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I believe he would have had to file some paperwork saying he was buying shares.
To each his own. For the record I said "I" would give him the benefit of the doubt. Not implying others would do the same. You are right about the 90% of penny stock CEOS.
No word as of yet, I have been busy elsewhere the last week. Sent an email to CEO tonight. Will call again tomorrow.
Yep I see your point. Dont have to really about the O/S. 75 mil more and its maxed. Believe me, I have been staying on him in every email to address the float. Each time he tells me there is no reason to worry. He has been really straight forward with me in every response so I will give him the benefit of the doubt here until I see otherwise.
I am curious as to what this paragraph will mean for shareholders. Sounds big:
In 2009, the Company began aggressively seeking acquisition prospects to fulfill the Company’s
new purpose. On December 3, 2009, Tytan Holdings, Inc. completed acquisition of Tytan
International, Inc., a tractor Company with exclusive manufacturing agreements in China. With
the recent explosion of the Chinese Automobile Industry, there has been a huge boom in tractor
production quality. The Company intends to capitalize on this development by introducing a
new line of products not yet seen in the U.S. or Canada. Tytan expects this high quality
equipment to be extremely competitive with what is currently available to the North American
consumer of small tractors and implements
The info on the SS is very clear in the annual report:
No past, pending, or
anticipated stock splits, stock dividends, recapitalization, mergers, acquisitions, spin-offs, or
reorganizations are planned.
You got it. Things will really start rolling her very soon. Just a little more patience
I take it as he is not concerned with it so we shouldnt be either.
The website could use some improvement. I will address this issue in next weeks email.
Here is Mark's reply to my email today.
> Hey Mark,
>
> That revised annual report looks great. I can clearly see Tytan is making great strides toward a bigger and brighter future. Some of the information enclosed in the report does raise some questions. If you could take a little time to clear those up, that would be awesome.
>
> 1. Regarding patent 6,518,209. It states in the annual report that Tytan purchased the patent in Feb of 2010. My question is, did Tytan purchase the actual patent or just the right to use it?
We own it !
>
> 2. The majority of stockholders in my group are still concerned with the Share Structure. They would like to see something put out that confirms the SS as of May 1st, 2011. I did notice in the annual report that there aren't any plans for stock splits, recapitalization or reorganizations. This is good news but it also raises some concern. I see that all of the preferred shares have been issued and can be converted into common stock at a ratio to 400:1. With the authorized shares being at 1.5 billion and the outstanding shares being at 1.4 billion, that doesnt seem to leave enough shares available if someone were to convert those preferred shares. The only solution I can see to this problem, if it were to arise, would be an increase in A/S, which would only further cause the PPS to decline. Can you comment on this?
My advise is for the worry warts, is to move on. They only bring more worry, which stunts support and growth.
>
>
> 3. When can we expect revenues to start increasing again? Can we expect good numbers this year?
We will start getting our new goods in shortly that should fire the engines. Sales have gotten better with spring. Wished it would sunshine for 2 months straight.
>
> 4. In the radio interview you did a few weeks ago you mentioned the company was going to begin a schedule of releasing PR's every two weeks. When do you foresee putting that schedule into action? Since we havent seen a PR since April 7, 2011 , there has been a lot of discussion on whether or not you intend to stick to this.
I run a company dedicated to getting things done. Many stock holders do not reallize the time or work it takes to get things done. We have some immediate hurdles to jump and when done, we will be on a schedule. Those that want to try and out guess what I have said I will do with negatives, will be sadly mistaken. There is a saying in business, " a man is who he is by age 35" Anotherwards you do what you say you will do or not. You are an achiever or not. You are a winner or not. There is no in between. The stockholders will have there chance to see & make up their mind on this, this year.
>
>
> Thank you in advance for addressing these concerns.
Regarding Tytn shareholders.:
If u have questions or concerns regarding Tytan
Holdings you would like to have forwarded to Mark Leonard
feel free to email them to me at gurgie420@yahoo.com or send them
to me via PM.
Wow, loved the revised annual report. This one was done more professionally and is much more informative. Tytan is surely getting all their ducks in a row for something big. I can honestly say I am extremely excited about the opportunity that exists here.
It appears the market isnt liking the news.
Well, it is Wednesday. What were you going to tell us you told us so about?
Since Tytans inception in 2003 there have only been 2 complaints filed with the BBB. I dont call that problems. I bet those are the same two complaints you paid people to post against tytan. The litigation, judgements, etc have nothing to do with buying a tytan tractor.
BTW, where is that list of former Tytan dealers you were going to put together for us.
And you still havent answered my question on why you blacked out the garnishees name on the writ of garnishment. Something to hide?
You mean your compilation of BULLPUCKEY!!!!!
