Composite Technology Corporation (fka CPTQE)

[goldrusher]

Anyone still hanging around here that might be able to answer my
question?

Years ago, a competitor company was formed by some disenchanted
CTC investors and they were to mfg. a similar product. I have
forgotten some of the names involved in that effort but one was
a banker. I was just curious if they ever made a go of their
efforts

[goldrusher]

Thanks for the link. Strange, but I still find myself wishing
them luck. Not the CEO, but the product. LOL

[Harry Wickey]

Goldrusher, this is now a private company still working out of Irvine Ca. I think many of the management are still there.
http://www.ctcglobal.com/

[goldrusher]

Been way out of touch on this one and must admit that at one time
I was a true believer in the cable product. I just trashed the
samples that Jim Carswell gave me. Is there even any operation
left in Irvine? What are Carswell and that lame CEO doing now?
Thank goodness for getting into the wind biz as it was the
flashing red light telling me to get out fast!! What happened
to the competitive outfit that was exchanging law suits with
CPTC?

I arranged/hosted a couple of cocktail parties the night before
two of the annual meetings and got to meet a lot of RB and I-Hub
posters. Misery loves company, so I wasn't the only one to lose
by believing in their cable product.

I would appreciate any update from any knowledgeable posters.

[swampboots]

OK nice work on SFP, I was with you from $1 but took small tidings, get my similar one from lucious bottom.

[goldrusher]

Just read an article about all the wind turbines in CA and Hawaii
that are idle in disrepair and being sold for parts as it is
not cost effective without incentives. No opinion here, but....

It was DeWind that was my last straw with a co./product that I
loved. They had already abandoned poles and then thought they
could compete with the big boys in a new venture. I suspect
that it is too late, but I would never consider CPTC without
a change of management. I still feel they had a good, viable
product but it was in the wrong hands. I still have the
cable samples/paperweight that Carswell gave me. LOL

Sure met a lot of great people while attending the annual
meetings in Irvine at the Atrium. Would that we all would have
gotten rich together. LOL

[bman]

That's the way I feel about it.

[Crapsguy]

ada - the transmission business is just now waking up from the sleep caused by the recession - imo CTC will come out of bk and shareholders will come out with some added dilution - but we will retain our shares as is

[Founder77]

Oh yeah I was around during that .75 run as well. Same ol' issues with CPTC. I do agree with you management needs to change and I think this can hit closer to a dollar. Wow might pick up a few of these and see where it goes..

[Zilla]

A couple weeks ago. I guess they owed 10.5 mil to PFE and PFE said pay NOW! They then filed BK to 'halt' everything. I was in this to the .75 run and sold for a profit. Just flipped the shares I'd bought around .042 for .07-.077 last week. Held 5K free and saw it touched .04 today so I added 30K. I might get more if we stay down here, just didn't know where the bottom was. (LOL)
I wonder what happened to the DeWind escrow account money. I figure it was around what's owed. If the commons survive, it'll be right back up into .20's IMO. If management is replaced it could go even higher. (LOL) GLTU

[Founder77]

Wow last time I was in this play it was around 0.29. Glad I got out but I thought they were getting their act together. So did this just go BK?

[QualityStocks]

CPTCQ Video Chart 4/25/11

http://www.videocharts.qualitystocks.net

Composite Technology Corp. is not a current client of QualityStocks

[Zilla]

Oh I probably agree with you. However it's commons came out of BK before and there has always seemed to be something fishy going on between management. Some guy who got fired, Mercury, patents etc. My less than 1200 investment is worth throwing away and if we hit your .02 mark I'll throw away some more cash at it. I play lots of Q stocks and this one has so much drama involved that it could go either way. If we hit sub penny land I'll add a million or two just for fun.

[adaschum]

Its called na na na, na na na goodbye!!! Not looking so good on this stock coming out of bankrupcy. This company aint going nowhere when wind isnt being built like we all thought it would. Transmission lines are not being used even with the price of oil so high. So this coompany aint making money, I think we need a government bail out for this company.

[Zilla]

WOW just checked this over the weekend...What happened to the money in escrow from DeWind sale? How much money does management pay themselves? Well I bought 25K @ .046 this morn and will add more if we keep going down. I profited a long time ago after the sale of DeWind and almost bought at .20 not more than a few weeks ago. Something seems wrong here and so I'm hoping to add more as we find out WTF happened.

[adaschum]

This stock will fall into the 2 cents range, then it will be time to buy this bad boy!!! Even thou I've been in this stock for over 2 years and bought much much higher than where it is today. Definely lost alot of money on this stock, so I wouldnt touch it right now!!!

[mikeo56]

You got that right

[skimmer]

more buys than sells--may have hit bottom and end in the green today around .05!!

[Jesbeahwonderin]

Ok Bman
You convinced me. I'll be doubling down tomorrow.

