Tree Top Industries Inc (OTCMKTS:TTII) Looking For Bagholders

Tree Top Industries Inc (OTCMKTS:TTII) has been an amazing story on the OTC markets. It's amazing in the sense that there is no story. The stock has exploded up the charts for no apparent reason. TTII now has a market cap of over $51 million.TTII describes itself as "a publicly traded, holding company, based in part on Teledyne’s business model. TTII has subsidiaries and affiliates that include intellectual properties, proprietary systems, and trade secrets in the bioscience, clean tech, and global health technologies. TTII current status and moving forward strategy is in the development stage, acquiring companies & technologies using several different business paradigms, including exchange of stock, joint venture, and other partnership configurations." In other words, TTII is a shell with a market cap of $51 million.TTII said that "Beginning February 1, and throughout the remainder of the month, the management of Tree Top Industries, Inc. (“TTII”) held several meetings with the Go Fun Group Holdings, Ltd, (“Go Fun”) an integrated O2O (online to offline) supply-chain facilitated company, which operates in the retail restaurant and online food service business sectors and is based in Hong Kong. Go Fun also is engaged in the ‘Green’ food sourcing and logistics business, working with sustainable, local companies to further the science of healthy food preparation. Go Fun’s retail entries include traditional Chinese, Italian, and Japanese Steakhouse restaurants. The purpose of the ongoing exchange between TTII and Go Fun is to explore possible synergies, and facilitate investment in or acquisition of several of Go Fun’s operating units and/or assets. On February 15, 2016, TTII entered into a non-binding letter of intent with Go Fun to continue discussions and work on a mutual agreeable transaction and business plan, including a potential private placement for raising capital. We expect that further details will be worked out over the next three to four months." When you Google "Go Fun Group Holdings" the SEC filing by TTII shows up on the first page. Not exactly a comforting factor that this is a serious deal.The last 10-Q was unaudited and for the period ending September 30, 2014. It showed $4661 in cash, $95k in total assets, and $2.9 million in total liabilities. We doubt that the company has made significant improvements since 2014.According to the company's website, "Tree Top has been setting the stage and developing the assets to stimulate innovation and development of various technologies in several emerging business sectors such as IT, green technologies, healthcare, as well as in the traditional energy sectors. Our corporate mission is to facilitate, through the use of next generation technology, the delivery of alternative and innovative methods and systems that will lead to healthier lifestyles and result in a more sustainable planet." OK! Whatever that all means.Earlier this month, TTII announced that it will forward split the common stock ten-for- one on or about April 30, 2016. The press release also said that:

"Frank Benintendo, Secretary of the Company and a member of the Board, announced that it is the intent of management to build a firm foundation and execute its business plan to enhance shareholder value. Mr. Benintendo expressed the Board's appreciation for the shareholders who have lived through this recent stock rally and not played into the short sellers' hands by selling their stock. He further expressed that the Board supports management in its execution of the Tree Top business plan."

Currently trading with a market cap of $51 million, shares of TTII have taken on a life of their own. We are not sure if the shorts have gotten caught and created this rally or if it's the result of a promotional campaign. Either way, we recommend anyone holding to sell and for buyers to beware. Don't be left holding the bag! We will be updating Insider Financial as soon as we know more. For continuing coverage on TTII, sign up for our free newsletter today and get our next hot stock pick!Disclosure: We have no position in TTII and have not been compensated for this article.