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I doubt ML has a clue how to navigate Libyan customs anyway. Really, Libya? What happened to the Polish interest?
I'd love to support ML but really.
I have to agree. Never seen any of his predictions pan out on various boards.
There is no evidence and apparently ML can't offer any either. If he could, he wouldn't have to address petty issues.
The simplest way for him to silence his critics would be to announce significant sales of tractors. The fact that he is not doing so makes any suggestion that he has sold 100 or 400 tractors pure BS.
Sell tractors and the critics will be silenced. Continue to address rumors about Bogden and the criticism will increase. Very simple.
And,if he wonders why people are upset with him consider that
one investor here bought 23 million shares when the O/S was 400 million giving him 5% of the common shares. After the share dump and R/S, his holdings are now less than 1/2 percent - a tenfold decrease in percentage of the common along with a 90% decrease in value.
That coupled with not announcing the increase until he had dumped 4 BILLION shares, passing a R/S in the middle of the night and, well, people don't like those types of action or the people who take them.
Sell tractors - maybe you can earn some respect but for now, there's a reason people don't trust you and many don't like you.
More excuses is what i see - aren't Tytan's engines already EPA approved? What does the email from YTO have to do with anything?
Did he really believe the posts that Bogden is working with YTO? I don't think anyone on this board believed it.
Very disturbing posts, eh? More disturbing mailbag!
Mark - what we would like to see is EVIDENCE that your are selling tractors. Is it that hard to comprehend?
LIBYA? How about some dealers here in the U.S?
This is becoming more of a joke with every mailbag.
Now that's some funny stuff. Thanks Max.
Absolutely agree. Who started with the deceit, lies, share dumping, etc. Who sends emails to shareholders promising PRs that never appear?
Who wants RESPECT? Earn it!
And if damage between the CEO and shareholders is a result of Mark's feelings being hurt by reading this board, that would be rather pathetic.
Thank god I have other investments that involve adults if that's the case.
If an anal(c)yst's report is that confusing, he's the stupid one. He simply needs to clarify (and should of initially) whether he's talking about pre- or post-split share prices. Unless, of course, his purpose is to be confusing.
Hey, I hope you're right - just don't see any evidence for what you're posting. Ask ML to act like a CEO and put out some information.
Only a strong hold despite 400 tractor sales???
so what's the time period for the 400?
Are you including Rhino? In what time period?
Small - I believe you are incorrect about the options. The cost of the contract IS the $30. Thus, if they expire out of the money, they expire worthless and you do NOT get the $30 back to reinvest - you lose it.
The majority of options expire worthless. Doesn't mean you can't sell and buy then for a profit before expiration date but it's not that easy. If it were, everyone would be winning with options.
And where are you hearing that from? For now, Anvil and Atlanta posts represent what has happened to date. Rumors, "what I'm hearing," etc. are just words without back up confirmation of any sort available to the public. Only ML can change that.
Are you talking to ML? What is your source of information?
I'd be happy to see Tytan succeed but Atown is right. There is no publicly available information to support the "38 reasons" - and what is available is based on year-old information that doesn't seem particularly relevant to whatever the current situation is.
It's up to ML to update us and despite promises to do so with PRs, all we get is a mailbag (bag of BS for the most part).
I guess in the absence of any news from ML, we get the same stuff over and over again.
Sure would be nice to see something current/new.
Nice video put together on June 22 ,2011 as ML dumped BILLIONS. How about some current information?
Please provide evidence of the dealerships. Saying it's so doesn't make it so.
By the way janco products web site doesn't work. Yet another great fact about these fine dealerships showing up everywhere (except in actual or virtual reality).
AND, where are all the PRs that ML has promised via emails to various shareholders?
Uh, really. You think Cramer is with the Motley Fools?
How do you know that it's throwing good money after bad? You believe the BS the fools put out? The fools note that Wall Street is buying BPAX but discount that fact and ignore the fact that BPAX has nearly 50 million in the bank. Right now, it's trading below book value with nearly 90% shorts (declining). There's a reason Wall Street is buying (to cover short positions and possibly create a short squeeze).
THey may even be buying it because it's undervalued.
Nutsy did have some good advice for you but I doubt you'll follow it.
Sticking your head in the sand is always a sign of confidence in a stock :)
Why do none of these dealers have Tytan on their home page? Compact also says not available currently.
When will one of these great dealers actually indicate that they are selling Tytan tractors.