[bman]

I believe it may double from here, and then it depends on news and filings. JMO.

[Jesbeahwonderin]

Bman, was this the "turnaround" you were looking for?
I would also like to know what your prediction for 2012 is for. Do you think this trend will continue into 2012?

[look1]

Hey does any one want a suprise? Just click on the quotes for cptc Then click on the news tab. I have been in this a long time did not know that this was the second time chapter 11.

[Threes]

Thats always been the problem. I once held a decent position here. The technology seems like a winner but the blood suckers at the helm don't have the best interest of the shareholders or the company for that matter in there hearts.

[T Doom Pickens]

Go knock yourself out, I've been into and following this company for six years and it doesn't have a prayer. Benton has used up all his last chances with this shell and he will resurface in a couple years with a new scheme.

[mitshelton]

This company actually looks good. Sounds like they just got the shaft by their lender, but bankruptcy will ultimately protect them, and so far in my DD I believe they will emerge from it and bring this right back up to the .25 range. They seem to have a good company and a good product, that will continue to grow in sales world wide. I gotta get in. Why not take a gamble?

[T Doom Pickens]

It was me, and my infamous refrain to the pumpers was, "My advice is that you should continue to buy heavily until it gets to a dime, then average down from there."

The only difference today is that you should continue buying heavily until it gets to a penny, then average down from there.

It's headed to zero. The C-11 petition will not be granted and the company will be liquidated instead. The senior secured debt is $11+ million, then there's another $7 million in trade and other creditors, not to mention FKI who will file a $30-50 million claim as a place marker as the proceedings in Europe grind on, Mercury cable will continue to try to enforce their summary judgment on whoever is foolish enough to try to purchase the intellectual property and no customers would even think of buying anything until the company has survived at least a year under entirely new management.

Basically when the judge looks that all over, notes that this has been brought about by the exact same management team that took the company into bankruptcy six years ago in a maelstrom of litigation and broken business deals, he's going to decide that the only way to protect the creditors, the business community and the public investor from this menace in the future is to drive a stake through the heart of this public shell entity and deny it to those who have been exploiting it for their personal gain.

[Jesbeahwonderin]

A nickel seems to be the price of poker these days. If my memory is correct it seems like there was a poster talking about a nickel a long time ago. Everyone thought he was crazy.

[skimmer]

looks like it's holding at .05. Maybe end the day around .07

[Jesbeahwonderin]

Skimmer I jesbeahwunderin the same thing

[T Doom Pickens]

So, for you it's just a trade and there is no reason to hold or value the stock above eight cents. I agree. Even a fish hauled over the transom will flail about a bit before it is clubbed and dumped into the locker.

[skimmer]

It already has a 100% bounce from the .035 bottom it hit today with some accumulation. I bought at .05 and will sell when it opens up in the morning, probably between .07 and .08. Easy money!!!!!!!!!!

[INIT]

why would you expect a good bounce?

[davidsson10]

I expect a big bounce tomorrow.

[skimmer]

any idea where this will hold at?

[futrcash]

Well if I remember right-the last time CPTC filed for bankruptcy-

the company emerged just fine,and shareholders were made whole-

not saying that will be the result this time though-

Hard to say how management chooses to deal with this over the longer term-
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Composite Technology Files for Chapter 11 Protection to Address Court Order Obtained by Lender

Composite Tech Corp (OTCBB:CPTC)
Intraday Stock Chart
Today : Monday 11 April 2011
Composite Technology Corporation (CTC) (OTC Bulletin Board: CPTC), today announced that it has filed to reorganize under Chapter 11 of the U.S. Bankruptcy Code. Its wholly owned subsidiary, CTC Cable Corporation, the leading producer of high-capacity energy efficient composite core conductors for electric transmission and distribution lines, also has filed for Chapter 11 protection.

The filings, made voluntarily in the U.S. Bankruptcy Court for the Central District of California, are designed to enable CTC and its subsidiary, CTC Cable, to continue to develop, produce and market its ACCC® conductor to the utility industry.

CTC’s decision to seek bankruptcy protection to protect the viability of the company has been necessitated due to actions taken by its lender last week. On Tuesday, April 5, 2011, our lender served notice of default and accelerated its loan for $10,000,000. On Thursday April 7, 2011, the lender filed an application for an emergency protective legal order which was granted without a hearing on Friday afternoon, April 8, 2011. The court order provides for the companies to immediately send all remaining cash recently released from the escrow containing proceeds from the sale of the wind division in 2009. CTC’s attorneys believe that the court had not cited a basis to do so and that the companies dispute the lenders right to freeze the funds. The lender also has attempted to freeze funds in operating accounts using account control provisions from the loan agreement. Unfortunately, chapter 11 offers the only alternative to continue to operate the company without interruption.

