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Re: pipedreamz76 post# 17969

Tuesday, 04/19/2011 11:21:42 AM

Tuesday, April 19, 2011 11:21:42 AM

Post# of 98516
If the FDIC liquidates the assets of Tytan international and CEO Mark Leonard it can not only recover $800K debt it can also recover it's cost of recovery including attorney and auction cost. That means the FDIC will seize assets until they are made whole. According to the most recent TYTN financials just the inventory is worth over $1 million. That does not include the value of the land at Meeker Ave. Or the value of Leonard's stock. The value of the 700,000,000 shares of TYTN stock held by Leonard probably will not be worth that much once that is all liquidated.

Of course this is all just my opinion. I could be wrong.