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If ML and Tytan are for real then after the R/S, a market cap of "just" 21 million (or so depending on the actual O/S at the moment) would be a pps of 1.00.
Here's to hoping ML and Tytan are for real. Uncertain at best for the time being.
Maybe a PR since we had the shareholders meeting today (or was it in 2010 as dated in the notice of the R/S that was just sent out)?
If there could just be some attention to details in PRs, notices, websites, etc. It's not that hard to have someone proofread things - maybe one of his daughters could do it.
Well, it would only require a little more than the last trade at 25 million. I hope whoever put $5000 up knows something.
Gasping for air at least - did you try the links on that page - no directors, no contact information, but a nice story with many spelling errors about Mark enjoying fishing as a kid.
Dead or pathetic - a website should not be that difficult to have links that work and content that isn't embarrassing for all its spelling and grammatical errors.
And as someone pointed out, click the "news" link, it goes to that lovely restaurant place mat masquerading as a trade in form.
I'm all for ML pulling it together but he's clearly taken shareholders out of the loop. And who are the directors of this great company?
TYTAN WEBMASTER - Many of your links go either to the wrong page or go no where (of course, the investor contact link is dead; no information). Really, is it that hard to link things properly? No, even I can do it.
That's not encouraging. I guess it back to CDs, bonds, and blue chips if this Tytan thing doesn't come together.
Wow, that's one ugly Trade In form. Couldn't he/they try to make them look a little bit professional (looks like a cheesy restaurant table cloth)?
"It's gonna be big, Bob." Has Bob sold his position, whoever he might be?
Wow - no idea what that means. I hope it meant something to you. Best wishes.
Oh, and GO TYTAN!
The A/S and the O/S apply to the common stock so that's a non-issue. What won't be R/S'd are the preferreds.
It's still up in the air as to whether or not the A/S will be proportional or stay the same.
Basing the future on just one quarter is foolhardy. Let's wait to see what 4Q 2011, 1Q and 2Q 2012 bring. Perhaps Mark can redeem himself and the company but it all depends now on the future, not the past.
I'm hoping all those secret groups of investors in the Bahamas decide this is the one to play this year - it's up to them, not us.
Just ask Opus Dei.
It's hard to put any faith in an argument with simple math errors.
1,000,000 / 150 = 6666.66 not 666
I'm all for good news and agree that it's not worth selling. I'm waiting for Mark to explain his actions.
I have two accounts with Ameritrade and received (in the mail) two of the notices of the vote. It had the Jan 3 2012 date but also a Jan 26, 2010 date for the meeting.
I assume Mark took out an old notice and either he or the TA did a piss poor job of modifying the dates.
Step by step - I don't have PM capabilities. You may believe my post is absurd but if the market perceives TYTN as a failure (as it does now), it places TYTN and ML in the realm of other penny scams.
Again, I'd be happy if ML were to prove me wrong but actions of late suggest dishonest and deceptive actions on ML's part (plus his association with individuals who have a history of such behavior). How can ML claim transparency when his actions (the vote for the R/S; no information on the increase in the A/S; announcing that YTO is undergoing management changes and has decided to forgo development of a potentially major market, etc.) speak differently
You're correct that I'm displeased with Mark Leonard and his actions. At a minimum, he has created misperceptions over the past year. I have to wonder if the tractors and the Tytan name are photoshopped.
Mark's reputation right now is in the toilet. Perhaps, he needs to do something transparent and up front.
Apparently, the Rhino story was enough to create a fabricated second company that could be sold (shares). Mark Leonard should be ashamed that he participated in such a scam but given that he did it's unlikely he has a conscious.
Prove me wrong ML.
Agreed. Also, if Mark did blame Niko for people selling the stock, that is simply beyond pathetic.
Also, stating that YTO is on hold because of management changes is equally pathetic and a clear precursor to announcing that YTO and Tytan will not be working together.
Mark - either put out some facts or admit you're a scam CEO.
Niko has a right to be angry given the apparent lies that Mark Leonard put out over the past year. If they were not lies, then ML needs to clear the record.
