Tautachrome Inc (TTCM)

[jpinvest14]

"Issuing shares that haven't touched the open market is not burdensome whatsoever to current shareholders."

Alright I'm going to give a really simple example of why this is wrong. Imagine that a company has 10 shares and you own 1 of those shares. You own 10% of the company. That company needs money, so it issues a debt security that converts into 20 shares. Upon conversion, you no longer own 10% of the company. You own just 3.33% of the company regardless of whether the lender ever decides to sell those shares.

"Companies do buybacks"

Companies need free cash flow to repurchase shares, not revenue. This company doesn't even have revenue.