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.
They’re just rubbing the fact that they’re scamming you in your face at this point.
They announced a partnership that involves selling a product they don’t offer. To the best of my knowledge, Tautachrome doesn’t employ any developers and doesn’t offer any software products outside of ARknet. So why is Tautachrome involved in this partnership at all? VIVED Learning has a platform and Honeycomb has the developers. What is Tautachrome contributing?
I don’t understand what Tautachrome brings to this partnership. VIVED Learning is supplying the platform. Honeycomb will be the one building the actual models. So what is Tautachrome doing?
Here’s my guess. Tautachrome is going to use this to inflate revenues. The work will be done by Honeycomb but VIVED will pay Tautachrome and then Tautachrome will pay Honeycomb the same amount. So Tautachrome won’t make any profit from any of these transactions, but they will still run the sales through their income statement. Tautachrome will try to bury the costs in operating expenses instead of cost of sales so we won’t be able to see it.
All of my comments have ended up being correct so far. Bulls have been generally wrong.
They don’t have a product to advertise. They have a collection of poor imitations of the offerings of existing companies. They need 1) a unique idea and 2) the ability to spend enough money to develop it into a real product or service. They have neither. They’re spending a few hundred thousand a year on opex. Companies like Zoom spend hundreds of millions. Even smaller SaaS companies spend tens of millions. Tautachrome can’t spend that kind of money because it’s only available source of financing is costly convertible debt.
But it doesn’t matter. They don’t need a competitive product. They need a product that is just good enough to trick a few people into buying shares.
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.
I don’t have to explain. If one wants to know how the company is scamming them, they should just ask the company. The Telegram group chat is called the Arknet Founders. You can ask them there.
Revenue is actually an objective accounting term that does not include proceeds from selling equity. It’s not actually debatable.
I’m not interested in asking the company. I want to know your thoughts. Do you think cash from the sale of equity is revenue?
What do you define as revenue? Do you think cash from selling shares is revenue?
Shareholders aren’t customers. Increasing shareholders doesn’t indicate increasing interest in the app.
Look at the number of brokerage accounts opened over the last year. Investing has become extremely popular. I’m sure 90%+ of companies have seen increasing numbers of shareholders over the last year. It doesn’t mean anything.
Again, shareholders aren’t customers. Shareholders aren’t active users. Shareholders aren’t revenue.
If there were a significant number of users, it would’ve been disclosed (probably in a PR since nobody reads the 10-Qs) and people would talk about it constantly on Telegram.
It’s not conjecture. It’s inductive reasoning that anyone who is capable of noticing patterns can do.
How many monthly active users does Arknet have?
We don’t know, but we do know it’s a very small number. How do we know that? Because if it were a respectable number, it would’ve been disclosed.
It’s interesting that management has disclosed the number of shareholders but not active users. This really tells you where their focus lies.
Again, idk why we’re discussing profitability right now when Tautachrome hasn’t managed to generate more than $100 in revenue from its app in a Q. If Tautachrome can ever generate more revenue than a lemonade stand, then we can start talking about profitability.
Facebook and Amazon generated massive organic interest very quickly.
Fortunately, $TTCM longs have redefined success as interviews given, updates submitted and trade shows attended rather than users and revenues.
You said that there are many great companies that didn’t generate meaningful revenue for years. I gave you two very relevant counter examples. Then you changed your argument from “There are a lot of companies that don’t generate revenue for years” to “There are a lot of companies that don’t generate positive net income for years.”
My point is that companies like Facebook and Amazon did not grow slowly. They generated massive interest very quickly. It took them longer to achieve profitability, but the potential was apparent very quickly. Jeff Bezos wasn’t two years into Amazon desperately trying to promote Amazon by doing interviews on some random YouTube channel that only 200 (all shareholders) watched.
Oh and Tautachrome doesn’t have the luxury of being able to take years to grow into profitability. Shareholders will be diluted into oblivion long before then.
Amazon was doing >$20k a week just months after it launched. Facebook had ~6 million users in under 2 years despite being initially limited to college students.
MainSt is doing ~$5 in revenue a Q, and it’s all from shareholders. The social media “vertical” is a joke and not attracting users. The NFT “vertical” is entirely worthless.
You can’t just dismiss the fact that the CEO of this company has been involved in proven scams. It obviously needs to be repeated frequently because this is something that has never and will never be discussed on Telegram. Investors need to know this information to make good choices. Some won’t care obviously. But some will.
Penny stocks (including $TTCM) are a negative sum game. The majority of people trading them and investing in them will lose money. Your gain in someone else’s loss.
I think they’re also trying to compete with Zoom by selling a similar product that is both more expensive and has less functionality.
I’d love to own one of those mugs. I think it’ll be cool to me personally in the same way Enron memorabilia is cool since I know the backstory to it all.
Some people think that scamming others is wrong and are willing to speak up about it.
Who is representing Tautachrome at these events? Tautachrome doesn’t have any employees. Are these Honeycomb employees? What is Tautachrome trying to accomplish at these events? Someone help me out here.
https://sec.report/Document/0001477932-21-003177/
$15 from Main St. $115 from selling hats and t-shirts.
Last time I checked companies aren’t valued based on interviews. Have you ever heard of a price to interviews ratio? I haven’t. I have heard of price to earnings, price to sales and price to book though.
Oh well maybe next quarter.