I find it humorous you have blacked out the garnishees name. I wonder why. Maybe because it is you. You are not foolin anyone.
For starters he sued you for defamation.
I always ask myself the saame question. It is just plain stupid if you ask me, Its like owning a store and even though people have been happily paying 2.99 for a hot dog, you decide to drop the price to 2.50. Doesnt make sense to me.
I dont see a filing anywhere, how did they lose the "E"?
May I ask how you can guarantee it?
CJ is only speculating on that PR. Yes we know Mark said they would try to have a PR out every two weeks. The KEY WORD there was TRY. Mark is building this company from the ground up. He has been very busy lately with the FDIC, new shipment of inventory coming in ( the Minis) and he is supposed to be going to China.
Im sure when information is ready to be released, it will be released. Mark's PRs usually contain a lot of substance, he doesnt release fluff like most pinks. If you want fluff, go elsewhere.
Good luck with that.
It wasnt a job offer. What he meant by it was that so many shareholders email him, he would prefer only one speak for a group and then relay that information to everyone else. i am more than willing to do this. My interest here is purely from a business standpoint. I do not try to pump the stock up nor do i bash it. I try to stick with the facts. I am heading to kalama here soon just to get a hands on feel of the entire operation.
I am on it. I have let Mark know i will be emailing him weekly( on Mondays) with shareholder questions and concerns. Now understand he wont be able to divulge "inside information" to me, but he will do his best to address concerns and give updates where he can. I have stressed the importance of releasing information such as SS, attorney, FDIC, etc in a shareholder update. You can send your questions and/or concerns for Mark to me at gurgie420@yahoo.com by Sunday night and I will pass them on in my weekly emails to Mark.
You can also send them to me via PM here on Ihub.
I will be emailing Mark on a weekly basis on Monday mornings, if you have any questions for Mark you would like for me to include you can send them to me at gurgie420@yahoo.com by Sunday night.
Here is the last email I recieved from Mark:
Stephen,
We cannot spend our days on Ihub answering Mitch. Do your home work on the guy. He has been in 3 harrassment cases & many problems. Does he seem normal spending his entire day on Ihub bashing me. The Judge already mentioned he was deceptive and does'nt disclose the truth. What you are bringing up is all his constant battle to keep things alive. The Judgement against Bogden is rock solid. We owe on a Operating loan that was not renewed when the bank was going down. The Bank went down after calling the note & getting a Judgement. The Judgement is against me personally. Not Tytan. We are making payments on the loan and are seeking a competitive loan to replace it. We are a victim of the horrible banking Industry. We never failed to make a payment in all the years we were with that bank or the start of the Corp in 1984. The FDIC is working with us. Those are the facts.
Transfer agents are Governed by law, same as Title companies. They cannot give you what they are not allowed to by law. Running a business like ours is not a morning and afternoon business like it is with many Pink sheets investors. It takes 90 days to get products in after they are ordered. Our business is planning and strategy. Having a good game plan. You will not see results from us over night. I would welcome the Stockholders organizing and getting one representative coming to work daily with me and reporting back where he thinks the company is going. We are moving very fast. If any one thing can be accomplished quicker then we are doing it, I would be amazed. I have had five very successful businesses. I am good at getting results.
And each time I have built a business from the ground up, people come up to me and say "who gave you this company?". It came from working 10-12 hours a day , 6 days a week.
Mark
Dont you worry, Im sure we will get along just fine without you.
I have to put it off until after May 15th. I am staying pretty busy with my own business right now and i cant get away. I will tell you I feel much more comfortable with my position here after exchanging several emails with Mark yesterday. I do still want to see the operation first hand, so it is on my to do list. Just a matter of getting the time. In his last email to me Mark stated:
Mark Leonard
to me
show details 9:05 PM (12 hours ago)
We will be looking back in 3-4 months with a new outlook.
Some of you may not have the patience to hold this long, but I think in 6 months those who did will be happy. What we are seeing right now is the result of a company growing on its own. They are not using Miracle-grow (promotional companies) to boost the stock price. Mark has previously built 5 successful companies from the ground up. Tytan will be his 6th success. If you guys are in this stock for a fast return, you are in the wrong place. There are plenty of pump and dumps out there that would better suit your trading needs. This company needs room and time to grow and the stock price will follow right along with it.
With the majority of OTC companies, increasing the A/S usually turns out to be bad for the company. I just dont see that being the case here. Company is growing at a fast clip. I believe the additional shares will be used in the best interest of both the shareholders and the company. I also believe the reverse split will only be utilized if things dont go as planned. Of course I could be wrong, but thats why it is an opinion.
That is already old news.
I will say Tractor, you get an A+ for effort.
