"...what you get when you have a public company. It’s called manipulation."
Translation: Pinksheet company with failing revenue, May 2011 example of "M"?
A)"I have not taken any payments in these hard economic times. Check the financials posted at: XXXXX"
Past 3 quarterly reports (2011) have a line item noting that no rent has been accrued to date and the company pays prop tax/upkeep Have not found any line items concerning "pay"....(still look'n).... Articles of incorp?... $
E) I have never given any family members monies from Tytan or “built” my daughters a new house.
Seriously? This is considered a major concern held by shareholders? WOW.....
F) Sales of Private Placement shares: Shares were sold to raise money to buy inventory, purchase Tytan leasing, Pay for Patent work and much more . This is standard procedure for a rapidly growing and developing company. The key to this is keeping the amount to a modest amount. Tytan did not do this during its first year. Unfortunately, last year Tytan had entered into some financial commitments that would not have taken much stock. However in the middle of that process, the manipulators successfully scared many investors with false accusations and thus the stock prices dropped drastically, while our commitments did not. Also hurt from this, was Tytan's ability to use stock as banking collateral value. Thus we were forced to increase the amount of stock .
So, it was manipulation that drove the stock to the tripzips, not the increase in A/S over 4 times its original limit as the original A/S was almost fully diluted????? What drove the increase from .0004-7 to .0045 in May 2011 just prior the A/S raise, great financials or maybe that "M" word?
The 504's, restricted or not?
G) "Reverse Split: As I mentioned, I cannot comment on that. It will take effect when FINRA decides it will take effect."
Comments can be made... Yes FINRA will give the effective date.
"I want to make one thing very clear: I am a share holder, just like you."
Not even close....... Common shareholders have no say in company actions such as, forward/reverse splits, Raising Authorized share amounts etc.........
Was this a "letter in attempt calm weary shareholders" or a "that Ihub board is pi**in me off" rant....?
Oh yeah, it's a: "with my own words on the most popular questions that we can answer."
Nice....
:)
AI
