Titan Technology (TITT-BB) Message Board

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Microcap & Penny Stocks : Titan Technology (TITT-BB)

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To: Kit H. Lou who wrote (8)	10/6/1997 8:38:00 PM
From: The Tower	of 126

Titan does look like a company with tremendous potential especially since most all their revenue stream will be profit. This is due licensing and royalties. But there is a long way to go before all this in place. It seems most of their R&D is complete and being funded by government grants. They have a product ready for the market so what they need are customers willing to take a chance with new technology. Most of the delay seems to be with these customers securing financing and investment bankers willing to back these operations. To attemt to answer your questions you must keep in mind that some of the announcements were still being negotiated and not all contracts are in place. 1. It takes less than 6 months to build a oil recycling plant but revenues can start from tipping fees as soon as the contaminated oil is collected. 2. Titan will recieve 25.5% of the revenue ERHC & Air Group indicates 400 million per year, Titan indicates 150 million per year for the Louisiana Plant. I am not sure what the agreement is in West Virginia. For the tire plants Titan's basic rate is 2.5 million per plant plus 10% royalties 3. Thats a good question. Profitability should occur ss soon as the first such plant satisfies their customer. Several agreements are in place and many more are seriously interested. Its looking doubtful for '97, but '98 is most likely. 4. Now there are 21+ million outstanding shares due to three million more for the 28.5% equity if the first Austrian plant. There are no warrants or preferred shares. Also 12 million of these share are insider held, and probably the 3 million forementioned are restricted. Hope this helps The Tower

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