Titan Logix Corp. V.TLA

Interesting Perspective….Going Private

[nozzpack]

Insider ownership and potential catalyst

Titan Logix also has heavy insider ownership. The Jerry Zucker Revocable Trust owns 25% of the common shares outstanding.

There is a good chance the trust will attempt to take the company private soon as a standstill agreement, which the two entities inked in 2016, has now expired.
In addition, company executives have been steadily accumulating shares of the company.

If Titan is taken private, the Zucker Trust will have to offer a substantial premium for the shares.

Even if privatization does not happen and the oil market maintains its recovery, the stock is undervalued and has substantial capital appreciation potential.

Meanwhile, Western Canadan Select oil prices appear to be in recovery, as do West Texas Intermediate oil prices. The differential between WCS and WTI has also narrowed lately, boding better times for Canadian oil. Improving oil prices are expected to result in increased production volume and oil shipments.

Demand for Titan Logix's products appears to be corelated to oil shipment volume.

My price target for the stock is around $1 a share, which I expect should be acheived in 12 to 18 months even in the absence of further moves by the majority shareholder---

 

[nozzpack]

$13 million in cash...about $0.49 per share...no debt and on track for $ 4+ million in sales over the next 4 quarters So, 3 times sales in the early stages of a new bull market for oil and gas seems reasonable. Is Zucker taking out a signifucant holder before he makes his offer ?

[mrmoribund]

You have quite the imagination. TD is also the buyer. Likely someone who just likes the story and reads Gerry Wimmer.

[nozzpack]

When a buyer and seller is within the same house , it's called an intrahouse block trade. Over an extended period...at least three weeks in this case..easily observable from trade station data..some conclusions can be reached . An account  transfer as in Cash to RRSP , by the same investor . Intra family transfer . Divorce transfer . An account transfer by a seller to a prearranged buyer

[nozzpack]

Zucker is underwater.. https://www.prnewswire.com/news-releases/the-article-6-marital-trust-created-under-the-jerry-zucker-revocable-trust-purchases-shares-of-titan-logix-corp-518056781.html

[mrmoribund]

You are priceless in your pompous assertions about what's going on when you're really just pulling things out of your hat. There's a buyer or buyers and a seller or sellers. They seem to have come to a kind of agreement in the area of 49 cents.

[nozzpack]

I am speculating which is what an equity investment is for retail investors . Zucker has a revocable Trust which means he can avoid estate taxes when part of the Trust is transferred to one of his family. He divorced in 2017 and May have remarried. He has children . I could be wrong but being block crosses for the most part seems to point in that direction . Whatever, I am buying too because when

[mrmoribund]

I believe Jerry Zucker passed away in 2005 (if I recall correctly). His son? I didn't know if JZ had children. Regardless, the kinds of transfers you're talking about would not show up as trades. Also, any moving around of shares by the so-called Zucker Trust (trades or transfers) would have to be reported on SEDI. Last time I looked, nothing.

[nozzpack]

My apologies. Zucker passed away in 2008 . The Marital Trust is held by their Holding company Interteck which as far as I know is still run by his wife Anita. They have a son by the same name who got divorced in 2018. As to who might be selling.....and with the same TD House selling ( about 2 m in the past month ) as buying ( 1.65 m shares over the same period....this is an arranged takeout, not