Canada Markets closed

TruTrace Technologies Inc. (TTT.CN)

Canadian Sec - Canadian Sec Real Time Price. Currency in CAD
Add to watchlist
0.0100-0.0050 (-33.33%)
At close: 03:53PM EDT
Sign in to post a message.
  • K
    Kathleen
    maybe we need to contact Shoppers and verify ttt is a vendor.....
  • b
    block
    Nothing in the news, no company updates, last social media post in April.

    At this point TTT should cut losses and sell to an acquirer who can actually do something on the marketing and sales side..
  • G
    G
    It looks like Robert Lelovic, TTT's CFO, has left TTT and is now the CFO for Cesare Fazari's company, RYU Apparel. There was a news release on June 3, 2022. If you google Robert Lelovic, you will see the news release.

    I am quite curious as to how TTT (Galarza and Stephenson) spent $11-13 Million of investors' money?
  • b
    block
    Capitulation
  • G
    G
    As per point 12 in the June 2022 Progress report, there is a civil dispute for TTT in the small claims court of BC. This matter is less than $35,000 as per the following:

    "The BC Provincial Court's Small Claims Court generally deals with cases involving from $5,001 to $35,000. Claims for up to $5,000 must usually be taken to the online Civil Resolution Tribunal"

    We know this dispute is less than $35,000.
  • s
    scott
    somethings up. lots of volume
  • K
    Kathleen
    Could they possibly be in negotiations with Shoppers ?
    And deloitte is putting together the deal which could be why it's taking so long haha
  • s
    scott
    Hello Tommy and Robert. We are at a penny and still no real updates. How pathetic
  • B
    BigMacDaddy
    I am still buying….have not been to Vegas in 2 years….gotta keep the endorphins flowing!!
  • Y
    Yo
    so how many years are these "pilot" programs supposed to take?
  • A
    Austin
    Hmm think they made a mistake, last months update is out but they say it's the may update. I think they meant April. But like March it says new customers were added again. Point 7 or 8. Is there any insiders that can just leak if there being honest lol because if they added 1 in March and another in April at the very least we have 3 customers now?
  • t
    t8t8
    Wish management would market TruTrace as actively as Tommy is marketing and spending his time on "crypto".
  • C
    Charles
    Thought this was supposed to be a two year study, but now appears to be ongoing thru 2023. UHN, True Trace , Medical Cannabis by Shoppers.
  • b
    block
    In my opinion:

    M&A potential: Loblaws / other tech platform acquires TTT to integrate into overall enterprise software products. Probably 15-50 million (in current market environment) if there is product market fit.

    Worst case: no product market fit or a better mousetrap results in TTT going bankrupt or seriously diluting current shareholders

    It seems like packaging up the company for M&A would be the most beneficial choice for shareholders. TruTrace hasn’t exactly executed on growing customers organically beyond “pilots” or “trials”
  • b
    block
    If “pilots” work my guess is a supply chain focused company acquires TTT for a premium over the cost it took to develop the software since inception
  • J
    JNS
    Curious if anyone thinks this still has potential to turn itself around. I am remaining hopeful but the continual low price and minimal announcements has me concerned. Serious responses preferred.
  • t
    t8t8
    If you want to lose money give it to Tommy
  • b
    block
  • t
    t8t8
    Not great that Tommy is actively participating in an (unrelated) cryto pump and dump and doing it at a time after the market has crashed.

    Dual displays of poor judgement.