ORO VALLEY, Ariz., March 20, 2017 (GLOBE NEWSWIRE) -- Tautachrome, Inc. (OTCQB:TTCM) today updated its fundraising activities and its ongoing discussions with a Fortune 50 company.
"With respect to other work, we announced several weeks ago our discussions with a venture company and a well-regarded investment banking company, regarding their proposal to make bank-funded acquisitions of highly profitable private tech companies in the 20 to 30 million-dollar revenue range, with the goal of up-listing Tautachrome to the NASDAQ in the short term. We have determined to wait on that activity for the following reason. A single acquisition of that size could only work to create a quick up-listing to the NASDAQ if accompanied with a reverse split, which the Company will not do" Looks like they should have done that because on March 27, 2017 the PPS was .028 high and could have recouped a reverse split in 2017 by now in 2020.