I suggest trying some Windex glass cleaner and a clean paper towel on that foggy crystal ball as there has been continuous 10 some odd year SEC reporting by TTEG that has been non stop, continuous and IS required by the SEC. TTEG is NOT a pink sheet stock, is it a top tier OTC fully reporting top ranked start up company.
The Float is too small to do much but soar on any future news driven buying. 236 has no reason to dilute as he has already acquired more than 50% of the issued shares. He ran off your friend that was the master of dilution here. Let's see what he does with controlling interest and we know he has the money to fund the company out of his own pocket. No toxic debt here anymore and no volume selling for nearly a year. 10K is due in about 4 weeks.
Another example of sheer fantasy post content with no facts to back it up and today we have proof it was fantasy:
"No 10q or k's will be reported anymore. As a pink the company isn't required to report basically anything about their finances. With volume a zero I guess remaining shareholder(if there are any left) can take some comfort in that the company (236) isn't diluting you at the moment"
Volume is up, not zero, TTEG is an OTC Tier I stock, not a stop sign or toxic sign pink sheet stock. The dilution comment missed the target too LOL.
OH, and OMG what is this, they just filed an SEC 8-K? Really???
The new CEO is taking a pay check in share options, to buy shares, no cash salary, options to buy shares at .16/share!!!!
Item 1.02. Termination of a Material Definitive Agreement.
On February 19, 2016, Turbine Truck Engines (the "Company") executed Settlement Agreements with both Sahoma Controlware, LLC ("Sahoma") and Justin Dean ("Dean"), mutually concluding both the Engineering Services Agreement, dated June 3, 2015, with Sahoma and the Consulting Services Agreement, dated June 3, 2015, with Dean, an individual, collectively the "Agreement(s)". The Agreements with both Sahoma and Dean were executed to provide the Company with engineering, technical and analytical expertise to research and determine the viability of the Company expending additional resources on the development of its Gas-to-Liquid process technology ("GTL") for converting methane and oxygen gas into methanol liquid at low-volume production rates. Under both Services Agreements, the Company has received certain 3D modeling, design and data sets that provide a baseline confirming the Company's undertaking to pursue additional build and validation research and development of its GTL process technology. Under the terms of the Settlement Agreements, the Company has no further obligation to pay Sahoma the final milestone payment of $10,824 and Dean will retain his 250,000 Rule 144 common shares issued to him under the Engineering Services Agreement.
There are no further obligations existing between the parties under the Agreements.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 19, 2016, the Board of Directors of Turbine Truck Engines, Inc. (the "Company") approved and the Company executed a Future Services Agreement ("FSA") with Christopher David, an individual, to provide continued services to the Company filling the roles and responsibilities as the Company's President, Secretary, Treasurer and Director, for a period of February 19, 2016 through December 31, 2017.
Wherein consideration of compensation for Mr. David's services, under the terms of the FSA the Company granted Mr. David stock options for the purchase of one million (1,000,000) shares of the Company's restricted Rule 144 common stock, which shall be granted and shall vest in accordance with the following schedule:
(a)
a Five-year (5) Option granted for the purchase of Five-Hundred Thousand (500,000) shares at Sixteen cents ($.16), vesting immediately upon the execution of the FSA; and
(b)
a Five-year (5) Option granted for the purchase of Five Hundred Thousand (500,000) shares at Sixteen cents ($.16), vesting on the one-year anniversary date of FSA Agreement, or earlier if Mr. David is terminated without cause.
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