ORO VALLEY, Ariz., Oct. 27, 2016 -- Tautachrome, Inc. (OTC-PINK:TTCM) today announced the designation of 13,795,104 shares of Series D Convertible Preferred Stock, to be issued in exchange for the retirement of 1,379,510,380 shares of Tautachrome common stock owned by several of the company’s insiders.
Under the terms of the intended exchange, every 100 shares of common stock retired will be exchanged for one share of the new Series D preferred stock. The voting power of the participating insiders as a group, and the relative voting power between the insiders individually, will be unchanged. Each Series D preferred share will have 100 votes in any shareholder action.
Each Series D preferred share will automatically convert into 100 shares of common stock after five years, subject to the right of each holder to convert earlier upon the occurrence of certain specified events. One such event will take place if the average closing price of the Company’s stock on the OTC markets is at least $3.00 per share for five consecutive trading days, at which point the holder may convert each Series D preferred share into 100 shares of the Company’s common stock.
The other event that will allow holders of Series D preferred stock to convert prior to the expiration of the five year period is a listing on either the Nasdaq or the NYSE stock exchanges. Upon such a listing, each share of Series D preferred stock may be converted into 110 shares of common stock, which includes a 10% incentive bonus to the holders.
Dr. Jon N Leonard, CEO said “I believe that the retirement of over a billion and a quarter common shares from our issued and outstanding common stock will benefit the Company and its shareholders. Furthermore, the lengthy holding period demonstrates the substantial commitment of our management and principal shareholders to the success of the Company and its flagship KlickZie technology.”
About Tautachrome, Inc.
Tautachrome, Inc. (OTC-PINK:TTCM) is an emerging growth company in the developing digital imagery technology sector. Tautachrome is an Internet technology development company with operations in America and Australia. Tautachrome has revolutionary patents pending, including Talk-to-the-Picture social networking and trustable imagery-based interaction.
Safe Harbor Statement Statements made in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Risk factors that could cause actual results to differ materially from those projected in forward-looking statements include, but are not limited to, general business conditions, managing growth, and political and other business risks. All forward-looking statements are expressly qualified in their entirety by this paragraph and the risks and other factors detailed in Tautachrome's reports filed with the Securities and Exchange Commission. Tautachrome undertakes no duty to update these forward-looking statements.
Contact: Tautachrome, Inc. Tel: +1 520 318 5578 Web: www.tautachrome.com


ByteDance Plans Massive AI Investment in 2026 to Close Gap With U.S. Tech Giants
John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training
Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance
Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling
Warner Bros Discovery Weighs Amended Paramount Skydance Bid as Netflix Takeover Battle Intensifies
California Regulator Probes Waymo Robotaxi Stalls During San Francisco Power Outage
Saks Global Weighs Chapter 11 Bankruptcy Amid Debt Pressures and Luxury Retail Slowdown
Hanwha Signals Readiness to Build Nuclear-Powered Submarines at Philly Shipyard for U.S. Navy
Mexico Antitrust Review of Viva Aerobus–Volaris Deal Signals Growth for Airline Sector
Niigata Set to Approve Restart of Japan’s Largest Nuclear Power Plant in Major Energy Shift
FDA Approves Mitapivat for Anemia in Thalassemia Patients
Hyundai Recalls Over 51,000 Vehicles in the U.S. Due to Fire Risk From Trailer Wiring Issue
Sanofi to Acquire Dynavax in $2.2 Billion Deal to Strengthen Vaccine Portfolio
Eli Lilly and Novo Nordisk Battle for India’s Fast-Growing Obesity Drug Market
Novo Nordisk Stock Surges After FDA Approves Wegovy Pill for Weight Loss
Moore Threads Unveils New GPUs, Fuels Optimism Around China’s AI Chip Ambitions
Uber and Baidu Partner to Test Robotaxis in the UK, Marking a New Milestone for Autonomous Ride-Hailing 



