See it coming? You could have bought all you wanted a few months ago. So 12k dollars moves the market cap another million. 12 million plus for a company with 13k in cash no products and no sales, but they were added to a scam index. What could possibly be going on?
Has "The Scraggs" given some of his trade secrets?
So lets see, 236, 236's new JV partner, "the scraggs", and various other lenders have all been issued shares of TTEG.
"On June 3, 2015, the Company signed and executed a six-month Consulting Services Agreement with Justin Dean, an individual, as the Project and Program Manager for Phase 1 of the Company's product development of its GTL process technology. In exchange for these services, the Company issued Mr. Dean 250,000 shares of common stock valued at $15,000, which represented the fair value of the common stock at the commitment date, and recognized this amount in consulting expenses during the year ended December 31, 2015."
valued at 15k now worth 137,500. Geeee think there is a massive incentive to goose the stock with a few grand?
"On September 8, 2015, the Company adopted the 2015 Incentive Compensation Plan ("the 2015 Plan") which authorizes up to 5,000,000 shares of common stock issuance to persons employed by the Company either as an employee, officer, director or independent consultant or other person employed by the Company, provided that no person can be granted shares under the 2015 Plan for services related to raising capital or promotional activities. There are no restrictions on resale upon the purchases of the stock from the employees or the consultants, unless contained in the written award approved by the Board of Directors. During the three months ended March 31, 2016 and 2015, the Company did not grant any common stock warrants to consultants, directors and employees, respectively, related to the 2015 Incentive Compensation Plan. As of March 31, 2016, 4,987,500 shares are available under the 2015 Plan for future grants, awards, options or share issuance.
The aggregate intrinsic value of options outstanding and exercisable at March 31, 2016, based on the Company's closing stock price of $0.12 was $0. Intrinsic value is the amount by which the fair value of the underlying stock exceeds the exercise price of the options.
There were 500,000 options granted to an officer for past services during the three months ended March 31, 2016. The options have an exercise price of $0.16 per share. The grant date fair value of these options was $0.06 per share. The options vest immediately and expire 5 years from date of grant."
500,000 = 275,000 dollars magically created.
Hmmmm, no products, no money, no sales, checkered past I know lets add this company to an index.
I know, I know, 236 means business, but as I see it they have to get their money back after bailing out Rouse and his absolute fleecing of shareholders.
Funny how no share holders sued him, my guess is that most of the people who lost big on tteg where penny traders.
So be fore warned as the stock magically creeps higher on no volume and no news, when news hits it will most likely be a BS story with no data and nothing tangible to digest. The promoters of the stock especially on these boards will flood in to whip the heard. Go back and study this stock. It has happen multiple times. This stock is an accounting scam, and in 20 years has not one product but rather stories and zillions of shares to sell.
THIS IS AN ACCOUNTING SCAM! 236 bought tteg's debt and control of its board and is now harvesting dollars by simply manipulating the share price.
