Tautachrome Inc (TTCM)

[1~Eye~Jack!!]

~ ttcm = That IS a BummerRr!

yoyo29

I'm pretty sure they transferred all the unissued shares and some patents...oh, and the patents are supposedly the back bone of any potential so I would disagree and that is exactly why people should be concerned and take this suit seriously. If that patent goes back and gets seized, good bye investments for all of us.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11998880

Net comprehensive loss

$ (4,599,284 ) <----2016

$ (914,084 ) <-----2015

Item 3. Legal Proceedings

Morgan Lawsuit

Background

The May 21, 2015 merger of the Company with Click Evidence, Inc. (“Click”) resulted in the transfer of Click’s assets and interests from Click to the Company and in Click becoming an asset-less shell inside the Company and then being disposed of on November 25, 2015. In the November 25, 2015 conveyance of the Click to the new owner, its name was changed to BH Trucking, Inc. (“BH”).


5

Table of Contents

Filing and service

A first lawsuit was filed in the Superior Court of the State of Arizona, Pima County, by a former consultant to Click, Richard Morgan (“Morgan”). This lawsuit was served on December 2, 2015, against Click/BH, with the Company also named in the lawsuit, but not served by it or effectively made aware of it until 2017.

Allegation

The lawsuit claimed that the consultant’s agreement with Click/BH permitted him to recover a finder’s fee for the cashless stock swap that achieved the merger on May 21, 2015. The new owner of Click/BH, the only party served, declined to defend the lawsuit allowing it to go to default.

Default judgment

On December 16, 2016, the Court issued a default judgment for the plaintiff and against the defendants in the amount of $2,377,915. The Company believes that having not been served or made aware of the lawsuit, it is not a target of the judgment.

Second Lawsuit

On January 23, 2017, the Company and its CEO were served in a second lawsuit by Morgan alleging that the Company’s intellectual property assets that were transferred to it by Click under the May 21, 2015 merger of the Company with Click, were fraudulently removed from Click/BH, and seeks to have them returned to Click/BH.

Statement of Counsel (Ian Quinn, Quinnlaw, Phoenix, AZ)

Subsequent to a stock swap on May 21, 2015 between the Company and the private Arizona corporation Click Evidence (Click”), the assets and interests of Click were transferred to the Company, Click became a mere shell, and in November 2015 the shell was conveyed out of the Company to Robert McClelland who renamed it BH Trucking. Subsequently Richard Morgan, a former consultant to Click, filed a lawsuit against BH Trucking for an alleged breach of contract with Click. While BH Trucking filed an answer and initially defended against the litigation it later dismissed their counsel in the case and failed to hire a new attorney. In Arizona, a corporation cannot represent itself pro persona . Morgan moved for and was awarded a default judgment against BH Trucking on December 15, 2016 in the amount of $2,377,915.01.

The Company was named in the lawsuit but was never served in it. As such, the Company is not a target of the judgement.

In 2017, Morgan filed a second lawsuit in which the Company is named and has been served. The Company believes this litigation is frivolous, has filed motions to dismiss all claims against it, and has instructed Quinnlaw to use all best efforts to prevent the case from getting past the pleading stage. Should it proceed, management has instructed Quinnlaw to continue to vigorously defend it.

Note 8 – Litigation Loss

Morgan Lawsuit

Background

The May 21, 2015 merger of the Company with Click Evidence, Inc. (“Click”) resulted in the transfer of Click’s assets and interests from Click to the Company and in Click becoming an asset-less shell inside the Company and then being disposed of on November 25, 2015. In the November 25, 2015 conveyance of the Click to the new owner, its name was changed to BH Trucking, Inc. (“BH”).

Filing and service

A first lawsuit was filed in the Superior Court of the State of Arizona, Pima County, by a former consultant to Click, Richard Morgan (“Morgan”). This lawsuit was served on December 2, 2015, against Click/BH, with the Company also named in the lawsuit, but not served by it or effectively made aware of it until 2017.

Allegation

The lawsuit claimed that the consultant’s agreement with Click/BH permitted him to recover a finder’s fee for the cashless stock swap that achieved the merger on May 21, 2015. The new owner of Click/BH, the only party served, declined to defend the lawsuit allowing it to go to default.

Default judgment

On December 16, 2016, the Court issued a default judgment for the plaintiff and against the defendants in the amount of $2,377,915. The Company believes that having not been served or made aware of the lawsuit, it is not a target of the judgment.

Second Lawsuit

On January 23, 2017, the Company and its CEO were served in a second lawsuit by Morgan alleging that the Company’s intellectual property assets that were transferred to it by Click under the May 21, 2015 merger of the Company with Click, were fraudulently removed from Click/BH, and seeks to have them returned to Click/BH.

.00's Coming Again,,,,Soon!

...so...sad...