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Non-Tech : TMOT - Titan Motorcycle Company (moderated subject
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To: jmhollen who started this subject3/7/2001 11:40:41 AM
From: mmmary  Read Replies (1) of 16
 
Stock starting do go down

TMOTQ went bankrupt January 9, 2001. They liquidated their main assets last year via this website titanparts.com and many garage sales at their plant. They sold their tools, parts and lifts. There is no equity. Shares are worthless when trading halts. Liabilities exceed assets. They may halt trading when they don't file their annual report due March 30. They probably won't file their annual report as it is too costly and there's no reason as they are bankrupt. This is just a weak pump. They are not building bikes. They moved out of their factory building last year which is now for lease. They stopped going to shows and advertising last year. Their bank forced them to liquidate and wind down LAST YEAR as per their SEC docs. Another company is already making their product, the Titan bike except they call it the Titanium.

Here are their SEC reports. Notice their bank made them liquidate last year. Notice that liabilities exceed assets.
cnbc.primark.com

Here is their bankruptcy press release. Notice, no mention of shareholders.
americanmotor.com

the pump is over. jmhollen bought his shares in february at .01 He just wants to sell you his shares.
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