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Titan Pharmaceuticals Inc. Message Board

luvnpeas99 3 posts  |  Last Activity: Sep 14, 2014 12:01 PM Member since: Jun 4, 2004
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  • Reply to

    merger

    by baron1940 Sep 10, 2014 1:41 PM
    luvnpeas99 luvnpeas99 Sep 14, 2014 12:01 PM Flag

    This company is flat broke.

  • luvnpeas99 by luvnpeas99 Sep 5, 2014 6:37 PM Flag

    Any thoughts on why a Pink Sheet stock with $61k in assets has a market cap of around $100 million?

  • From the last quarterly report.....

    "In January of 2014, the Company sold 50,000 shares of its common stock for $.20 per share, or $10,000, to one investor who was a shareholder in the Company. "

    "In January 2014, the following converted their notes into common stock at $.20 per share: John and Priscilla Zaontz converted a $15,000 note and interest into 82,500 shares; Hoi Ping Lee converted a $25,000 note and interest into 137,500 shares; Darryl Zaontz converted a $25,000 note and interest into 137,500 shares of stock. Each of these individuals was also issued shares as additional consideration as called for in the notes, which totaled 14,000 shares."

    "In April 2014, the Company sold 115,000 shares of its common stock for $.40 per share, or $46,000, to three private investors. "

    "In April 2014, the Company issued an aggregate of 35,000 shares of our common stock to two individuals for professional services. These shares issued were valued at $.40 a share or an aggregate price of $14,000. "

    "In May 2014, the Company issued 15,000 shares of its common stock for professional services for $0.40 per share, or $6,000."

    "In June 2014, the Company issued 40,000 shares of its common stock for professional services at $0.40 per share, or $16,000."

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