Small Cap Network Blog

OK Titan Global (TTGL) fans - or maybe I should say former Titan Global fans - the impending move from its bulletin board status to the pink sheets finally became a reality for Titan Global today…or yesterday actually. It was the least touted exchange switch I can recall, though I don’t think a single soul was surprised.

Equally unsung was the ticker switch…it’s now back to ‘TTGL’ rather than ‘TTGLE’. The ‘E’ was added while it was a bulletin board stock to let the public know their quarterly SEC paperwork was late. I guess in some sense there’s the benefit of reverting to a pink sheet status….the dreaded ‘E’ is removed. It’s about the only upside though.

Not that they’re required to do either, but a little notification would have been nice. I spent the better part of yesterday thinking they’re was something wrong with my data feed. The feed was fine - the ticker and exchange changed with no announcement whatsoever.

Somehow I keep replaying in my head a scene from one of the ‘Austin Powers’ movies. Dr. Evil, frustrated that his staff doesn’t keep him informed of pertinent information, goes into a soliloquy about the matter….”Throw me a frickin’ bone here! I’m the boss! Need the info!”

I guess technically I’m not the boss, nor did I ‘need the info’. It would have been nice though. Add it to the long list of things the company didn’t communicate to the investment community.

Anyway, as a pink sheet stock they’re no longer required to file anything with the SEC. So, there’s the test. If they choose not to file quarterly reports, the company is dead to me. Even if they choose to file reports (and strive to rewin a bulletin board listing), there’s still a lot of bridges to rebuild. I don’t want to say it can’t be done, but they used up all their trust from my end.

We’ll see, but I’m not wasting any space on my near-term watchlist. Maybe I’ll set up my calendar to remind me to check back in a year.

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