"can anybody answer why a company goes public?"
Why "a" company goes public or why "this" company went public?
The story timeline says "banking issues" aka lost line of credit.
"Why" a company goes public is almost as important as "when" a company goes public. Many of the big boards go public after a proven revenue stream has been established having a plan to grow the company before asking for public monies... In the pinks, nothing really needs to be proven nor maintained. This lack of checks and balances leads to exactly what has been seen here.
A "real" company with products and some sales going down a path of dilution leading to an implosion of the share price.
Right after the raise in authorized shares the "reverse split" chatter was viewable. 7 mos later the expected R/S news was released.
I believe the "dilute/reverse split" method is described on page 1 of pinkies4dumb@@@es... Page 2 describes CEO worship and the too close for comfort ideaology... Page 3 describes the "phony share/we're being attacked by illegal shorting" tactics.
A good read but, if one wants to get the basics quicker just look at tytns Pr's, financials and PPS timeline..(that can be done online for free)
"There may be opportunity for me to play in the near term, before the 504 investors dump, and most certainly after they dump. Again, with anything positive."
What makes you so sure the 504 investors havent "dumped" already?
(or atleast the majority of them)
504's dont have to be restricted..... Thats why the DTCC is not favorable to companies that use that type of financing.
The first public release of info concerning 504's was in the Q1 fins. 368 million shares returned for a total of $140K released:
Jun 3, 2011 Quarterly Report for Mar 31, 2011.
Average of .00038 per share.....? So the trick is in the wording and timing. The next 2 quarterly reports mention previous time frames along with current. No one can determine what was sold at what time for what amount and are left to estimate. Either way, the P&D starting may 11th/13th only leads one to believe that the 504 placements thru the first and early second quarters where not restricted and played as only private investors could giving the lack of sales and an upcoming raise in authorized shares.
A week over due for full year 2011 report... (who knew?)
Not too long before Q1 2012 is due....
What will the releases bring?
How many licks does it take to get to the center of a tootsie roll tootsie pop????
3 for an owl, how many for a bagholder?
One thing for sure is, I cant wait for the news on all the offshore ghost share phonies getting sunk via TYTN HOLDINGS....
:)
