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Friday, January 13, 2012 9:53:48 PM
"I am banking on the A/S being 43 million after the split if it is a 150 to 1 split. I am holding firm to that."
Both O/S & A/S splits?.... Taking the A/S down to 43 million leaves no wiggle room for the company (with the kind of debt it holds)... Considering the O/S is an unknown right now it doesnt make sense nor does it make the company any more attractive..
Being on the negative side Id consider it a "neutral positive" if it cut the A/S in half considering it went from 1.5 b to 6.5 b.
As for the DTC, It's believed that the actions with the 504's already have TYTN in its sights nevermind the raising of the a/s-o/s and a now announced reverse split within 7 mos. of each other.. The company seems to be unable to produce a concurrent based report from the time I have been watching... Seems to show what info it's deems sufficient at th time. This is not what the DTC wants... FULL REPORTING!!!! Be transparent!!!!!
They dont care if the company is playing with numbers per say, but playing with investors...
A/S being 43 million after the split.....Holding firm...
Id say ok if the company was showing slow profits, no debt, an economy on the rise. None of that is happening. Taking the A/S to 43 million with the likelyhood of the PPS falling after the RS would be a self inflicted wound. But then, I believe I read on here that the F/S would be enacted after the R/S...
ALL BS!!!!!!!!!!!!
Unless the company is building to be purchased as the Preferreds get their money first and private investors 2nd (after the lawyers), this play is but that... A play..
AUDIT TYTN!!!!! ASAP!!!!! They did promise audited financials not that long ago, no?
(as most pinkies promise at one time or another included with "uplisting" comments)
Same market / Same story / Just a different ticker.......
:)
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