Well, I was going to post this today, but VIC published the idea over the holiday and the gap narrowed considerably. TTSH is going dark, and is planning to cash out shareholders with fewer than some minimum number of shares (2,000 to 4,000, depending on the analysis) for $6.60 per share.
It’s still subject to a vote, but insiders own something like 37% of the stock, so low chance of it not going through.
Ok, this closed at $6.36 today, and holders of less than 3,000 shares will get cashed out at $6.60. So this would get you nearly $720 in profit at current pricing. Should be a relatively short-term hold.
I had IB configured to alert me if it traded below $6.37. That happened around 1:23 today, so I put it an order to by 3k shares each in my brokerage and IRA at a limit of $6.35. I got 2,493 shares. Will try for some more tomorrow!
I knew this, but…it was a crazy day of meetings, the alert came just as I was about to drop off my iPhone at the Apple store for repair, and I definitely wasn’t think clearly. And still wasn’t when I replied to your post last night!
Thankfully the full order didn’t go through. Will see if I can round out the position to 2,999 per account before the split happens!
Got 2999 in IRA for 6.46. Assuming you get paid in 45 days, it is still 18.8% annualized return. I looked at their website and could not find any timeline. Anyone has any idea?
Following the approval of the Company’s stockholders at the special meeting of stockholders of the Company held on December 3, 2025, the Company’s Board of Directors approved a 1-for-3,000 reverse stock split of the Company’s common stock (the “Reverse Stock Split”) followed immediately by a 3,000-for-1 forward stock split of the Company’s common stock (the “Forward Stock Split,” and together with the Reverse Stock Split, the “Stock Splits”). The Company intends to file certificates of amendment to the certificate of incorporation of the Company, as amended, with the Secretary of State of the State of Delaware on December 15, 2025, to effect the Reverse Stock Split at 5:01 p.m., followed immediately by the Forward Stock Split at 5:02 p.m., respectively, on that day. Beginning at the opening of trading on Tuesday, December 16, 2025, the Company’s common stock will continue to trade on The Nasdaq Capital Market on a post Stock Split basis under the existing symbol “TTSH,” and CUSIP 88677Q208.
Stockholders who hold fewer than 3,000 shares immediately prior to the Reverse Stock Split will be paid $6.60 in cash, without interest, for each whole share of the Company’s common stock held by them at the effective time of the Reverse Stock Split, and thereafter they will no longer be stockholders of the Company.
I haven’t seen any alerts/ notification on e*trade or IBKR. I looked at the site and sent an email to IR to understand when we will get paid, no information so far. Anyone has better luck?
