What is TITAN really?
A January 2008 IPO raising approx $60 million.
January 2011 2.4 Million Shares @ $28.75
A Spring 2011 Underwriting approx $60 million.
November 20011 500,000 @ $21.68
A Spring 2012 $150 million Indenture.
Management (& Family) Outside Entities make all the money:
- on leasing property to TITN.
- sales commissions
- underwriting fees
- mgmt sold stock annually
- having expenses, maintenance and fees on their outside entities properties paid by TITAN.
- Brother-in-law generating millions of dollars worth of construction fees (questionable if its even needed)