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I have not been on this board in over a year but have been keeping up with this. I guess it was no real surprise too many of us that this would happen. Mark Leonard may ave finally showed his true colors and the paperwork filed by the accountant confirms what many people have been saying for a long time.
I lost 97% of my original investment and as some of you may remember I has a huge amount of stock. It was money I could afford to lose but still losing any money at all still hurts. Now that I am out of this fudge-packer stock I can release the grip on my ankles and stand up again. This will certainly be a reaming I will never forget.
Good luck to all!
NO NEW DEALERS
There have been new verifiable dealers in almost a year. We still only have two dealers. One of them is in Australia and the other is in Montana. Mark pulled his dealer packets last fall and then just rerelased them very recently.
I have done allot of DD and former Rhino dealers and can you there were not hundreds and hundreds of dealers. The exact number is unknown but I was able to find around 30. I have no doubt Mark had more than 30 dealers worldwide but he did not have hundreds.
What is really sad and yet unexplained by Mark is why these former Rhino dealers are not yet on board with Tytan.
I could not agree more. That is right on the money. There is no intention to audit anything. Just like the promises of on-time financials, and new dealers we cannot count on anything.
There comes a time when all of the talking has to become reality. You cannot continue to make statements that never come to fruition or promises that are never realized and expect people to believe anything you say. I for one am having a hard time with much of this. I still want to believe that we are dealing with a person of integrity but that ship is about ready to sail for good.
Have a great weekend all I am off to Vegas with the Mrs. For a few days.
There are 2 verified dealers. There are no other dealers mentioned anywhere. One is in Australia and one in Montana. Dealer Packets were reworked end of last year and just recently re-released. There has been talks of new dealers for at least the last 6 months. We have yet to hear of any new dealers.
What happened to all of the dealers that Rhino had? Why are they not on board right now?
Mark cam make all the claims he wants about doing an audit but he cannot even file his financials on time. There is IMO no reason to believe that the audit will ever get done.
YTO did confirm to me in an email that Tytan was the sole North American importer of YTO products. I commented on that several times. That is hardly the issue from where I am sitting.
For me the issue is that Mark has made statement after statement that he is adding dealers. The fact is he is not. There are only two confirmed dealers that have been on board for about one year. Mark has just started sending out new dealer packets after putting them on hold for almost 6 months.
Mark is trying to lead people to believe that he is adding dealers. The facts are he is not adding dealers. There is zero evidence that other than the Aussie and Montana dealers, there are any other dealers.
Hard to say. I talked to these folks last fall. So maybe something has changed but last fall they were not a Tytan dealer.
No new dealers in months and months. Not one Rhino dealer has ever been signed up. This all speaks to what Mark is now capable of.......
If you call them they will tell you they are not a Tytan dealer. At one time they were going to sell Tytan implements but not the tractors. They are not affiliated in anyway with Tytan and the page you refer to is an old page they have not taken down.
Even if we could say Tytan had three dealers instead of two does not take away from the fact that Tytan is not adding dealers as Mark would like everyone to think.
There are no new dealerships. Since last the Aussie dealer came on board last year there have been no new dealers. NO NEW DEALERS. Besides Mark, the dealer in Montana and the Aussie, there are no new dealers. Mark pulled his dealer packets last Oct/Nov. time frame and just recently reissued them because he made changes. During that 5 or 6 month time frame Mark has been saying he is signing up new dealers but he as yet to sign a single new dealer up.
If Mark was such a great dealer and had so many Rhino dealers then why are those Rhino dealers not rushing in to sign up with Tytan and Mark? Part of the answer lies in what happened after Mark sold Rhino off. The company that bought Rhino did not take very good care of the dealers and there were some issues.
But if Mark was so great then why are these old dealers not rushing back to Mark. I for one think that says more about Mark's character and integrity than anything. Unless Mark has a very good reason why these former Rhino dealers are not rushing back then we have a real problem.
When you look at all of the missteps and inaccurate statements Mark has made, and the fact his financials are late most of the time, it is hard to believe anything coming out of his office.
We do not know where the sales came from and Mark needs to step up and tell us. Either they came from last years sale of inventory to the Aussie or they came from US sales or a combo or both. My guess is that they came from the Aussie inventory purchase and Mark held them back until now to say this quarters sales were up. When in fact the sales were from last year and he is not selling any inventory in the states.
You may be right about that. But unless the Aussie sales are funneled through another entity or there is some side deal we all all unaware of, then they have to show up sometime.
At one time there was a comment floating around the Aussie received three shipments but I have been unable to confirm that at all.
I to am highly skeptical of his numbers. Until we get an audited financial these numbers really mean nothing. I think the sales numbers are from the Aussie inventory purchase from Mark and not from any US sales.
Ok here is why I am not excited about these financials. Where did the increase in sales come from? Did it come from tractors sold in the US or did it come from the inventory the Aussie dealer purchased? Does it make a difference? You bet it does.