During the bankruptcy proceeding, CTC plans to continue operating its business in a normal fashion and timely servicing its customers’ needs. We plan to move forward with product sales work and to convince our strategic relationships that this reorganization should allow us to continue to deploy our ACCC® conductor product to an industry in great need of solutions for electrical grid systems.

About CTC:

Composite Technology Corporation's patented ACCC® conductor technology enables superior performance of high voltage transmission and distribution electrical grids. ACCC conductors use CTC's proven carbon fiber core which is produced by its subsidiary, CTC Cable Corporation, at its Irvine, California headquarters and delivered to qualified conductor manufacturers who produce and distribute ACCC conductors to operators of electrical grids worldwide. CTC's conductor technology significantly reduces thermal line sag and can replace similar diameter and weight traditional conductors with its higher capacity and more energy efficient ACCC conductor. It is an ideal conductor for both upgrading existing power lines as well as building new lines since the technology allows for the reduction of the number of support structures and/or a reduction of their height. Since its commercial introduction in 2005, ACCC conductor has been selected for over 10,000 kilometers (6,214 miles) of projects in all environmental and operating conditions, including severe heat and ice environments, long span applications and high capacity corridors for the modern grid. ACCC® is a registered trademark of CTC Cable Corporation.

For further information, visit our website: www.compositetechcorp.com or contact Investor Relations, James Carswell, [phone].

[techisbest]

The day the music died?

http://finance.yahoo.com/news/Composite-Technology-Files-bw-2999644209.html?x=0&.v=1

[bman]

Are you saying CPTC has contracts to construct grids related to the solar farms?

[Codesters]

here are 19 solar farms going up in California alone, CPTC has some contracts to apply grids.
http://www.ceert.org/PDFs/SOLAR-WORKFORCE-NEEDS-PPT_091710.pdf

This is why the pps will remain low due to solar companies and land reseach are not happening, this one Ridgecrest was withdrawn because of Squirrels, lol stupid squirrels.
http://www.energy.ca.gov/sitingcases/solar_millennium_ridgecrest/documents/applicant/2011-01-25_Applicant_Withdrawal_of_Application_TN-59542.pdf

How do I know? I build these for a living. Investor/Ironworker local Union #433. F(_)CK Scott Walker/Republican.

[bman]

I believe many feel that 2011 will be a turnaround year for CPTC. At least, I do. Just a guess, but I would think we have a chance for a break even or profitable quarter this year and a pps of .70 to .90. More than that in years to come. Just my opinion.

[potti11]

good news guys.......why isnt this thing biting? a lot of pres releases with new orders, etc whats everyones idea for this and what expected prices are we aiming at for cptc to reach?

[bman]

Check trades at the end of the day. I believe it was 132200 shares that went at the ask(.27)within 15 seconds at around the 3:55 mark.

[bman]

From the Yahoo board:

Paraguay Award Ratified 26-Jan-11 12:34 am
From google translator...

ANDE violate provisions of Public Procurement

National Electricity Administration (ANDE) ratified the award of the provision of drivers of high temperatures and low sag (HTLS) to the American company CTC Cable Corporation Ltd., for U.S. $ 13,869,162.

In this way, the state decided to ignore the Resolution No. 127 of the National Directorate of Public Procurement (DNCP)-day 21 this month, ordering him to re-evaluation of tenders within the framework of the International Public Tender No. 520/210, awarded in the month of December by the state.

Recall that, in the same resolution, public contracts set aside the award because the Commission ANDE Evaluation of tenders, "for lack of time" did not seek clarification on the certificate of manufacture and delivery of the goods required to BMP SRP, representing the Brazilian company Procable Energy and Telecomunicacoes SA, which had submitted the second highest bid, valued at U.S. $ 10,595,365.

"He understands that if this address ANDE considered the documentation presented by the firm BMP, with your bid, not sufficiently demonstrated the required experience in the Statement of Conditions, this had to request clarifications," said part of the resolution watchdog, which bears the signature of its owner, lawyer Jorge Zarate Leiva.

He adds that, being a formal documentation, "as provided in Article 59 of Decree 21909, in this case, as a result of the bid clarification process to reject the offer if the bidder would not have required documentation leaning first requested or leaning not shown enough. "

The fact is that ANDE clings to his first assignment, with the cost of violating the provision of the Public Procurement Directorate.

Among their arguments is stated that CTC offers less technical loss of energy. However, also the product offered by Procable ensures lower energy loss and even lower product cost, thus, ANDE would save an amount of about U.S. $ 3 million.

