TYTAN INTERNATIONAL INC LIQUIDATED IN CH7 BANKRUPTCY

Below is the link to the filing.

http://www.scribd.com/doc/183716085/Tytan-International-Bankruptcy

Mark A. Leonard CEO of Tytan International has previously filed personal bankruptcy in 2013. Subsequently CEO Leonard filed Ch 7 bankruptcy for Tytan International Inc, the wholly owned subsidiary of Tytan Holdings Inc. As of this writing, Tytan International Inc. no longer exists.

Tytan Holdings CEO Leonard is currently the defendant in an adversarial challenge. One of the primary issues is what happened to the nearly $900,000 raised in the sale of Tytan Holdings stock.


___________________________________________

SEC COMPLAINT REGARDING TYTN AND CEO MARK LEONARD

Below is the text from an SEC complaint filed. It may be interesting to review it and see how legitimate it is now. This complaint along with hyperlinks to supporting evidence is located at
www.issuu.com/tytantractorinfo
----------------------------------------------------------------------

SEC WHISTLE BLOWER COMPLAINT REGARDING TYTAN HOLDINGS INC
AND MARK A. LEONARD


I am reporting what appears to be a classic penny stock scheme.

I have been in litigation with Tytan International (subsidiary of Tytan Holdings Inc.). Through this litigation I have become aware of apparent reporting fraud perpetrated by Tytan Holdings Inc (TYTN) and it’s CEO Mark Leonard. Through the process of discovery I have obtained “original” information to support my complaint. I anticipate additional discovery will become available in he near future as we pursue further litigation and discovery.

In 2009 Mark Leonard acquired Ault Glazer & Co (AULT). Prior to Mark Leonard’s acquisition, AULT was regarded in the industry as a “shell company.” (http://pennystockgurus.blogspot.com/2010/04/tytn-revenues-and-assets-growing.html). Comments from many investors on www.investorshub.com discuss AULT’s notorious reputation.

Following acquisition of AULT in 2009, the name was changed to Tytan Holdings Inc (TYTN). Mark Leonard then publicly promoted “significant increases in revenue” by it’s newly acquired subsidiary Tytan International. Meanwhile, in litigation, Mark Leonard was claiming significant decrease in revenue since 2008 in excess of 70%.

Tytan Holdings later increased shares by more than 5 billion which were sold until the price per share was less than .0002. Tytan Holdings later did a reverse split of 150 to 1. The share price has continued to fall to a pre split conversion of .0000666. Conversations posted on www.investorshub.com indicate investors have realized huge losses. All the while proponents on Investors Hub continue to promote the stock.

Below are five primary areas of concern I have been able to clearly define and support. I have provided hyperlinks to supporting documents which are imbedded in the text. This document (with active hyperlinks) along with supporting documents are located at www.issuu.com/tytantractorinfo. TYTN public filings can be found at http://www.otcmarkets.com/stock/TYTN/filings

1) STATEMENTS REGARDING INCREASING REVENUE
a. Tytan claim-“ Tytan International, Inc. a wholly owned subsidiary of Tytan Holdings, Inc. has seen significant revenue growth through 2009 and early 2010 and is currently estimating about a 43% gain year over year.” ( Annual Report 2009. 13th pg, Q1 2010, 12th pg, Q2 2010 inactive, 14th pg.
b. Tytan claim- “Tytan International Inc CEO Mark Leonard has seen significant revenue growth so far in 2010 and is currently estimating about a 43% gain year over year.” (Tytan Holdings Inc press release 3/4/2010)
c. Fact- During deposition on 8/19/2010, CEO Leonard indicated business was down 70% since January 2008. Deposition page 91. Line 22. (Note: This is made only two weeks after the above Q2 2010 claim was made. )
d. Fact- Tytan International provided accounting discovery indicating revenue had declined significantly since January 2008. Total sales 2008-$1.6mil. Total sales 2009- $692,134

2) 2009 TOTAL SALES
a. Tytan claim- Tytan Holdings 2009 Annual Report (34th pg) claimed “total sales $1,518,642.”
b. Fact- Tytan Holdings Q3 2010 report (14th page) claimed 2009 total sales $673,745.
c. Fact- Tytan International reported 2009 total sales of $692,134 during discovery process during arbitration (Tytan v. Bogden)
d. Fact- Tytan International reported gross sales of $673,745 for the tax year 2009 on IRS form 1120 line 1. (Available on request)

3) TYTAN INTERNATIONAL LINE OF CREDIT
a. Tytan claim-“Tytan Holdings is not in default of the terms of any note, loan, lease, or other indebtedness or financing arrangement.” (Tytan Holdings 2009 Annual Report certified by Mark Leonard on 5/19/2010, (4th pg). Subsequent reports make this same claim.
b. Tytan claim- “Note payable to Cowlitz County Bank under a $650,000 line of credit that expired on October 31, 2009 and is up for renewal.” (Tytan Holdings Annual Report 2009, 36th pg) Subsequent reports make this same claim.
c. Tytan claim- “there are no other current, past, pending or threatened legal proceedings or administrative actions either by or against the Company that could have a material effect on the Issuer's business, financial condition, or operations.”
(Tytan Holdings Annual Report 2011, Page 8, Paragraph 3)

d. Fact- Representing Cowlitz Bank, attorneys Ball Janik demanded immediate payment on entire principal balance of $650,000 line of credit held by Tytan International. Letter dated 10/29/2009 (see exhibit 15).
e. Fact- A judgment was awarded to lender against Mark Leonard (guarantor) via Cowlitz County (State of Washington) Superior Court compliant #09-2-02188-1 on 6/7/2010. Case was filed on 11/12/2009. Final judgment in excess of $800,000.
f. Fact- A second lawsuit (Cowlitz Co. case #10-2-01361-1) has been filed against Tytan International directly on 8/2/2010. Title of complaint: “Breach of business loan agreement, foreclosure of security interest, appointment of receiver.” Litigation pending.

4) PUBLIC STATEMENTS REGARDING LITIGATION
a. Tytan claim-“There are no current, past, pending, or threatened legal proceedings or administrative actions either by or against the Company that could have a material effect on the issuer’s business.” 2009 Annual report (4th pg)
b. Fact- Tytan International filed suit against Bogden in Kittitas County (State of Washington) Superior Court case #08-2-00408-5 on 6/26/2008.
c. Fact-During discovery Tytan International claimed lost income in excess of $4 million. (Discovery evidence ML-000431.)
d. Fact- Tytan Holdings Inc issued a press release on 10/13/2010 stating. “Tytan was forced to ensue in litigation to protect its stock holders.”
e. Fact- Tytan Holdings attorney, Luke Zouvas, stated, “under the SEC rules it states that we must disclose litigation concerning the Issuer and any litigation that could affect the Issuer.” (email dated 9/14/2010)

5) TYTAN FINANCING COMPANY
a. Tytan claim- “the Company acquired Tytan Leasing, Inc. ….This purchase was made possible in part by the first release of funds from the Bogden bankruptcy case. Tytan Holdings press release 1/9/2012.
b. Fact- As of 7/31/2012 no funds have been released from the Bogden bankruptcy case.