As of now, anyone who invested in this apparent POS has a right to think Mark is a POS.
I would be happy for Mark to prove me wrong. I'd even offer an apology but it doesn't look promising.
The fact that Mark has not addressed the reasons for the increase in the A/S, and now the R/S means he's likely full of B/S.
Time to explain yourself ML, if you can.
The fact that ML would send out a notice in this fashion - late - and with complete confusion about dates speaks VERYLY POORLY of his abilities as a CEO. It isn't that hard to mail something that he planned in a timely way.
Several days ago I thought the likelihood of a positive outcome slightly outweighed that of a negative outcome. At this point, ML has shown his cards and it appears that any investment in his actions are a complete loss.
Sorry, but that's where I land today. ML appears to be just another scam CEO.
Shame on Mark Leonard. If he feels he has to blame Niko for shareholders losing money then he is delusional.
Own your own actions ML.
Either big things start happening with Tytan or Mark won't be able to dump any more shares. His intentions/actions will be clear soon enough from what happens in the next few months.
One can make an argument for either outcome. There does seem to be plenty of inventory and then there is the uncertainty of what Mark's intentions are - why the increase in A/S (to purchase inventory, position the company for expansion or an attempt to fleece investors of their money)?
IMO, it could go either way at this point - although I'm leaning slightly toward a positive outcome based on what I see.
My focus is on the part of the message that says there will be a meeting on 1/27. Perhaps that is incorrect but it appears that the message implies there will be another stockholders' meeting on 1/27.
I surprised no one is discussing the shareholders' meeting that is part of the 150:1 communication iin Yak's account email. That seems like a potential positive as there is usually something more to share than just a confirmation that a reverse split is happening.
It would be great if someone in the area of Kalama could go to the meeting.
Fabulous - a shareholders' meeting. ML is making himself available to shareholders. Given how attacked he's been on this forum, he must have something absolutely fabulous to share at the meeting.
See you tomorrow for my next post (one a day).
It would truly be odd if the pps were any higher. I think at this point, waiting to see what happens is a better option than conceding defeat (selling one's position for a considerable loss).
Does anyone share the view that this is cleaning house on the shares? I suppose it's possible.
I do find the purchase of Tytan Financing to be odd. Seems like just a way to give two preferred shareholders money - seems dishonest/unethical to me.
So, I remain concerned about ML and his croonies. Why is he associating with individuals who appear to have been part of questionable otc stocks and transactions? Makes me question his integrity.
Unfortunately, for an "honest" businessman, he sure is associated with a lot of dubious characters. You are the company you keep so I guess that tells us something about our marvelous CEO. Hard not to think he's a _________ fill in the blank.
Looks like the devil may have come to him and he sold his soul.
Given that a r/s is in the cards, I'd like to see a 1000:1 reverse split. Drops the o/s to 3.2 million and the a/s to 6.5 million. A one for one price would be .30 so if we hold at 70 to 90% we're looking at .21 to .27.
However, given how low the market cap is (972K), I believe we should see the price rise IF there is good news coming.
3.2 billion shares scares off investors. IMO, this had to be done.
Where it leads depends on the company's development.
There are over 2000 shareholders. I'd just as soon he spent his time running the business. If he has a few that he has contact with, fine but I don't expect him to respond to everyone.
I'd venture that the vast majority of public CEOs (otc, big boards) rarely communicate directly with stockholders, except via news releases and, sometimes, shareholder letters.
The determining factor in the end is the market cap - not the number of shares.
There is no evidence of an R/S but let's say we go for a 1000:1 and the number of outstanding shares goes to 3.2 million. If you have 28 million, you would then have 28,000.
However, let's say the market cap (based on sales, etc.) rises to 3.2 million or 1.00/share. You'd have $28,000 in value. Currently 28,000,000 shares is worth $8400.
Increasing the market cap of the company is what ultimately matters.
An r/s can be a good thing, a bad thing, or a neutral thing - just depends on a number of other factors.
