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The only updates that will matter are numbers: sales and dealers.
I will say that the 334 and the 406 web pages are actually rather sophisticated so that's a plus.
jojo - have you ever had a conversation with Mark Leonard? I'm just intrigued by your enthusiasm.
For me, there are signs that a real tractor company could be in the making but there are also a lot of concerns still pending.
This website is having problems.
I recall several posts/documents indicating that ML is paying $1500 on the loan. Until the negotiations are finalized, there is no reason (in fact, it would be stupid) to pay more than the interest. I'm pretty sure the FDIC sold the loan to Midland for less than the face value so holding off on paying the principal until the final amount is determined is likely a smart business decision.
That said, I'm tried of ML sending out emails to investors promising news and then no follow-through. He sent an email to one investor in January promising numerous PRs in the upcoming weeks.
Well, Mark, it's almost June and all I've seen are additional posters stating that they received an email promising updates, PRs. etc.
Until Mark puts up, the bashers are as correct as anyone who is saying I'm confident the turnaround is about to happen. Why, unless you know confidential information, would anyone believe that Mark is delivering anything? His record is extremely poor to date - what he delivered was dilution.
I hope the turnaround is about to happen but I have no reason from the company to believe so.
Yes, my posts may seem bipolar in nature but remember (as Steven Wright says), the earth is bipolar.
Very confusing? How could an address in Medford, Oregon be confused with a dealership in Canada?
No need to, perfect's post included the information that the dealership was in Medford, OR so it's unclear why there would be any confusion.
So the fact that the post was about a dealership in Medford, Oregon didn't distinguish it from the one in Canada???
How do you kbow they don't sell Tytan? Seems like a probable misrepresentation on your part based on assumption.
Sure wish I could just ignore this for six to nine months and see where Tytan is then but, alas, too much entertainment here.
Why? They only list Branson and some other tractors but not Tytan on their website. Why do you think they are selling Tytan tractors?
Who are you hearing from about NAPA?
Nice start to proving me wrong. My apologies for my bad behavior.
What happened to the massive covering by ZECCO that you said would happen today??????
Mark is probably doing just fine for himself. The other issue is did he reduce the preferred's conversion rate by a factor of 150? I doubt it. So if the conversion rate remains at 400 to 1 - one million preferred equate to 400 million shares so he and his croonies control over 95% of the company (400 million plus half the commons?)
It appears some sleazy stock market manipulators came to him with a plan to bilk investors of their money and he, a quiet reserved sociopath, agreed to be the face of a false, made-up dream world of chinese equipment that is already being sold by numerous "manufacturers" here in the U.S.
Prove me wrong Mark.
Perfect - what happened to ZECCO having to cover today?
Yes go figure - once you are familiar with the A and B tag, you can see that the website is attempting to skip several products from A and B. He also forgot to photoshop the Bauma light piece of equipment.
Yes, he's purchasing from the same factory in China but what's with showcasing the equipment with other manufacturers' labels?
The smell of fish is increasing around here.
Again, hope I'm wrong but what are those 16 hour days spent doing? Bad photoshopping because it sure is not selling tractors.
I hope you are correct Step but it looks more and more like Mark is not a bumbling businessman but an intentional fraudulent scam artist. Hope I'm wrong but what's with the implements being from another equipment manufacturer?
In the 334 video, Mark failed to photoshop TYTAN onto two implements - one says Pyramid and the other says A and B Eagle Line Equipment http://ab-eagleline.com/index.html
The website tries to skip the eagleline implement but - at least for now - you can see it. The Pyramid implement is out of focus.
Really Mark? You may be going down hard.
Yes, signs of mental illness and delusions to blame "outside forces."
From bad to ugly - and that's just the website.
I'd like to see Q1 figures or a PR detailing sales. That said, if they are reported by May 15, they would be ON TIME (45 days after the end of the quarter/March 31).
The likelihood of either a timely report or a PR based on past history is not good but at this point, they are not late.
Mark has dragged this out about as long as he can. Either something big is happening or Tytan will soon be history imo.
He either has sales and is profitable or draining the last of any resources he has - no one is going to give him additional funds if that is the case.
If he pulls or is pulling this out, good for him and us. If not, he's just another ...
