Total Telcom Inc. Due Diligence Report

Symbols: TTZ(Canada) & TTLTF(USA)
Price: $0.12 CDN & $0.086 USD
Common Shares: 24,965,014 - Almost 25 million even
Insider Holdings: 6,586,614 or 26.4%
Options: 1,430,000 total. Breakdown below:
(a) 250,000 common shares at $0.10 per share - options expire February 18, 2021.
(b) 100,000 common shares at $0.10 per share – options expire May 31, 2021.
(c) 830,000 common shares at $0.10 per share – options expire November 30, 2021
(d) 250,000 common shares at $0.20 per share - options expire April 30, 2023

Over the last 17 quarters, Total Telcom has added over $1.5 million in net income or 5.64 cents per share and the balance sheet is clean, yet it trades at a 4 year low.

Year Revenue Profit/(-Loss) Assets Liabilities Earnings Per Share
2017 $1,741,556 $300,227 $1,730,249 $151,959 0.012
2018 $1,781,474 $476,028 $2,315,379 $193,561 0.019
2019 $1,438,390 $301,615 $2,622,889 $199,456 0.012
2020 $1,506,798 $321,438 $3,256,331 $511,460 0.013
2021(Q1) $487,217 $107,530 $3,315,408 $463,007 0.004


New research report by Grey Swan about Total Telcom (made prior to Q1 2021 results): https://grey-swan.com/2020/11/13/total-telcom-inc-update-at-fiscal-year-end-2020/

Q1 2020 Management Discussion Highlights

The Company, through its wholly owned subsidiary ROM Communications Inc. (ROM) is a leading developer and provider of remote asset monitoring and tracking products and services throughout North America. ROM specializes in the development of innovative wireless communications that provide low cost, high tech monitoring, tracking and remote control solutions for commercial, industrial and consumer applications. ROM is uniquely positioned and qualified to deliver complete web to wireless solutions that enable companies and organizations to remotely monitor, track and control their fixed and mobile assets with a web browser from any Internet enabled PC. Products and services are based on ROM’s web to wireless technology and proprietary 2nd generation hardware & software marketed as TextAnywhere, ROM Heater Controllers, ROMTraX, MotoTraX, TraX, DataTrax and Alarm Point. These modules are wireless modems that utilize microcomputers integrated with sensors, GPS engines and various inputs and outputs (I/Os) and interfaced by the user through the Internet. ROM is an authorized airtime reseller and hardware developer for satellite, cellular and wireless IP Networks.

Revenues for the first quarter of 2020 increased by approximately $67,000 compared to 2019. This increase was a…

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