The key for all of us, including Mark, is increased revenues and profits.
Is the company buying back shares? The o/s as stated above is 1.9 billion and your calculations use 900 million (projected)?
1000% gain puts us at .003 and a market cap (3.2 billion x .003) of 9.6 million. That's seems achievable and I'm sure we all have expectations of ML doing even better.
Thanks Yak for pointing out the value of the implement sales.
All in good time.
What is this company worth? It depends.
Here's my take:
Let's assume across the various tractors that Tytan makes an average of $2000/tractor in net profit (that could be low, could be high - chime in anyone who knows).
If Mark can sell 40 tractors per quarter, that amounts to $80K profit per quarter or $320K per year. If the o/s is 3.2 billion that amounts to .0001 cents per share profit. Let's go with a p/e of 15 and we're looking at .0015 per share.
If he sells 80 per quarter, the share price would correspondingly be .0030 per share
160 ---- .0060
320 ---- .0120 (that would be 1280 tractors a year).
and so forth. 12800 tractors a year would be .12/share
Can Mark do it? If YTO is really on board, then yes and then some.
I'm just playing with numbers and my assumptions could be off but I still think of all the otc stocks I look at, this has the most likely promise of being do-able.
Other otc stocks are dependent on some great new technology being adopted (usually never is), gold in found in deposits (more hopeful than real) or oil lies in several hundred acres in Wyoming. They depend on hope more than reality.
At least TYTN exists in a plausible reality.
Again, can Mark do it? Who knows but I figure it's worth my "investment" more than most other otc stocks.
Just my opinion and I could very easily be wrong but somehow, someway, this company is different from most of the other stuff I've looked at.
Perhaps, it's my favorite stock of 2012 (with a nod to hyrpower).
We're either at the bottom and heading up or we're toast. I'm not about to butter the toast just yet.
There is NO date for a reverse split.
EOY sell off about to end - only because it's the end of the year? This stock is one tick short of the lowest price point possible. Either it goes up or implodes.
That said, I was waiting for funds to clear to purchase a chunk which I did today (8.27 million shares). Obviously I think it's going up but...
Yak - thanks for the 854 purchase and the inventory report - made buying this a little easier.
I'm likely to still complain about ML and the company until a lot of uncertainties become clearer and that's up to ML.
I'm a one post a day occupant.
Let's hope the new year reveals the truth behind ML and Tytan. I'd like to believe ML is honest, hard-working, decent, etc. The silence regarding the increase in the outstanding shares, apparent gagging of the TA and other factors leave me to wonder.
It's amazing what a rip off the otc stock market is in general. There are exceptions and I hope this is one of them, but, overall, the SEC and others who allow what goes on with stocks borders on criminal.
Support for the stock seems rather weak. At least the bid is fairly robust in size.
100 million shares can be had now for $20,000 (assuming one hits the bid at .0002). That pales in comparison to a value for the same number of shares at .005 ($500,000). That puts the impact that ML's dumping has had on the share price in stark terms - half a million to $20,000.
I hope ML has something big going on - the share price suggests that no one believes it at this point. Who's fault might that be Mr. Leonard?
Are we at 3.2 billion o/s or closer to 6.5? It can't be that hard to let shareholders know that so for now, ML's credibility is pretty low.
Max - Thank you for your reply. I'm not a member so can't respond privately. I share you concerns (unrelated to Tytan). Happy holidays to you and yours as well.
Max - You've left TYTN. I see that you have VUIFinancial down as one of the crooked IR firms which TYTN had used but supposedly fired. Would you be willing to share what led to your seeming change of heart with TYTN (besides the .0002 share price)?
TIA
my guess is that someone hacked his account. Wonder if we see .0004 next week or .0001. Hard to even guess at this point.
Meanstreet: I hope you're correct. Have you had contact with ML and Tytan directly? My concern with these pinks is that a company can appear very promising based on Internet sources (e.g., company website, message boards, etc.) but have limited actual potential for success. I'm just wondering what your support for Tytan is based on. TIA.