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Hey SmallCaps, is this company worth investing in?
Niko, DOWN BOY!
Look, it's over. Leopards don't change their spots. Ever heard that? All of your points are valid. But he is NOT going to do it. It's time to suck it up and move on for longs here. I have lost tons. But posting this over and over and bashing him is an "excercise in futility".
Sure, after the R/S, some can make some money flipping. But TYTN is NOT the long term investment that many thought it may be. And current shareholders are finished.
Mark is who he is. Now we know, right? A year ago, we did not. Now maybe folks won't go long this stock.
Sometimes life teaches you the hard way. Boy, did it.
Yes, it's too much to ask. There are just no positives left here to talk about or hope for. I was hoping he would finally come thru for loyal long shareholders, but it's just not gonna happen.
This is a hard lesson to learn. And will take some time to get over. It is what it is. And that is a sad situation for all of us who hold right now. Bashing ML ain't gonna help my financial situation. We have to accept the fact that Mark Leonard is who he is and he is NOT going to change. Most of us were just wrong about him, plain and simple.
Life can be cruel and deal ya blows. Just have to get back up. But man is it hard.
Take care all.....
Iso
Thank you Niko. You are 100% correct. How that man sleeps at night is beyond me. But probably well, which is sad.
Way to go Niko. I will forward as well.
Hey Sunny, I say "has to be", because otherwise, we are dead.
That's all. R/S's are bad 95% of the time because of situations like you are refering to. That is, the compnay leaving the A/S bloated.
We will see this week I hope. The silence is not helping...
"JMO, but new A/S will be somewhere btw 200-500MM."
No, it will be 43 million. It HAS TO BE.
Whatever will help this situation, I will try. It is up to Mark.
Hope you have been well Harley
Point taken Niko. You act as if I have not e-mailed ML into the ground. I have. You obviously have. It's got to be him that makes the change. I agree, if he does not, TYTN is done. If he continues to dilute, ignoring other options, the R/S or not, is a mute point.
But I don't know what we can do other than what you and some us have done thus far?
Mark has to be the one to "see the light" and change course. We can call and e-mail him TO DEATH.
EXACTLY
But we will see.
MARK THIS POST
This is the last time I will bring it up until we find out.
I firmly believe the A/S after this R/S will be 43 MILLION.
There is NO WAY Mark will leave it at 6 Billion. It has to be proportional, otherwise current shareholders are doomed and I might as well go ahead and sell all of my holdings before the R/S.
It is the only hope we have. And I believe it will be at least the beginning of a change in the right direction.
"Then what is the purpose of doing the R/S?"
To get the share price above a penny to respectablity and to start anew.
So you will be surprised I take it if the A/S winds up at 43 million?
For TYTN to survive, it HAS TO.
That's correct Max, and I am on the record here saying the A/S should be 43 million after this R/S.
We will see. But we need to know SOON.
"A reverse split just gives him an easier option to sell shares."
How?
I am not giving credit to him Michael, as all of my money is gone from my account. But if he is a bad business man, how did he do Rhino? But yeah, right now it ain't good with TYTN.
Anyway, we shall see. A lot of people think I am being unrealistic and naive about this R/S thing.
How will the R/S benefit him IYO?
One more thing, telling me I need to face reality is kind of insulting. I KNOW what is going on. Even if I am right, and the A/S is reduced to 43 million, there is still a TRILLION miles to go for a success story. A LONG WAY TO GO. That is just a starting point for us.
If what you suggest happens, it's over immediately. We need to know this soon.
Damn right we have Atlanta. I am not even going to discuss how much I am down. It makes me throw up.
I have posted what my confidence is based on. It is based on the fact that Mark is trying to become succesful. He has made some BAD decisions. That is a fact. You don't have to do a R/S if that is not the case.
If he does a R/S and it is not proportional, I will apologize to you. TYTN will be 100% DEAD if different.
The A/S will be 43 milion or less.
I am pretty confident that the A/S is ONLY going to be 43 million when this R/S happens.
I am sticking to it.
No, no proof until he tells us in an official PR. And your post is spot on.
It HAS TO BE proportional. That is the first step, then we need a solid revinue stream. But the silence is deadly. We NEED STRONG LEADERSHIP FROM MARK NOW!!!!!
