Techcom Inc (TCRI): Post Unavailable Additional Informati...

breezin_chs · 2009-12-12T20:39:57.4300000Z

A little history won't kill us. fozy, you are correct: All we have in pinky land is PR's and filings to go by Why some posters don't READ them is beyond me. I've been trying to refrain from this discussion, letting the good times roll, but there's too much disinformation creeping in. I would add to your statement above that there is an invention called email, which can be utilized to ask some pesky questions of IR. It all starts here: Previous management - to be clear, PRE-current management, PRE-Mina Mar - were, to be charitable, gunslingers, not overly concerned about the niceties of SEC regs. Previous management saw fit to issue 2.5B shares OVER the 5B authorized. The SEC wasn't amused. Gunslingers vamoosed and Mina Mar took over what essentially was a shell, and bit by bit, started cleaning it up while the pps was snoring for months @ .0001. This was a good time to buy, assuming patience. On Oct 23, 2008, company stated that it would recapitalize to 9.8B from the then-current 5B A/S with the proviso that the additional shares would be issued as RESTRICTED stock. Per NV SoS amendment on Oct 28, 2008: A/S 9,888,000,000, of which (Did I mention?), 4,888,000,000 shares were RESTRICTED stock. More snoring @ .0001. Recognizing the history of the stock and anger of previous shareholders, current management apparently decided to do something dramatic, declaring an unusal policy on Oct 26, 2009: No Recapitalization, No Reverse Split and No Dilution. From Sep 30, 2009, share structure hasn't risen above A/S 9.9B (9,888,000,000, O/S 7.5B (7,500,000,000). Precise float: Dunno, but you know where to ask. From this point on, it's all fundamentals, IMO; an investor story to be played out based on contracts, external funding and transparent investor communications. GLTA