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All the effort? By effort do you mean reading the releases?
Spreading lies? Which lies are those could you elaborate?
waste of time? The stock traded up 10% today on a whopping 3200 dollars of vol.
10 million dollar market cap no money, no products, 1.2 million in debt soon to be 3 million with 50% of the last quarters loss going to an interest payment.
I'm sure as a long you love the interest pass through to a 3rd party.
What did they spend the other 180k dollars on last quarter? They aren't working on anything?
How about actually formally suing ETS? Or is there no crime there?
Why did Phyllis Rouse make close to 1 million dollars over the last 8 years? What did she do again?
Im not spinning and thats the scary thing. Im simply reading the filings. Im not short this stock at .02 cents.
I'll state it again. Every bit of news released is trumpeted as blushish on this board with the exception of a few posters. Yet there is a defining inability to articulate any case in defense of what this company has been doing for the last 8 years by those very same posters.
Please explain how any part of the last 10k, 10q or 8k's are remotely positive.
Enlighten us on the 'good news'
1. They have no cash
2. They are going to shake up the board (laughable)
3. Share holders should be investigating Phyllis Rouse's role within the company
4. The DCGT doesn't work after 8 years public and about 10 privately held
5. What was the last date work was performed on the engine? More than 2 years ago
6. ETS failed to build a copy of the fabled HPBS (who built the first one?)
7. ETS has 275k plus of your money with no new info on how they're going to get it back(doesn't take 5 months to bring legal action or announce your intent but hey they put out a PR telling they're going to hire Bill Fields! LOL)
8. Where is the original HPBS currently located and running?
9. Rouse is going to pay 1.8 million plus 20% to buy this unproven technology
10. After no takers in N America and China the engine is coming home again to N. America
11. They have 1.2 million in debt.
12. They spent 261k on interest alone in the first 6 months of the year
13. Why are they spending so much on interest payments? I thought they wiped all their debts clean
14. Creation of Class B shares that are not restricted
15. Not one JV in their history has ever worked
16. There is no third party data to support anything that they claim with the engine or HPBS
17. Who is company 236?
18. last quarter they list 182k dollar of operating expense? what are they working on? "We need to redesign an engine for our application based on this proven Core Technology." (proven by who?)
19. In the last 2 quarters they have spend 500k and produced nothing.
outside of that everything looks great
How can every bit of news released on this stock be a positive? How is it a great thing when almost 50% of the balance sheet is a transfer payment to a third party? How many times have we heard they are in talks with a North American Trucking company?
Why can't anyone answer why Phyllis Rouse has made close to 700k dollars in the last 5 years and close to 1 million in 8. That simple fact is never addressed, and it makes absolutely no sense.
TTEG has run up just under 19 million dollars of debt in 8 years. Phyllis Rouse has taken home about 5% of that in compensation. For what? Her name is on one filing in the companies entire publicly traded history.
Are the blind followers really blind?
It would be a big deal if it actually meant something.
The stock is at .02 cents with an average daily vol of 8600 dollars, there is no way on earth those share promised could be handled on the open market.
So they are forgiving something that could never be paid.
The company has 0.00 dollars on the books had has amassed 1.2 million dollars in debt since clearing its debt last year
They are changing the board of directors?
You mean they are going to get rid of Phyllis Rouse, a school principle from rural Florida? The same Phyllis Rouse that has made almost 700,000 dollars over the last 5 years? 700,000 dollars and she has no back ground in anything related to mechanics or science. She is a full time school administrator, and from the 10k from 3/28/07 Phyllis received 97,987.00 dollars in compensation for three months doing what?
The balance sheet
Interest expense for the last 3 months was 168k. reread that
Interest expense for the last 6 months was 261k
This is absolutely absurd from any angle, and looks like a bigger financial scam than ever before.
They have no salable products, no cash yet someone keeps loaning them money at 20% in a zero interest rate environment?
net loss for the last 3 months is......... 350k
net interest expense last 3 months is 168k
48% of the entire loss was on interest payments alone
1866.66 dollars a day goes to interest
what was the other 182k dollars spent on, as they are not working on the engine or the HPBS?
So they are going to spend 1.8 million dollars on a technology that isn't proven? Anyone want to take my bet that they will fail, but it will take 2 or more years for the story to play out ? But of that 1.8 million how much will get kicked back to Rouse?
