FYI to all TMOT'rs:
I pinned down some info from some reliable sources this afternoon, so here's the straight skinny.
Titan is currently consumed, business-wise, with the bankruptcy proceedings. No effort will be put into filling the required end-of-year data, or filing the related N10-K extension at this time.
The appearance of an "E" or placement on the Pink Sheets is a possibility, unless the sale moves along more quickly than expected. For anyone with staying power ( and/or a functional brain ) this presents an opportunity to increase your holdings at possibly lower prices. TMOT being "..halted..", per the rantings & ravings of some resident-idiot on the other stock boards, is ludicrous..!!
The principles at Titan are working daily with their counsel, Wells Fargo, the bankruptcy court judge, and the new investor to achieve the goals of the reorganization plan and impending sale.
According to the discussions and proceedings which have been overheard and observed in the courtroom (..where the TMOT bashers have never ventured..), the solid and vetted investor who is interested in buying Titan has impressed the court that he is serious.
Wells Fargo has also apparently been satisfied to the point that an additional loan will be forthcoming to support operations until finalization of the sale.
Titan's counsel should be filing additional motions next week to formalize all the conditions and agreements to provide a vehicle for the judge to approve same.
There appears to be a reasonable likelihood (..barring Clintwit being sworn back in as President, or Greendspandex being declared God..) that Titan will come out of these proceedings successfully.
If you can afford to hold your shares for the duration and/or average down during these events, the rewards could be substantial. You need to remember that Titan already has a substantial dealer network, so this is not just a "..me too.." start-up situation.
The TMOT bashers can whine, snivel, burp, barf, throw their hissy-fits, and generally be idiotically obnoxious; the one thing they can't do is kill this company - when the bankruptcy judge wants to see the situation successfully resolved.
Now, "......do y'ar thang......"; but try not to let some mindless bubblehead on Yahoo or RB screw you out of your chance to earn a Super Scooter cheap..!!
I'm in, and looking for bargains......
John :-)
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