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Relax, here is "reality" at TTCM -
Dr. Jon, April 25, 2018:
"We think it is possible that the KLK currency coupled with the KlickZie imagery platform can grow a user population of a billion users in record time, which we expect would make KLK the world’s most popular cryptocurrency."
Thanks, this was twittered May 9th:
"Tautachrome will publish an update for shareholders sometime early next week."
I take that to mean Monday or Tuesday, as Wednesday is mid-week. Note that tomorrow, May 11 is within the post-RoadMap timeline, so 30 days to get the so-called app done.
Not sure, but TTCM twittered the following on March 12, 2018:
...development of KlickZie IOS & Android applications with the ability to capture basic imagery ownership has begun, we expect this step to be completed in approximately 60-90 days.
Non-carefully counting these days seems to put this non-RoadMap target at May 11, 2018 to June 10, 2018.
Appreciate your taking the time to post that and exhibit!
Latest tweet from TTCM dated 4/22/2018:
"Great weekly Friday meeting with Honeycomb Digital.. #KlickZie #Android and #IOS apps are making great progress in the way of API development and navigation improvements.. Still on schedule with no red flags or delays!"
I see life support for TTCM, in its current ICU...
Honeycomb Digital is reportedly developing the apps, and remains part of the "team." Honeycomb has listed on its website AVNET as one of its "clients."
AVNET is a monster and does computer security as well as anybody in the world. I'd suggest Honeycomb needs to mention to AVNET about 'ole Doc Leonard, and what he and they have been working on.
TTCM needs a Big Brother like AVNET, with contacts and $ pockets, and now. Just sayin'
Then what?
Reading from the Annual Report issued Apr 2nd:
"The development team that was formed, consists of individuals from the blockchain development company Kelecorix, Inc., and individuals from the image storage company Honeycomb Digital, LLC. The team is developing the software and architecture for the implementation of a simple KlickZie app that seek to implement the ownership properties of KlickZie imaging,..."
then the following?
"... which coupled with the blockchain-based ownership of KLK cryptotokens, could then be used to trade and license image ownership."
So, nothing essentially happens when the "simple KlickZie app" is implemented? This is now supposed to happen in May or June. But, only until the KLKs are in effect, defined as in use, is there "monetization" of the KlickZie products?
This is a longgggggggg-term investment, if TTCM survives the current lack of funding.
Yeah, but I doubt anyone with, or associated with TTCM, bothers to read this board.
For those that didn't see it, TTCM (Dr. Jon) twittered the following on Apr 6th:
"The Tautachrome team had a meeting with our Honeycomb Digital developers this afternoon and I am very happy to report that the release of the IOS and Android #KlickZie apps are still on schedule with no delays."
How about: after 90 days, "no future."
Trying to be objective, at least as much as possible while wanting this stock to soar, but...
The worse possible event is now encircling this "company." That is, technology. It doesn't stand still. Patents are great, but there is always another way, a better way, to make a widget.
Similarly, TTCM has no money, and no funds coming in, according to the latest financials.
TruPic is closing in right now; and inevitably others ARE going to satisfy this marketing niche, if TTCM can't get it done SOON. And they will reap the rewards, instead of TTCM.
TTCM just wasted so much of 2017, and then, contrary to promises, didn't put the web-app out on March 1st; and now won't until mid-2018, at best.
TTCM has little time left to do this, which, ironically, may be a good thing. As its a humane thing to put an ill animal out of its suffering...
Near Tucson, right?
Please tell me there isn't a golf club next door!
Seriously, if anyone is from around there, it would be great to have a stockholder go to this "office" and find out directly from the Doctor what his next step(s) are; what's happened to that celebrity director wannabe he was gushing over, etc., maybe take some pictures. We can supply a list of questions for you.
Does anyone live near the "HQ?"
This is the supposed address:
1846 E Innovation Park Dr
Oro Valley, AZ 85755, USA
And can drive by and see if anyone is there? Or, what is there?
