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Titan Logix Corp V.TLA

Alternate Symbol(s):  TPCFF

Titan Logix Corp. is a technology company. The Company specializes in mobile liquid measurement solutions. It has designed and manufactured mobile liquid measurement solutions to enable businesses to reduce risk and maximize efficiencies in bulk liquid transportation. The Company’s solutions are designed for hazardous and non-hazardous applications, and serve customers in a range of applications, including petroleum, environmental solutions, chemicals, and agriculture. It serves the petroleum, chemical, and water markets with the TD100 series products (transmitter, probe and display), offering fleet operators accurate level measurement, reliable overfill protection, and a variety of automation, integration, and control capabilities for their tanker truck operations. It delivers its mobile tanker solutions to the market through partnerships with original equipment manufacturers (OEMs), dealers, and private fleets across Canada, the United States, and Mexico.


TSXV:TLA - Post by User

Comment by mrmoribundon Jul 23, 2022 12:44pm
271 Views
Post# 34845445

RE:Note 5 in the financials - INVESTMENTS

RE:Note 5 in the financials - INVESTMENTSSo Titan does own the warrants. I had been unsure because I don't recall them ever being mentioned in earlier filings. I thought perhaps the company had given up entitlement to them at some point in the past by, say, taking some alternative form of debtholder bonus compensation.

Titan's industry feelers should make them a pretty good judge of the optimal time to exercise the warrants and sell the resulting Bri-chem shares--i.e., because they think the shares are likely peaking.

I don't think Bri-chem has ever paid a dividend. If they were to declare one then I guess that would also be a reason to exercise the warrants--i.e., so as to be able to receive the dividend.

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So now, even with the solid Q3 result (and the move up in the price), the shares are still trading below cash per share (including the value of the warrants). That's quite something given the picture looking forward.

I believe the prohibition on insider buying ends 2 days (?) after the earnings release. I think it would be good for all if insiders get a chance to participate at these sub-cash-per-share prices. The insiders (including the rank and file) are, after all, the ones that made the improving results happen.
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