Monday, September 19, 2005 11:03:35 AM
1.) The amount is not exactly known, but it is believed to be 15 to 25 million shares.
2.) The company that is in Canada that had restricted stock and are involved in the Lawsuit with Titan, convinced a Brokerage Firm that the Shares were available to be traded.
3.) The Brokerage firm has told Titan that the reason they released the stock to be sold after confirming info on the internet showing it could be released.
4.) The Brokerage Firm has admitted it was deceived by the Company in Canada. They have contacted one Titan's sharesholders that has stock with there firm asking him to sell them his shares. It is believed to be around 10 million shares. He would not sell at these levels. Neither would any insider that has filed a 144.
5.) The Judges' order in California states no selling of the restricted shares that are in dispute.
6.) The Brokerage must settle this week, or they will be short and have to buy on the open market.
Just what I have found out. FWIW
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