These guys have been around for a good 10 years or so, and only have 36.3 million shares issued according to IHUB (just looked), and I don't think share dilution is, or will be an issue here from what all I have read, as the in house R&D costs have been paid for, and are now being covered by China partners from what I have read.
I think we finally just lost the .36 technical floor due to weakness here and in the markets in general the last 3 months and seasoned traders know that support level is gone now so it is and will mover lower until enough new good news sets a new floor. Also the charts show a technical GAP in the chart from months back that is around .21-.24/share, which is where the stock maybe headed short term, and would make a good buy point. That gap should act as support, and possibly rally back up from there, unless some unexpected news arrives from left field soon.
I still have the original shares I bought at .70, holding for the long haul, and I bought a bunch more at .36 a while back and sold those around .42 to help cover the loss on the .70 shares, and I have orders in for .21 if we get their, just based on the chart Gap and the fact that super good news does not last forever. I do think, there is a good chance this stock could turn into a cash cow if China follows through and does all the manufacturing and R&D based on the patents, and starts paying license fees in a few years. Under that scenario TTEG would not need to dilute to raise huge amounts of cash. I do not consider this a buy, sell and run stock like many penny stocks, but as long as it is volatile, and drifting lower for now, it seems prudent to hold a small core position, and swing trade the highs and lows until it starts to see reportable profits, or hits a long term stable bottom....
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