TTSI as of October 27th 2014 they are the KEY FIGURE of showing the court once this government grant "cost share" is acquired by investors we have the "Go"
THAT IS WHY THEY ARE INTERESTED PARTY ...
This has always been the Cost Share in the grants that brought this delay in commercialization and future profits... Take a look at when the PPS dropped and also Vision Stated that they project by end of 2014 they will be profitable and then in December they retract that statement because of the grant cost share with Investors...
REMEMBER THIS Profitability in in end of 2014 News:
Now TTSI is involved because they are the KEY factor to make this happen and show the Court that with the additional funds that Vision will become profitable and Court will also see this a way to Emerge Officially...
Remember Only 3 million debt to incoming 100+ million incoming income... TTSI is the Key and reasons why they are a "interested Party"
From the Pacer report there are Several Financier/Investor as They know Vision has the potential $100 million plus in income from their $3 million in debt... Any Investor will jump on this as we know Vision Industries has:
Quote: -------------------------------------------------------------------------------- 4. Events Precipitating the Chapter 11 Case.
Debtor’s financial difficulties were primarily caused by a lack of operating capital. In the months leading up to the bankruptcy filing, Debtor’s principals sought permission from the largest debt and convertible note holders to increase Debtor’s authorized share count from 500 million to 10 billion common shares. The increase in authorized shares was requested by management to enable Debtor to seek further funding to continue operations. The request was not approved, which made it impossible for Debtor to raise capital to fund operations. Debtor anticipates that it will secure substantial post-petition DIP financing pursuant to ongoing negotiations with several potential investors. Once DIP financing is secured, Debtor will propose a plan of reorganization to restructure its debts and emerge from bankruptcy as a profitable entity.
5. Debtor’s Business Reorganization Effort
Debtor intends to secure post-petition DIP financing by the end of October 2014 to, at minimum, remain post-petition current on lease payments to its landlord, compensate court approved professionals associated with this Chapter 11 case, and obtain an order confirming Debtor’s Chapter 11 a plan of reorganization. It is anticipated that if a plan is confirmed, it will come as a result of a substantial loan or a capital infusion. Should Debtor be unable to obtain such financing, Debtor will consider selling its assets to pay creditors.
Start-up companies frequently use stock-based compensation to incentivize their executives and employees.
Stock-based compensation provides executives and employees the opportunity to share in the growth of the company and, if structured properly, can align their interests with the interests of the company’s shareholders and investors, without burning the company’s cash on hand
Quote: -------------------------------------------------------------------------------- 3. Debtor’s Management and Employees Debtor’s current management team consists of Martin Schuermann (CEO & interim CFO), Jerome Torresyap (President & COO), and board members Scott Lambert and Brett D. Mayer. Aside from management, there are six employees and independent contractors performing work on behalf of the Debtor. There are no funds available to compensate management and employees at this time. --------------------------------------------------------------------------------
Quote: -------------------------------------------------------------------------------- 4. Equity-based compensation – stock or pseudo stock programs an employer uses to provide actual or perceived ownership in the company which ties an employee's compensation to the long-term success of the company. The most common examples are --------------------------------------------------------------------------------
Because i just sold a bunch of shares so i could move it to another stock. Plain and Simple i just dumped a million shares in the last hour. I will buy those million back when we start moving.
Thats the reason for the drop buddy!! What other speculation do yo have?