Tautachrome Inc (OTCMKTS:TTCM) Due For A Rebound

In our last piece about Tautachrome Inc (OTCMKTS:TTCM), we mentioned the company's goals for 2017. We highlighted the two most important aspects of the business being taken care of. These are cash and patents. Here are our words:

"The risk is rooted in the patents. If the USPTO fails to issue the core patents, none of the others really matter that much. Cash is also an issue. It’s practically nonexistent at September 30, 2016, and so this is going to necessitate some level of raise (and resultant dilution) near term" Source

In this new update, we have new interesting news regarding these two goals. Before you get to know them, have a look at the recent price action. It seems that the market has pushed down the share price a bit.SourceRecent DevelopmentsFirstly, let’s talk about the issuance of patents. On March 1, 2017, the company officially announced the issuance of the US Patent for its KlickZie technology. Have a look at the image that proves the receipt of the patent and includes detailed information about its applications, and inventors here.What is the new technology intended to? Are you not annoyed at the amount of manipulated and false pictures on the Internet? According to the company’s website, KlickZie pictures and videos are stored in the cloud, so that users can verify pictures and videos by only using a smartphone. The patent certifies the authenticity of any KlickZie picture or video by only registering any new file in the cloud. Additionally, the system provides a space of imagery-based socializing, and companies can obtain trustworthy images whenever needed.The technology may be very interesting at the moment to fight against the fake news. The CEO, Dr. Jon N Leonard, explained

“Fake news could take a beating when it collides with KlickZie trusted imagery. Every person with a smartphone with KlickZie inside can be a trusted recorder of the sound and images associated with any event.” Source

Additionally, on May 12, 2017, TTCM put out a press release stating what is, as of today, the most important goal; finding a Fortune 50 company that will help in the implementation of KlickZie technology. These were TTCM’s words:

“Our top priority has been our work to develop a program with a Fortune 50 company . In this regard, we have produced booklets for them, detailing how KlickZie technology will be applied throughout their company to grow their market share, increase their bottom-line, and benefit their public perception and brand recognition.” Source

Regarding the cash needed to finance the company’s operations, on March 20, 2017, the company noted “its ongoing discussions with a Fortune 50 company”. TTCM did not disclose the name of the potential partner, but some hints were given:

“This week we are meeting with an individual who is highly influential in Silicon Valley for the purpose of guidance and potential participation in Silicon-Valley-sourced funding from venture capital firms” Source

Finally, it also noted TTCM’s discussions with an investment banker that may help the company acquire another tech company with ultimately goal of up-listing Tautachrome to the NASDAQ in the short term. This news would be great if it materializes.Financial Condition, court judgment catalyst and ConclusionThe balance sheet of the company shows the typical R&D emerging company structure. As of March 31, 2017, the amount of liabilities is large as compared to the amount of cash on the balance sheet. The most important liability is a court judgment liability derived from a lawsuit filed against the company by a former consultant, Click Evidence, Inc. This liability was announced in January and can be found here. This was bad news and it may be one of the reasons to explain the recent downward trend of the share price. However, the fact that the company will be defending itself against these claims makes us believe that this liability is a provision that may be eliminated if the company wins the case. This may be catalyst, thus we encourage market participants to be alert.

“In January, a lawsuit was brought against the Company by a former consultant to Click Evidence, Inc., based on compensation-claims the consultant has made related to the merger on May 21, 2015 of Click with Tautachrome.The Company is vigorously defending itself against this action. A motion to dismiss the claims is now before the court.” Source

In conclusion, in this article, we assessed, what we believed, were the most important goals of TTCM; its cash and patents. The company seems to be making good progress as it has finally officially received the patent for its KlickZie technology and it is ready to look for financial partners. Additionally, it put out that its stock may be listed on NASDAQ, which would be great news if the company can meet the requirements.Regarding the cash, the company may make a capital increase soon in order to increase the amount of assets. Now that the patent is official, venture capitalists may be willing to provide financing. Finally, we found an interesting catalyst in the stock; the case against Click Evidence, Inc. To sum up, we may see the stock pop on any new developments, so try to stay alert. We will be updating our subscribers as soon as we know more. For the latest updates on TTCM, sign up below!