As for the DCTG
"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.
Alpha is Scraggs, Rouse's old partner. The way it reads you would think these are two real corporations. They are not.
"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."
Par the last filling the engine only puts out an estimated 70 hp. Can we stop pretending yet?
8 years publicly traded and the story hasn't changed
Company 236 is getting rich at 20% what do you think Rouse's cut is 3-5%?
This company exists for the sole purpose of generating a paycheck. There are no products only fanciful stories/PR's to dup investors. Penny letters pump the stock so stock holders can sell at will. 236, Rouse, and the penny letters are all in on getting payed.
LOL, they only issued about 64,000,000 million more shares par the 10q
MORE DILUTION=================>SUPER BULLISH!
looks like they're shuffling the deck chairs on a sinking ship
A new board of directors?
I wonder if hard working Phyllis will keep her no show job?
Not to worry, they're negotiating with ALPHA engines on reducing the royalties on the engine
LOL you mean the engine that doesn't work? The engine that no work has been performed on in 2 years? Royalties on an engine that doesn't work? I love that they say they are in negotiations. Alpha is Scraggs
But but but there's a JV on the horizon in North America if they can get the 70hp myth to work
Love that they are coming back to North America with the story as it first started here(no takers) then went to China(no takers) and now the story comes home.
Looks like by the 3rd quarter they will purchase the technology from the good DR. and his newly formed company. Is there a shred of evidence anywhere that this technology even works?
Not to worry share holds Mike has filled criminal charges against ETS. Im sure you will not be getting your 275k back.
Anyone notice how much money they spent last quarter? Its a hell of a lot for a company that isn't working on anything (mostly past compensation)
ZERO cash and they have 1.2 million in debt. How is it possible that the market values this at
8 million plus as they have no products, sales or anything on the near term horizon.
Do yourselves a favor, instead of calling Mike Rouse to find out what a nice guy he is(shocker he wants your money), call the SEC and report this scam.
Bullish on scamming penny letterers moving the price. Get some nice news??? like hiring Bill Fields, or renewed interest in the engine over CAFE standards, or creating Class B shares, or failing to build the mythical HPBS, or Mrs. Rouse making money for doing nothing. Im sure if there is news it will be a doozie.
How is any of it bullish? the last filing is to create class b shares? the last 10k lists the failure of ETS on construction of the HPBS where as tteg lost 278k dollars. Also it includes the fact that they have to raise 1.8 million dollars to buy the technology from a newly created shell company. They have zero cash and no products to sell. Bullish?hardly. The charts are pretty but a mere 10k can do what you are seeing. Penny letters
Great post, and the second pump by extreme picks in less than a year. Which supports the fact that this is nothing more than a scam stock. Extreme picks was completely wrong on their first research report which they left out as the HPBS was never completed and Tteg lost 275k dollars to date.
Tteg currently has a an 8.25 million dollar market cap, and has no money, no products, and no real estate holdings or physical plants. The stock over the last several days has been goosed higher on 9 to 10 dollars a day. Now extreme gets everyone excited with this epic price action alert and says it is going to the moon.
Where is Bill Fields? or the renewed interest in the 70 hp Truck engine? Or an update on the coverage of the stock by the media company out of Belize? Get ready for mega price action as you will never hear a word from Mike and Phyllis to stop this, because this is how they get they get payed.
nonsense? etrade won't let you trade it electronically as well as others. Different brokerages have different restrictions on trading certain penny stocks based on their own criteria. And there is a reason they restrict it!
I wonder what Phyllis is doing on her summer break from being a school principle? Im sure delivering efficiencies to tteg bottom line. Why has she made so much money at tteg, I can't figure out what she does?
Some brokerages want verbal conformation of your trade. Lets be honest, tteg stock sits at .02 cents and since going public 8 years ago hasn't made a penny of revenue. Would it surprise anyone if it vanished over night? Brokerage houses know this and want verbal conformation of your order as your conversation is recorded to protect all parties.
Awesome? The stock is no higher than it was a year ago. You still under water?
no not record volume(complete misinformation) but above average, total shares traded amounted to about 10k dollars. Maybe Rouse is getting ready to unload some class B shares on 'no news'.