Summary: I believe the facts presented support reporting fraud perpetrated by Mark Leonard. Following Leonard’s acquisition of AULT, he knew he intended to insert his private company (Tytan International) into the shell later called Tytan Holdings. At the time he inserted Tytan International he knew the revenues were declining. He also knew he had multiple litigations. He knew he was in default on a significant line of credit. As of the 2011 annual report, Tytan continues to claim there are no legal proceedings that can have a material effect on the Issuer's business. Stockholder comments on Investor’s Hub warn of looming bankruptcy.

That will be an issue for law enforcement. Trustee does not get paid to do law enforcement.

The bankruptcy trustee has filed a motion to dismiss his adversary case subject to monetary settlement. Hearing in December. In my opinion the Trustee is squeezing as much from Leonard as he can before law enforcement comes in. This will be a good time for victims of this scam to come forward as the next stage of the process commences.

This is regarding the adversarial for the bankruptcy. I expect the criminal actions will begin once the civil stuff has come to an end.

Trial for Mark Leonard coming up next week.

It is becoming clear that Mark Leonard is doing just about everything possible to negate any sort of protection from bankruptcy he thinks he was going to obtain. I think he is wide open for a civil move such as you are considering. Especially since he is making himself a big legal "target" with his reconstituted business on I-5.

For the moment however, it may be better for people feeling victimized to report their situation to the Dept. of Justice (Office of the Trustee) so they can pursue the bankruptcy fraud investigation I believe they are conducting. In a subsequent email I will provide information for victims to make such a report.

Tytan tractors and equipment now owned by the bankruptcy estate of Tytan International were auctioned last week at the Meeker location in Kalama Wa. Tytan CEO Mark Leonard was video taped taking possession of many tractors and personally driving them across the street to a private residential property.

Online auction today for the equipment at the Meeker location. Obitbid.com
It appears that some of Leonard's associates, including Randy Redell, are making bids.
My guess is you will soon see this equipment sitting on the lot in Chehalis. Just more insult to injury.

Meeker Property ("crime scene") being sold

Bankruptcy Trustee has found a buyer for the Meeker property and is making application to the Court to make the sale. Purchase price is $395K. Not all will go to the FDIC. Looks like a good portion will fund Trustee's adversarial against Tytan CEO Mark Leonard.

TYTAN INTERNATIONAL INC LIQUIDATED IN CH7 BANKRUPTCY

Below is the link to the filing.

http://www.scribd.com/doc/183716085/Tytan-International-Bankruptcy

Mark A. Leonard CEO of Tytan International has previously filed personal bankruptcy in 2013. Subsequently CEO Leonard filed Ch 7 bankruptcy for Tytan International Inc, the wholly owned subsidiary of Tytan Holdings Inc. As of this writing, Tytan International Inc. no longer exists.

Tytan Holdings CEO Leonard is currently the defendant in an adversarial challenge. One of the primary issues is what happened to the nearly $900,000 raised in the sale of Tytan Holdings stock.


___________________________________________

SEC COMPLAINT REGARDING TYTN AND CEO MARK LEONARD

Below is the text from an SEC complaint filed. It may be interesting to review it and see how legitimate it is now. This complaint along with hyperlinks to supporting evidence is located at
www.issuu.com/tytantractorinfo
----------------------------------------------------------------------

SEC WHISTLE BLOWER COMPLAINT REGARDING TYTAN HOLDINGS INC
AND MARK A. LEONARD


I am reporting what appears to be a classic penny stock scheme.

I have been in litigation with Tytan International (subsidiary of Tytan Holdings Inc.). Through this litigation I have become aware of apparent reporting fraud perpetrated by Tytan Holdings Inc (TYTN) and it’s CEO Mark Leonard. Through the process of discovery I have obtained “original” information to support my complaint. I anticipate additional discovery will become available in he near future as we pursue further litigation and discovery.

In 2009 Mark Leonard acquired Ault Glazer & Co (AULT). Prior to Mark Leonard’s acquisition, AULT was regarded in the industry as a “shell company.” (http://pennystockgurus.blogspot.com/2010/04/tytn-revenues-and-assets-growing.html). Comments from many investors on www.investorshub.com discuss AULT’s notorious reputation.

Following acquisition of AULT in 2009, the name was changed to Tytan Holdings Inc (TYTN). Mark Leonard then publicly promoted “significant increases in revenue” by it’s newly acquired subsidiary Tytan International. Meanwhile, in litigation, Mark Leonard was claiming significant decrease in revenue since 2008 in excess of 70%.

Tytan Holdings later increased shares by more than 5 billion which were sold until the price per share was less than .0002. Tytan Holdings later did a reverse split of 150 to 1. The share price has continued to fall to a pre split conversion of .0000666. Conversations posted on www.investorshub.com indicate investors have realized huge losses. All the while proponents on Investors Hub continue to promote the stock.

Below are five primary areas of concern I have been able to clearly define and support. I have provided hyperlinks to supporting documents which are imbedded in the text. This document (with active hyperlinks) along with supporting documents are located at www.issuu.com/tytantractorinfo. TYTN public filings can be found at http://www.otcmarkets.com/stock/TYTN/filings

1) STATEMENTS REGARDING INCREASING REVENUE
a. Tytan claim-“ Tytan International, Inc. a wholly owned subsidiary of Tytan Holdings, Inc. has seen significant revenue growth through 2009 and early 2010 and is currently estimating about a 43% gain year over year.” ( Annual Report 2009. 13th pg, Q1 2010, 12th pg, Q2 2010 inactive, 14th pg.
b. Tytan claim- “Tytan International Inc CEO Mark Leonard has seen significant revenue growth so far in 2010 and is currently estimating about a 43% gain year over year.” (Tytan Holdings Inc press release 3/4/2010)
c. Fact- During deposition on 8/19/2010, CEO Leonard indicated business was down 70% since January 2008. Deposition page 91. Line 22. (Note: This is made only two weeks after the above Q2 2010 claim was made. )
d. Fact- Tytan International provided accounting discovery indicating revenue had declined significantly since January 2008. Total sales 2008-$1.6mil. Total sales 2009- $692,134

