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Re: Johnny2good post# 399

Thursday, 10/21/2010 11:09:51 AM

Thursday, October 21, 2010 11:09:51 AM

Post# of 1490
Hi Johnny,

Welcome to the board. I'm not familiar with Mr. Flannery's past or if he is currently involved with any companies other than Titan Energy.

Mr. Flannery holds almost 3 million shares of Titan. As far as I can find he hasn't sold any shares since acquiring them.
Insiders hold a total of almost 8 million shares, almost 1/3 of the current O/S. The only sales I can find are for about 80,000 shares from someone no longer with the company.

The Outstanding shares have increased during this year to 26,460,810(from the most recent 10Q). I assume this is due to expenses from acquistions & growing the business. This is my opinion I could be wrong.

As far as dilution; they are authorized to issue up to 1.9 billion shares. If they wanted to dilute I think we would have seen a much higher O/S by now.(again my opinion)

If you have questions you should contact the company directly. I have emailed them several times & They have responded fairly quickly to most of my questions.

Please do your DD on Titan & post whatever you come up with here, both positive or negative. I'm interested in any information you find on Titan Energy. Good luck.


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