Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Our guess is the next move will be to “acquire” ARknet from Timothy Dohse. The payables to ARknet will be be gone and this will be announced via PR.
It will be spun as a good thing, but in reality changes nothing because TTCM was never going to be able to pay the fees and there was never intentions to collect.
More dilution will follow with a company name change.
Good thing that former CEO (Jon) is no longer in a decision making role. CTO for a “tech” company seems perfect.
Maybe give David some time as CEO
He has only been with the company “officially” since November 2016 and was only COO from October 10, 2019 - October 26, 2022.
The stock is only down 97% and 91% during those timeframes and the authorized shares has only increased from 4 billion to 7 billion.
Just Jon and David right now, if the public information is correct.
On the last 10-K it showed the following
Board of Directors and Committees
At December 31, 2020, our Board of Directors presently consisted of three members: Dr. Jon Leonard, David LaMountain and Frank Antenori.
Down 45.45% since August 8th
From the last 10-Q
Shareholders are advised to follow us on Twitter to be current on the Company’s disclosures in conformity with Regulation FD.
Pretty interesting post in there that we haven’t seen before. October 5, 2019 is very informative.
For those interested in a summary from “TTCM HODL Gang” it’s below. Not seeing any others and nothing from David or any other known Tautachrome/ARknet contractors.
He spoke about Boston University and other departments interested but a great deal of red tape with such a prestigious University. The PTB were surprised that we even got in the door without jumping through the University hoops.
XAR moving forward- US too costly - but off shore development progressing.
A good QMU. Participants were able to ask questions. About 12 - 15 people were there.
Just a brief summary.
Maybe others will be able to attend next time and ask your questions.
Again, we haven’t found anything and don’t know what room you are referring to. If you have access to the Telegram room where this information was posted please post it. It seems that would be helpful.
Or maybe share the link to the room so everyone can go find it.
What we do know
• ARKnet.app is down (website)
• myarknet.io is down (website)
• mainst.shopping is down (website)
• Proarscan.com still coming soon (website)
• KLK/XAR still not given to shareholders almost fives years after the stock promotion
• KlickZie is not functional
• Authorized share count is already above the amount the company stated they could not exceed (a lot more shares to come)
• No weekly updates on the Tautachrome website
• XAR not mentioned in any 10-Q/10-K
Probably more
We haven’t been able to find anything about it besides the two items we posted before. We sent another email to the company asking if they will provide an update and will post any response we receive.
Ok we will keep searching.
And to be clear, the company didn’t notify their shareholders via email or their official communication method, Twitter, that the COO was going to provide updates. No official updates have been given via a Tweet or PR, but we should go to a Telegram room and take someone’s summary as the direction the company is headed.
All seems normal
Interesting response to our clear discussion about Arknet.app (follow the discussion) and the summary posted on Telegram. You said you didn’t attend the meeting and suggested to find the summary on Telegram. We did that, “1. There is no plan in place 2. David has no idea in which direction to head in”
We would recommend reading the Terms of Service of the app
Found what was posted about the meeting.
“1. There is no plan in place 2. David has no idea in which direction to head in.“
Thanks for pointing us in the right direction. Interesting summary
Oh we get it, you didn’t read what we wrote. Arkent.app (the website for the app) is down. That’s the website that is advertised on their Twitter account and it used to be linked to Tautachrome.com
However, with a lot of things with this company it hasn’t been updated or is not actually functional.
Not false at all. Arknet.app is down right now.
And correct we don’t have the app
No we don’t have the app, we have mentioned that multiple times. We have read the Terms of Service for it, no thanks.
Have the company demo KlickZie. Pretty simple way to end what we are stating.
David wrote
“KlickZie has a long way to go as far as development. Currently the imagery is watermarked with imbedded meta data.”
Look at that, we can and did post information.
Again we would appreciate you sharing the highlights as you offered.
So I can either share the highlights since it was posted that a number of people were on that or go ahead and review that board at your convenience.
We don’t have the app so we don’t know what you are referencing. Maybe a screen shot would help.
We also don’t need to have the app to know that the KlickZie function, as described by the patent, is not operational. David, the COO, already confirmed that. If you have read over the filing you could summarize for yourself that what is needed for it to work is not in place.
So no official notification from the company.
Supposedly 8000+ shareholders and you are stating 12-15 people attended a meeting held by the company.
We had no idea there was a Quick meet up. Maybe TTCM/Arknet should use their official ways of communication, according to their SEC filings, to let people know of those.
Sure, we would like to know of any official updates. Thanks in advance for sharing that. We’ve tried that investor relations email for 11 months now and they haven’t responded.
No idea what QMU is so we can’t help there.
TTCM stated XAR would be released in 2021. It’s now October 2022, no XAR. No mention of XAR on the ARknet or Tautachrome Twitter accounts this year. No mention of XAR in any of the 10-Qs or 10-Ks EVER.
Also, that doesn’t change that it’s been almost 5 years since they ran their stock promotion for KLK and have failed to provide it to those share holders.
https://www.globenewswire.com/en/news-release/2017/12/05/1229175/0/en/Tautachrome-Inc-Announces-KLK-Cryptotoken-Bonuses-Rewarding-TTCM-Share-Buying.html
Wrong again. None of the patents have anything to do with data privacy. Also, none of the patents are even operational within Arknet.