2) 2009 TOTAL SALES
a. Tytan claim- Tytan Holdings 2009 Annual Report (34th pg) claimed “total sales $1,518,642.”
b. Fact- Tytan Holdings Q3 2010 report (14th page) claimed 2009 total sales $673,745.
c. Fact- Tytan International reported 2009 total sales of $692,134 during discovery process during arbitration (Tytan v. Bogden)
d. Fact- Tytan International reported gross sales of $673,745 for the tax year 2009 on IRS form 1120 line 1. (Available on request)

3) TYTAN INTERNATIONAL LINE OF CREDIT
a. Tytan claim-“Tytan Holdings is not in default of the terms of any note, loan, lease, or other indebtedness or financing arrangement.” (Tytan Holdings 2009 Annual Report certified by Mark Leonard on 5/19/2010, (4th pg). Subsequent reports make this same claim.
b. Tytan claim- “Note payable to Cowlitz County Bank under a $650,000 line of credit that expired on October 31, 2009 and is up for renewal.” (Tytan Holdings Annual Report 2009, 36th pg) Subsequent reports make this same claim.
c. Tytan claim- “there are no other current, past, pending or threatened legal proceedings or administrative actions either by or against the Company that could have a material effect on the Issuer's business, financial condition, or operations.”
(Tytan Holdings Annual Report 2011, Page 8, Paragraph 3)

d. Fact- Representing Cowlitz Bank, attorneys Ball Janik demanded immediate payment on entire principal balance of $650,000 line of credit held by Tytan International. Letter dated 10/29/2009 (see exhibit 15).
e. Fact- A judgment was awarded to lender against Mark Leonard (guarantor) via Cowlitz County (State of Washington) Superior Court compliant #09-2-02188-1 on 6/7/2010. Case was filed on 11/12/2009. Final judgment in excess of $800,000.
f. Fact- A second lawsuit (Cowlitz Co. case #10-2-01361-1) has been filed against Tytan International directly on 8/2/2010. Title of complaint: “Breach of business loan agreement, foreclosure of security interest, appointment of receiver.” Litigation pending.

4) PUBLIC STATEMENTS REGARDING LITIGATION
a. Tytan claim-“There are no current, past, pending, or threatened legal proceedings or administrative actions either by or against the Company that could have a material effect on the issuer’s business.” 2009 Annual report (4th pg)
b. Fact- Tytan International filed suit against Bogden in Kittitas County (State of Washington) Superior Court case #08-2-00408-5 on 6/26/2008.
c. Fact-During discovery Tytan International claimed lost income in excess of $4 million. (Discovery evidence ML-000431.)
d. Fact- Tytan Holdings Inc issued a press release on 10/13/2010 stating. “Tytan was forced to ensue in litigation to protect its stock holders.”
e. Fact- Tytan Holdings attorney, Luke Zouvas, stated, “under the SEC rules it states that we must disclose litigation concerning the Issuer and any litigation that could affect the Issuer.” (email dated 9/14/2010)

5) TYTAN FINANCING COMPANY
a. Tytan claim- “the Company acquired Tytan Leasing, Inc. ….This purchase was made possible in part by the first release of funds from the Bogden bankruptcy case. Tytan Holdings press release 1/9/2012.
b. Fact- As of 7/31/2012 no funds have been released from the Bogden bankruptcy case.


Summary: I believe the facts presented support reporting fraud perpetrated by Mark Leonard. Following Leonard’s acquisition of AULT, he knew he intended to insert his private company (Tytan International) into the shell later called Tytan Holdings. At the time he inserted Tytan International he knew the revenues were declining. He also knew he had multiple litigations. He knew he was in default on a significant line of credit. As of the 2011 annual report, Tytan continues to claim there are no legal proceedings that can have a material effect on the Issuer's business. Stockholder comments on Investor’s Hub warn of looming bankruptcy.

is this on Pacer?

TYTN CEO MARK A. LEONARD

Would like to say to share holders "thank you for your contribution to my lifestyle."

I plan to be there both days. Taking notes.

"TYTAN INTERNATIONAL HAS SEEN SIGNIFICANT REVENUE GROWTH"

This statement and others are made part of a complaint submitted to the SEC Office of the Whistleblower as well as the Washington State Department of Financial Institutions.

The complete quote is as follows.

“ Tytan International, Inc. a wholly owned subsidiary of Tytan Holdings, Inc. has seen significant revenue growth through 2009 and early 2010 and is currently estimating about a 43% gain year over year.”

Two weeks later CEO Mark A. Leonard made the following statement under oath during deposition.

Question: "how has your business been since January 2008?"
Answer: "It's gone way down" "70 percent" "maybe more"



Link to document with supporting links and evidence

SEC Whistleblower Complaint
http://www.issuu.com/tytantractorinfo



below is cut and paste of document
_______________________________________________________________________

SEC WHISTLE BLOWER COMPLAINT
REGARDING TYTAN HOLDINGS INC
AND MARK A. LEONARD


I am reporting what appears to be a classic penny stock scheme.

I have been in litigation with Tytan International (subsidiary of Tytan Holdings Inc.). Through this litigation I have become aware of apparent reporting fraud perpetrated by Tytan Holdings Inc (TYTN) and it’s CEO Mark Leonard. Through the process of discovery I have obtained “original” information to support my complaint. I anticipate additional discovery will become available in he near future as we pursue further litigation and discovery.

In 2009 Mark Leonard acquired Ault Glazer & Co (AULT). Prior to Mark Leonard’s acquisition, AULT was regarded in the industry as a “shell company.” (http://pennystockgurus.blogspot.com/2010/04/tytn-revenues-and-assets-growing.html). Comments from many investors on www.investorshub.com discuss AULT’s notorious reputation.
Following acquisition of AULT in 2009, the name was changed to Tytan Holdings Inc (TYTN). Mark Leonard then publicly promoted “significant increases in revenue” by it’s newly acquired subsidiary Tytan International. Meanwhile, in litigation, Mark Leonard was claiming significant decrease in revenue since 2008 in excess of 70%.
Tytan Holdings later increased shares by more than 5 billion which were sold until the price per share was less than .0002. Tytan Holdings later did a reverse split of 150 to 1. The share price has continued to fall to a pre split conversion of .0000666. Conversations posted on www.investorshub.com indicate investors have realized huge losses. All the while proponents on Investors Hub continue to promote the stock.
Below are five primary areas of concern I have been able to clearly define and support. I have provided hyperlinks to supporting documents which are imbedded in the text. This document (with active hyperlinks) along with supporting documents are located at www.issuu.com/tytantractorinfo. TYTN public filings can be found at http://www.otcmarkets.com/stock/TYTN/filings

