"..why TYTN IS UNDER INVESTIGATION WITH THE DTC...."
1, It's said they frown upon 504 private placements...
2, If one looks at the timeframe and amounts from the 504's, they look suspicious/manipulative...
Either way, the CEO returned/cancelled/whatever... 700 million shares from Q1 to Q2 as the reports show. THe company by the end of the 3rd Q report raised 555,650 K from private placements during that time frame, giving an average of .00079/0008 per share.
The company then returned the 700 million shares back to the CEO after the raising of authorized shares by 400% (per info from Q reports on OTCMARKETS)
Untill the investment community is provided a full AUDIT of the companys financial activities, the play is a pure MOMO run and that run may become stagnant considering the company has more than enough shares right now to fund operations. The beginning of the year the company was in need of funds so the CEO stepped up as by May the stock took off with no real matrix explaining the rise in PPS. It would be interesting to see the accounting before and after May 2011... If I remember correctly, the "big news" in the MOMO run was the "CEO is going to China"...........??????
After that, the "big news" was "China trip better than expected".... That went where? Oil Filters....where? JV... Where? Yellowstone- TYTN on the front page with a pic?
WHM....Aussie classified page...?
Now "Increased Inventory" is the big deal??? Might be something if it came from the CEOs' "donation/investment" but the 700 million shares were returned as the A/S rose 400+% with the O/S more than doubling.............
YTO (Chinese Manufacturer/Importer for TYTN) has a better standing "alone" across the globe than it does in the states thru TYTN.
YTO/TYTN: Okay mista Wenard... wee maka sure yoo get twactas and impwaments, we use you impwoovments (patents) evwywhere else ... dat good-it vewy good!
In the end, the Country is waking up to the fact that the country of origin for TYTN tractors is our Banker and communists. The sentiment for these imported products are found to be increasingly critisized.. (different world from back in the Rhino days)
Implements and after market might be the only life line the company may have to rely upon just as it seems it has previously relied upon thru the information provided in the financials.
When sales show over a 50% gross profit vs cost of sales, than one is talking about mass produced/shipped/cheap products.
If 50% gross profit is available for "tractors" than I'd buy a General Tso's hat and join the party here in Jersey.... Too bad I have no faith in the future economy nor can I promote XXXXXXXXX..... (John Deere - tytns competition - talks Jersey anyway...)
"The DTC (Depository Trust Corporation) is exactly that, a corportation. They are not a government agency and therefore not sure they....."
xxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Stop worrying about the Govt. entities and start worrying about the company (TYTNs') actions... Be it stupidity or manipulation.... The actions of the company are the end all - be all..... Should there be enough money to promote another BS MOMO run....... Sell into its height, do not buy more hoping for that .01 penny...... (IMO of course..)
:)
