I don't know if anyone has seen this.
Titan Trading Analytics Inc. has entered into a licence agreement with EDDRAS Capital Management, an alternative asset management firm in Atlanta, Ga., which specializes in U.S. equities. EDDRAS Capital is integrating Titan's rules-based algorithms into its money management approach. EDDRAS Capital runs a series of managed accounts utilizing quantitative strategies and data analysis algorithms. Titan's streaming pattern data are integrated electronically via the FIX protocol.
I've been spending a little time taking a look at things and if I didn't know any better, I would say that:
EDDRAS Capital Management
E - Eric
D - Davidson
D - Dan
R - Robinson
A - Andrew
S - Saideman
So, I'm now asking myself, are these employees (cause they're all employees) getting paid by the company to do a job but have also set up their own money management company to use the software? Sounds non-arm's length to me!
Has anyone seen this thing work? Is the dentist still involved?
If the company doesn't make good on the 12% note, where does that leave all the shareholders that got in at $0.30?
Guys like this shouldn't be running companies in the public market.