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What happens to Novagen? How was Jon involved? Can you prove that it wasn’t a scam and that Jon isn’t a scammer?
The fact that he prefers “Dr. Jon” tells you a lot. He’s not an MD. Do we have any proof that any of his credentials are real? If you Google his name, you’ll find a long list of failed business endeavors. He’s a greasy used car salesman of a CEO.
The whole statement was just another desperate attempt to prop up shareholder morale.
Jon is retired. He just gets dragged out from time to time to make a statement or do an interview because, for some reason, shareholders think he’s some kind of genius.
Tautachrome is still a shell. They just got the shell risk removed because they purchased a physical asset (which now sits idle).
I’m still really not sure why we’re comparing Tautachrome to Apple. I don’t see any similarities. Why don’t we compare Tautachrome to the thousands of garbage penny stocks that have been delisted over the last 20 years? It’s far more similar to those companies than it is to Apple.
Tautachrome isn’t Apple. There’s not point in comparing them. They’re too different. Apple did $7 billion in sales that year. It had real products. It was a great turnaround story. Tautachrome is a shell company run by a guy with no tech experience with no good sources of financing.
Yeah, I don’t remember Apple failing to launch a single decent product in five years. I don’t remember Apple financing it’s operations with convertible debt. I don’t remember Apple being run by a guy who couldn’t figure out how to turn on the microphone on his laptop.
So what is your opinion?
I’ve said a million times that I believe that:
1) The share price is detached from reality. It should be zero.
2) Price action is entire dependent on promotional activities that are designed to increase interest in the shares so that management can sell more convertible debt while destroying the value of the common shares.
I’m interested to hear your take on what share price movements indicate here.
Just to clarify, your answer is that the price action is meaningless, and we shouldn’t attempt to analyze it?
Bulls think that positive price action indicates that the company is doing well but negative price action is totally meaningless and says nothing about the state of the company. Totally inconsistent beliefs.
Can you give him your best guess? As you said, this is a discussion board. We are trying to have a discussion. That can’t happen when the response to every question is just, “Well it doesn’t matter because this is just a discussion board.”
Your CEO needs a laptop to run the company. He didn’t have a laptop. Therefore he wasn’t running the company. That is proof.
This is supposed to be a “tech company,” but somehow the CEO managed to run the company (remotely!!!) without a laptop. Do you guys really need anymore proof that this is a joke of a company. Somehow exactly zero of the investors on Telegram have made the connection that Jon not having a laptop for some extended period of time means that Jon wasn’t doing anything for an extended period of time.
This isn’t a company. It’s a retirement fund for Jon, a revenue stream for Honeycomb, and some side income for DLM and all his friends who are acting as “consultants”.
I think it’s relatively likely we see a PR tomorrow.
How is consultant defined in this situation? Like what do those Micah and Tim guys do?
That’s not a statement you can make. The SEC doesn’t waste its time investigating penny stock scams. There is nobody at the SEC monitoring Tautachrome to ensure that their press releases have commercial basis or that they’re disclosing all material unscheduled events. Are their financial statements correct? Yeah probably since I think they’re prepared by and audited at the end of the year by an accounting firm. Does that mean that “Everything $TTCM does is in compliance”? Absolutely not.
For example, we don’t know why the OS increased by 200 million since April. That’s a pretty significant number of shares issued during a period when no convertible notes matured. That’s something investors should know.
Only 10-Ks present audited financials.
I’m not sure. I think that it would. But there may have been some disclosure buried in one of their filings over the last couple years saying something to the extent of “We may increased the number of authorized shares from time to time under certain circumstances” that might eliminate the need for an 8-K in this situation. That’s my first guess. My second guess is that DLM has no idea what he’s doing and wasn’t aware he needed to file an 8-K. He has no idea when he needs to file one. He’s filed 8-Ks for events that didn’t require them and he’s failed to file 8-Ks for events that probably do require them. It’s like he thinks they’re just some kind of alternative to a press release.
INCREASE IN AUTHORIZED SHARES
OTCMarkets updated their information for July. Shares outstanding are up to 4,488,047,247 and the AS has been increased to 4,800,000,000.
Former longs who are upset about he defrauded are understandably mad about it. Posting here is one way to vent about that. Nothing wrong with it.
