Over 400 views yet not one comment? The Chairman Philip Vafiadis has sold 3,657,172 shares in TTT through his indirect holding in a unit trust. The notice says "Following a restructuring of this unit trust, Mr Vafiadis' holdings have become simplified such that the appended Appendix 3Y now represents only his current relevant interest respective to Titomic securities held within this unit trust"
Whichever way TTT want to write it up, fact is Vafadia has reduced his ownership of TTT by 3,657,172 shares not long after coming out of escrow. This Appendix 3Y clearly shows the interest has reduced significantly. Yet another red flag in my opinion. How about these also?
May 8, 2018. Titomic signs 12 month agreement with Callaway Golf. 19 months passed! Hmm.
May 14, 2018. TTT signs MOU for 12 months with ship builder Fincantieri Australia. 12 month agreement to evaluate the use of Titomic Kinetic Fusion in Fincantieri's manufacturing activities. Silence after nearly 19 months!
July 31, 2018. CEO at the time states "...we are expecting growing revenue by end of 2018 with exponential growth in 2019." FAIL!
TTT Price at posting:
95.0¢ Sentiment: Sell Disclosure: Not Held
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