Heres another:
davida
Join Date: Jan 2008
Location: new mexico
TractorPoint Premium Member -- 5 Tractors = Very Frequent Poster
Posts: 5
4 Filter by User
Tytan Tractor Revew
I bought a tytan tractor 4 months ago and it has been the best tractor I have ever owned. I took my 334 tytan and put it to the test. I put my bush hog on it and went out into a grown over black berry feild it never boged down and tore it up for five days straight. If you want the best tractor buy a tytan it is the best tractor. I've owned a john deer, and a kubota and they were both good tractors but I'll never buy anything but a tytan!
Here are a couple:
by Grumpy Grocer
03/29/2011
I can't say enough good about Tytan products. They have bent over
backwards making a few issues I had on one of the first 504's they sold.
I know newer ones are also fixed as a result. There are none better for
the $ anywhere.
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Comment on Review
by james
03/28/2011
The tractors are built just fine. There seams to have been a lawsuit out that was settled in Tytans favor. It seams someone has been defaming Tytan. I believe some of the negitive post here are from that person. As you can tell by some post here, Tytan works with thier customers when they have a problem
I was wondering the same thing today. Maybe someone sold at market so mm dropped the price real quick.
Yes, and did you read why they were adding them? Probably not so let me go fetch it for ya:
The Company has funded a large part of our working capital needs from the sale of securities, including the sale of convertible promissory notes and warrants. We currently are authorized to issue up to 200,000,000 shares of common stock, and 50,000,000 of preferred stock. However, as of March 31, 2011, we already had issued and outstanding a total of 188,143,368 shares of common stock and would like to effect a proportional amount of preferred stock to successfully execute our business strategy in raising additional investment capital. In addition, we also have convertible promissory notes and common stock purchase warrants outstanding. If these convertible promissory notes are converted, approximately 260,000,000 additional shares of common stock would be issued to the noteholders. In addition if the warrants are exercised, approximately 118,000,000 additional shares of common stock would be issued to the warrant-holders. Accordingly, if the maximum number of shares are issued upon the conversion of currently outstanding promissory notes and upon the exercise of currently issued and outstanding warrants, we would exceeded the shares of common stock left for future issuances.
The purpose of the increase in the number of authorized shares of common stock is to make additional shares of capital stock available for issuance by our company as the Board deems appropriate or necessary. As we have previously publicly disclosed, based upon our currently available funds, we will have to obtain additional financing in order to fund our ongoing business and operations and meet our working capital needs. We currently anticipate that we will seek to raise additional capital through the sale of additional shares of common stock, preferred stock or securities convertible into common stock. Furthermore, additional and newly authorized shares may be needed in the future in connection with possible acquisitions of other companies, businesses or assets, or in connection with establishing strategic partnerships or other business relationships, or for other corporate purposes.
Well, we all know what happened between tractorco and tytan. tractorco lost a lawsuit to tytan. Anything on this site against tytan is most certainly biased.
show me somewhere else besides TRACTORCO that has negative comments about tytan. If you could I sure would appreciate it, because I cant find any.
Well first of all the R/S isnt set in stone. No one ever said they were going to do one for sure.
The Board of Directors, believing it to be in the best interests of the Company, approved the proposal to have the discretionary authority to implement the Amendment to our Certificate of Incorporation (assuming approval of the Shareholder amendment will be to our Articles of Incorporation) to effect a reverse stock split of common stock at any time prior to next year’s annual meeting of stockholders at a reverse split ratio in the range of between 1-for-2 and 1-for-30 (the “Reverse Stock Split”), which specific ratio will be determined by our Board of Directors.
The Company has funded a large part of our working capital needs from the sale of securities, including the sale of convertible promissory notes and warrants. We currently are authorized to issue up to 200,000,000 shares of common stock, and 50,000,000 of preferred stock. However, as of March 31, 2011, we already had issued and outstanding a total of 188,143,368 shares of common stock and would like to effect a proportional amount of preferred stock to successfully execute our business strategy in raising additional investment capital. In addition, we also have convertible promissory notes and common stock purchase warrants outstanding. If these convertible promissory notes are converted, approximately 260,000,000 additional shares of common stock would be issued to the noteholders. In addition if the warrants are exercised, approximately 118,000,000 additional shares of common stock would be issued to the warrant-holders. Accordingly, if the maximum number of shares are issued upon the conversion of currently outstanding promissory notes and upon the exercise of currently issued and outstanding warrants, we would exceeded the shares of common stock left for future issuances.
They really cant dilute much more. The A/S is almost maxed. The increase in A/S hasnt taken effect yet. Dont think it will until after May 2.
This Information Statement is being first sent or given to security holders on or about May 2, 2011.
Yup, insanely low indeed. We have to wait until the next quarterly report comes out to see if The A/S has increased. If it has we know what is going on. Time will surely tell.