____________________________________________________________________________ Before you consider buying anything from Tytan you should consider some facts about the company. Tytan International Inc. is owned by Tytan Holdings. Tytan International Inc has defaulted on their line of credit with Cowlitz Bank. This loan was secured by company assets and guaranteed by the company CEO Mark Leonard. A judgement has been issued by Cowlitz Superior Court (Case #09-2-02188-1) against Mark Leonard in the amount totalling $802,141.51.
Tytan Holdings is a public company. As of 12/12/2011 the stock was traded to a low of .0002. (approaching zero) The stock symbol for Tytan Holdings is TYTN. You can use this information to Google the stock chart for this company.
Financial information about Tytan Holdings can be found through this link.
Sales for Tytan International and Tytan Holdings are reported in a combined report. The following data was reported.
Quarter 1 2011 Total Sales $97,586 Net Income $3,066
Quarter 2 2011 Total Sales $159,539 Net Income $4,513
Quarter 3 2011 Total Sales $104,157 Net Income ($138,518)
In the past Tytan CEO Mark Leonard created another company called Rhino. It also imported chinese tractors. This company was sold to a larger company with a profit for Mark Leonard. Within approximated two years of acquiring Rhino the company was dissolved and assets liquidated.