RE: RE:CalifDreaming and TwobtapnForget about the shares - they are worthless anyway. If they got them in exchange for Carolin, why the hell didn't they sell them to help fund TAM when they were worth more than a penny?
But that's the least of TAM's worries. Where do the get the cash to continue in business? They only had $330K in cash as of Sept 30, but Current Liabilities of over $500K. The rest of their working capital is actually loans and checks to CMM, their bankrupt sister company. And they have burn rate of well over $500K a quarter.
And although there were $500K in Current Liabilities, I notice TAM made sure to pay their effin rent! And guess who's the landlord? Yep, that piece of work named Peggy Kent...
Unless CMM can manage to pay back TAM (what is the likelihood of that happening - 5%, 1%??), TAM is effectively bankrupt as well.
Management has just F'd shareholders - if it doesn't rise to the level of fraud, I'll be surprised.