Replies to post #399 on Titan Energy Worldwide, Inc.(fka TEWI)

[nanook153]

Hi Johnny,

Welcome to the board. I'm not familiar with Mr. Flannery's past or if he is currently involved with any companies other than Titan Energy.

Mr. Flannery holds almost 3 million shares of Titan. As far as I can find he hasn't sold any shares since acquiring them.
Insiders hold a total of almost 8 million shares, almost 1/3 of the current O/S. The only sales I can find are for about 80,000 shares from someone no longer with the company.

The Outstanding shares have increased during this year to 26,460,810(from the most recent 10Q). I assume this is due to expenses from acquistions & growing the business. This is my opinion I could be wrong.

As far as dilution; they are authorized to issue up to 1.9 billion shares. If they wanted to dilute I think we would have seen a much higher O/S by now.(again my opinion)

If you have questions you should contact the company directly. I have emailed them several times & They have responded fairly quickly to most of my questions.

Please do your DD on Titan & post whatever you come up with here, both positive or negative. I'm interested in any information you find on Titan Energy. Good luck.

[Stock_DeVille]

Here's what I have on Jeff Flannery...

Jeffrey W. Flannery
Chairman of the Board and Chief Executive Officer
Titan Energy Worldwide, Inc.
New Hudson , MI
Sector: SERVICES / Electronics Wholesale
Officer since December 2005

53 Years Old
Jeffrey Flannery, Chairman, CEO and Director, Titan Energy Worldwide, Inc. Mr. Flannery has been the Company?s Chairman since December 15, 2005 and the Company?s Chief Executive Officer since July 2009, when he was appointed to replace John Michael Tastad. Mr. Flannery previously had served as the Company?s CEO from December 2005 until October 2007. Mr. Flannery also has served as the Company?s Chief Financial Officer from December 2005 until May 2007. From 1994 to 2004, Mr. Flannery was the founder and Chief Executive Officer of Enhanced Information Systems, Inc., an online home health care provider for the pharmacy industry, Vice President of Development for IUSA, an information technology company, and Vice President of Corporate Communications for Center For Special Immunology, a public company dedicated to medical treatments for immune disorders. As President of FLC Partners, Inc., an advisory company, Mr. Flannery has provided financial consulting and business development services for many public and private companies. Mr. Flannery has served on the Boards of the following public companies: Axia Group Inc. (2005-2006) and Interact Holdings Group, Inc. (2005-2006). Mr. Flannery received his B.A. in Philosophy from the University of California, Los Angeles. The Board believes that Mr. Flannery has the experience, qualifications, attributes and skills necessary to serve on the Board because of his experience with several companies that were in the public markets as a start-up venture, and the fact that he provided leadership and strategic direction to the Company as its founder.

Compensation for 2009
Salary $0.00
Bonus $0.00
Restricted stock awards $0.00
All other compensation $153,000.00
Option awards $ $87,206.00
Non-equity incentive plan compensation $0.00
Change in pension value and nonqualified deferred compensation earnings $0.00
Total Compensation $240,206.00