Tuesday, May 06, 2008 12:46:27 PM
http://app.quotemedia.com/quotetools/showFilingOutline.go?symbol=TTNC&name=TECTON%20CORP:%20SB-2&link=http%3A//quotemedia.10kwizard.com/contents.xml%3Fipage%3D5403497%26repo%3Dtenk
On page 21 to 22 they list the >30,000,000 shares registered for trading. Norman Meier, Bruno Weiss and Norman's wife Shannon have the majority. After that, most of the rest of the shares are in groups with names like Cloudless, Desperado, Esperanze, Udino and Ulla. These are offshore companies (Cyprus and Marshall Islands) that Norman either owns them outright or has buddies fronting for him.
If you find out what these companies did to earn these shares, let me know. Putting money into the treasury doesn't seem to be a requirement.
Meanwhile, the good damen and herren around Zurich who actually paid in money to get Tecton started can't unload their paper. Even if their shares were free-trading (most weren't or got restricted after the fact), they can't trade because of the CUSIP number debacle. Tecton is moving really sloooow in getting new shares issued. As the shareholders wait, the price keeps dropping.
Just one question - where is the SEC when you really need them?
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