Stock has gone round trip in a little more than 4 months to low of .011 cents. A far cry from the calls of .25 cents. All the cheapies you can eat!
More awesomeness from TTEG management
What do all you longs make of this one?
Oh yea, you get no say in what Mike and Phyllis do, just sit back and take it.
18-Jun-2014
Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Fina
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On June 18, 2014, the Board of Directors created a separate series of preferred stock, called "Series B Convertible Preferred, which is being documented by the filing of an Amendment to the Articles of Incorporation filed with the State of Nevada. The Board of Directors designated 350,000 shares as Series B Convertible Preferred. A shareholders vote was not required. The Series B Convertible Preferred, par value $.001, provides for:
? No Voting rights; and
? Shares are convertible after six (6) months on a 20 to 1 ratio at the option of the preferred shareholder;
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Description
3.1 Articles of Amendment to Articles of Incorporation dated June 18, 2014.
Nope your not rich yet;
from 2011
"The previous tweet was:
$UNQT,$FLKI,$FSPM,$COLV,$ASPZ,$TTEG,$OPMG,$BMGP, we are very Bullish on these stocks, don't mi$$ out on whats coming. Undervalued, how long?
I have no idea on the quality of OTCMegaStkPicks and their work though."
Its now 2014 and the only thing that has changed is the name of the penny letters
Your being ripped off by the Rouses
Just scroll back through the posts to see all the nonsense during the last pump just prior to the laughable 10K and Q
“When I first started with TTE it was about organizing and building a ledger that was structured such that it provided useful information, and using that information to help the company make smart decisions about expenditures and capital investments,” she says.
“In the near future the focus will be much more on managed growth and creating a long-term plan that ensures the continued financial health of TTE during this incredible period of opportunity.”
Phyllis Rouse
Hows that working out? I guess pretty well for her not so much for stock holders
Funny thing is that she is the current head of the Amelia Island Montessori School.
A little fact they left off of her TTEG bio page
So how much time do you think she spends working on TTE?
She has a no show position that she has pulled down some serious money since 2007 and delivered what exactly?
This isn't how it works in a legit company. You say do your DD but their is nothing to see, where exactly is the original HPBS running? Hows Mr. Lombard's work going on the development and testing of the Detonation Cycle Gas Turbine Engine? Its not, yet they just released a PR about the DCGT in relation to CAFE standards and renewed interest. They haven't worked on the engine in 2 years! And as it stands only produces an estimated 70hp, can we stop pretending?
Who was offering up all those shares at .04-.10? Someone has to sell to create a market?
this is a toxic story
Because I hate seeing people getting ripped off! There were so many pumpers on this board posting absolute nonsense, designed only to suck in more buyers. There is no evidence that this is anything more than a scam.
Please stop. Bill Fields who has no scientific back round is understanding of this technology and is going to put his reputation on the line to work with a insignificant flea speck of a company that has an absolutely horrid track record.
Im sure Bill loves the fact that TTEG's DCGT has been under development for close to 20 years, yet hasn't been capable of producing more than an estimated 70 hp and has never seen the frame rails of a truck. CAFE standards please! lets get real.
And this is the same company that is working to bring someone else's technology to the prestigious Fujian XinChang Leather, Co. Ltd., a technology that doesn't seem to work.
Where is the original HPBS currently located and working?
So for the last 7 years Mike and Phyllis have destroyed stock holders while making a nice pay check, making up their business plan as they go and delivering on nothing.
Longs trumpet the fact that they have retired debt while securing more debt as an accomplishment all the while having their equity destroyed. The only thing that has been kept alive is the scam.
If the HPBS is real, why does it take so long to build a copy?
So rather than find another contractor to build the HPBS he's going to go out and spend 1.8 million plus interest on something that isn't proven? And then he has to build it, how much do you think that will cost? How many years will they be able to string this new story line out? Does any of this make sense? From an investing stand point its pure insanity, you are investing on the word of Mike Rouse who hasn't delivered on a single thing in seven years, accept answer the phone.
With the stock sitting at .03 cents thats only 72 million shares of dilution
Oh yea why does Phyllis make so much money again?
