Tytan Holdings Inc (TYTN)

[Suspect]

1) Tytan Tractor Company is not for sale ! NOT TRUE ! YTO and Tytan met to discuss small tractors, large tractors, small dozer and mutual cooperation in a possible Joint Venture. Any involvement from such a effort, will go to benefit Tytan Holdings/Tytan Tractor. CEO Mark Leonard will be going to China in late October in order to

The sentence just cuts off? Who brought up these false rumors that Tytan was for sale? I could probably go back and find some names.

2) Tytan has no known outstanding debt other then current billings and its Inventory loan with Midland Bank !

I don't see a Midland Bank loan in the most recent quarterly. Can someone point it out? Also what happened to this:

"Tytan International, Inc. is technically in default of that loan as of May 11, 2011, and as of the date of this Quarterly Report.

The company believes that Mr. Leonard continues to have very productive meetings with the FDIC concerning the satisfaction of the $700,000 judgment against him and the Company’s defaulted $660,000 loan with the now defunct Cowlitz County Bank."

That isn't an outstanding debt?

3) CEO Mark Leonard's personal credit rating is over 700

Good for Mark Leonard.

4) The Tytan warehouse facility is owned solely by Mark Leonard personally & has no mortgage. Insurances are paid. It has one years taxes due. In the State of Washington, property owners can let the taxes go one, two or three years without any action. Only a fee is charged. It is the Property owners choice of how he wants to pay it. years.

According to the quarterly, TYTN "the Company" is supposed to pay the related real estate taxes.

"Note D- Related Party

Mark Leonard owns the real estate the Company operates from and no
rent has been accrued to date. The Company Pays all the maintenance
and upkeep and the related real estate taxes."

Every other year the property taxes were paid when they were due. Why the decision to start not paying them?

5) Tytan has appointed a new attorney for the Attorney certification letter for the OTC rating. A conflict of interest arose and Tytan made the change. The change caused a delay in our reporting. It should be completed by weeks end.

Previously the attorney letters were finished within a couple days of the report filing. What type of conflict of interest could have been so sudden that this change wasn't made weeks beforehand?