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I’ve been watching the progress in real time for years. There has been almost none. Wake me up when this app actually starts adding users that aren’t $TTCM holders.
1) COO is a paid penny stock promoter.
2) Aasim was on the board after being convicted of securities fraud.
) CEO was (is?) on the board of a company that was suspended by the SEC.
It really doesn’t get much worse than this.
Looks like you’re getting diluted into oblivion.
I believe ARknet still uses the AR developer toolkits provided by Apple and Google for their operating systems. It’s just software that any app developer can use.
Could you explain to me how creating low-budget copies of features already offered by numerous other companies is “moving forward in a high tech fashion”? In fact, I can’t really think of one “vertical” that isn’t a copy of something else. Maybe eternals although I’ve seen some similar things before.
I’m starting to think that the people on Telegram have never actually used another app before.
I would say that $2 million in advertising for a $30 million company qualifies as “highly promoted”
Friday was an attempt by DLM to soothe investors by giving them an update on yet another feature that won’t generate revenue of increase users.
And it obviously worked. Looks like everyone on Telegram is really excited and have completely forgotten about the share price for now.
Does anyone want to put their money where their mouth is and make any real predictions about XAR? Revenue generated? Whether DLM will begin disclosing active users? How Tautachrome will actually use it to make money?
Every time investors get mildly frustrated with this company, DLM dangles a demo of a pointless new feature in front of them and they’re suddenly satisfied for another few weeks. It’s really sad. The fundamentals have continued to deteriorate for years, but investors are suddenly blinded to this fact by the prospect of the addition of another cheap feature. I’ve never seen a group so easily distracted and deceived.
Digital Chuck E Cheese token holder. Not much potential.
DLM has received money in the past to promote this stock. It appears that he has also received money in the past to promote several other stocks. It appears several of those companies have been delisted. He’s a penny stock promoter that only took over for Jon because Jon was tired of running the ruse by himself and wanted to retire. Jon gets a cushy retirement from selling convertible debt to Tautachrome. DLM gets an easy job pretending to run a serious company. Shareholders get their money taken.
DLM has been paid to promote this company to his followers. It appears Tautachrome wasn’t the first company to compensate him in exchange for promoting its shares. That, by definition, makes him a paid promoter.
Nobody is fooled by the word games like saying he was paid for “investor relations services”. Those services consisted of stock promotion.
It’s incredible that $TTCM investors will get upset about a spelling error but not about being misled about this company for the last few years. Where are all the Main St. stores? Where is the $50 million? Why didn’t the First American partnership work? What happened to the Boston University research agreement? Why is a penny stock promoter running this company? These are the real issues that should upset longs. I guess these issues are too abstract for them.
Where’s the $50 million? That PR was like seven months ago at this point.
Because it’s not about the product. It never has been. It’s always been about selling more shares so DLM, Jon, Jordan and their minions can keep getting paid.
“It’s about growing our shareholder base”
Ok, why do you need to grow your shareholder base when you said just a few months ago that ARknet would be raising funds? Maybe it’s because that press release was a lie.
Yeah that’s usually how fiscal years work. Thanks for the insight.
Maybe if we go on Telegram and stroke DLM’s ego he will reassure us that everything will be ok.
That’s the same excuse I’ve been hearing for years. It never will be a finished product. It will always be under development, so that people like you will continue to believe in this company. It doesn’t take a year to set up an e-commerce site. Everyone besides $TTCM bulls knows this.
There’s no point in asking questions on Telegram. DLM never actually answers any questions. It’s just a place for rubes to keep posting the same 3D models and pretending to be impressed.
Your last paragraph was really important. Almost anyone who has any contact with Aasim can tell he’s lying. It’s so easy. His claims are wild and, when pressed further, he always defends himself with unhinged rants about the need for secrecy. So why did DLM and Job lend him that money? Are DLM and Jon really that stupid? Maybe. DLM obviously isn’t very bright, but I think he still should’ve recognized that Aasim was a fraud. So why didn’t he?
People continue investing because they have the delusion that the app will improve.
I could turn the question around and ask you: If there’s been so much progress, why is it that only a few old people on Telegram are noticing? Why hasn’t the wider investment community noticed? Why haven’t any larger investors noticed? Why haven’t any companies that could provide a source of financing that isn’t toxic convertible debt noticed? Why haven’t potential customers noticed? Main St has been marketed for a year now.
