was looking for personally was a little bit of growth. ok so sales werent good...thats ok i keep reading and bam...A/S increase to 2 BILLION. that is a red flag for me im sorry. that was a personal thing for me i told myself i dont care what is happening with the company as long as they dont increase the A/S i am good. each quarter goes by and they get more and more in debt as the lawsuits accrue more interest. all they can offer them is shares which will keep driving this price down. i am disappointed but its time to be real. i really am trying to find reasons to hang in there but i cant think of much.
trina is just a pleaser....he tells shareholders what they want to hear. they have nothing on the horizon-he states that in all of his reports. they have no money to do anything. maybe i will hold in case he does put out a pr this summer then dump into it if the news is anything decent. i think that is all i can do-i made the huge mistake of buying way to many shares of this company.
if i learned anything from this one, it is number 4 for sure. things may sound good but if things dont add up in your head then something is probably not right.
A/S increase to 2 billion. i am going to seriously reconsider this one...i cant see any way this company will ever profit...all they do is sell shares. i told myself as long as they dont increase the A/S all is good. says it has to be approved by shareholders but who knows.
On May 6, 2011, the board of directors passed a resolution approving an increase in the authorized common shares of the Company from 250,000,000 to 2,000,000,000 for the purpose converting Company debt to equity, capital fund raising, facilitating possible mergers and acquisitions, capital restructuring and/or funding legal settlements. The increase in authorized shares will not take effect unless and until the measure is approved by the shareholders and appropriate filings are made with the state of Delaware.
10Q out...they are still broke. but not that we didnt know that already. remember how we were saying this 1q numbers were going to blow out last years numbers? yea we were wrong...they did more sales last year. might see some selling today.
http://www.sec.gov/Archives/edgar/data/1062720/000093979811000017/ttintenqmareleven.htm
lets hope Trina has lots of termites to kill this weekend so they can pay the auditor...10q is due next week and even Trina said "if i am successful it will come sooner than later." i hope he is saving money and making a plan for the auditors for 2q cause that will be coming up soon.
another Neil Smalbach article. i didnt know he was an employee of TTIN. just a little bit more info on what he was doing.
http://stockmarketlawsuit.com/securitiesfraudlawyer/?tag=transfer-technology
maybe Trina should offer termite treatments to the auditors homes...who knows they may knock off a couple hundred bucks for the 10q.
in my opinion the next few months isnt going to change much i dont think. even Trina said in the interview he doesnt plan on becoming profitable until the end of the year. IF they can get canker kill or flash off rolling we will be in good shape. even that would be probably 6 months from now. but i do say if because its been well over 3 years now since they have acquired it. that was one of my main reasons for getting involved with TTIN but they are having lots of trouble getting those products out which definitely raises some concern. but that is the gamble im taking right now. like all the longs say this is a long term play. on paper it doesnt look good for us right now you have to admit that but i think most of us are betting on the future of this company. im sticking with it for the very long term. there is no money to be made here for a while unless of course he puts out some good news and does a little run to a penny where some people will get out. i wont be one of them. but i dont see that happening cause they have no money and cant really do much at least until lawsuits are settled. i was excited to see 1q numbers but now i just want him to file on time. dont think they will be all that good if Trina cant even afford to file right now.
hope he proves me wrong tho.
im sure he will file but im looking at past filings and he says he takes filing seriously but looking at them it really does make it hard to believe him. really hope this is his wake up call and he meant what he said. like i said before Trina wont get this in till the last minute. i feel like the last thing i should have to worry about when i invest in a company is if they are gonna get there 10Q in on time. im sure there is nothing to sweat
but man he is making me nervous every passing day it is not filed.
it would just take one news coverage or something on our product to really get sales going i would think. oh well...hope you have yours already just in case q!
it would be nice if Trina could get some kind of advertising plan going in NYC unfortunately that probably costs money and we know there is a lack of that. hopefully word of mouth and the internet gets the word to NYC. from what i keep reading that is where it seems a good percentage of bed bug profits will come from.
hope this guy has a good plan in effect. actually at this point ill be happy if he just files the numbers so we dont go back to the pinks. preferably not last minute either. cant believe i agree with dah here but with this statement "If I am successful at this then we will file our 10Q much sooner than later" i can only assume things are not going according to plan because in my eyes as well as other investors, its definitely later at this point. i dont know...im sure he will get it in on time but Trina is gonna make us sweat this one out i think. like i said i hope this is part of a plan but at this point im not gonna lie i am a little worried.
not sure what my average is now but i do hold a lot more shares than i originally anticipated. i cant help it at these levels. anything under .006 or so i will keep adding when i can. especially when i can grab some .003's :)
that was me :) almost got my entire bid filled-16k left. im still accumulating when i can. go TTIN! i mean TTINE!
that would be nice...tired of looking at TTINE.
yep and he will wait to the last possible day to file im sure.
he can only dump 1% of the outstanding shares every 3 months according to rule 144. it sucks but its not devastating.
that is what i have been gambling on from the start. lately ive had a bad feeling that its not gonna be released or its gonna take years. im sure its just me being paranoid tho.
read it again n/v...tuesday morning volume was at 1.1 mil. anyway happy memorial day hope you all are enjoying yourselves.
1.1 million? pretty sure our volume was around 4 million tuesday. either way the only time we get decent volume is with a pr. will be nice when we see 4 million a day on a constant basis.
TTIN can help this is a huge opportunity for Trina to really push his product-especially with all the news about how bed bugs are becoming immune to lots of pesticides that use to easily take care of them. there is competition out there we are not the only all natural bed bug killer out there so i hope he is doing his part to promote his product. guess we will get an idea when the 10q comes out.
i ordered some of this stuff when i first saw it---it is the sh*t.
its not as of now they are under rule 144 restriction. Trina must hold the securities for 6 months ans after that time, the number of shares he can sell during any three-month period cannot exceed 1% of the outstanding shares. that is my understanding someone correct me if i am wrong.
nice pickup for someone...i may just put in a low bid in the 3's and hope i get lucky one day.
simple...they owe more money than what they are bringing in. im loaded here too but until they get canker kill/flash off rolling nothing is gonna happen with this stock. if Trina's expected numbers from those happen, that should give TTIN the revenue they need to acquire new technologies and attract new investors. but until they start bringing in serious revenue, this isnt going anywhere. killing termites and bed bugs just isnt gonna bring in the money they need. yes, 1q numbers will blow last years out of the water, but its still not enough. im ok with that for now. it does show they are progressing and i like that. now if this time next year they are in a similar position i will be worried. i can almost guarantee i will be in this stock this time next year unless it shoots to 3 dollars or goes bankrupt within that time ill still have my shares. i fully believe in the company and i havent sold one share-i told myself when i first bought shares in January-this is an investment and a long term play. it may be a very long term play and it will take patience and a lot of time but it will pay off.
guess we wont be seeing the 10q today...any hope for tommorow?
ok Trina market is closed lets go im dyin here! make me happy that i picked up extra shares today.