I know, it's all secret so we won't call (makes it hard for a customer who's never heard of Tytan to call as well).
I bet you could find a kia or a hydundai dealer pretty quickly when they first started selling in the U.S.
Interesting how the impact of the conversion ratio changed significantly with the R/S. With 5.2 billion shares out, 400 million (converting 1 million preferred shares for 400 common shares), amounted to about 8% of the company. Now with 36 million common shares, the preferreds are over 90% of the company - unless when Mark said that ALL shares would be modified, it included the preferred shares.
It wasn't an issue before simply because of that change.
Sunnybank - can't PM you back but see posts 82010 and 82011 by you and jojo.
Where are all these dealerships? Why is it so difficult to verify that any of the ones posted heer (Canada, Oregon, and even Montana) are sketchy at best. Either you sell Tytan tractors or you don't. So far, I might believe the Montana dealer exists - the others don't seem to want to admit to selling Tytan tractors.
Why is that?
Whether there is any intent to convert now or not, it only requires 60 days notice so it could happen at any point. If Tytan and the Tractor Warrior develop into a 300 million dollar business, then it's moot but right now we're at less than 1 million so it's also not relevant as no one gets anything. If it's a 30 million dollar business, Mark and his family could walk away just fine and the common shareholders would be screwed.
Jojo - I'm intrigued that you admitted to being both yourself and Sunnybank and now you're having conversations with yourself??????
That doesn't answer the question. What is the conversion rate for the preferred shares??????
If he's responding to your emails,why not ask his directly? Why guess about the preferreds?
A follow-up story? Why would he write a follow-up story? Is he that bored? Are his readers that interested in BioSante? I think not.
666 shares at .013. You're right it's too thin to trade the "volatility."
What volatility? It's been stuck at .02 or so for weeks.
So 21 million shares (3.2 billion post R/S) at .04 and 15.3 million (2.3 billion post R/S) at sub .01? So, 150K will cover the 15.3 million shares whereas 800K+ are needed to cover the 21 million. If a battle breaks out, it's seems obvious who would win.
Given Niko's numbers, the entire placement is at .0220 which is about where we sit now.
Niko is right - the key is sales.
Mark - the question was NOT will you be converting preferred shares but what the conversion rate is?
Good to hear then. I use Google Chrome - it doesn't work on that browser.
Still need answers about the preferred conversion rate. If it remained at 400, the common shares are an insignificant part of the company.
I've never received a response from ML so if one of you who do correspond with him could ask, it's a critical question for everyone.
At 5 billion shares O/S (prior to the R/S), 400 million shares (assuming both A and B preferreds convert at 400 to 1), the preferred controlled less than 10% of the common. If the conversion rate did not change, then Mark really set himself and his family up nicely and screwed the common shareholder.
Contact us button on Tytan Tractor web site doesn't work. So how the HELL does someone buy a Tytan tractor Mark?
Until there is some word regarding the preferred shares and their conversion, one would have to be a fool to buy the common shares. Based on the last available information on preferred conversion rates, the common represent about 8% of the company so the current market cap is more like 9 million and the company to date does not warrant that market cap. Perhaps that explains the lack of volume.
Mark, as usual, you have some explaining to do.
I'd love to believe in Tytan - a potentially good story in any case - but the lack of transparency, the stupidity of not having a contact us button that works, etc. makes it look like Mark is really stupid or a socipath (jmo - Mark can prove me wrong at any point if he is willing or able to).
1 million preferred convertible to how many common (400 million?).
Sorry but your post leads me to believe you have no idea what is going on with this company and its share structure.
If Mark can convert the 1 million preferred to 400 million, then the common represents less than 10 percent of the shares out there. Not very encouraging to anyone who owns the common.
Mark needs to clear this up (probably won't because he knows that the share structure only benefits him and his family). The RIGHT THING TO DO would be to reduce the rate of conversion by a factor of 150 (that is convert at 2.66 common shares for each preferred). Would Mark do the RIGHT THING? Questionable.
You're not answering the question about the preferred shares.
The issue of the preferred shares is an ISSUE. I brought this up some time ago but nobody at the time responded.
Mark needs to address this issue otherwise the common stock is worth nothing.
MARK?
Quote: It makes me wonder what their motivation is
Yes, indeed but looking at the other side.
You don't that, nobody on this stock board does - and if you do, you're taking a huge risk.
quote The products may be very good, but not the stock.
Glad to hear you believe the products may be very good. Given that the pps/stock will follow.