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Thursday, November 18, 2021 8:37:14 PM
The 198.125 million shares to contractors for "marketing campaigns" is the SRAX deal, obviously. SRAX are undeniably paid promoters. They even admit it themselves, which is in accordance with Section 17(b) of the Securities Act of 1933, as amended.
So TTCM calls their promoters contractors in the filings with the SEC. This is as plain as day. However, unlike SRAX the other contractors are not in compliance with federal laws on disclosure to the public.
Upon further detailed review of the 10-Q, I answered my own question as to where the contractors expenses disappeared to in the balance sheet financials. TTCM now lumped the expenses into General and Administrative expenses. I hardly consider paying contractors to illegally promote TTCM a general and administrative expense but whatever. Slight of hand is ever present in this endless con game.
The 22nd Trust is the Nugent family. The founder of this scam is Michael Nugent. He imported this fraud to the US after it was busted in Australia.
https://tautachrome.wordpress.com/
https://www.smh.com.au/national/from-the-horses-motor-mouth-to-his-rego-plates-20110423-1ds3y.html
https://www.smh.com.au/national/conman-micheal-nugent-bankrupted-for-second-time-20140412-36jz3.html
https://www.newcastleherald.com.au/story/924904/the-menace-of-magnetism/
The magnetic engine scam exposed in these articles from the Sydney press was also imported to the US from Australia as Novagen, NOVZ. That security has since been revoked by the SEC and is no longer in existence.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152722781
Michael Nugent has a son, named Sonny Nugent. He is also involved in this fraud. Back when KlickZie was the the promoted fairy tale TTCM paid Polybia Studios 350K to flesh out Dr. Leonard's KlickZie concept, but that never happened and the focus of the scam shifted to the non disclosing promoter turned company insider David LaMountain's ARknet scam.
Polybia Studios is a fantasy creation of Sonny Nugent, and a way to launder more public money into the Nugent family accounts.
This is rather self-explanatory. However, the discount to market price is not mentioned.
None of these owners of the recent convertible debt notes are named in this filing with the SEC, which shows total disdain for the SEC laws governing SEC registrant securities full disclosure laws. All of these parties could be the Nugents, Leonard, LaMountain, and I suspect they are.
TTCM settled the dispute with the family of the deceased Eric L. McRae to keep quiet about the matter to "various regulatory agencies", presumably the SEC and the DOJ. In other words, hush money paid.
In other words, TTCM has pre-paid a promotional group, SRAX, 1.98 million dollars worth of stock for a promotion blitz. Expect to see that come into effect as soon as these shares come off Rule 144 restrictions.
That money is gone. Aasim Saied is a well known fraudster. TTCM had a fraudster on the Board of Directors, until the calls for his head on a platter from shareholders became overwhelming. Everyone associated with TTCM is a con artist.
Aasim Saied, a well known con artist who served on the Board of Directors. Akyumen Industries is misspelled in this 10-Q, but that is par for the course with sloppy con artists who fancy themselves above federal US law.
https://www.newswire.com/news/akyumen-is-set-to-make-gary-indiana-the-center-of-5g-smartphone-21285684
https://www.intelligence360.news/akyumen-industries-to-expand-into-150000-square-feet-of-space-in-gary-indiana/
https://www.chicagotribune.com/suburbs/post-tribune/ct-ptb-gary-genesis-announce-st-1028-20201027-xxbcdr45avfh5aa5lfloij7cr4-story.html
https://www.nwitimes.com/business/local/akyumen-smartphone-factory-deal-dead-gary-suing-to-regain-genesis-center-ivanhoe-gardens-sites/article_bd66df6a-d91c-56c3-bfcd-9c87907815a8.html
https://www.insideindianabusiness.com/articles/report-smartphone-project-for-gary-dead
https://apnews.com/article/lifestyle-business-gary-c99a725b43bcb80f3ff0c18b890f9544
http://www.gary411news.com/news-detail.aspx?typeID=12&newsid=55401
There are no further disclosures on the Research and Develop expenses detailed in this filing with the SEC. Nothing regarding what in particular is being researched, nor developed. Another 812.6 thousand of shareholders equity that was deposited "somewhere".
Where is this "company" based in reality?
TTCM has been "just launching our product" since the days of RDSH and Michael Nugent as the CEO on paper, until he was fully exposed as the con artist he is in reality.
We had general and administrative expenses of $192,513 for the three months ended September 30, 2021 versus $153,285 for the same period in 2020. Most of the increase is attributable to increases in professional services (an increase of $13,000) and promotional activities (an increase of $25,000).
"professional services". Oh, that is prime. Probably refers back to the contractors expenses now lumped into G&A expenses on the balance sheets.
The current assets are almost all in cash derived from convertible debt financing, all of which is shady in and of itself. As I have pointed out from the filing itself, is unspecified and in distinct disregard for the federal laws which TTCM regards as not applying to them.
TTCM is ripe and long overdue for federal enforcement actions by both the SEC and DOJ.
Note to the feds: Interview the McRae family and get the skinny of what all was going on prior to 2017.
All text in quotes comes directly from the TTCM Q3 filing for 2021 as found here and on EDGAR.
https://www.otcmarkets.com/filing/html?id=15362840&guid=Nb3wk6RJAZVQh3h
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