Ask a scam artist what his scam is? You can't actually believe he would give a straight answer? He hasn't been honest with investors for the last 7 years. I guess the bigger question for the hardcore speculative investor who cares nothing about their investment dollars or the inner working of a shell company, is will Rouse get 1.8 million dollars for the company's only shot at survival?
I guess 236 would have to be asking themselves if its worth the possible loss, unless they can work out a deal where they get a guaranteed return. I wonder if the good Dr will give a kickback to either 236 or Mike or both?
Im sure CAT is feeling the heat from TTEG's 70hp engine.
Where is the original HPBS located and running again?
Where the coal slurry moped?
Wheres Billy Fields?
Scam
"Nobody in the OTC (in my experiences) is more faithful to answer the phone and patiently answer questions and concerns than Mike."
What a great metric, but how is he at achieving any of the stated goals they have set out on over the last 7 years?
Next time you call why not ask him;
In 2010 Phyllis Rouse made 201,790 dollars and then in 2011 she made 286,938 dollars. Those where pretty amazing years for her, what did she do again?
Over that same time frame the stock went from .33 cents ====>.05 cents. Why did the company need to pay her, a former school administrator and a person that has no background in anything mechanical almost 490k dollars? Is her pay performance based?
Over that same period what did TTEG achieve that was so incredible that Mike and Phyllis took home 1,028,871 dollars in compensation
2010-11 TTEG NEWS
Falcon Power
6th Generation Prototype
Aerospace Mitisubishi
AMEC
LOI with Megrant corp
How did all of those end?
Where's Billy Fields?
You think I would get a straight answer? TTEG has never corrected or amended any of its public statements regarding any of its failed mergers, JV's, contracts, or supposed hirings. And I say failed because nothing they have announced that has ever worked.
The simple fact that she has brought home more than 600k in the last 5 years is insane. She has no background in anything scientific and yet what would she apply her vast administrative skill toward? Ordering school supplies? Over that time frame TTEG hasn't produced or sold anything. Maybe she was in charge of vetting their JV's or the contract with ETS. Where does she spend her time? Is she in China or busy manning the phones in Florida? My point is that her job is a no show position, how many hours do you think she actually works at this. Your shares are diluted on a continual basis to pay Phyllis her salary which since inception in closer to 1 million dollars.
But Phyllis is small potatoes, for as a share holder you have to now watch Mike spend 1.8 million dollars with interest 2.16 million dollars on the HPBS technology. A mere 60 million shares of dilution. Where is the original machine located and operating again?
Call Mike, how many times have we heard that battle cry? If I remember there was a little discrepancy with the facts of your last phone call and the 10K. As the head of a publicly traded company he can not divulge any material info to me or anyone for that matter. There have been no news worth developments in the last 7 years, as its has been one PR penny pump after another, and yet here we are still fishing for business ideas.
Its not about being happy or unhappy. This story has been the same for the last 7 years. My posts simply counter the nonsense posted here about tteg. Longs can't speak on facts only rainbows. Why does Phyllis make so much money again?
Not painting anything just simply reading the 10Q. So where are they going to come up with the 1.8 million? By diluting your shares. The money they had in the asset column as "under construction" can now be put under the "question mark" column as it maybe gone. And the only, and I stress only shot they have is buying someone else's technology. And as of the last report is now 20% more expensive. So I ask you again, if it is so good why is the good doctor creating a shell company to sell it to tteg? Does the HPBS even work? If so where is it currently located and running?
As a share holder I would be very interested in that fact.
The truck engine is laughable at this point can we all just stop preventing that they are actually even close to anything. My jeep from 1947 produces the same amount of horsepower as the 6 generation prototype.
This company has an extremely generous estimated asset value of about 70k, with no current business plan, no salable products, no cash, and the prospects for even more debt and or greater dilution and yet sports a 10 million dollar market cap.
Why has Phyllis Rouse made so much money over the years, what does she do exactly for TTEG?
One more question why doesn't global media or any of the penny letters update their coverage on TTEG as there has been a ton of new developments that are all negative. Everyone of their claims has been proven not to be true. Could this be a scam? The last 7 years have been stealer and I'm sure Bill Fields is on board.
$TTEG 10 Q Time for some laughs!
