"At tz1 there will probably be a reverse split...."
What would that do in benefit of the subject company?
99.99% of the RS's pinkyland style end up back to the RS price...
One would have hoped by now that the company would have had a "plan B" after the June 2011 raise of more than 4.3 times the A/S with over a 100% increase in O/S... The timeline in itself doesnt add up really... begining of the year the CEO releases 700 million shares knowing full well the bank issues might not go "in favor" just as the " messageboard war with Tractorco" is being decided, then in june the decision to up the A/S is announced while the "internet messageboard war" monies are accounted for as "future" income (accts receivable)...... Even that accounting doesnt add up to the previous banking /revolving credit default the company/CEO is liable for...
Now, If the company was not on the verge of bankruptcy beginning 2011 why would the 700 m shares have been needed from the CEO? How long of a time frame was there between the 700m shares returned for 504 placements and the judgement on the Bogden case? (moot because common sense says the next course of action was for the loser to claim bnkrpt) But, with the new developements in the pink market were the 504 placements worth the results? Why wait so long to raise the A/S when toilet paper thin?... Investors can handle a raise/dilution when needed and in portion but what happened here was, as being witnessed now, a tad bit much.... Take that the company has been in business since late 2003 and hesitated hedging it's revolving line of credit issues till it did..... What can an investor hold on to should 2012 not improve economically? Tytn isnt the only company that is feeling the pain..... Unless you are a tween driven product or some shoot'em up video game, your kinda screwed till the consumers feel safe enough to start replacing what they can fix....Right now it looks as even the smaller start up farmers are playing it safe...
1988 to 1995 Chinese products might have been on the back of Americans minds but today as connected as everyone is, any bit of bad news OEM wise could effect a small company trying to promote "import" products that are meant to be "long term investments"........ (no matter how cheap)
Time will tell, till then investors need to believe that no further dilution will be required to maintain operations..
:)