No KlickZie
No cryptocurrency
No blockchain
Coming up on five years now since this stock promotion. Still no KLK/XAR.
https://www.globenewswire.com/en/news-release/2017/12/05/1229175/0/en/Tautachrome-Inc-Announces-KLK-Cryptotoken-Bonuses-Rewarding-TTCM-Share-Buying.html
Nope, wrong again. What we provided came from Matt Moneymaker. Tautachrome/Arknet have failed to provide information.
Failure to provide updates and failure to complete announced plans, seems to be the only thing they constantly succeed in doing.
Arknet.app has been down for at least a week and the company has given no updates on why.
Arknet failed to provide live drone footage for Matt Moneymaker’s event last month, no update why.
Nope. Just wrong
Tautachrome failed “6000+” users by not following through with the Bigfoot thing
Users of the app have stated it was not used
BigFoot event took place, but ARknet was not used. “ We need a more hi-res feed for drone video than QuickMeetups can carry.”
Good question. But, they had two promissory notes expire and had a payment due to a software developer according to their 10-K. That would make the person/company that are owned those shares, holders of more than 10% of total shares as well.
we issued a promissory note in the amount of $520,000, receiving proceeds of $500,000. The note matures August 17, 2022 and bears interest at 8%. They are convertible at 63% of the lowest closing bid price during the twenty days preceding the conversion. We recorded a discount of $338,842 upon issuance consisting of 23,650 for the fair value of the 2,750,000 shares issued to entice the lender, an original issue discount of $20,000 and the initial derivative of $295,192. We amortized $87,035 of this discount to interest expense during the year ended December 31, 2021.
we issued a promissory note in the amount of $520,000, receiving proceeds of $500,000 with a discount of $136,844. The note matures September 3, 2022 and bears interest at 8%. They are convertible at 63% of the lowest closing bid price during the twenty days preceding the conversion. We recorded a discount of $344,816 upon issuance consisting of 28,875 for the fair value of the 2,750,000 shares issued to entice the lender, an original issue discount of $20,000 and the initial derivative of $295,941. We amortized $283,590 of this discount to interest expense during the year ended December 31, 2021.
we issued a convertible note to a software developer to convert $247,426 of outstanding accounts payable into a convertible note. The initial derivative associated with this instrument was $109,247 of which we have amortized $55,248 as of December 31, 2021. The note is convertible at $0.008265 and is due September 3, 2022.
Curious to see how long TTCM goes without updating their share information on the OTC website. As of September 3, their outstanding shares should be above 8 billion, according to their 10-K.
Share price around .00067 at current market cap.
OTC share info hasn’t been updated in two months.
More dilution coming. About 2 billion shares, for a total of 8 billion, a 33% increase.
REMINDER: the company stated in April 2019 “the prior A/S may never be exceeded” it was at 4,000,000,000 shares
Down 80% YTD
$3 revenue first six months
$123 reported cash on hand
Will need to introduce about a BILLION more shares this month for one promissory note
They borrowed funds at 112% interest
Change in value of derivatives: $564,639
The Convertible Note derivatives were valued as of issuance; conversion; redemption/settlement; and each quarterly period from March 31, 2018 through June 30, 2022. The following assumptions were used for the valuation of the derivative liability related to the Notes:
·
The stock price of $0.00310 at June 30, 2022 which decreased to $0.00070 by June 30, 2022 and would fluctuate with the Company projected volatility.
·
The notes convert with variable conversion prices based on the percentages of the low or average trades or bids over 20 to 25 trading days.
·
The effective discounts rates estimated throughout the periods range are 37%.
·
The Holder would automatically convert the note before maturity if the registration was effective and the company was not in default.
·
The projected annual volatility for each valuation period was based on the historic volatility of the company are 140% – 191% (annualized over the term remaining for each valuation).
·
An event of default would occur 0% of the time, increasing 1.00% per month to a maximum of 20%.
·
The Holders would redeem the notes (with penalties up to 50% depending on the date and full–partial redemption) based on availability of alternative financing of 0% of the time, increasing 1.00% per month to a maximum of 5%.
·
The Holder would automatically convert the note at the maximum of 2 times the conversion price or the stock price on the date of valuation.
·
The Holder would automatically convert the note based on ownership or trading volume limitations.
We recorded the initial derivative as both a derivative liability and a debt discount (or initial reduction in carrying value of the debt). We then amortized the debt discounts using the Effective Interest Method which recognizes the cost of borrowing at a constant interest rate throughout the contractual term of the obligation. The effective interest rate on the only convertible instrument issued during the six months ended June 30, 2022 range was 112%.
At each reporting date, we determine the fair market value for each derivative associated with each of the above instruments.
They have brought in revenue from ARknet
2021: $22
2020: $149
Of the 196 reviews from Google Play 105 can be seen.
Yearly break down
2019: 80 reviews (app was released in July)
2020: 19 reviews
2021: 6 reviews
2022: 0 reviews (version 2.0 was released)
Using todays close,TTCM will need to issue 990,476,190 shares to cover this. They will have to increase their authorized share count as well, a number they said “may never be exceeded” when it was at 4,000,000,000 (it’s currently 6,400,000,000)
we issued a promissory note in the amount of $520,000, receiving proceeds of $500,000. The note matures August 17, 2022 and bears interest at 8%. They are convertible at 63% of the lowest closing bid price during the twenty days preceding the conversion
Down 80% since October 20, 2021
On January 19th he privately messaged someone stating “I cannot, with good conscience, advise anyone to invest in these guys.”
As mentioned before, according to him, he was the IR person until last month.