It’s still barely usable. Even the Telegram users admit it. The ONLY people who like the app are people who only like it because they’ve invested in the company. Zero interest from people outside of the Telegram echo chamber.
$2 million to market the stock to new investors. Without a continuous supply of rubes to buy all the newly issued shares, Tautachrome collapses.
I’ll give you a hint. A lot of it is in the related party transactions footnote. That’s a good place to start.
The evidence is in the SEC filings. Highly encourage you to read them.
DLM and Jon gave Aasim a free pass. He stole $150k and was able to resign without admitting any fault and without repaying the money. Why? Because DLM and Jon make money regardless via licensing fees and selling convertible debt to Tautachrome. This is what I’m talking about when I say that their compensation scheme creates bad incentives. They have no incentive to care that your money was stolen.
The people asking questions about the app and Aasim stealing their money are being ignored while everyone posts the same stupid 3D models that they’ve been posting for a year now. Incredible.
Next, they’re going to get rid of the value of your shares by issuing more and more of them to fund an app that will continue to lose money.
Very hard to prove and very easy to avoid that regulation. Tautachrome would just argue that DLM was providing investor relations services.
The words fraud and scam don’t imply illegality. They imply that DLM, Jon and their minions are not fairly representing this company, it’s products and the likelihood of success in order to benefit themselves. None of this is necessarily illegal.
Now we have a number of people here with a long history of either doing things that are outright illegal (like Aasim) or misleading investors. Those are facts. Really weird that people believe that all these scammers just suddenly decided to stop.
Aasim is a fraudster. Court documents prove it.
DLM is a paid promoter. You can go on OTCMarkets and find him listed on their OTCQB Certification from a few years ago.
Jon has a long history of failed business endeavors. Again you can Google the names of his companies and the ones with addresses the same as his house.
The Nugents are still major shareholders. That articles provides all the details you need to know that they’re fraudsters.
We have a mountain of evidence.
What evidence would be sufficient for you? We’ve provided mountains of it. Would you believe a statement written and signed by DLM himself stating that this is a scam? We have a paid penny stock promoter, a known conman and a man convicted of securities fraud all involved here. Red flags everywhere.
They all look like greasy used car salesmen.
Sure. The only problem is that nobody will accept any of those reasons. I’ve discussed:
1. Related party transactions, including the ridiculous licensing agreement and DLM and Jon profiting from selling convertible debt to Tautachrome.
2. Press releases that have no commercial basis.
3. The lack of a business model. Their plans change several times a year. It’s unclear how anything ever gets monetized. Their business model seems to be “whatever shareholders are excited about at the moment.”
4. Zero willingness by DLM or anyone else to submit to any objective measurement of performance. Real companies measure performance is specific ways. No discussion of revenues and users. Only about app updates, interviews and “partnerships”. Nothing ever seems to come from the latter.
5. The lack of interest from sophisticated investors/insiders. If Tautachrome were valuable, why won’t private equity touch it? Why did Jordan buy Honeycomb instead? Why doesn’t DLM ever buy commons?
The list of red flags just goes on and on. It’s the same list as every other scam penny stock, but $TTCM bulls want me to believer (with no evidence!) that Tautachrome is different for some reason.
You’re always asking for proof that it is a scam. Maybe I should ask you to prove that it’s not a scam. It has all the signs of being a scam, so I think the burden of proof is on the people who claim that it is a legitimate company.
If you’re fine with DLM giving your money away to fraudsters, that’s fine. I don’t think many other shareholders would agree with you though…
DLM did do something wrong. He loaned $150k to a guy who has been convicted of securities fraud.
What do you mean “if he doesn’t come through”? He didn’t “come through”. He didn’t repay the loan when it came due. And Tautachrome has reason to believe that he won’t repay it. That’s why they reserved 100% of the amount against it. We don’t have to speculate. If you understand accounting, then you understand that what I’ve just said reflects the facts and circumstances here. I don’t know why we’re still making excuses for Aasim and DLM.
He didn’t “follow through”. That’s why they reserved 100% of the loan against it. We already did “hear from the company”. That’s what the 10-Q is.
What happened: He borrowed money and didn’t pay it back. Tautachrome wrote off 100% of the balance of the receivable. So there’s your “proper judgement”. That’s information is “directly from the company”. Case closed.