Could you point me to the $50 million? I saw a PR that indicated that ARknet would be investing $50 million in Tautachrome, but I don’t see a single dollar of that on the balance sheet. I’m sure DLM would never lie to his beloved shareholders, so it must be there somewhere. Any idea where?
I understand the confusion because the PR was intentionally confusing. The PR indicates that ARknet is soliciting investments from outside investors that it will then use to invest in Tautachrome. Tautachrome will use that money to develop the ARknet platform. So yes, the investment will appear on Tautachrome’s balance sheet as cash in exchange for shares, convertible debt, loans or some combination of the three.
Can someone tell me where that $50 million investment from ARknet is located on the balance sheet? I’m having trouble finding it.
This company absolutely abuses the definition of partnership. Every one of these partnerships is really just a normal vendor relationship. It’s like saying that I have a partnership with Microsoft because I pay for Office or a partnership with Target because I bought some jeans there. Everyone else knows this.
I haven’t opened the Q, but I’m guessing that this announcement was timed to draw attention from a truly awful quarter.
10-Q in the next two days.
I’m sorry, but that’s the reality here. Anyone looking at the price and volume around any of the press releases would come to the same conclusion. None of the price increases have been sustained following these announcements. I’m not sure why nobody seems to think this is a problem or ask why this is happening. The valuation is also completely insane. NexTech just reported Q1 revs of CAD 7 million. It has a mkt cap of <$150 million right now. It’s listed on the TSE, has actual employees, has actual customers, etc. Tautachrome is still an OTC stock, has no employees, generates less revenue than most hot dog carts, and has no coherent plan but shareholders think it’s extremely undervalued at a mkt cap of ~$50 million.
And each PR has less and less of an effect on the share price. People buy shares in anticipation of PRs and sell into any price increases. Vague partnerships and gradual improvement of the app aren’t enough to sustain a higher share price. Only improving financial performance or the real prospect of improving financial performance will do that. And that’s such a remote possibility right now that nobody is even discussing it. Nobody ever wants to discuss revenue or active users, the things that actually matter and can be measured. It’s all about “improvement”, “awareness”, “partnerships”, “interviews” and other things that aren’t quantifiable and therefore can’t be used to hold anyone accountable.
10,000 downloads. How many of those downloads were from people who weren’t shareholders? I think someone said there are currently 7,000 shareholders. I’m sure $TTCM has had more than 10,000 different shareholders since the app has been available. I’d assume that a pretty large percentage of shareholders try out the app. So it’s unlikely that more than a few hundreds of those downloads were attributable to people who didn’t own shares.
Lol I'm starting to think some people don't understand how transactions work. You give your vendors money and they give you goods and services. Vendors aren't your partners. They're not your friends. They're just companies selling a product or service. The fact that they're willing to take Tautachrome's money says nothing about Tautachrome. And SRAX isn't a "NaSdAq bLue CHiP". It's $90 million company whose shares are -20% since its IPO.
Yeah they took shares because that’s all Tautachrome can give them. They don’t have cash.
What happened to that $50 million? That was two months ago now.
The only thing holding up $TTCM is the PRs, 8ks and other assorted communications that have been put out every few weeks. Just look at the chart. What does the share price do in between press releases?
This strategy is like being on a treadmill that slowly gets faster. If you’re attracting investors by creating hype, then you’re going to end up with an investor base full of people who buy into hype. These are the kind of people who need constant press releases and continued hype to remain invested. So if you’re Tautachrome, you have to constantly keep putting out new PRs and doing interviews and making promises just to keep these investors. The problem is that since dilution is continuing, you need to grow the investor base also. So Tautachrome has locked themselves into a dynamic where they have to keep up these antics or their share price gets obliterated.
Misleading 8-Ks and press releases attract stupid, short-term investors. Exactly zero of the press releases made over the last several years have developed into anything of commercial substance. Serious investors aren't tolerating these antics anymore. That's why these PRs aren't leading to any sustained share price increases.
They’re diluting shareholders to market something that doesn’t even really exist. Honk honk.
I’m not really even sure what they’re marketing. Main St. Shopping barely has any vendors. Their social media platform is awful. They don’t actually have a service related to NFTs and have shown that they’re incapable of building anything fast, so they won’t for a very long time, if ever.
It’s even more ridiculous when you consider the fact that $2 million is ~2x what they spent actually building their platform last year. Seems backwards to me.
Also wanted to add that the 8-K contained the words “and the growth of the shareholder base”. They’re diluting existing shareholders to fund advertising to attract new shareholders.
Tautachrome has zero chance to win this contest. Mgmt didn't know anything about NFTs a few weeks ago. They just have a patent that kinda sorta sounds related to NFTs, so they've been using that to convince shareholders that they're now an NFT company.
Tautachrome shareholders just do not understand how patents work. You don't own the idea. Thomas Edison didn't own the idea for a light bulb. He owned a specific process for making a light bulb. Shareholders seem to be permanently confused about how all of these other companies can offer similar platforms to what they envision Arknet will be like at some point in the future. I'll clear that up. They're not infringing on your patents.
Share price was higher for most of 2017 than it is now. Shares traded as much as 100% higher around the launch of the app. If there was even 10% as much "progress" here as bulls believe, shares wouldn't be lower now than they were four years ago. Share price has been driven by silly PRs and not actual fundamentals. After four years, you'd think people would start demanding some tangible results, but no, shareholders are perfectly content with the vague "progress" that is discussed on Telegram.