1) STATEMENTS REGARDING INCREASING REVENUE
a. Tytan claim-“ Tytan International, Inc. a wholly owned subsidiary of Tytan Holdings, Inc. has seen significant revenue growth through 2009 and early 2010 and is currently estimating about a 43% gain year over year.” ( Annual Report 2009. 13th pg, Q1 2010, 12th pg, Q2 2010 inactive, 14th pg.
b. Tytan claim- “Tytan International Inc CEO Mark Leonard has seen significant revenue growth so far in 2010 and is currently estimating about a 43% gain year over year.” (Tytan Holdings Inc press release 3/4/2010)
c. Fact- During deposition on 8/19/2010, CEO Leonard indicated business was down 70% since January 2008. Deposition page 91. Line 22. (Note: This is made only two weeks after the above Q2 2010 claim was made. )
d. Fact- Tytan International provided accounting discovery indicating revenue had declined significantly since January 2008. Total sales 2008-$1.6mil. Total sales 2009- $692,134

2) 2009 TOTAL SALES
a. Tytan claim- Tytan Holdings 2009 Annual Report (34th pg) claimed “total sales $1,518,642.”
b. Fact- Tytan Holdings Q3 2010 report (14th page) claimed 2009 total sales $673,745.
c. Fact- Tytan International reported 2009 total sales of $692,134 during discovery process during arbitration (Tytan v. Bogden)
d. Fact- Tytan International reported gross sales of $673,745 for the tax year 2009 on IRS form 1120 line 1. (Available on request)

3) TYTAN INTERNATIONAL LINE OF CREDIT
a. Tytan claim-“Tytan Holdings is not in default of the terms of any note, loan, lease, or other indebtedness or financing arrangement.” (Tytan Holdings 2009 Annual Report certified by Mark Leonard on 5/19/2010, (4th pg). Subsequent reports make this same claim.
b. Tytan claim- “Note payable to Cowlitz County Bank under a $650,000 line of credit that expired on October 31, 2009 and is up for renewal.” (Tytan Holdings Annual Report 2009, 36th pg) Subsequent reports make this same claim.
c. Tytan claim- “there are no other current, past, pending or threatened legal proceedings or administrative actions either by or against the Company that could have a material effect on the Issuer's business, financial condition, or operations.”
(Tytan Holdings Annual Report 2011, Page 8, Paragraph 3)
d. Fact- Representing Cowlitz Bank, attorneys Ball Janik demanded immediate payment on entire principal balance of $650,000 line of credit held by Tytan International. Letter dated 10/29/2009 (see exhibit 15).
e. Fact- A judgment was awarded to lender against Mark Leonard (guarantor) via Cowlitz County (State of Washington) Superior Court compliant #09-2-02188-1 on 6/7/2010. Case was filed on 11/12/2009. Final judgment in excess of $800,000.
f. Fact- A second lawsuit (Cowlitz Co. case #10-2-01361-1) has been filed against Tytan International directly on 8/2/2010. Title of complaint: “Breach of business loan agreement, foreclosure of security interest, appointment of receiver.” Litigation pending.

4) PUBLIC STATEMENTS REGARDING LITIGATION
a. Tytan claim-“There are no current, past, pending, or threatened legal proceedings or administrative actions either by or against the Company that could have a material effect on the issuer’s business.” 2009 Annual report (4th pg)
b. Fact- Tytan International filed suit against Bogden in Kittitas County (State of Washington) Superior Court case #08-2-00408-5 on 6/26/2008.
c. Fact-During discovery Tytan International claimed lost income in excess of $4 million. (Discovery evidence ML-000431.)
d. Fact- Tytan Holdings Inc issued a press release on 10/13/2010 stating. “Tytan was forced to ensue in litigation to protect its stock holders.”
e. Fact- Tytan Holdings attorney, Luke Zouvas, stated, “under the SEC rules it states that we must disclose litigation concerning the Issuer and any litigation that could affect the Issuer.” (email dated 9/14/2010)

5) TYTAN FINANCING COMPANY
a. Tytan claim- “the Company acquired Tytan Leasing, Inc. ….This purchase was made possible in part by the first release of funds from the Bogden bankruptcy case. Tytan Holdings press release 1/9/2012.
b. Fact- As of 7/31/2012 no funds have been released from the Bogden bankruptcy case.


Summary: I believe the facts presented support reporting fraud perpetrated by Mark Leonard. Following Leonard’s acquisition of AULT, he knew he intended to insert his private company (Tytan International) into the shell later called Tytan Holdings. At the time he inserted Tytan International he knew the revenues were declining. He also knew he had multiple litigations. He knew he was in default on a significant line of credit. As of the 2011 annual report, Tytan continues to claim there are no legal proceedings that can have a material effect on the Issuer's business. Stockholder comments on Investor’s Hub warn of looming bankruptcy.

Tytan Tractor BBB Rating

Below is the information found at BBB for Tytan Tractor (www.tytantractor.com)



This Business is not BBB Accredited
Tytan Tractors
Phone: (360) 673-2278
Fax: (360) 673-6548
5225 Meeker Dr, Kalama, WA 98625-9442
www.tytantractor.com

! There is an alert for this business !

No Rating

According to information in BBB files, this company is no longer in business.

CONTACT INFORMATION FOR CEO MARK LEONARD

Mark Leonard can be found operating a tractor and equipment business in Chehalis Washington. Located at

SW Tractor
1393 Rush Road, Chehalis WA 98532.
EXIT 72N on I-5 .

His direct phone number is 360 673 2278

He is currently using the website www.tytantractor.com website to redirect business to the Chehalis location. He is selling Tytan branded products.

From what I understand, his sales efforts at this location are not for the benefit of Tytan Holdings share holders.

Looks like CEO Mark Leonard is not even going to try and hide the fact that he has reconstituted his business in Chehalis. Although he does not appear to be including share holders. Take a look at the website using the Chehalis address. It appears he thinks that he will just go ahead and continue to use the Tytan brand name that I believe is the property of the corporation.

www.tytantractor.com

I do have a fairly good understanding of Chapter 7. The purpose of a Ch 7 for a human being is a fresh start. The purpose of a Ch 7 for a corporation is liquidation. Tytan International no longer exists. The assets of Tytan International have been fully distributed. The major creditor is the FDIC. They are a secured entity. Any assets the Trustee locates will most likely go to them. If not them there is still the IRS, WA State, and most likely some future fines for criminal activity. Although the shell corporation Tytan Holdings Inc did not file bankruptcy it has no assets. If it did they are subject to seizure as Leonard was using both corporations as his private ATM. The corporate veil is easily peirced.

The only real remedy the share holders have is to sue Mark Leonard. He will not be protected by bankruptcy so he is a viable target. The shareholders however, will need to get into the back of the line as the creditors have first shot at him.

I am not sure why he has not done so already. My guess is that he will try to flee the country with whatever ill gotten gains he has. He should have never filed bankruptcy. He should have just taken what he could and gotten out of the country. Given the real estate to the FDIC. Bankruptcy made is possible for the FDIC and Mitch Bogden to pursue him with ease. The SEC may never have worried about him. Now he has committed bankruptcy fraud and is currently thumbing his nose at the IRS and Washington State Department of Revenue. In my opinion, it is not much longer before he is wearing some handcuffs.

