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Any bets on when TCHH goes to .0002? Geeeez.
Volume has picked up in the last 2 weeks or so. If it picks up more this week I think that will be a telling sign that news is down the road.
I agree. I've held this stock for over 4 years and, to my knowledge, can say that more shares have been purchased this month than in the last 2 years combined. I don't know why, but also agree, there must be a buyer interested for some reason. They seem to want to accumulate as much as they can at .0001.
I wonder how many shares will have to be bought to bring the price to even .001. I'm glad it's someone else's money trying.
Over 24 M traded makes me wonder what is going on.
The CEO is probably collecting 100% of the profits of the company and stuffing it into an offshore account somewhere for a lucrative retirement. I can't think of any other reason for not communicating to the owners of the company.
Why in the hell is this stock up 38% today...I haven't seen any news. Maybe insiders are buying before the news release???
The entire volume at that price is a wopping $10.03.
There is an advantage to holding a stock that's worth .0001 or less. When the market corrects, TCHH "holds it's ground". lol
I agree. The only thing we know for sure about this company is their severe lack of communication. However, on the other hand, "pink sheet" companies are not required to communicate.
It doesn't make sense for a "dead" company to spend money updating their website recently, adding new product offerings, and keep paying for maintaining the website.
I'm wondering, and maybe wishing, if that volume of 200K is an MM "200" code. (Need stocks badly...).
6M shares held here until the stock rises or the company goes out of business.
According to this website, Claudio Lai is still the Chief Technology Officer of Trustcash....he is also a manager for Fluidcast...
http://www.fluidcast.net/contact-us/management/
As I see it, there are only 2 options that will move this stock significantly higher. A buyout/takeover or legitimate communication from the CEO (which hasn't happened for over 4 years). I think the chances of either of these are about the same as winning a lottery.
Could you please tell NY that they are not operational....that should clear them of the subpoena.
Trustcash Holdings is operating. Their business is legal (although they have been under scrutiny and subpoenaed with other bitcoin companies). The stock price is dismal because the CEO does not offer any news, finance results, outstanding share information, or any other bit of relative information. So, it's only speculative as to what the stock is worth.
BTW, bitcoins are legal exchange in the US if they are for the barter of goods or services. I would not recommend anyone buy this stock now (because of it being non-reporting). But as I said before, there are several of us TCHH stockholders that will not sell our stock until it goes up or out of business. GLTA.
I've been waiting about 6 years to see a bid on this stock....still waiting. In the meantime, I'll have to just assume the CEO is off-shoring all the profits of the company for a "personal retirement". What other reason would there be for non-reporting to the owners (stockholders), yet the company has been in continuous operation year after year.
Vinnyja,
I own 6M shares. That's anybody's guess as to % since there's no reliable reported outstanding share numbers. There's not much that any shareholder can do to convince the CEO to be responsible. I'm just hoping that someday this company will become attractive to an outside investor (that actually reports and cares about the people who own the company) and wants to buy it out. As far as reporting requirements, pinksheet stocks have a very loose leash.(See link).
http://www.otcmarkets.com/learn/otc-company-reporting
Again, I would not recommend anyone buy this unless it's just as a "lotto ticket". Good luck.
Trustcash is legal in the US (and many other countries) for the most part now. They are providing a prepaid payment method. Also, bitcoin, which may be a small part of their business, is legal in some cases: (see link).
http://www.coindesk.com/information/is-bitcoin-legal/
I've owned a large chunk of this stock for over 6 years. I would not suggest that anyone buy this now because this company has been non-reporting for over 4 years, but I will not sell my stock until it goes up or the company goes out of business. GLTA.
Getting more nibbles this morning. If volume picks up, stand back. (As always, just my opinion).
The only fairly official, but admittedly "dark" information I could find on TCHH is here:
http://www.otcmarkets.com/stock/TCHH/profile
Could be 848+ Million O/S and 7.5 billion A/S. Who knows....
I've had this stock for over 6 years. I noticed TCHH has expanded operations and improved it's website (in the last year or 2). I'm guessing with Bitcoin becoming legal soon (IMHO) they are an excellent buyout target.
No one knows for sure because this company is a "black hole" for information. However, posts #4940 and #4947 share some guesses.
Looks like TrustCash is operating in Arizona anyway..
http://azappblog.com/2012/12/21/searchtoppers-v-trustcash-ca1-122012/
TCHH may be making money right now, but we'll never know because the CEO operates the company as if it were a private company. For the last 18 months or more there's been no statements provided, no news, no shareholder updates, no shareholder contact info responded to. It's a blackhole. I bought a large chunk of stock years ago when they used to report. I still have it but it's worthless under these conditions. GLTA.
Algae biofuel ... the future??
http://www.worldwatch.org/node/5391
Since Brazil uses sugar cane for virtually 100% of it's ethanol production, maybe we can tap them on the shoulder and have them look at LiquidMax. Just a thought.
No one will answer their listed phone numbers except the "rent-a-customer-support" workers (which seemingly know very little about the company).
There is no published financials, company management structure, or other pertinent news of late.
We shareholders, (and I own 6+ million shares), are just the owners of the company...and we know nothing now....lol (not really funny, but I have to laugh to keep from getting otherwise upset).
Most of the stocks that traded last month were at no price. At least that's what a Fidelity message was telling me. I don't know what's up but I still think it was an exchange of shares for "something". Let's hope it's good for shareholders.
You would have a fist full of worthless stock certificates.
But I have hope for TCHH. Granted TCHH has been "stealth" for several years, but they are starting to appear on social networks (FB and Twitter) and are appearing with such partners as BitInstant as of late.
IMO, TCHH needs to:
1) Restructure shares because few people will be attracted to a company that shows no profits and has 14B shares outstanding (if that's the number) that are practically worthless.
2) Simultaneously release good news about their revenues (if it's good).
These two things need to go together to create an attractive investment, or the company will eventually go under, because they cannot continue to print shares forever and provide no communications to the shareholders.
Gator, I have stated this in past posts, but have no comments on my posts, so I'm not sure if anyone is reading them or not. But...I think Trustcash (at least) just simply has one or more banks accounts with the major banks. That being the case, it is not likely that the average banker would have heard of them. I have a BOA account. If you ask about me at your local BOA I'll bet they never heard of me either. From what I've read, Trustcash acts as a go between. Bitinstant, you, me, or anyone paying something anonymously, pays Trustcash and they deposit or withdraw from the bank (depending on the transaction). These transactions can be in bitcoins or dollars to Trustcash. The bank would only see a single account number debit or credit transaction.
I could be way off here, but I think the best pursuit is to try a small transaction yourself. Using the Trustcash web to start with.
Thoughts??
Check the 9/21 posts for stock ownership counts.
Yes. My point was that people are posting any article about Bitcoin and assuming that's directly related to Trustcash. Not necessarily true because Bitcoin is a currency (not a company). Many companies may use bitcoins with no relationship to Trustcash at all.
Stupid question to address to mostly owners of this company.
Tesla is putting the superchargers in for the US. Who cares about Japan.
http://www.csmonitor.com/Business/In-Gear/2012/0925/Tesla-superchargers-up-the-ante-for-green-technologies
I agree. It's not wise for the Government to get into capital investments.
I respectfully ask posters to please be careful in your assumptions.
For instance, Trustcash has only been proven to be involved with Bitinstant (the company), and then only with "cash deposit" transactions; not all transactions. Bitcoin is a global digital currency; (not a company).
http://en.wikipedia.org/wiki/Bitcoin
I'm not trying to throw water on the parade, but for the sake of honesty and newcomers reading these posts, they should be as accurate as possible.