The company did two things wrong. first tried to get it going just before the market crash in 2008 second as I remember they gave the device to a company around Albany NY for a year so they could market it. What they did was they copied it and made their own device.
Just like the company that made their battery powered motor for its transmission axel parts for the USA mars land rover that WENT TO MARS . They had an agreement with JAPAN'S Toyota and gave them all info. Toyota even went to them two or three times to get things straighten out. Then Toyota MADE THEIR OWN that is in their hybrid cars that runs with battery and/or gas. With all Toyotas money guess who won the law suite and who went bankrupt.

The law suit against Maurizio Giabbai and Bruce Jones was never served and the actual law suit where their names were included as defendants was settled out of court by Luke Staengle and PESCO-BEAM, who was actually the responsible party. You can verify it with Jasco owners and/or PESCO-BEAM. This is an insult to hard working entrepreneurs who are working very hard and trying in good faith to develop new businesses and generate new job opportunities.

patd100
My family got the same letter. I gave them a BK letter they still transferred it to pensco. I called pensco saying what to do so I would not pay their fees. They gave me 2 ways I am taking the last example and do nothing and they would take it over. Morgan Stanly showed me paper work saying they are a pravet co now and not listed. That is why it is a non traditional investment not because it had no value. I had other no value stock their and they were not transferred. I have some CTGI bonds that are back by its technologies that are supposed to pay 10%0intrest. I have not the time to look into these yet.

Yes supposedly .34 per share. Back last Novemeber Morgan Stanley sent my wife a letter that they were sending her "Non-Traditional" investment in Biofuse to a holding company, Pensco that would charge $260 per year.

We told them NO do not do it, it is worthless and untradable. Since it is in my wife's SEP IRA they needed proof it was worthless. I told them to look up the symbol and if tradeable sell it! That was not good enough for them, bla bla bla. It has taken them this long to finally send us the info you see in those 2 recent posts from me.

I never got a reply from my emails but maybe others can call that Rosemary gal at Biofuse and get more info. I told Morgan Stanley to give me transfer agent info (again) if it is tradeable and dump it with no reply yet.

I am confused...Are you saying our shares of CSMG are worth something? Is there a conversion to Biofuse shares?

That prior email was sent to our Morgan Stanley rep. Here is the email she sent us. I demanded the name of the transfer agent and for her to sell ASAP otherwise it is "Worthless", awaiting her reply.

Email from MC Financial Advisor to my wife and me: "Subject: FW: BioFuse Stock Value

Hi Pat and Aina –

I wanted to share some follow up information we received from BioFuse Medical in regards to the value of your shares. Please see the email below.

In reference to this information, the stock does have value, which means if you want to keep holding the stock within your IRA it would have to be transferred to PENSCO.

However, we are able to process a distribution from your IRA and re-register the shares in your name but there are tax consequences and fees associated with that as well.

Please give me a call when you have a moment so I may further discuss all of these details with you and we can decide on a course of action.

Thank you,

From: Rosemary Augustine
Sent: Wednesday, March 29, 2017 6:37 AM
To: Nontraditional_Investments
Subject: BioFuse Stock Value

Hope,
Thank you for your call yesterday regarding info on BioFuse Medical Technologies stock value. Currently the value of the stock is $0.34 / share. As we begin the next round of funding, that may increase. Currently there is no buy back program nor secondary market, and I don't expect one in the future. I suggest your shareholder hold onto the stock since we are making progress and the value will increase at some point in the future. You can follow us at www.BioFuseMedical.com

PTCO...WOW what a day!

Who is pumping GRSU...

Following PSCR today...Did anybody else notice anything unusual...

The carbon thing went tits up.
If I remember correctly there was some sort of competition, analysis, and it was the most efficient but not the most cost effective. They played too many hands and lost.

So, everyone took a big kick in the nads on that and not too long after the CEO keels over. License deal with the Paton institute gets yanked and the entire thing went down Ukraine drain.

Last I read until a couple months ago was it was re-licensed to some company or institute in China. Then I get a call from ScottTrade telling me I owed them money for some stock conversion fee. I haven't even been able to take my 25k in losses off my taxes. Seems I moved and didn't inform them I moved after my account went to freekin zero. They tell me I own shares in Biofuse I can't do shiite with.

I will feel vindicated in a small way if BioFuse makes it work

That's a good question. I had forgotten about the carbon capture technology.

Wales Man

I just came a cross a few mo. a go where I invested in some of the csmg tech I think they were bonds that paid interest any thing happen to that? Also what happen to the coal carbon cleaning part?

any one know biofuse symbol no.?

I got 90 shares in my account. Looks like a For Rent sign on this picture?? Don't see company name on other front sign in google street view. www.biofusemedical.com

Will do

Just called Scottrade and my account was simply suspended for undelivered address and some sort of charges they couldn't collect.

They say there's 59 shares of BioFuse in it.
I had no idea. Please let me know if you get an answer from them.

Yes I have stock in BioFuse as well. I sent an email today to see what the status is...

http://biofusemedical.com/

You received shares in BioFuse?
How?