We have no employees, so I guess the Dr. Jon does all the paperwork himself. Knock on the door, see if you can talk to the good Dr.
I know what you meant, but...
"Time to start getting exited"
Let's hope not.
Trying to respond, but not sure what your point is.
Are you saying DROPBOX out of San Francisco operated for 10 years without revenues? And that the people in charge were not financial types?
BTW, this was inserted into the PR dtd. 4-2-2018:
"The company has also begun developing patentable technology to apply our marking and crypto methods to the achievement of trustable audio files."
Oh great! This is why the R & D types don't run companies well. They are off to the next toy, before they have completed the existing stuff; so no revenues coming in, with the financials tanking, etc.
As one of the 575 existing stockholders, I vote my measly share-holdings for Dr. Jon to be Chairman, or Grand Poobah, or Bush Ranger, and let someone else run this shop before it folds. Which could be pretty soon, going by the financials. This company needs a hard-nosed, no nonsense, show-me-the-money kind of manager. Right now!
IMO
The latest financial tells a story...
...and it's not good. Two businesses shuttered; and now no intentions of expanding workspace (remember the previous statements about adding 20-30K sq ft. of space in AZ?). Lately, the "team" was all traveling to see this new BOD prospect, as a sign of desperation.
The web app still not completed. I really think they went to the crypto sale because the Dr. knows time is short...TTCM eating through funds...with no revenues.
It is past time to sound the alarm. Need a big brother, and a new CEO, me thinks.
Tech-wise, yes. Or, so we are told.
But, the lack of funding is getting dire. The crypto thing can be seen for what it was - a scheme. A "get-funding-quick" attempt to make up for the loss of a YEAR with the non-persuaded F50. But, the SEC said, "Oh, no you don't!"
Look at the latest financials, this company cannot last long without funding. It is worse than most think here.
Need a new CEO, well IMO.
10-K: The lawsuits are meaningless, IMO.
The real and immediate danger is there is no current funding and no evident potential funding. Without some outside help, quickly, this company soon bleeds to death. Outside help would be a partnership, a well financed board member, sale of patents, or something else. Sale of additional stock not viable.
This is looking bad. Very disappointing.
The article below can be found on Ihub wire today -
$550 Million in NEM Stolen From Coincheck Cannot Be Recovered
Don't know what it means going forward for us, hopefully nothing, but wasn't this kind of stuff not suppose to be able to happen, mathematically speaking...as in algorithms, et al.?
Thanks for the advice. I filed it.
What do you mean, "or what?"
Or, TTCM will continue to publicly look like it is a bumbling, lame, inept, promise-one-thing-achieve-something-less company of buffoons.
Creating a web app for a technological break-thru IS rocket science; adhering to the very timelines you yourself have established for doing so...is not.
And, for me and I'll wager for some others...it is not so much TTCM established RoadMap/timeframes and didn't achieve them. It's that little was said to the stockholders when Dr. Jon KNEW early on it wouldn't be able to meet those deadlines.
I have no problem with the company saying, "Look, we came across some unanticipated problems, we're working on them and here is what we are doing, etc." A candid review, including warts, is much accepted by stockholders, and appreciated, I think, as long as a solution is in sight. And unforeseen problems? That's business life in the tech world, isn't it?
Instead, have to pull teeth with emails, board comments, et al, to find out why the failures (which we still don't know), what's currently being done (we vaguely know), and on and on...
My reading of some of the comments on this board indicates some of us here have very different views on what constitutes "management integrity."
Wish we could watch the meeting next week...
...when the target entrepreneur, after listening to all the presentations, says, "Uh, so why isn't the web-app ready?" (Crickets chirping)
Anyway, a big enough name, if landed, will have a groupie following, and then maybe we can see a shot up in the share price. And, just as important, on a long-term basis, the start of some interest from institutional groups.
Can't see any downside to this effort.
