TTC Technology Corp.(fka TCLIF)

[es1]

There are 19 bil shares but 13 bill are locked up leaving only 5 bill shares in this shell. I am guessing that they are getting rid of these 13 billion shares but it is pure speculation.


Company Notes
?Formerly=SmarTire Systems, Inc. until 4-2010

Primary SIC — Industry Classification
3823 - Process control instruments
Shell Company Status
Shell Company
State Of Incorporation
BC
Jurisdiction Of Incorporation
Canada
Company Officers
Dave Warkentin, President, CEO
Jeff Finkelstein, CFO

Reporting Standard
U.S. Registered & Reporting: SEC Filer
CIK
0001057293
Fiscal Year End
7/31
Estimated Market Cap
$2,448,863 as of Jun 21, 2010
Outstanding Shares
4,897,725,485 as of Jun 2, 2008

http://www.otcmarkets.com/stock/TCLIF/company-info

On December 19, 2008, Xentenial Holdings Limited, a wholly owned subsidiary of YA Global Investments, L.P., converted in aggregate; various secured convertible debentures issued by the Company with a face value of $1,065,236, into a total of 13,315,450,000 of the Company’s common shares.

After the conversion, the Company had 19,342,461,198 common shares outstanding, of which Xentenial Holdings Limited was the holder of 13,315,450,000, or 68.8%, of the Company’s total outstanding common shares. Upon completion of the conversion, a change in control of the Company occurred. The conversion was executed pursuant to the terms of a Voting Arrangement Agreement dated December 4, 2008 completed in connection with the sale of the Company’s tire pressure monitoring system business and related assets to Bendix, under which YA Global Investments, L.P. or its affiliated companies were required to convert into a number of shares sufficient to guarantee approval of the Asset Sale by the Company’s shareholders.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6666053