Unfortunately, im-perfect-ion, lies, inaccurate information and an ever-changing history are flaws of more than just the CEO.
It does seem that the only thing Mark is able to do is buy tickets to ride planes and trains.
Again, hope he's able to do more but as each day passes he looks more like an incompetent buffoon or, possibly, a money-stealing sociopath. Only he can change that perception but it'll take a lot and he certainly has not shown evidence of any skill or ability to do so.
17K in sales for an entire quarter. Beyond pathetic.
There is no reason to sell (no value left) and, sadly, no apparent reason to buy.
Apparently no one other than perfectstorm or Mark believe the fantasy - at least as reflected in the share price and market cap.
How could anyone believe this company is on the verge of greatness when it sold just ONE tractor in the last quarter of 2011?
Would half a tractor be a low bar? What do you base your expectation that sales will be "appreciable" - a mailbag that first said sales have perked up, then changed to picked up, then removed?
I'm not a naysayer - I'm just looking at Mark's history and it's looking pretty GD bleak. Many of us have given him plenty of time and yet where are the results?
I hope you're right but Mark hasn't earned any right to be respected as a businessman at this point. He sold 4 billion shares to raise less than 1 million dollars and then sold one tractor and then blamed it on the farm economy.
At what point would you acknowledge that Mark has performed poorly? At what point do we determine that this is a scam?
I'm not saying it's a scam but the evidence is mounting.
The bar is set pretty low - all growth would require is the sale of TWO tractors.
Either Tytan is selling enough tractors to be profitable or the game is up.
Unfortunately, Mark's record on following through on anything he says is not that good. How's that website change going? How about the YTO deal, how about anything Mark?
Why do the tractors coming off the assembly line not have Tytan on them?
Selling shares does not get reflected in the income statement - it's not income. It will appear on the balance sheet and cash flow statement.
Why would you not expect considerable turnover with this stock. I would expect that many of the 2160 holders back in 2009 no longer hold the stock and others took their places.
It seems unrealistic to believe that only 12 new stockholders have been involved with the stock since 2009.
Are you implying that only 12 stockholders purchased 4 billion shares?
Read Mark's bio for a start.
I'm not happy with ML and Tytan for the most part but to claim they have been operating at Tytan for 25 years is inaccurate and I believe you know that as it's only recently that you've been posting that information.
Tytan International has not always been Tytan Tractors but you know what you're doing.
What he is getting at is that Tytan Tractors has not been around 25 years. The PR may be referring to Mark's prior experience with China. I agree that it's poorly written but to continue to post that Tytan Tractors has been around for 25 years (regardless of what any PR says) is misleading.
Unfortunately, it's not funny to most of us. When did Mark provide Q1 numbers last year?
Can't wait to see that sales improved - of course, all that would require is the sale of TWO tractors rather than ONE.
Mark - really? ONE tractor?
By the way, I don't believe the selling of shares would have an impact on income just assets so the loss of 289K is understandable given that he sold ONE tractor in Q4.
So in Q4, Mark sold a tractor to a member of the advisory board. Wow that's impressive.
It's clear that what Mark was selling last year were shares. Let's hope he can sell tractors this year. Otherwise, the game will soon come to an end.
It's May 8th. Apparently the legal people are dolts.
Perfectstorm: Maybe you should do some reading as you are absolutely wrong:
http://en.wikipedia.org/wiki/Par_value
Par value has little or nothing to do with the share value - to state so demonstrates a lack of understanding of the markets, just as stating that MMs don't trade in small numbers to "manipulate" the price is a statement of ignorance (a claim by someone else).
They do 100/200/500/1000 shares trades all the time to see if they can stir something up.
As annonyed as I am with Mark - I doubt your prediction has any validikty. Triple zeros would put the value of the company at around 32,000.
At present (0.015), the market cap is around 500,000. I think there is room to go up if there is any thing positive coming forward.
Just wish the clown(s) running PR were a bit more competent.
Apparently so "excellent" that it had to be taken off the website within hours of being posted. Let's see, Mark's had twenty days to prepare the mailbag and now it's gone. I wonder if he even had the sense to run it by any one (maybe a few members of the advisory board)? I guess NOT.