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SPARK

01/30/08 11:38 AM

#431 RE: mfitrader #430

Nice news!...my kinda sector!

JellyDonut

01/30/08 12:41 PM

#432 RE: mfitrader #430

It's pending the audit.

mfitrader

01/30/08 3:24 PM

#434 RE: mfitrader #430

The press release says that TTCM was announcing the "acquisition" of a water meter company. It did not say "pending" acquisition. The company has previously claimed to own a power company that was getting ready to produce electricity. They never owned a power company. They claimed they were given the rights to mine vanadium, and projected a profit of more than $5 million within the first year. They never mined vanadium. Around a year ago they issued many press releases claiming to have signed the biggest contracts in their company's history, including several that were "works in progress", and those contracts did not appear on their backlog of orders that was disclosed in June. They say they are profitable. Reuters Rankings says they are not. Yet they also say they have no money to file financials with the SEC. So where are they getting the money to acquire new companies? Why did they go seven months without issuing a press release, and now have issued three press releases within two weeks? Why have they issued many false press releases? Please be informed before you buy or you will be as sorry as I am for believing their press releases were accurate.