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Wednesday, January 12, 2011 10:51:07 AM
The company is on pace to post annual revenues of almost $5 million. They have reduced expenses and are on the cusp of profitably.
At the end of September the Company closed its transaction with Hua Neng Long Yuan Technology Company Beijing, Ltd. ("HNLY") to acquire a minority interest of HNLY. This transaction valued TLAN shares at $.05 a share. The shares would need to mount a 2,000% plus rally to get to this figure, while I don't think it will get there, I think there is inherent value in these shares.
The company recently changed names and increased their authorizes shares to 950 million. Many of these shares are restricted and you can see from just looking at the chart that the amount of shares in circulation are in the millions not hundred of millions.
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