TRUSTEE COMPLAINT TO DENY DISCHARGE

Below is a link to the bankruptcy document regarding Tytan CEO Mark A. Leonard in US Bankruptcy Court case #13-43836 filed 3/19/2014. This can also be found through the Pacer system where you can access court document directly.

This document is the Trustee's adversarial complaint to deny discharge. In this document you will find discussion of the sale of TYTN stock and allegations of where it went.

Link

Whistleblower Mitch Bogden provided the Trustee with results of his on going investigation of Leonard with regard to alleged securities fraud and now allegations of bankruptcy fraud. Bogden was able to locate Leonard's reconstituted tractor business in Chehalis, Wa. He alleges Leonard has relocated property from the former Tytan location in Kalama Wa and repositioned it in Chehalis. The Chehalis location is identified as Southwest Tractor. Leonard claims to have no interest in this business. Leonard's former sales person, Randy Redell is identified as the principle for Southwest tractor according to Washington State records. Mitch Bogden was able to photograph Leonard at the Chehalis location and also photograph property taken from the Kalama location. Bogden also contacted the landlord of the Chehalis location and confirmed Mark Leonard is the principle leasing the property.

Mitch Bogden's investigation also uncovered a "secret" Nevada corporation called Truper Corp. Through Bogden's past dealings with Leonard, Bogden was aware that Leonard used Truper Corp as a vehicle to import goods from China. With this information he was able to confirm import records where containers from China were delivered to the Chehalis location subsequent to Leonard's bankruptcy. The importer of record is "Southwest Tractor/Truper Corp. The Trustee has taken Bogden's information and determined it is sound. So much so that it has been incorporated into his complaint against Leonard.

Although it has yet to be adjudicated, it appears Leonard did sent money to China that was property of Tytan Holdings. It appears those funds have been converted to tractors and implements and Leonard is selling these for his own benefit.

For the past several year Mitch Bogden has been viciously attacked by Leonard and others who have interests in alignment with his own. As time wears on, it appears the reason Leonard has been so active in his attacks against Bogden is because his claims are being substantiated.

One of Leonard's biggest mistakes was to not pay former CPA Jerry Leslie for his services. Mitch Bogden took a chance and contacted Leslie and was able to convince him to come forward as a whistleblower as well. Leslie is intimate with the financial affairs of Leonard and Tytan. He has been a gold mine of information for the bankruptcy Trustee and the major creditor the FDIC. Leslie also revealed the testimony of Leonard in an arbitration against Mitch Bogden was false.

It is a true statement this company and it's stock was a scam from it's inception. I am speaking of the time frame when CEO Mark Leonard purchased the shell, changed the name, and issued public documents riddled with fraudulent statements.

Having communication with Jerry Leslie (former Tytan CPA and whistleblower) nearly $1mil in stock was sold. I am pretty sure this information is supported by public documents issued by the company. Without looking at the now joint adversarial complaint made by both the Trustee and the FDIC I am pretty sure there is a formal accusation of over $700K being deposited and then transferred from a bank account.

I was able to track down shipping information of containers coming from China under Leonard's "secret" Nevada corporation to the new Chehalis location. I provided this information to the Trustee and FDIC who are acting on it.

Leonard has been trying to claim SW Tractor on Rush Road in Chehalis Wa has nothing to do with him. I have personally contacted the landlord of the property and was able to confirm Mark Leonard is the principle tenant. I was personally confronted by Mark Leonard on the Rush Road property.

I have had recent personal conversations with enforcement officers of the US Dept of Justice and the Washington State Department of Revenue. Both have indicated they are very interested in Leonard and are acting on the information I have provided. This all takes time. However, the "noose" is getting tighter and tighter around Leonard's neck.

As for any assets that can be liqudated for stock holders. They will need to get in line behind the creditors who come first. With the FDIC having a $1mil secured (and growing) claim that just about wipes out any hope. Then add to that the IRS and the Washington State Dept of Revenue when they finally stake their claim. Taxing authorities have priority claims. Then there is the Trustee who is now billing for his time. Keep in mind the Trustee is working on behalf of creditors and has no interest in TYTN shareholders. If shareholders want a seat at the table they would need to get representation.

Anyone suggesting shareholders might be able to benefit from the bankruptcy process is most likely doing a disservice to them.

Just spoke with former Tytan CPA and whistleblower Jerry Leslie.

It appears another person close to the "inner circle" of Mark Leonard is coming forward.

When I get more time I will write a more comprehensive "story" of Mark Leonard and Tytan.

For now there is overwhelming evidence to support Leonard sold nearly a million in TYTN stock. There is evidence that nearly $800K was wired to china. There is now evidence that containers of product have been shipped from China to a business location in Chehalis Wa. The shipments came in under "SouthWest Tractor/Truper Corp. Truper Corp is Leonard's "secret" importing corporation registared in Nevada. The website TytanTractor.com refers prospects to go the Southwest tractor. The Chehalis location is filled with new product from China and product apparently stolen from the bankruptcy estate of Tytan International in Kalama. I have personally seen Leonard at the Chehalis location and photographed him there.

TYTAN INTERNATIONAL INC LIQUIDATED IN CH7 BANKRUPTCY

Below is the link to the filing.

http://www.scribd.com/doc/183716085/Tytan-International-Bankruptcy

Mark A. Leonard CEO of Tytan International has previously filed personal bankruptcy in 2013. Subsequently CEO Leonard filed Ch 7 bankruptcy for Tytan International Inc, the wholly owned subsidiary of Tytan Holdings Inc. As of this writing, Tytan International Inc. no longer exists.

Tytan Holdings CEO Leonard is currently the defendant in an adversarial challenge. One of the primary issues is what happened to the nearly $900,000 raised in the sale of Tytan Holdings stock.


___________________________________________

SEC COMPLAINT REGARDING TYTN AND CEO MARK LEONARD

Below is the text from an SEC complaint filed. It may be interesting to review it and see how legitimate it is now. This complaint along with hyperlinks to supporting evidence is located at
www.issuu.com/tytantractorinfo
----------------------------------------------------------------------

SEC WHISTLE BLOWER COMPLAINT REGARDING TYTAN HOLDINGS INC
AND MARK A. LEONARD


I am reporting what appears to be a classic penny stock scheme.

I have been in litigation with Tytan International (subsidiary of Tytan Holdings Inc.). Through this litigation I have become aware of apparent reporting fraud perpetrated by Tytan Holdings Inc (TYTN) and it’s CEO Mark Leonard. Through the process of discovery I have obtained “original” information to support my complaint. I anticipate additional discovery will become available in he near future as we pursue further litigation and discovery.

