EDIT.."...(so basically we are screwed)..."
Didnt say that... (thought that since tytn was $.02 when I 1st looked at it though)
Anyway, numerous posters are thinking that the RS will be effective on 2-24-12.. I dont. Atleast not on an open market trading basis. The date is taken from the ammendment to articles of incorp. documents filed in the state of inc. It's a delayed date.
It says nothing of the market (Gov. agencys/brokerage/transfer agent/MM) aknowledgement towards the "old/new" common stock.
Now, considering I havent seen any "common certs" talk, means everything "common" is just that...common. So, no waiting for "common" certs (warrants etc) to be delivered to the transfer agent to be reissued, just the "old common" to be reissued as "new common".... With that, there are 9 days left for all the "New Common Stock" to be issued to the current common shareholders. EDIT: physical shares
Im sure some here have been issued a 5th suffix of "D" on a ticker in the past..??? "New issue" (maybe not?) The ticker generally stays "D" for 3-6+ weeks if not more till all shares/certs/warrants are issued.
If you look at the Col. SOS doc.
httx wwm.sos.state.co.us/biz/ViewImage.do?fileId=20121079360&masterFileId=19871288462
you will see the terms ("Old Common Stock") and ("New Common Stock") used.... Leads me to believe that ones current (OldCommon) shares of say 1 million will be returned (nixed) then replaced with 6,667 (NewCommon) shares....(1 mil / 150= 6666.6)
Not sure if the T4T means anything concerning splits but the 24th means nothing if I am right.... should you look here: httx: wwx.otcbb.com/asp/dailylist_detail.aspd=02/14/2012&mkt_ctg=OTCBB
you will find forward and reverse equity splits aknowledged thru FINRA... Same site that the "T4T" on TYTN was documented.......
Listen, they (no one inparticular..haha sure..) screwd investors back in May of 2011... A pump on nothing news took it to over 1000% in days... Many bought in on the dump...By June 16th the "company" released news it was raising the A/S to over 4 times the preceeding A/S giving way to the current PPS and/or lack there of....
The warnings were there..........
Go back to the postings of May 11/13th 2011 on up, while keeping an interactive chart of that time period open along with the
"news" time table and you will see the light......
(You'll also see who here now, was there back then/pre pump)
2+2=.........
my worst fear is that after the R/S, I will left from 1000$ to 10$.
that would take the PPS to go from .03 to .003 again....
:)