If the sales came from the Aussie dealer than Mark did just as I said he would and he sandbagged the sales from last year. Why? This way he could continue his deception that Tytan sales were down because the AG industry has a bad couple of years. This is false. He can then say 2012 picked up just as he has been saying for last couple of months. The deception continues.
I want Mark to open up the old Mailbag and tell us where the sales came from and how much inventory he moved off of his lot. He will of course never do that because there probably has not been any. I am sure he is hoping that his sales in the US will pick up so he can report sales increases for the 2nd qtr. Mostly because the Aussie dealer will not be placing an order for a while.
Mark while you are at it please ungag the TA and give us audited financials so we know that you are reporting correct numbers. I am still highly skeptical.
Because Mark does not have a handle on his financials. He does not get a slap on the back from me until he continues to file these on time and we see audited financials
tractors-here
This is their outstanding website. I think it was done by the second cousin of the brother-in-law of the person who is designing Mark's website.
I agree. I will be very skeptical about those numbers. For me it will be the 2nd and 3rd qtr. numbers that will be the most telling
Even if there is a significant increase in sales it can not be trusted. Unless Mark reveals where the sales came from we will never know. If we do see an increase of any measure it is my opinion that it will be the sales he has not reported from the Aussie dealer.
If you believe that the Aussie dealer has had three shipments of tractors then Mark saw some money from that. It is my guess he is now crowing about sales increases because he can show the Aussie sales. When in reality he still has sold nothing from his own lot. He will just be trying to justify his false statements the Ag industry is having a bad year. When it is fact that only Mark is having a bad year. The second and third qtrs will be much more telling as far as I am concerned.
I still think that Tytan has great potential and at one time so did Mark. But Mark needs to sell tractors and stop worrying about the Mailbag.
People in business sometimes promise to much to clients and shareholders. Every business has done that to a point. But when does that over promising become a problem and start to hurt the credibility of the company and its CEO?
Mark has certainly crossed that line. When I go back and look at the statements he has made I get very frustrated with him. I can cut him slack on some of it..like the filter program. That program will take time to start. Though I think he needs to turn the filter program over to one person to handle or get out of it all together. But there are so many statements from Mark making claims of things to come that have never happened.
So Mark stop talking. Please just sell tractors.
Just like the financials it is poorly executed!
It does look like the Aussie has some tractors but how many is in question. I am starting to seriously doubt that there were three shipments and quite frankly I do not know where that number even came from.
As I mentioned in another post it seems to me that the tractors are probably being shipped directly to Australia and not here first. It would make no sense to do that and would just drive the cost up to the buyer.
If there were sales to the Aussie dealership then I would like to know when and if they will ever be reported.
I tend to agree with what you said there. The numbers do seem to right themselves with the year end filings. I think this all goes back to just plain and simple sloppy bookkeeping.
It also makes me wonder how the Aussie tractor sales will show up. If there really was any sales. I would not put it past Mark to sandbag the sales and report them in the first qtr, though they were from last year.
Is it just opinion that Zecco did that os is it fact? If they are buying back shares to cover a scam then why are the shares not showing up? I will sell them my shares for what I have in the stock now. Do they need my phone number?
One more quick note before I take my wide out for brunch on Mothers Day. I bought millions of shares before the split. It was my goal to have one million shares after the split. I accomplished that goal. No one wants to see this pps go,through the roof more than me.
This is money I could afford to lose but that does not mean I won't to lose money. I have a investment here like everyone else and I am going to hold Mark' feet to the fire. I expect him to be a good steward with my investment. A investment I made on the DD that was available 16 months when I first jumped in to this stock.
In the last 6 months Marks's credibility has wained because of all of his broken promises and inability to increase sales, bring on new dealers and constantly late financials.
Personally I think it is because he is spread to thin and needs to concentrate solely on sales and new dealerships.
What I am saying is that if there were sales to the Aussie why have they not been reflected on financials as of yet? If there are sales reflected, and I hope there are, then my question is where did they come from? Those Aussie sales have to show up somewhere. That is if they really exist
Any increase in sales is a good thing and something we are all looking for to move this company along. But with all that has happened it would not surprise me if Mark is sandbagging the sales number to reflect a good first qtr. Why would he do that? Simple. He would be trying to cover up the fact that he has no US sales.
He could take the sales to the Aussie that happened in 2011 and report them in first qtr of 2012. That way he can give credence to his untrue statements that 2011 was bad for the industry but 2012 has picked up. Thus hiding his inability to sales tractors but giving himself more credibility in order to continue his deception
This is jmo and just one scenario that is possible to me based on what has transpired over the last year with Mark. I hope I am wrong
I agree completely. My big concern is that if the Aussie people really got three deliveries, (which I doubt) then when is that going to be reported on financials. If we do see a significant increase in sales then my guess is that it came from the Aussie Dealer. Mark might be sandbagging the numbers.
I will check again. I think that the Aussie dealer is getting his tractors directly from China. It would make no sense to send them here and then on to China. I would like to know when Tytan gets paid though. I also want to know when that money is going to show up on the financials. If the financials show a big improvement for the first qtr. then I bet those monies came from the tractors shipped to the Aussie dealer. That is JMO.
