Replies to post #145467 on Tautachrome Inc (TTCM)

[jpinvest14]

The preferred shares were included on the balance sheet. If they were included in the “common shares” line, then they would have been counted twice.

And yes, this does mean that there was immediate dilution of 1.4 billion shares. I’ve made the point on here before that the OS was higher than it appeared because these preferreds existed. I think someone even asked DLM on Telegram and he dismissed it by saying “Not if the holders of those preferred shares choose not to convert them”. Well they did convert them.

[jpinvest14]

Hey E A. What you’re experiencing on Telegram is exactly what I’m talking about. When you ask hard questions, DLM gives vague answers or no answers at all. Then he steps out of the way so the other people can attack you or drown out your questions in a sea of unrelated comments. This is how DLM gets to pretend to be a proponent of “transparency”. Yes, he does make himself available for questions on Telegram. But no, he doesn’t answer actually any difficult ones. Also, he doesn’t appear to understand accounting AT ALL. So asking accounting questions is futile.