Monday, June 27, 2011 11:31:34 AM
& board approval was granted about a month ago for an A/S increase.
We know the CEO has big plans for this company he has been working
on planning & organizing over the past 5+yrs BUT, he has not
increased the O/S nor announced what specifically those shares
WILL be used for.
We know this:
NOTE G- COMMON STOCK PUBLIC FLOAT
The CEO, Mark Leonard, returned to the Company 368 million shares of his common stock, which were
cancelled. The Company subsequently issued additional common shares in a series of 504 private
placements to raise $140,000 in capital.
(Pg 11/23 of filing) AND that the CEO does not have dilution tendencies.
We also know that China factory terms, including this recent
cash infusion, plus current sales DO NOT directly indicate a
need for operating capital.
We also know TYTN has plans for a coating patent, a financing
arm, & have engaged in talks with the Chinese about a few
business opportunities that have been intimated. So, we have
ideas & have been speculating but until the CEO tells us, we
aren't directly informed so to speak!!
3. Tytan hopes to be able to offer financing for both wholesale dealers and retail customers,
which will be a first for a company in the economy priced tractor sector. Tytan is hopeful
that this program will be available in the 3rd quarter of 2011.
5. Tytan also purchased a patented special coating that enhances fuel efficiency and reduces
diesel emissions. It appears from various testing so far that emissions can be reduced by
4-8%.”
Our Goals for the remainder of 2011:
1) New competitive inventory financing loans for our dealers and customers.
2) A North American Sales network of manufacturer representatives established and
working in the field.
3) New product seeding started with new, carefully chosen dealers.
4) Expansion of the engineering and mechanic staff.
5) Two new Tytan owned stores open and operational.
6) We anticipate that sales will double with good profitability (since the onetime
manufacturing costs are paid for).
7) Tytan’s tractor supplier in China expects to be opening a brand new, state of the
art manufacturing plant with special focus on EPA compliant tractor engines.