In 2009 Mark Leonard acquired Ault Glazer & Co (AULT). Prior to Mark Leonard’s acquisition, AULT was regarded in the industry as a “shell company.” (http://pennystockgurus.blogspot.com/2010/04/tytn-revenues-and-assets-growing.html). Comments from many investors on www.investorshub.com discuss AULT’s notorious reputation.

Following acquisition of AULT in 2009, the name was changed to Tytan Holdings Inc (TYTN). Mark Leonard then publicly promoted “significant increases in revenue” by it’s newly acquired subsidiary Tytan International. Meanwhile, in litigation, Mark Leonard was claiming significant decrease in revenue since 2008 in excess of 70%.

Tytan Holdings later increased shares by more than 5 billion which were sold until the price per share was less than .0002. Tytan Holdings later did a reverse split of 150 to 1. The share price has continued to fall to a pre split conversion of .0000666. Conversations posted on www.investorshub.com indicate investors have realized huge losses. All the while proponents on Investors Hub continue to promote the stock.

Below are five primary areas of concern I have been able to clearly define and support. I have provided hyperlinks to supporting documents which are imbedded in the text. This document (with active hyperlinks) along with supporting documents are located at www.issuu.com/tytantractorinfo. TYTN public filings can be found at http://www.otcmarkets.com/stock/TYTN/filings

1) STATEMENTS REGARDING INCREASING REVENUE
a. Tytan claim-“ Tytan International, Inc. a wholly owned subsidiary of Tytan Holdings, Inc. has seen significant revenue growth through 2009 and early 2010 and is currently estimating about a 43% gain year over year.” ( Annual Report 2009. 13th pg, Q1 2010, 12th pg, Q2 2010 inactive, 14th pg.
b. Tytan claim- “Tytan International Inc CEO Mark Leonard has seen significant revenue growth so far in 2010 and is currently estimating about a 43% gain year over year.” (Tytan Holdings Inc press release 3/4/2010)
c. Fact- During deposition on 8/19/2010, CEO Leonard indicated business was down 70% since January 2008. Deposition page 91. Line 22. (Note: This is made only two weeks after the above Q2 2010 claim was made. )
d. Fact- Tytan International provided accounting discovery indicating revenue had declined significantly since January 2008. Total sales 2008-$1.6mil. Total sales 2009- $692,134

2) 2009 TOTAL SALES
a. Tytan claim- Tytan Holdings 2009 Annual Report (34th pg) claimed “total sales $1,518,642.”
b. Fact- Tytan Holdings Q3 2010 report (14th page) claimed 2009 total sales $673,745.
c. Fact- Tytan International reported 2009 total sales of $692,134 during discovery process during arbitration (Tytan v. Bogden)
d. Fact- Tytan International reported gross sales of $673,745 for the tax year 2009 on IRS form 1120 line 1. (Available on request)

3) TYTAN INTERNATIONAL LINE OF CREDIT
a. Tytan claim-“Tytan Holdings is not in default of the terms of any note, loan, lease, or other indebtedness or financing arrangement.” (Tytan Holdings 2009 Annual Report certified by Mark Leonard on 5/19/2010, (4th pg). Subsequent reports make this same claim.
b. Tytan claim- “Note payable to Cowlitz County Bank under a $650,000 line of credit that expired on October 31, 2009 and is up for renewal.” (Tytan Holdings Annual Report 2009, 36th pg) Subsequent reports make this same claim.
c. Tytan claim- “there are no other current, past, pending or threatened legal proceedings or administrative actions either by or against the Company that could have a material effect on the Issuer's business, financial condition, or operations.”
(Tytan Holdings Annual Report 2011, Page 8, Paragraph 3)

d. Fact- Representing Cowlitz Bank, attorneys Ball Janik demanded immediate payment on entire principal balance of $650,000 line of credit held by Tytan International. Letter dated 10/29/2009 (see exhibit 15).
e. Fact- A judgment was awarded to lender against Mark Leonard (guarantor) via Cowlitz County (State of Washington) Superior Court compliant #09-2-02188-1 on 6/7/2010. Case was filed on 11/12/2009. Final judgment in excess of $800,000.
f. Fact- A second lawsuit (Cowlitz Co. case #10-2-01361-1) has been filed against Tytan International directly on 8/2/2010. Title of complaint: “Breach of business loan agreement, foreclosure of security interest, appointment of receiver.” Litigation pending.

4) PUBLIC STATEMENTS REGARDING LITIGATION
a. Tytan claim-“There are no current, past, pending, or threatened legal proceedings or administrative actions either by or against the Company that could have a material effect on the issuer’s business.” 2009 Annual report (4th pg)
b. Fact- Tytan International filed suit against Bogden in Kittitas County (State of Washington) Superior Court case #08-2-00408-5 on 6/26/2008.
c. Fact-During discovery Tytan International claimed lost income in excess of $4 million. (Discovery evidence ML-000431.)
d. Fact- Tytan Holdings Inc issued a press release on 10/13/2010 stating. “Tytan was forced to ensue in litigation to protect its stock holders.”
e. Fact- Tytan Holdings attorney, Luke Zouvas, stated, “under the SEC rules it states that we must disclose litigation concerning the Issuer and any litigation that could affect the Issuer.” (email dated 9/14/2010)

5) TYTAN FINANCING COMPANY
a. Tytan claim- “the Company acquired Tytan Leasing, Inc. ….This purchase was made possible in part by the first release of funds from the Bogden bankruptcy case. Tytan Holdings press release 1/9/2012.
b. Fact- As of 7/31/2012 no funds have been released from the Bogden bankruptcy case.


Summary: I believe the facts presented support reporting fraud perpetrated by Mark Leonard. Following Leonard’s acquisition of AULT, he knew he intended to insert his private company (Tytan International) into the shell later called Tytan Holdings. At the time he inserted Tytan International he knew the revenues were declining. He also knew he had multiple litigations. He knew he was in default on a significant line of credit. As of the 2011 annual report, Tytan continues to claim there are no legal proceedings that can have a material effect on the Issuer's business. Stockholder comments on Investor’s Hub warn of looming bankruptcy.

CEO Mark Leonard Bankruptcy update

New date for hearing in US Bankruptcy Court is now May 26-27 2015. Adversarial proceeding 14-04061

As a reminder, FDIC and Trustee are challenging Leonard's filings.

Nothing to report for the moment. Stay tuned.

ACCOUNTING FIRM HIRED BY TRUSTEE

Trustee Garrett has gained approval bankruptcy judge to hire the firm of Henderson, Bennington, Moshofshy, PC to pour over the filing and subsequent records offered by CEO Mark Leonard in his personal bankruptcy.

