Tautachrome Inc (TTCM)

[Matt1963]

Regarding your last point on what you see as a now-defunct RS. I'd tend to agree.

Of course, what was expected to happen was that the ridiculous $3bn+ valuation and a reciprocal csp of 0.35 cents based on the value of the assets (giving a $17.5 estimated post-split sp), was stymied by the fact that no one believes that sky-high valuation of the assets that were seemingly piled into the business (oh and btw, they weren't, they're licensed lmao). Hence, the sp didn't pump to the level required for it to be sold off by insiders (no lockup clause to the shares issued for that license agreement so shares offered in lieu can be sold off at any time).

The long and short of it is:

1) They cannot sell now as cp is too low
2) The stock didn't appreciate in line with a ridiculous valuation of assets (that do not form part of the business anyway, so even were the photo collection to be worth $3bn, the valuation of the licensing agreement attached to this asset would be a tiny %age of that)
3) They cannot exercise a RS because the sp after that would still be only around 3 cents (assuming 50:1 ratio)and that would sell back down to trips within a week or two.

With 9bn OS, this game is over folks, so for those still supporting insiders (who have done very nicely indeed), have a hard talk to yourselves, realise you've been duped, cut your losses and move on.

That really is the only way to attain peace of mind on what these people have done here.