On May 28, 2013, the Company entered into Lease Agreement dated with Fujian Xinchang Leather Company Limited, a Chinese company ("Fujian"), whose address is Jinjiang City, Fujian, China Ying Lin Zhenxin Chang Industrial Park (the "Plant") for the lease of a Hydrogen boiler combustion equipment system (the "Equipment") to be installed at their Plant. The Unit price for the Equipment is RMB 4,800,000 Yuan (approximately $800,000 US). The term of the Lease is seven
(7) years, and renews on an annual basis if not terminated. Once installation and proven energy efficiency are established, Fujian will post the performance bond of RMB 1 million Yuan and rental payments shall commence, and be paid monthly thereafter. Any termination of the Lease within the first six (6) years will entitle TTE to confiscate the entire performance bond.
On June 28, 2012, the Company entered into a joint venture with Energy Technology Services Co., Ltd., ("ETS"), a Taiwan corporation, for the manufacture, distribution, leasing/sale, installation and maintenance of ETS's Hydrogen Generator Burning Systems. Under the final structure of the joint venture, the Company is the managing partner and ETS is the operational partner and managing agent in Asia for all business conducted on behalf of the joint venture. All revenue and contracts from the joint venture will be booked by Turbine Truck Engines with a 50/50 sharing of net profit between the Company and ETS after "reasonable expenses". The Company will purchase and own all assets, leases and contracts generated by the joint venture.
On July 30, 2013, the Company signed an Agreement with 2367416 Ontario, Inc., a Canadian company ("236"), whereby 236 agrees to provide financing to the Company in the initial sum of CAN $450,000 and a maximum of CAN $10,000,000 in accordance with the terms of the Agreement. The financing to be provided is to be funded in tranches, and will have terms between three (3) and five (5) years, with each tranche being separately negotiated. As a part of the loan costs, 236 shall be issued restricted common stock equal to the issued and outstanding common shares of the Company at the time of the initial advance, with such shares being subject to a Lock Up/Leak Out Agreement to be negotiated between the parties. These shares are considered an additional cost in obtaining the financing and the value of these shares at the commitment date is recorded as a contra equity and amortized over five years.
A total of CAN $300,000 was advanced under the Loan Agreement with 2367416 Ontario, Inc, and was delivered to ETS, as the initial payment on the first machine to be delivered under a purchase order agreement for a Hydrogen Production Burner System (HPBS). Despite positive initial reports from ETS during the manufacturing of the Equipment, they did not deliver the machine as promised under the Agreement. The Company has declared ETS to be in default and the Company has asked to be refunded as per the purchase order agreement the Company has received CAN 50,000 and are in negotiations to receive the CAN 250,000 plus interest owed. On 4/13/14 the Company filed a criminal complaint with the DA office in Taipei Taiwan charging ETS and its principles of alleged fraud.
The Company is now in final negotiations directly with the Inventor, Dr. Chang and his new Company ZHENG YU CO. (ZYC), to provide us with the equipment necessary to fulfill our business plan. ZYC has agreed to sell us the rights to the technology for $1.8 million US for the H2 generator upon the completion and certification of the generator. We are currently working to formalize this agreement and expect to do so in the second quarter of 2014.
The Company is continuing its pursuit of additional joint ventures and distributorship relationships to facilitate the expansion of this business line.
DETONATION CYCLE GAS TURBINE ENGINE (DCGT)
We are continuing to work on the commercialization of our Detonation Cycle Gas Turbine Engine ("DCGT") technology. The licensor of the acquired technology has passed the research and development phase and has designed a working prototype. We need to redesign an engine for our application based on this proven Core Technology. We are relying on AbM Engineering in collaboration with AMEC to design, construct and test a 540 horsepower engine prototype for our licensed application. In July 2002, we acquired the license for the DCGT technology for the manufacture and marketing of heavy-duty highway truck engine.
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.
Few things;
now tteg is crying fraud thats rich
Now that the contract is broken so are all the million dollar revenue pipe dreams
The price on the H2 has gone from 1.5 million to 1.8 million
A new shell ZYC has been formed
They haven't worked on the DCGT for years, and it needs to be rebuilt yet theres lots of interest over CAFE standards….sure there is
They issued 8 million more shares during the period when the stock was running its hottest
Where's Bill Fields?
