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 (10)	10/15/1997 10:15:00 PM
From: The Tower	Read Replies (1) of 126

I think there are several fronts that could cause Titan to really take off. When one of their contracts mature, then earnings wlll be in the black. Fortunatetly their overhead is minimal (five employees and non plush offices). Apparently they have enough cash to carry through to the end of the year. They have developed their technology without any significant debt. Also when the company obtains $4million in assets, they should qualify for the NASDAQ. I think thats when there will be no looking back. The Korean plants were the first tire recycling plants brought to production size. Licensing fees were waived in exchange for develomental information to bring these plants up. Recently they were modified for higher capacity and to obtain a better quality of carbon black. These plants should be back up to production soon. Carbon black is rated by surface area per gram. Fully activated carbon black has an extremmely small particle size. The smaller the particle size, the greater the price. The previous grade was 50 ft.sq/gram. The redeveloped plant is 1000 ft.sq/gm. Once these plants are in full production royalties kick in of which I'm not sure of. But keep in mind that the Koreans are incurring these cost of which Titan has rights to. Most important it demonstrates the feasibility of the technology. Whether the company needs to offer more equity to raise cash remains to be seen, mostly if an agreement matures before the company needs money for operations. It's a chicken or egg problem. Will investment bankers back western plants without contracts for the products (ie carbon black and oil) or will contracts develope without investment bankers backing the plants. If a break occurs with this catch 22, then the payday will be enormous. Kit, do you have $7 million to loan me and I'll... Hope this helps, or at least raises more curiosity. The Tower

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