Tautachrome Inc (OTCMKTS:TTCM) shares were up 27.27% on Monday to $0.0140. The company has a market cap of $27.18 million at 3.00 billion shares outstanding. Share prices have been trading in a 52-week range of $0.00 to $0.04.
Formerly known as Roadships Holdings Inc, Tautachrome Inc is a company that operates in the Internet applications space. It is engaged in pursuing three avenues of business activity. These are KlickZie technology-based business development and monetization, Smartphone application development and digital design, and acquisition of revenue-generating smartphone applications.
In particular, the KlickZie Activation Platform will enable consumers to download KlickZie’s free camera upgrade software into their mobile device, which thereafter activates the pictures and videos taken by their device using KlickZie technology. The Smartphone application development and digital design business activity will be conducted by Polybia Studios and its Appquisitions Division was created as a vehicle to acquire revenue-generating smartphone applications. PhotoSweep is an application that lets users select photos from their smartphone photo albums, and have them printed and sent to addresses of their choosing.
Tautachrome Inc recently announced the appointment of Eric McRae to the newly created position of Business Operations Manager. He will be managing the day to day business activities of the company and be responsible for the financial controls while participating in strategic planning.
“I am pleased to work with Dr. Leonard in moving Tautachrome and its fabulous KlickZie technology forward and into market. I view this opportunity as the chance of a lifetime for me personally and am thrilled to be part of an endeavor aimed at changing the way people on earth communicate with imagery,” remarked newly-appointed Business Operations Manager Eric McRae.
Tautachrome Inc CEO Dr. Jon N. Leonard noted that McRae is a committed Tautachrome investor as well as a tenacious businessman. He has discussed the company’s business operations requirements extensively over many weeks and believes that McRae will be a significant asset to the company in this new position and in related responsibilities.
“Our immediate objectives remain to secure necessary capital, increase shareholder value and improve investor awareness. We are now preparing tailored and customized trusted imaging material aimed at a specific large US company with deep and global reach and with a highest requirement for trusted imaging capability. In addition, we have activated investor awareness programs to keep our shareholders abreast of things that matter to the Company,” Leonard added.
Tautachrome Inc shares still seem to be stuck in consolidation for the time being but has found support at the area of interest at $0.010. Sustained buying momentum could take it up to the range resistance at $0.020 or onto the next visible resistance at $0.030 to $0.035. Volume has been relatively subdued compared to the past few months, although investor interest and some degree of upside pressure remains.
In fact if price breaks past the $0.020 area, an inverse head and shoulders pattern could be completed, thereby signaling further upside for Tautachrome Inc stock. On the other hand, a return in bearish pressure could bring it back down to the yearly lows or lower.