More 10k head scratchery
The 10k shows 285,799.00 under the assets column as 'under construction' but how does one show that….
"Despite positive initial reports from ETS during the manufacturing of the Equipment, they did not deliver the machine as promised under the Agreement. The Company has declared ETS to be in default of their obligations and is currently negotiating with ETS for the refund of the CAD$300,000 advance which is expected to be refunded by December 31, 2014."
expected to be refunded?
How much you want to bet it doesn't get refunded. Back that out they have 72k in assets yet sport a 9 million dollar market cap
They are also lease a 55 acre site for 2000 a month in florida but what are they doing at that site? No R&D going on
Not short.
More from lunacy from the 10k
"The Company has identified seven (7) major engine manufacturers, including Ford, Caterpillar, Cummins, Detroit Diesel, Mack Trucks, Navistar International and Volvo Truck that each manufacture heavy duty truck engines, both gasoline and diesel, which are likely to be the major competitors to our company as to the DCGT Engine, once our product is ready for market. To the Company’s knowledge, at this time, none of the Company’s major competitors are working on the development of a turbine engine that would be in direct competition to the Company’s engine, and although we would be competing with them for customers, the Company believes that the technological differences between its product and those that are currently on the market, will provide the Company with a market niche that it can expand upon, even in the face of such established competitors."
Thats like saying Im a direct competitor of Lebron James, just up until I actually have to go on to the court
We will not require governmental approval until such time as the engine is placed in use. Our engine will meet the new more stringent emission requirements set forth by the Environmental Protection Agency (“EPA”).
Through testing, we hope to be able to comply with existing and future environmental laws. We intend to supply our fuel efficient, lower emission engine to a marketplace that must comply with more stringent governmental regulations. In each of the last two years, the Company has spent $0 (2013) and $0 (2012) on research and development.
Alpha has developed six working prototypes over the course of the last 20 years, culminating in the development of the 6th generation prototype engine , which consists of two 7-inch, 8-pound turbine wheels mounted on a single shaft, driven by 4 horizontally opposed combustion chambers producing an estimated 70 horsepower at 20,000 rpm.
Your kidding me the average OTR truck has a 400 to 500 hp engine. What year will they produce a 400 hp engine and how big will the turbine wheels have to be?
This currently has a 9.4 million dollar market cap
"I talked to Mike last week, and he told me the Hydrogen generator is still in testing.Part of the testing is a duration test which takes 10 days running nonstop. 3/4 of the way through the duration test there was a misfire that caused the generator to shut down.Nothing major just a bug that needs to be worked out. But now they have to start the duration test over.It probably will be the end of the month before the generator is ready to ship to China, that is my guess not Mike's.IMO once the generator is installed and certified this stock is going to take off.We just need to be patient, as with any new technology the bugs need to be worked out.And TTEG is working on it.Once it is proven everybody will want one.This technology is a World game changer. 1/14/14"
So who was mis-speaking?
Just rereading the 10k look like they issued 15 million shares in Nov. and Dec. 2013 @ about .005
Pretty fantastic rip in Feb to sell into. There are no restrictions on those shares sold and @ average of .04 could net 500,000 thousand dollars. Not to shabby. A guy could get rich doing that.
So where is the original HPBS actually housed and running?
Unhappy? No not really, but ever notice how there is never a serious discussion about TTEG here. Why is that? Have you talked to Michael lately? Care to revise your statement about the HPBS having only a minor break down? When longs can't counter any relevant facts that point to this being a con they tell the people to leave.
You are right it rallied on the backs of 3 penny letters, an initiated coverage by a no name media company out of Belize, and fluff PR after fluff PR. All in a build up to the delivery of the HPBS. The million dollar contract trumpets were silenced after ETS was unable to build it.
The fact that ETS couldn't deliver doesn't raise a flag? not to worry…..."HUE has agreed verbally to sell us the rights to the technology for 1.5 million US for the H2 generator upon the completion and certification of the generator."
Complete and certification of the generator? Who is building it? who is certifying it?
Why isn't HUE taking over the world with this technology if its so great? Why are they selling it to Rouse? It hasn't even been certified to work yet and they are selling it, and Rouse is buying it. What happened to the DCGT, and truck engine replacement market that they were going to corner? Didn't see much in the 10k about its development, which doesn't really reflect what they are selling on their website. Deceptive much? They tout a technology they aren't even working on any more and are busy scrambling to buy another thats not yet proven.