Increase in the AS actually
Why is it a wrong conclusion? Jordan had the chance to invest in $TTCM. That’s a fact. Jordan has better information than we do about Tautachrome since he’s literally building the platform. That’s a fact. He chose not to invest in Tautachrome. That’s a fact. These are all facts. Jordan saw there was more money to be made in selling development service to Tautachrome than actually investing in Tautachrome. That’s the ONLY logical conclusion you can draw from these facts unless you believe that Jordan is a strange person who prefers having less money to having more money.
Honeycomb should take over this company.
That’s what happens when you don’t have a business with good long-term prospects. You don’t attract investors. You attract traders.
Yeah I seriously don’t know how this is still a $35 million company. The turbo-bulls on Telegram must own a LOT of shares because there isn’t broad interest in this stock. There are like five of us who regularly post on here, maybe 20-30 regular posters on Telegram.
Convertible debt is a huge problem. Everyone on Telegram says that Tautachrome “just needs more time” and “Rome wasn’t built in a day.”
When you invest in a company funded with convertible debt, you don’t have much time. That company has to succeed before you get diluted into oblivion.
Nobody on Telegram ever asks DLM the simple question, “So how exactly do you plan on using this to generate revenue?” So far, DLM has hid behind this magic “if you build it they will come” idea that basically implies that if you can get enough people to use your app/website, it will magically start making money. This is not how the real world works. You need to identify a customer and provide them something of value in exchange for money. You need to either do this better or for a lower cost than your competitors. If you can’t, then you don’t have a business. It doesn’t matter how many partnerships you have. It doesn’t matter how many interviews you do. And it doesn’t matter how many cat gifs that your elderly shareholders post on the company group chat. Shareholders deserve to have this question answered.
That’s why I said RS OR an increase in the AS.
The OS is going up. That will result in either a RS or increase in the AS. There’s no way around it. Since DLM has said that there won’t be an RS, it will probably be an increase in the AS.
Alright guys, since I actually put my money where my mouth is and make predictions, here’s another one. There is a convertible note that matures on 7/27.
I believe it converts at 63% of the lowest closing bid in the 20 days prior to conversion. So what does this mean?
It means that DLM is going to pump the SP so this note converts into fewer shares. He has until 7/7 to do this. So my prediction is that we see another ridiculously transparent attempt to pump the SP within the next 10 days.
I think buying shares now and selling when the PR hits will be good for 10%-20%.
It’s called deductive reasoning. Each little bit of information doesn’t “prove” that this is a scam. It’s when you combine them all together that it becomes very clear that it’s a scam.
More evidence that this is a scam. So DLM posted on Telegram that ARknet was looking to hire someone. It appears that he only did this to create the image that Tautachrome is growing and needs employees, as there is no job listing online.
I doubt DLM has any intention of hiring anyone anytime soon. Remember the marketing team that was supposed to be built nine months ago? Where is it? Why does Tautachrome still have ZERO employees two years after the app was released?
Only 1.7M volume yesterday? Yikes.
It’s just another risk. At some point, the Nugent family is going to decide they would rather have the $ than 250 million shares that are slowly becoming worthless. $TTCM doesn’t have the average volume to support 250 million shares hitting the bid over several months. It would be catastrophic for the share price.
Because the Nugent family still has >250 million shares that they can dump onto the bud at any time and send this entire company into oblivion.
I think “creating interest” and “exposure” belong in the TTCM words group too. The Tautachrome insiders love to talk about those two things even though it’s unclear at this point whether any of their efforts have lead to a quantifiable increase in users.
So what happened to that interview that DLM scheduled?
Doesn’t look like that ever happened.
It not conjecture. If the patents had any value, Tautachrome would have found something to do with them over the last 3+ years. Unless of course DLM and Jon are totally incompetent and failed to unlock that value for shareholders.
Which one is it?
I think it’s pretty obvious that it’s both, but it could potentially be just one or the other. Which one do you think it is?
The patents aren’t worth anything.
I’m also going to comment on the NFT patents. Either they’re worthless, DLM and Jon are awful at running this business or both. If the patents are valuable, a good management team would have figured out how to unlock that value. So you’re left with the realization that either the patents aren’t valuable or your management team isn’t good.
Buy the ask.
I haven’t seen any news relating to Akyumen’s investment in Gary since January. I’m not sure that it’s been confirmed that Gary ever received the initial $50,000 payment upon closing that deal. That makes me think the deal may have fallen through.
Either way it doesn’t really matter. Tautachrome will fail regardless of what happens to Akyumen and Aasim.
Aasim just serves as yet another red flag that Tautachrome investors have to ignore. He is a fraudster. This isn’t up for debate. Anyone can read the case details that prove this. And he’s on your BOD.