(Better get that web app done and tested, TTCM!).
Pat - but you are MAYBE getting someone on this reckless Board that may have some business acumen. You have been right all along about where much of the problems have come from...the lack of business management.
Thanks, good to know...
well, thanks, sort of...
What you are describing is a possible violation of SEC Reg FD (circa 2000).
Even the use of the Twitter account to disclose what certainly seems to be material information is only conditionally permitted. I've looked at the site and have seen no initial disclosures to investors, as required under the revisions to Reg FD (circa 2013?). What would be the outcome if the SEC, already looking at TTCM's cryptos, reviews TTCM's investor info practices? Thrilled to have Pryor Cashman lawfirm, way overdue, but you have to actually use them to benefit.
Friend, I have little confidence TTCM is doing everything correctly, regulatory-wise, although, thank heavens, they are a "QB," which is more significant than many realize. Acct firms are a great check-up.
Once the web-app is accurately completed, that is IF of course, I have high hopes for the company's future. But, it is so frustrating to see the failures to accomplish RoadMap goals, on time. And, no accountability for those failures. And on and on...
Yeah, and I've noticed Dr. Jon has put material information on Twitter, too, that should be disclosed to all shareholders. Sad, he is so incompetent in general business matters, that he may be violating SEC investor security rules. A genius in his field, no doubt, after all, the inventor of "disappearing emails!"
Hope the SEC doesn't get any more investigative with TTCM, when they inevitably learn of this.
Recently, Dr. Jon promised to communicate to we stockholders every "two weeks or so"; I thought via PRs (anyone have that quote?).
Rested up now, hopefully, it would be good to hear from the Dr.:
* what was the full purpose of the trip to D,
* did he/they accomplish their mission,
* did anything else occur worthy of mention, and
* what is the status of the web-app?
Same thing for David and San Fran.
Maybe this could be via Twitter - and TIA
You know, please no extraordinary rumors unless there is a source link/article/reference attached. Appreciate almost all other kinds of comments.
The "release of trading functionality" from the RoadMap is due on "15 April, 2018." 25 days to go.
Is the zChain related to this?
hi barb has it.
This was the data before that explains the preferred holdings:
https://globenewswire.com/news-release/2016/10/27/883716/0/en/TAUTACHROME-Inc-Announces-Filing-of-its-Series-D-Preferred-Shares.html
Yes, especially the web-app and its timeline, as you have so often noted. You were right from months ago - no app, no company. That has been proven even more true with the entrance of the SEC.
Truly relieved Honeycomb Digital reportedly (by Dr. Jon) still in it.
I had input on this point below, in agreement. As you say:
"Be aware that there is the possibility of lawsuits, most likely class action involving the number of coins promised to different groups of shareholders at certain points on the timeline because of promises based on shares held and shares purchased by a date."
First, the crypto sale was stopped by the SEC. So, one of the few legal ways out of something ongoing, is if a third party takes you out of it. And, if, repeat if, the SEC subsequently passes regulations that do not permit the type of (token) bonuses for stockholders' level of holdings (like that proposed by TTCM), then TTCM will be out of its legal fix. Or IOWs, if legal authorities pass a law/regulation/etc that suddenly says you can't do something, your prior legal responsibilities to do those very things are generally null and void ("it's the law!")
Your second post in three years...WELCOME!
Let's be fair, take a look at the March 12th tweet -
(re-typing it here, hopefully not too many typos)
"update: The second statement of work with Honeycomb Digital was signed last week, development of the KlickZie IOS & Android application with the ability to capture basic imagery ownership has begun, we expect this step to be completed in approx 60-90 days"
Someone else will have to interpret what exactly is said above, but it seems to indicate the items that were to be completed by March 1st are being addressed. For me, I am relieved Dr. Jon is claiming Honeycomb is still in the picture (no pun intended!). There should be some confidence about their ability, at least based on Honeycomb's claimed clientele.