The Montana dealer has tractors. When he got them and when these tractors showed up or will show up on the financials is anyones guess.
Surprised by the numbers? Not at all. Surprised by Mark making more broken promises? Yes. I expect the first quarter numbers to look bad as well. My hope is that Mark gets his rear in gear and we have sales for 2nd and 3rd qtr. I am not holding my breath at all and here is why.
Mark is making the claim the the tractor industry had a bad year and that is absolutely untrue. Mark had a bad year but the industry had a good year. So why is Mark being so misleading? Because his lack of sales is from one of two reasons. He is either spread to thin or he is not the salesman he was when he owned Rhino. Next week I am going to call of some of the independent dealers in his area and see what kind of year they had. I will probably not get any to talk to me but I am going to call anyway. I am sure the local ag guys will give me a good idea. It could be that, that is the one part of the country did have a bad year for selling tractors. But I am not going to take Mark's word for it and I am going to find out for myself.
Mark made claims that he was adding more dealers. He said that for the last year. That was untrue. He has one in Australia and one in Montana. Even after he added them he made claims he was adding dealers and that was untrue. I know a guy who tried last October/November to get a dealer packet from Mark and Mark told him they were redoing the dealer packets and they would be ready in Feb. 2012. So during that time frame Mark was not adding dealers because he had no dealer packets to give out. More BS from Mark. He should have just been honest to everyone instead of making those claims.
When you are late with financials it shows two problems. One you are more than likely hiding bad news and two you look like you are not on top of your business. I own and run several business and at any given time I know my sales and how much money I have in the bank. Pretty simple stuff.
I have said along I am going to wait until 3rd qtr. of 2012 to decide if I stay of go. But I am not going to go quietly. I am going to continue to speak my displeasure with Mark and how he is doing. If he does a good job I will praise him. However he has lost much credibility and needs to regain that
I have gone over the year end financials with a fine tooth comb and there is really nothing to crow about here. The sales figures are laughable at best and make Tytan look like an awful place to buy a tractor from. How do you go three months and only sell one or two tractors? That is an easy answer. When you are worried about a filter program that has no legs as of yet, trips to China and your financial house is a mess, you have your answer. If my sales were that bad I would file as late as possible as well. Late filings are indicative of something that is being hidden from shareholders. In this case it is crappy sales , no dealers and so many broken promises that I am ticked off beyond anything you could believe.
I do not believe for a second Mark is dishonest and I think he has integrity. But I do have to question his ability to run this company. He has lost so much credibility with shareholders that anything he says now, without real proof to back it up, is suspect at best.
So here is the deal. Mark you have lost your way and have little chance left with me. Do the right thing here. Sell me Tytan. Yes you read it right sell me Tytan.
Mark also needs to hire an office manager who knows what they are doing. Let this person handle the business side of the business for Mark. Then Mark can handle sales and new dealers and the new business manager can get the financials done on time. Since Mark continues to fail us all on that one
I for one want Mark to either drop the filter program and concentrate on sales and bring on new dealerships or just turn it over to one person. Let that person handle the filter market while Mark concentrates on new dealers and sales. Pretty simple.
I think there is no question that over the next several quarters we need to see sales increases. We also need to see dealers coming on board because it is obvious that Mark is not selling much of anything off of his lot.
He would do allot for his creditably and shareholders if you would tell us now how sales are, in terms of actually dollars. I could careless about percentages because if you go from 1 tractor sold to two tractors sold you have a 100% increase in sales. So show us the numbers in sales Mark. Maybe then we can see this pps start to move again.
The first qtr. 2011 financials were not released until around June 8th. I would suspect we can expect the same this year. Mark's record on getting financials out on time is not so good.
DD I think that is right. I buy shares through three different brokerage houses and I believe that counts as three shareholders. I may be wrong but thought that is how it was explained to me a couple of years ago.
The one place I would disagree is that I think Mark does know how to sell tractors. He has a history of building a tractor business and bringing on dealers. I still think he knows how. I think he has lost focus and is spread way to thin to be effective in any areas of running this business. I also think he has had his head filled with grand ideas from his two advisors that I want him to get rid of...........
He need to focus on selling tractors and bring on dealers and forget about everything else. When a company loses focus on what they are good at you get what it seems Tytan has become.....
I will stick around through end of 3rd qtr and if there is not a significant change I will dump all of my shares at one time. That gives him 6 months to make the needed changes to make this company a success. But that is all the time I will wait. Unless of course something stupid happens like mure dilution
Mark was looking for a way to take Tytan public and he found it by merging with Glaser. Glaser was owned by Tytan CPA Jerry G. Leslie and Tytan consultant Paul Stringer. . Since last year I have been wanting Mark to jettison these two guys but he continues to take their advice.
The problem I have with Mark is it looks like he lied. He can say all he wants how bad the market was for the last two years but the market was only bad for Mark. The market was good for everyone else.