Coronel Oviedo Network

The provision of 1,100,000 meters of cable of 220 kV (kilo volts) is of vital importance to the state and more for users who suffer every day of constant interruptions. Drivers to be provided will be used to replace the old electric cables between the substation and Coronel Oviedo Guarambaré substations and San Lorenzo
Rating :
(17 Ratings)

[T Doom Pickens]

Not a single word of company specific information in that article, just candlesticks and tea-leaf reading. What about that $13 million bid award being held up by protests and reviews down in Paraguay? How about the expiration last Friday of loan covenant default waivers from their $10 million senior secured debt holder and speculation as to what has been happening in secret since then? Another waiver? New fees? More stock or another warrant re-pricing? Tighter liens and operating cash restrictions? Not a peep. A computer could have written that article just from the ticker tape, in fact one probably did.

[bman]

FWIW: http://americanbulls.com/StockPage.asp?CompanyTicker=CPTC&MarketTicker=OTC&TYP=S

[kx250_595]

Shareholder letter & Annual Meeting notice (3/1/11)

http://www.sec.gov/Archives/edgar/data/317477/000114420411001587/v207764_def14a.htm

[MagShoe]

Same to you

[bman]

California News:
Composite Technology Wins First ACCC(R) Conductor Order in California
Press Release Source: Composite Technology Corporation On Thursday January 6, 2011, 8:05 am EST

IRVINE, CA--(Marketwire - 01/06/11) - Composite Technology Corporation (CTC) (OTC.BB:CPTC - News) is pleased to announce the first conductor order placed in California, for its subsidiary, CTC Cable Corporation. The order, issued by the City of Riverside Public Utilities (RPU), California, is comprised of ACCC® 1183 kcmil conductor and associated hardware to be used for reconductoring a 69kV, one mile portion of a 120 MVA transmission line for RPU. Installation is scheduled for early Spring 2011.

RPU considered upgrading its existing 654 kcmil ACSR conductor to achieve higher capacity and lower losses at the same clearances. They investigated the use of advanced conductors on their system and selected ACCC® conductor.

Stephen H. Badgett, RPU's Deputy General Manager, approved the use of ACCC® conductor based on its lowest total lifecycle cost. According to Stephen, "The ACCC® conductor provides RPU some unique opportunities to minimize impacts to overhead construction, including using longer spans and fewer structures as well as its lower power losses, which will help reduce our carbon footprint."

"Riverside Public Utilities' selection of ACCC® conductor for this project marks another milestone toward CTC Cable's goals of providing high capacity, low sag (HCLS) efficient conductors to upgrade and increase the reliability of transmission and distribution grids worldwide. Riverside has a history of combining innovation and practical decision making. We are pleased and proud to add RPU to our growing list of customers," stated Stewart Ramsay, President of CTC Cable Corporation.

CTC Cable is the major global supplier of composite core conductor with over 6,100 miles (9,900 kilometers) of ACCC® conductor selected for 156 commercial deployments on transmission and distribution lines.

About Riverside Public Utilities:
Established in 1895, RPU employs over 550 people. It is a municipal utility, owned by the customers they serve. They provide high quality, reliable services to over 106,000 customers. RPU is committed to increased use of renewable energy resources and sustainable living practices that help reduce environmental impacts within the City of Riverside and the state of California.

About CTC:
Composite Technology Corporation's patented ACCC® conductor technology enables superior performance of high voltage transmission and distribution electrical grids. ACCC® conductors use CTC's proven carbon fiber core which is produced by its subsidiary, CTC Cable Corporation, at its Irvine, California headquarters and delivered to qualified conductor manufacturers who produce and distribute ACCC® conductors to operators of electrical grids worldwide. CTC's conductor technology significantly reduces thermal line sag and can replace similar diameter and weight traditional conductors with its higher capacity and more energy efficient ACCC® conductor. It is an ideal conductor for both upgrading existing power lines as well as building new lines since the technology allows for the reduction of the number of support structures and/or a reduction of their height. Since its commercial introduction in 2005, ACCC® conductor has been selected for over 6,100 miles (over 9,900 kilometers) of projects in all environmental and operating conditions, including severe heat and ice environments, long span applications and high capacity corridors for the modern grid. ACCC® is a registered trademark of CTC Cable Corporation.

For further information, visit our website: www.compositetechcorp.com or contact Investor Relations: James Carswell, [phone].

[zigzagman]

Your chart is way better than mine...

It identifies each technical indicator...

Sometimes I forget mine doesn't, but I know each one by heart...

Let's hope it does a run like it had in early October...

Screw the upper Bollie Band...PUSH it up on high volume...

Thanks! Tadaaa...

[Tadaaa]

Here is some additional data, Tomorrow and Thursday look promising:

[zigzagman]

All of the technical indicators are pointing up nicely...

Except for the upper Bollinger Band (red line above the candlesticks), which is usually a place where heavy resistance can be found...It will take massive volume to get the upper BB to start moving up, and the candles will keep bumping their head up against it as it tries to push that upper BB up...The good news is the volume is really starting to pick up...Much higher than average over the past few months...