No doubt he made HUGE mistakes. Can't call him a "moron" though. He has been sucessful in the past. Don't know why he has taken such bad advice.
Thing is, he HAS to change course or TYTN does not make like you said...
Very rarely can a R/S be succesful down here. He has the power though.
Don't you think the A/S has to be split 150 to 1 just as well?
Hey Nik, tell me how you think the R/S will unfold?
I don't think I followed that?
I think we are still in the game Step. But man oh man is it cruch time for Mark. It just depends on if he continues to take bad advice. After all it has caused this tragedy.
I TOTALLY agree with NYC's post. Mark is an honest hard working very sucessful business man that has never run a public company. This R/S can fix things but he need to talk to us NOW!
As I have stated numerous times, I believe Mark is doing this R/S to start over and do things right. That is why I think the R/S will be a PROPORTIONAL SPLIT for both the O/S and A/S.
Excellent post and 100% agree. That said, at what point do you stop taking bad advice? The bad advice has tanked this stock and now a R/S is needed. As my last post states, this R/S is to "fix things", not line ML's pockets like many think here.
So if he keeps taking this bad advice, he and we will be in trouble. This puzzles me.
Bernanke, if TYTN is a scam compnay just for Mark Leonard to personally make money, then yeah, the A/S will be left in the billions. I guess that's why most here say when a penny stock does a R/S, it's always 99% BAD news.
But say just for argument sake that ML really wants TYTN to become what Rhino was and wants his tractor company to prevail. The he needs to "fix the situation" with this R/S. So of course it is going to be a proportional split. If not, everyone will laugh and the stock price will just plummet after the R/S and it
WILL HAVE BEEN POINTLESS for his business. It is going to be a challenge enough for the pps to steadily climb afterwards anyway.
So I think he knows his business will get going with steady sales and a revenue stream this coming year.
So to review, if he does anything other than a proportional split, it does TYTN NO GOOD.
We shall see. But it needs to be ASAP, like last week...LOL
I am banking on the A/S being 43 million after the split if it is a 150 to 1 split.
I am holding firm to that.
Well Ditka, I think you are WRONG. I think that if this R/S is indeed a 150 to 1 split, the A/S will be 43 million. So dumping billions will be an impossibility.
If I am wrong, I will admit to th board that I have been a fool.
Hell, I am more than ready to find out either way....
Come on Mark, give your faithful LONGS a PR to let us know what you are doing!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
PLEASE!!!!!
I guess to make my self feel beeter. I just simply don't think TYTN is a scam company or POS. Only a POS scam would do a R/S and leave the A/S in the billions. It should be proportional.
No doubt Mark has mad mistakes or we would not be here. But we will see I guess.
I am sure it is for info purposes yak. And I am confident this 150 to 1 split is for ALL shares including the full A/S.
So I look for a 40+ million A/S. Those who think the A/S will stay in the billions are wrong.
Hey Sunny, do you mean you would rather the split be a higher ratio?
That's why I really think it is to "fix things" and start over. I know 99% of R/S's are done so the CEO can dilute more, but I do NOT think that is the case here.
That's why I think the A/S will come down with O/S proportionally.
To fix things?
Thanks, I don't know why folks here think ML will leave the A/S in the billions. NO WAY
I am betting proportional split whatever the ratio.
I agree Max. Mark has made mistakes, no doubt. But this is NOT a POS scam company, so I am sure the split will be proportional.
Hi Anvil, thanks for that post. But tell me if my math is right here...
If ML does a split of 150 to 1 and the current O/S is say, oh, 4 billion just for argument, and the A/S is 6.5 billion.
Then after the split, this is your share structure...IF HE DOES THE SPLIT PROPORTIONAL.......
O/S is 26.6 million
A/S is 43.3 million
Correct?
I love your optimism my friend.
It needs to be proportional and that is what I am thinking and hoping it will be....
I know, I guess we can talk this to death. We just need to wait. I hope I am right. I am hoping for the "rare" positive R/S here.
Hell, maybe he can do the lower ratio split on ALL shares and then get the pps to 10 cent on his own???
I know, I know, what am I smoking? The same thing PerfectStorm is I guess.
Don't agree. Maybe for truly scam companies. If the company is legit, the R/S should be proportional on A/S and O/S.