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Could you remind me again how many common shares DLM has purchased with his own money since assuming his position as COO?
Awesome post!
When will that cryptotoken that was promised by the end of October be released? DLM has been teasing investors with it for over half a year now.
How are people able to remain positive when shares are down substantially over the last year despite all the “progress”? How do you not reevaluate your beliefs about what “progress” is and why the market isn’t rewarding what you see as progress? At some point you just have to ask “Is everyone else wrong or is it just me that’s wrong?” I guess I would’ve assumed that a lot more people would have been asking themselves that question once their investment hit -30% or -50% so they could avoid -100%.
And maybe a lot of them have done that. There are a lot of people who used to post on Telegram and tweet about TTCM that have been dead silent for a while now. It looks like they took their L and got out quietly when they should have made a lot more noise on their way out to help end this scheme a little faster.
Remember a year ago when I said that it made zero sense to hide Main St. Shopping inside an app nobody uses and half the people here disagreed with me?
Well today, after a year of total failures, Arknet announced that they will be adding a web presence for Main St. storefronts.
David, you’re welcome for the business advice.
Insiders need money for Christmas presents.
I remember when 2020 was going to be “very interesting.” Then it was 2021 that was going to be “very interesting.” Now it looks like we’re on to 2022.
Active users is so low that DLM and Jon are afraid to disclose it.
Can someone remind me how many active users Facebook had after 2 and a half years?
DLM has given a number for total downloads. I don’t remember the number. We don’t know how many of those downloads represent actual active users.
What do you think happened yesterday?
What’s your theory
What’s your theory? Who benefits from this?
You’re saying it only took 1 million in sells to take the price down 60%? I’m not seeing it.
I haven’t seen any evidence of it being shorted.
I didn’t think there were any notes scheduled to be converted around this time, but I may be wrong about that. I’ll have to look. A note holder wouldn’t want to crash the price though. If the notes convert at 63% of the lowest big over the prior 20 days, and you crash the price 50+% by selling into the bid, you would still lose a lot of money.
Or it was a disgruntled shareholder who wanted to make a point on his way out. Maybe he sold 20 million shares and triggered 40 million in stop losses on the way down.
If you think it’s manipulation, I’d love to hear your theory about who and why.
“It’s manipulation!”
By whom? Could be SRAX selling - that’s on DLM and Jon. Could be a large shareholder bailing after seeing the awful results of the last few years - that’s on DLM and Jon. Could be more dilution - again, that’s on DLM and Jon. It’s not manipulation. It’s just a bad business being run by people who don’t know how to create value for shareholders.
I’m guessing that this doesn’t qualify because it’s clearly disclosed at promotional activity.
It’s just that TTCM bulls don’t believe SRAXs own disclaimer. SRAX has told them that Tautachrome is paying them for stock promotion. But they’ve decided on their own that it’s the SRAX disclosure that is misleading and not the articles that they’re writing about Tautachrome. Completely backwards.
E A just said he was removed from the group after asking Tim questions. It’s pretty clear that Tim got flustered and removed him.
It’s a company channel. They can’t ban people from it. DLM knows this. That’s why he hasn’t banned people (that I’m aware of) in the past. Tim doesn’t know this. That’s why he did it.
A CEO can block someone from viewing his personal account. That account isn’t a company channel. The Telegram group isn’t DLMs personal account. It’s a company channel. People can’t be removed from it. Glad I could clear that up.
If telegram is an official means of communicating with shareholders, then it’s probably illegal to remove people from the group.
I see they’re back to removing posts on Telegram. That’s a good sign that things are not going well. Otherwise you would just respond to critics instead of deleting their posts.
Yeah there’s weird circular reasoning going on.
Ask why aren’t any of the current products generating revenues and people will say “Because marketing hasn’t increased enough.”
Ask why marketing hasn’t increased enough and people will say “Because the products aren’t done yet.”
Point out that several of their products have been available for well over a year now and people will say “No I’m talking about the NFT marketplace and cryptotoken ecosystem.”
Then people claim that “This is a startup. You can’t expect everything to be done so quickly,” despite the fact that we’re going on ~6 years here (idk what was happening in Australia before 2015 so maybe longer).
Great find
Great summary. Four years and millions of dollars and all that exists is an app that very few people actually use and is full of bugs. Mark Zuckerberg coded the original Facebook in a couple months in a dorm room for zero dollars. It had millions of ACTIVE users in a couple years. The “progress” on Arknet is an illusion.
Also interesting that the “investment in note receivable” was changed to “investment in accumen” which is different from the “Akumen Industries Corp.” named in the 2Q 10-Q. This whole document is a mess.
They actually forgot to update the current quarter income statement.
If you look at the income statement for the three months ending 9/30, it’s exactly the same as the income statement for the three months ending 6/30 from their last Q.
The kind of things you can get away with on OTC are incredible.
Really wild that DLM decided to hold the Q&A BEFORE the 10-Q was filed.
Again, the 8-K can say whatever DLM wants it to say. He’s failed to file them when they were required and filed them when they weren’t. SEC doesn’t bother with penny stocks, so you can’t hide behind the “why hasn’t the SEC done anything?” defense.
I doubt any. Otherwise would have to be listed as a related party.
The 8-K can say whatever DLM wants it to say. It can be misleading. It can omit key facts. The 8-K is an advertisement. The disclaimer isn't. It’s really simple.
I don’t know. I didn’t remember any convertible debt being due around this date. It’s certainly strange to see selling this heavy right now without any catalysts. I don’t think SRAX can sell yet. I doubt it’s Jon. Maybe just a large shareholder? But why would you sell this much in a day? You’d think any large holder would space out their sales over a few weeks so as not to tank the price over 10% in a single day.
Arknet is “nothing of value”. That’s the trick here. It appears to be valuable and useful to people who don’t know any better. That gives those people the confidence to invest and remain invested.
I have tried to explain why all the different individual features aren’t valuable, but nobody listens. So I’ll just ask the question: Why are there so few users? If this app is so interesting, why are there only a few hundred people who think so? Is it possible that the things that make the app interesting to that small group of people don’t appeal to everyone else?
Read the SRAX disclosure again. SRAX themselves admit to being basically a pump and dump service.
What does DLM actually do? Development is outsourced to Honeycomb. Accounting is outsourced. Legal work is outsourced. Tautachrome has no employees. I’m interested to know what a normal work day looks like for him.
That issue has been brought up both here and I think on Telegram. Nobody has been able to provide an answer.
The situation is so bad that DLM is now announcing announcements. I wonder if those announcements involve the crypto token that was supposed to be launched a month and a half ago. Or the fundraising activity from nine months ago. Or the Boston University Research Agreement from 15 months ago. Or maybe it’s about the progress made on saving small businesses from the pandemic. Are we still doing that?
Don’t worry. DLM will have some goofy PR soon.
I think the patent enforcement is a great example of how DLM and Jon use misleading tweets and press releases to maintain investor interest. First, they communicated that they would be hiring a law firm to investigate possible patent infringement. Then SIX MONTHS later, they stated that they would be sending out just two letters. Now they’ll be able to create additional suspense for months by saying that they haven’t heard a response from these two companies (they never will). By the time this is over, they will have been able to use the patent infringement story to create investor interest for probably a year. And ultimately it will amount to nothing.