This has got to be a very uncomfortable place for Mr. Leonard to be. Could this be a significant step toward establishing evidence for a criminal investigation?

CEO Leonard bankruptcy hearing

The FDIC has asked for approval to merge their hearing with the bankruptcy Trustee. They have been approved and the new hearing will take place on Feb 2.

Nothing to report recently. However, in conversations with the FDIC attorney, things will be ramping up quite a bit this summer in anticipation of the hearing this fall.

Yes.

Just communicated with former Tytan CPA and whistleblower Jerry Leslie.
Mentioned he just spoke with FDIC attorney who has recently finished another significant case and it now ready to focus on Tytan CEO Mark Leonard. FDIC is further asking Bogden to support their effort.

I predict the FBI will be involved at some point to investigate securities fraud and bankruptcy fraud. I predict a criminal inditement. If investors of TYTN made investments by relying on statements of Mark Leonard that later were proved to be false these investors would then be victims of securities fraud. The best thing is for those victims to come forward and maybe there will be some criminal restitution to be had.

FDIC vs. MARK A. LEONARD

In US Bankruptcy Court case #14-04062 adversarial proceeding challenging discharge. Trial is set for October 1, 2014 in Vancouver Wa.

No update on Trustee's case against Leonard at this time.

Bankruptcy Trustee complaint to deny discharge.

The Trustee appears to have caught Mark Leonard lying about proceeds from the sale of stock. Leonard claimed $400K from the sale of stock. Bank statements prove otherwise. $725K.
Not to mention, TYTN public financials claim $900K.

"21. According to Leonard's (Tytan CEO Mark A. Leonard) sworn testimony at 341 (a) hearings held in both the main case and subsequent 2004 examinations in the main case held on December 20, 2013, Tytan Holdings received only $400,000 from the 504 Exchanges."

"24. According to the Pacific Continental Bank statements subpoenaed by the FDIC, approximately $725,000 from the 504 Exchanges was deposited directly into Tytan Holdings and Tytan Int. bank accounts."

CEO Leonard responds to allegations of the FDIC. Throws CPA Jerry Leslie under the bus claiming he relied on him regarding corporate financial statements. Good luck with that one Mr. Leonard. Perhaps Anvil will post a link to the new document.

It is in preparation mode for the adversarial proceedings. The FDIC attorney did contact both Bogden and former Tytan CPA Jerry Leslie to further investigate within the last two weeks in preparation. It has been strongly recommended that the FDIC subpoena Randy Redell who is the named owner of Southwest Tractor and the company who is alleged to be helping Leonard hide assets of Tytan Inc.

THE MARK LEONARD STORY

"Stay tuned...the story continues..."

Below is copy from his own webpage. It will be interesting to see this story unfolds and write a factual account. For those of you who have contributed to Mr. Leonard's retirement plan how does his image make you feel?





The Mark Leonard Story (as he tells it)

Mark, born in Spokane, WA, enjoyed hunting, fishing and camping as a kid as his father was a world class hunter and gun maker. His father taught Mark the value of a dollar by encouraging him to start his own business; mowing lawns in the summers and shoveling snow in the winters.
After finishing high school in Bellevue, Wa, Mark attended the University of Washington in Seattle where he earned a degree in Economics in 1970.

Following in his Father’s footsteps, Mark started out as Manufacturer’s Rep in the sporting business traveling the Northwest establishing relationships with buyers from REI, Eddie Bauer, Pay Less, Pay-N-Save, and Ernst Hardware to name a few. He nurtured these relationships and grew his business into a seven man operation covering 13 western States. Mark’s firm founds its niche in the fishing business, especially when he leveraged his exclusive rights to the “Buzzbomb” into annual sales of almost $2.5 mln. in just 20 months. This led, quite naturally, to the designing, importing and marketing of the “ProMark” and “ProLine” brands of hip waders which he took nationwide.

As one of the top firms repping fishing equipment, Mark came to establish good relationships in the boating industry. By 1986, he seized on another opportunity which presented itself, namely, a need for well designed boat trailers. This shift in gears coincided nicely with his desire to spend more time at home with his young family and not on the road so much. This new venture quickly became #1 in the USA boasting 150 dealers. This was in large part to his loyal connections in the sporting rep business, excellent designs and hard work.

Along the way, Mark’s hobbies included a little farming on a 25 acre parcel for which he had two tractors. A neighbor offered him a deal he couldn’t refuse on 3 brand new Chinese made tractors. He put those to work on his land and quickly discovered he liked them better than his Ford and Mitsubishi. One day, he was working the 40 HP extra hard just to see what it could do and he broke the crankshaft. So he called the factory in China to get a new part. That lead to a nice chat, an invitation and a trip to China. Mark returned with 36 tractors, which he sold in very short order and that’s how Rhino Tractor was created.

Rhino grew rapidly to over 120 dealers nationwide. Sales were great and profit margins high. Mark was made an offer he couldn’t refuse and took it. This included a “non-compete” clause which he honored for its duration. He kept up the great relationships he had going with his friends in China and hit the ground running, as soon as he was able to, and started up Tytan International.

It turns out his contacts in China missed doing business with him, so they were more than happy to help him get back in business.

As of the writing (September 2011), Tytan is progressing smoothly with new designs, new patent applications and brighter prospects than he ever had with Rhino at this point in its growth. There’s something to be said for experience. And now, after several dozen visits to China, the Chinese have asked to come to Kalama to see “how they can beneficially improve their mutual business relationship.”
Stay tuned, this story continues......

This may take people with some courage to come forward and make themselves known so that the SEC can have actual victims of the TYTN scam to make declarations. I will probably make this possible in the not too distant future.

Accounting firm De Joya Griffith

Former Tytan CPA Jerry Leslie reports a subpoena has been issued to this firm for records associated with Tytan Holdings and Tytan International. As I understand this was the firm that was supposed to have performed an audit long ago. CEO Mark Leonard made a big deal about this. Never heard anything about it. Never published.

SEC COMPLAINT REGARDING TYTN AND CEO MARK LEONARD

Below is the text from an SEC complaint filed. It may be interesting to review it and see how legitimate it is now. This complaint along with hyperlinks to supporting evidence is located at
www.issuu.com/tytantractorinfo
----------------------------------------------------------------------

SEC WHISTLE BLOWER COMPLAINT REGARDING TYTAN HOLDINGS INC
AND MARK A. LEONARD


I am reporting what appears to be a classic penny stock scheme.

I have been in litigation with Tytan International (subsidiary of Tytan Holdings Inc.). Through this litigation I have become aware of apparent reporting fraud perpetrated by Tytan Holdings Inc (TYTN) and it’s CEO Mark Leonard. Through the process of discovery I have obtained “original” information to support my complaint. I anticipate additional discovery will become available in he near future as we pursue further litigation and discovery.

