Titan Logix Corp. V.TLA

Is this an anchor?

[Possibleidiot01]

Just under 8% of market cap is tied to Bri-Chem ; possibly what was once a hidden value is now a hindrance?

This reduction in net earnings was largely due to the recording of a $339,500 unrealized loss on the investment in Bri-Chem Corp. common shares compared with an unrealized gain of $732,250 in fiscal 2022, for a combined year-over-year impact of $1,071,750 on net earnings. The Company invested $771,250 in fiscal 2022 on Bri-Chem Corp common shares and based on the market price as of August 31, 2023 the fair value of its investment in Bri-Chem Corp shares was $1,164,000.

Good investment in R and D.

[mlmack66]

With $14.5 million in cash and investments and no debt at $0.51 / share you are getting the company for free. Revenues grew 44% Y/Y and it appears they are enhancing their product line with the extra R and D expenditures which they are paying with current cash flows. Looks like an excellent long term play.

[mrmoribund]

Largely agree. Unfortunately, just as product development, tanker builds, are looking good, the investment in Bri-Chem is turning into an ugly embarrassment. On August 31 (end of TLA's fiscal year) BRY closed at 48 cents. It closed today at 33.5 cents. Most of the drop followed the recent release of Bri-Chem's utterly uninspiring Q3 results. As BRY's share price change flows through

[mrmoribund]

The board should be mindful of the possibility that oil drops below $70 then $65 and it really starts to look like Bri-Chem share price deterioration will be a drag on Titan results quarter after quarter. If they start to develop a conviction that that's where we're going then one option worth considering would be to spin the entire Bri-Chem holding off to Titan shareholders. Then

[Angles]

I would like to add my comments to your discussion and opinion about TLA's investment in BRY (Bri-Chem) and whether it should be sold or not. I follow Bri-Chem very closely and have for a long time. And I can tell you something is up with BIG THINGS coming, probably this year, but certainly in the future. I have an opposite idea. I would take some of TLA’s excess cash and make a further

[mrmoribund]

Sounds very encouraging. Thanks for your insights / reflections. Certainly the stock has had quite the move over the past few weeks.