Tautachrome Inc (TTCM)

[E A]

If this is the case there are two issues.

First this does not follow standard accounting practices for counting outstanding shares. Outstanding shares is equal to preferred stock plus common stock minus treasury stock. Looking at the companies SEC filing they do not list any treasury stock.

Second, if for some reason they did not count these preferred stock, then what happened on October 5 when these preferred shares transferred to common is an immediate dilution of 1,379,510,400 shares