Tautachrome Inc (TTCM)

[WallyWest]

You don't get many startups issuing forecasts because the business is simply too development stage to be able for forecast anything. Forecasting requires a certain amount of predictability that simply isn't there when you're at the mercy of just about every market force there is. You don't know if you'll get your financing, you don't know if your deals will close, you don't know if your unpaid personnel are going to be there tomorrow. There are simply too many unknowns to be able to predict anything.

Press releases present a similar problem. If you say that you're going to do this, or you plan to do that, and it doesn't happen for reasons beyond your control (or it takes too long), then you end up taking a hit in credibility, not to mention disclosure issues. A related problem is that you also end up committing yourself to a course of action when you might want to go a different way because it's better for the Company. There are so many problems associated with frequent press releases that I simply don't have the time to describe them all. The bottom line is that while investor may only see upside in frequent releases, the downside for management and the Company significantly outweighs any benefit.

You should also bear in mind, even though it's not very investor friendly, that a company does not need to keep their shareholders fully informed at all times. Beyond electing directors, shareholders are passive owners and have no say in the day to day management. If I'm running a public company, the last thing I need is a couple of thousand armchair Presidents clogging my voice mail and email with suggestions on how I could better do my job. It's simply not helpful.

In recognition of there being very little (or no) upside to keeping shareholders informed, the SEC mandates disclosure. That's the standard by which companies are supposed to abide. Sometimes startups are late with their financials, and that happens for various reasons, but ultimately they either get caught up or the SEC removes their trading qualification.

Tautachrome appears to me to be going through rapid change at the moment, even if it may appear that they are doing nothing. I suspect that they have quite a few balls in the air, and trying to keep them all going at the same time is difficult. Perhaps that's the reason that the financials are delayed, I don't know. I suspect that once things settle down, shareholders will get a better picture of what's going on and where management expects the company to go. In the meantime, it's simply a question of waiting, or not, depending on your own personal investment guidelines.