Amazing technology?
Publicly traded since 2007 and "As of December 31, 2013, we had an accumulated deficit of $18,419,080" par 10k
How much is a "little" toxic debt? The PR left out that little detail.
2007 IPO stock price 2.00=================>2014 stock price 0.025 cents
Only 107,000,000 million share in the float? doesn't really matter, as they don't have a business plan at the moment because of the failure to deliver, pretty much ended the million dollar contract fantasy. There could be 107 shares, they are dead in the water at 20 % interest as they have no salable products
So now you wait for Q2 to see if Michael will buy the H2 for 1.5 million @ 20 % interest which is 300k.
Then they have to build it.
And as for their salaries, on average they are not 'miniscule' for basically producing nothing of value for stock holders
Still like paying Phyllis 137,086.80 a year? Thats what her salary has been for the last 5 years, what does she do again?
Mike brought home 206,285.60 a year for the last five.
The good news for stock holders is that there is little room left in the stock price for this shell game to continue much longer
No, I am not confusing anything. Michael working on a technology for a long time doesn't make him legit. Has anything that Rouse has done improved stock holder value? Has Rouse ever come out against the pumping by the penny news letters or the fake coverages? Who benefits the most? Rouse does. Has Rouse ever once told share holders in a straight fashion that projects like the DCGT or the H2 have stalled or failed? or does he bury them in the annual reports? Are there multiple PR's and JV's that lead to nothing or are completely irrelevant like the latest releases on Bill Fields or CAFE standards and the DCGT. In the last 5 years Michael Rouse brought home 1,031,428.00 dollars in compensation. Phyllis Rouse brought home 685,434 dollars in compensation. So seeing as they have no salable products how do they get the money to pay such handsome salaries? They either sell shares or they take on debt and then sell shares. So as things stand now, share holders are financing any salary these two make at @ 20 % interest!
One last question
Why does Phyllis make so much money? What does she do to earn 200k plus in some years?
Its comical! The 10k hasn't been mentioned by any of the longs. A fantastic(?) technology that still hasn't been proven or delivered. How is 2014 going to be a great year? They don't have any salable products! They won't announce until the 2nd quarter if they are going to buy the boondoggle technology. Then how long do you think it will be before they can build one? Who is building it? Oh yea and this is all financed at 20% interest. The share price will be manipulated because it has to be or else 236 looses. So sit back and watch the nonsense PR's roll in, the arm wavers will get giddy but nothing will change. The slightest amount of DD would reveal that after nearly 10 years as a publicly traded entity there really isn't much going on at TTEG...
Zero volume. 420 dollars or 15k shares traded. The 3 month average is 430k shares. Volume & share price drop due to the failure to deliver the HPBS.
Why? "TTEG is one of my favorite penny stocks and management is super legit" Super legit by stuffing the 10K with the bad news and releasing fluff PR's about nothing? You also hope they rack up some overseas sales, but with what? The DCTG is dead in the water, and the H2 wasn't delivered by ETS. So where would these sales come from? They have nothing to sell. So at best Rouse announces he will buy the H2 in the second quarter, then you wait for that deal to close(dilution), TTEG takes ownership of the technology, then has to build it or contract someone(more dilution) to as TTEG doesn't have the ability to do so. So expect more fluff and JV's. I'm sure Global Media or Extreme Picks will uncover this with their hard-hitting DD. Or maybe they will just crow about news coming or a thin ask.
Tweetisphere is heating back up! BOOMAGE... Extreme picks completely ignores the delivery failure of the HPBS and is pumping it again as they are on the watch for news! Really what the 10k wasn't enough?
Why doesn't anyone actively pumping this address it? TTEG's current valuation is 8.31 million which is laughable seeing they have no cash and no salable products. They will need to dilute stock holders to the tune of 50 million shares to buy the H2 technology. A technology that has not been proven and amplified by the recent failure to deliver by ETS. Where is Bill Fields when you need him?
why not talk about the 10k which showed a failure to deliver the H2?
looks like .03 cent to me.
Shocked at your lack of honesty in telling the real story here