In 2009 Mark Leonard acquired Ault Glazer & Co (AULT). Prior to Mark Leonard’s acquisition, AULT was regarded in the industry as a “shell company.” (http://pennystockgurus.blogspot.com/2010/04/tytn-revenues-and-assets-growing.html). Comments from many investors on www.investorshub.com discuss AULT’s notorious reputation.

Following acquisition of AULT in 2009, the name was changed to Tytan Holdings Inc (TYTN). Mark Leonard then publicly promoted “significant increases in revenue” by it’s newly acquired subsidiary Tytan International. Meanwhile, in litigation, Mark Leonard was claiming significant decrease in revenue since 2008 in excess of 70%.

Tytan Holdings later increased shares by more than 5 billion which were sold until the price per share was less than .0002. Tytan Holdings later did a reverse split of 150 to 1. The share price has continued to fall to a pre split conversion of .0000666. Conversations posted on www.investorshub.com indicate investors have realized huge losses. All the while proponents on Investors Hub continue to promote the stock.

Below are five primary areas of concern I have been able to clearly define and support. I have provided hyperlinks to supporting documents which are imbedded in the text. This document (with active hyperlinks) along with supporting documents are located at www.issuu.com/tytantractorinfo. TYTN public filings can be found at http://www.otcmarkets.com/stock/TYTN/filings

1) STATEMENTS REGARDING INCREASING REVENUE
a. Tytan claim-“ Tytan International, Inc. a wholly owned subsidiary of Tytan Holdings, Inc. has seen significant revenue growth through 2009 and early 2010 and is currently estimating about a 43% gain year over year.” ( Annual Report 2009. 13th pg, Q1 2010, 12th pg, Q2 2010 inactive, 14th pg.
b. Tytan claim- “Tytan International Inc CEO Mark Leonard has seen significant revenue growth so far in 2010 and is currently estimating about a 43% gain year over year.” (Tytan Holdings Inc press release 3/4/2010)
c. Fact- During deposition on 8/19/2010, CEO Leonard indicated business was down 70% since January 2008. Deposition page 91. Line 22. (Note: This is made only two weeks after the above Q2 2010 claim was made. )
d. Fact- Tytan International provided accounting discovery indicating revenue had declined significantly since January 2008. Total sales 2008-$1.6mil. Total sales 2009- $692,134

2) 2009 TOTAL SALES
a. Tytan claim- Tytan Holdings 2009 Annual Report (34th pg) claimed “total sales $1,518,642.”
b. Fact- Tytan Holdings Q3 2010 report (14th page) claimed 2009 total sales $673,745.
c. Fact- Tytan International reported 2009 total sales of $692,134 during discovery process during arbitration (Tytan v. Bogden)
d. Fact- Tytan International reported gross sales of $673,745 for the tax year 2009 on IRS form 1120 line 1. (Available on request)

3) TYTAN INTERNATIONAL LINE OF CREDIT
a. Tytan claim-“Tytan Holdings is not in default of the terms of any note, loan, lease, or other indebtedness or financing arrangement.” (Tytan Holdings 2009 Annual Report certified by Mark Leonard on 5/19/2010, (4th pg). Subsequent reports make this same claim.
b. Tytan claim- “Note payable to Cowlitz County Bank under a $650,000 line of credit that expired on October 31, 2009 and is up for renewal.” (Tytan Holdings Annual Report 2009, 36th pg) Subsequent reports make this same claim.
c. Tytan claim- “there are no other current, past, pending or threatened legal proceedings or administrative actions either by or against the Company that could have a material effect on the Issuer's business, financial condition, or operations.”
(Tytan Holdings Annual Report 2011, Page 8, Paragraph 3)

d. Fact- Representing Cowlitz Bank, attorneys Ball Janik demanded immediate payment on entire principal balance of $650,000 line of credit held by Tytan International. Letter dated 10/29/2009 (see exhibit 15).
e. Fact- A judgment was awarded to lender against Mark Leonard (guarantor) via Cowlitz County (State of Washington) Superior Court compliant #09-2-02188-1 on 6/7/2010. Case was filed on 11/12/2009. Final judgment in excess of $800,000.
f. Fact- A second lawsuit (Cowlitz Co. case #10-2-01361-1) has been filed against Tytan International directly on 8/2/2010. Title of complaint: “Breach of business loan agreement, foreclosure of security interest, appointment of receiver.” Litigation pending.

4) PUBLIC STATEMENTS REGARDING LITIGATION
a. Tytan claim-“There are no current, past, pending, or threatened legal proceedings or administrative actions either by or against the Company that could have a material effect on the issuer’s business.” 2009 Annual report (4th pg)
b. Fact- Tytan International filed suit against Bogden in Kittitas County (State of Washington) Superior Court case #08-2-00408-5 on 6/26/2008.
c. Fact-During discovery Tytan International claimed lost income in excess of $4 million. (Discovery evidence ML-000431.)
d. Fact- Tytan Holdings Inc issued a press release on 10/13/2010 stating. “Tytan was forced to ensue in litigation to protect its stock holders.”
e. Fact- Tytan Holdings attorney, Luke Zouvas, stated, “under the SEC rules it states that we must disclose litigation concerning the Issuer and any litigation that could affect the Issuer.” (email dated 9/14/2010)

5) TYTAN FINANCING COMPANY
a. Tytan claim- “the Company acquired Tytan Leasing, Inc. ….This purchase was made possible in part by the first release of funds from the Bogden bankruptcy case. Tytan Holdings press release 1/9/2012.
b. Fact- As of 7/31/2012 no funds have been released from the Bogden bankruptcy case.


Summary: I believe the facts presented support reporting fraud perpetrated by Mark Leonard. Following Leonard’s acquisition of AULT, he knew he intended to insert his private company (Tytan International) into the shell later called Tytan Holdings. At the time he inserted Tytan International he knew the revenues were declining. He also knew he had multiple litigations. He knew he was in default on a significant line of credit. As of the 2011 annual report, Tytan continues to claim there are no legal proceedings that can have a material effect on the Issuer's business. Stockholder comments on Investor’s Hub warn of looming bankruptcy.

RANDY LEE REDELL

This link will get you the the State of Washington business license search page for Mr. Redell.

http://bls.dor.wa.gov/LicenseSearch/lqsLicenseDetail.aspx?RefID=1836313

The face of Randy Redell remains on the Tytan website on the service page rotating with another individual.

http://www.tytantractor.com/service.asp

Too late to take is down now Mr. Leonard. That evidence is already collected.

Southwest Tractor (S.W. Tractor) is a trade name used by Randy Lee Redell for another sole propriortorship of a different name.

Quiz and homework. What relationship do you think Mr. Redell has with Tytan? In the past and now?