Wednesday, July 19, 2023 9:09:30 PM
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001389067/000147793223004045/ttcm_8k.htm
claimed $3.1 in assets:
"The fair economic value determined for the above-described Exclusive Capital Lease of the PXR Tactical Platform and the PXR Strategic Platform together with the recently announced royalty-free El Dorado grant of an Exclusive Use-license appraised at more than $514.4 million have increased the Company's shareholders' equity to over $3.1 billion, for an approximate per share book value of $0.35. Should the intended reverse stock split occur, the per share book value should be approximately $17.50."
https://www.marketwatch.com/investing/stock/ttcm/financials/secfilings?docid=16541571
These were (apparently) merely licensed to the TTCM by Holly et al, but as you can see, they were supposed to inflate the value of the company to $17.50 ps post a RS. The thing is, not even the double-digit IQ promoters on here bought into that scenario, hence their lack of intelligent rebuttals to arguments that highlighted what a sham this whole exercise was.
Holly and his cronies (aka the management team) probably have those fins ready to post as we speak (unaudited), but fear doing so because once they have formerly filed with the SEC, such disclosures made that a bone fide Auditor finds to have been misrepresentations, become fraudulent. QED, they expose themselves to having committed fraud and that's jail time.
In short, they can't reconcile the 8K (16541571) claiming this massively overvalued asset was apparently generously folded into a loss-making enterprise, without it featuring on the 10Q, and if they do post fins reflecting that, there's unlikely to be any auditor in the country that will sign off on the accounts.
Hence no filing of the latest 10Q.
Now, just to finish off, if you ask me, they may well have planned on getting this shell sham company to a place where no filings are required (Expert/Grey Markets for example?) in order for them to continue with their plan to execute this:
https://www.sec.gov/ix?doc=/Archives/edgar/data/1389067/000147793223002311/ttcm_8k.htm
But I could be wrong. This is after all a highly credible company with personnel who are of the highest caliber and beyond reproach. They'd never engage in such skulduggery, now would they?
Have no fear, you'll be able to buy into this value trap again very soon, either through the name changed TTCM to Artelligence, or another shell they parasitically latch onto. Be sure they'll find a way to extract money from their worthless family photo collection.
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