Glad some on here are happy with this tweet; personally, I think a 2 to 3 month delay to achieve step 1 is an admittance of failure. Something went wrong somewhere. But, again, real glad Honeycomb reportedly still involved, no chance without them, IMO.
That's very grand, Grand...
And, for me personally, I agree with your last 5 or so posts (probably all of them before those as well). And, since Aussiegirl publicly wrote a few days ago she agrees with EVERYTHING (her words) you write, it must be she agrees with the five or six items you just wrote that are CRITICAL of TTCM. And fair on your behalf, I would add.
Did you read that, Aussiegirl? Grand criticized TTCM today several times, and rightly so...What say you about that?
On another matter, the conference is an excellent forum for getting out the word about this techno-line. How can anyone doubt that part of it? There will be a "meet and greet" apparently, as I predicted, so Dr. Jon, if you are reading any of these posts, you better have an answer when you are possibly asked if the "simple" "prototype" "web-app" is accomplished. 12 days late as of today, BTW.
Dr. Jon had better...
...have things to say backed by tangible results. Because, if you've ever been to a conference of this sort, there is often a "meet and greet" event around the presentations. Someone is going to come up to him and ask, well I hope, did Tauta finally complete its web app, as he promised it would be completed by March 1st.
We are eleven days past the promised date. If he won't tell us other stock-owners, maybe he would be willing to divulge things to perfect strangers, who have no vested interest whatsoever in the company, unlike us.
Aussiegirl, how can you say Dr. Jon has integrity when he didn't tell us around March 1, and hasn't since, about the status of the web-app?
Why the big need for secrecy from his own stockholders? And, we still don't know if Honeycomb Digital is still working on it, or no longer is.
It is clear Dr. Jon is not thinking there is any regulatory compliance obstacles in TTCM's way.
Latest PR:
"The proposed offering will take place as soon as practicable upon effectiveness of a registration statement to be filed with the SEC."
IOWs, the crypto sale will proceed with just the future filing of a document.
That totally amazes me, having previously been in the regulatory enforcement process myself,...and hope I am wrong here.
Thanks for the article.
If TTCM thinks they can perform a crypto sales prior to being in compliance with likely new regulations promulgated by the SEC, think again. Entities have to be in compliance first, before doing ________ (fill in the blank), at least that has been the case in other financial markets for decades.
And, it has always been the case that the outside audit/CPA firm, if qualified for a new specialty review, has to review the company's reg setup and sign off on it. That means an audit has to be performed before any function takes place.
I hope I'm very wrong, but this looks like many expensive months before a crypto sale takes place. Unless there is a grandfather exemption, and that would be totally different from how the SEC has operated in past. JMHO.
Need a finished web-app, implemented, now more than ever.
Who's "we?"
Aussiegirl1 - "Time will tell if we are correct or not"
Dr. Leonard needs to resign as CEO.
He could/should remain in some other board oversight capacity, as he pretty much owns & controls the company. But consider these missed targets, as follows:
(1) a year wasted waiting on the Fortune 500 company (F50) to do something, which it never did;
(2) KLK token sales initial date delayed, then delayed again; and worse, negative and dangerous attention now established with the SEC, concurrent with these delays; and
(3) failure to achieve the implementation of the web-app and related systems by the date promised to investors of March 1, 2018. That date was set many months ago. Further, there is every reason to believe the web-app has not been successfully developed.
These failures are Dr. Jon's responsibility. There needs to be some accountability.
And what an insult to the stockholders that no PRs have come out since 1/29/2018, especially after today's newest failure.
Why?
Why would that affect anything? When the so-called RoadMap was prepared, it was many months ago, long before the week of January 15th, the original date(s) for the token sale. If there wasn't sufficient funding, that means Honeycomb has not been developing the web-app. We weren't told that, even though that would constitute a "material event," and is required to be reported.
Anyway, this day isn't over, I;m waiting until the day is out in Arizona time.