Centaurus Diamond Technologies is in the business of growing diamonds — laboratory grown diamonds — that are chemically, optically and physically the same as their natural counterparts. This man-made or “cultured” diamond material can be sold for a fraction of the price of natural diamond in many many industries, from cutting tools, film and coating, to semiconductor and other electronics manufacturing.
Why is CTDT up so much in late 2015? A NOTEWORTHY PATENT:
A process for converting carbonaceous material into diamond utilizing the compressive force derived from an abruptly collapsing magnetic field. Inventor: Alvin A. Snaper http://www.google.com/patents/US20090014314 The Gemological Institute of America (GIA) has tested the Company's "cultured" diamonds and has confirmed they are diamonds according to their testing protocols. http://www.gia.edu/ To Learn More About The Synthetic Diamonds: http://en.wikipedia.org/wiki/Synthetic_diamond
Total issued and outstanding common shares on June 30, 2015 was 135,200,000. 450mm shares are authorized.
Recent Dilution is noted below, as stated in their 10-Q on 2015-10-20.
On June 8, 2015, the Company issued 30,000,000 shares of common stock at $0.018 per share to pay down $150,000 of the advances from shareholders. Since the value of the shares issued is $540,000, the Company recorded the difference between the $600,000 and the $150,000 as loss in extinguishment of debt for $390,000.
On June 8, 2015, the Company issued 30,000,000 shares at fair value of $0.018 per share for a total of $540,000 in exchange for services.
On June 8, 2015, the Company issued 1,000,000 shares at fair value of $0.018 per share for a total of $18,000 in exchange for website design services.
Note 8 - Commitment
The Company signed an agreement to issue 6,150,000 shares of common stock as consideration for the acquired Autogenous Impact Mill Technology. The shares have not been issued as of June 30, 2015.