My ownership of CTGI stock simply disappeared off my ScotTrade account.
I lost 20k myself

WTF

Thanks for posting on this dusty page. Lol. Interesting read. I lost a lot here too. However, I have shares with a company called Biofuse that were put into my trading account for the shares of CTGI. Do you know what is going on with the technology currently? And, did you receive any of these private shares?

I want to reply to "Caveat Emptor's" post re CSMG, and my involvement with that company. Yes, I was the acting CFO at the time the Company failed, essentially in 2009, when the founder and CEO died. As anyone knows, it takes literally tens of millions of $ to get any medical device past the FDA and into the marketplace. We had a firm commitment to execute an IPO in 2008, which would have provided the funds to move the Company to the next level. As you recall, there were virtually NO IPO's completed in 2008, during the crash. I don't live in Texas (Corp. HQ), and was basically standing in as CFO, in an effort to protect the interest of the shareholders (including me). I took no salary for the last several years I was in that position, and to whomever posted that post, I lost a lot more money than he did in the downfall of CSMG. The technology was, and remains world-class technology, and will surely be exploited by another company in time.
As to the other charge of a multi-million $ lawsuit by another company for fraud. If you read the article completely in the Rochester Bus. Journal, it states at the bottom that the lawsuit was dismissed, 3 weeks after that article was published. The fraud charges were totally bogus, and the details too long to enumerate here, but just say we were never served papers in the case, and paid no funds to the plaintiff. The case was dismissed when the manufacturer paid the investor back basically all of his money invested (about $500K). Our little company put $200K into the venture, and never recovered one dime in the settlement. So don't take as gospel everything you read in a local paper.

http://assignment.uspto.gov/#/search?q=6733498&sort=patAssignorEarliestExDate%20desc&synonyms=false

Paton did not assign this one. CSMG did two years ago.
How does that work?
Maybe it's the "management services" flip of names

No, you must take the loss when it is incurred. The loss, once taken, is deducted in 20 years or less depending on your other investments

No, you must take the loss when it is incurred. The loss, once taken, is deducted in 20 years or less depending on your other investments

The company is bio fuse and they're headquartered in Florida. Google them. I haven't taken the losses yet either. A shit house accountant told me that you have 20 years to take the losses. If you find out anything different, please let me know.

My scottrade account just went to zero and since that was all I had in the account I forgot about it and they closed it. Never even took the capital loss. There's an office in my town. I should pay them a visit

No, I still own my shares. One of my biggest loses as well. If you have any new info would be great to share

No, I still own my shares. One of my biggest loses as well. If you have any new info would be great to share

ever get an answer on this?
I used to own a boatload of this.
Biggest loss ever.
I thought the Paton Institute licensed some company in CHina

Just did today, looks like a 1 for 211 RS

WTF? Just noticed that ScotTrade...


charged me a $20 restructuring fee in December associated with CSMG. Seems the R/M'd into a company called Biofuse with a 1 for 200-some-odd R/S through bankruptcy court. Anyone else get hit with something like that?

http://chapter11cases.com/2014/05/04/new-bankruptcy-opinion-in-re-csmg-technologies-inc-bankr-court-nd-texas-2014/


I had written this sucker off with the IRS as worthless following the revocation of the stock. Now what am I supposed to do?




.

Thanks for sharing it. now its more clear.

Thanks all once again for a great lesson :). Still learning every day :)

Great info
Thanks

Thanks! That was informative.

Nice post. Thanks. Good refresher.

We'll assume you mean good luck with writing off as much as allowable after the debacle collapse.

I tried to warn all about this. Good Bye & Good Luck.

CTGI Revoked: Note: 15 days from SEC Suspension for DEFAULT to file Financials:

http://www.sec.gov/litigation/admin/2012/34-67551.pdf

Definitely not nice, for sure, 22Hornet.

'Texas' connections rising in prevalence per suspensions/admin/litigation etc?

Seems to me that more and more of these types of things come out of Humble, Houston, Spring, The Woodlands, Austin Texas and others these days....

CTGI SEC Suspension:

http://www.sec.gov/litigation/suspensions/2012/34-67417.pdf

ORDER:

http://www.sec.gov/litigation/suspensions/2012/34-67417-o.pdf

ADMIN Proceeding:

http://www.sec.gov/litigation/admin/2012/34-67418.pdf

If one really likes to lose money, then go ahead. This turkey is a corpse. The shell is toxic to boot.

So what you're saying is that it's a great time to buy????

CSMG Technologies, Inc. (CTGI) is an insolvent corporation deemed by Texas (its state of incorporation) as "not in good standing." CSMG cannot therefore legally transact ordinary business as a corporation.

On 01 March 2010, CSMG subsidiary Live Tissue Connect, Inc. (LTC) was voided by the state of Delaware (its state of incorporation) to which it owes about $500,000 in accruing and back taxes.

CSMG has not issued any news or public statements since August 2010.

As of the last financial report issued November 14, 2008, the company had total losses of $20,000,000 not counting further millions in losses and tax liens after 2008.

The founder and CEO of CSMG died in December 2009. The CFO (the firm's only acting principal formerly) is reportedly a defendant in a multi-million dollar lawsuit brought by a company alleging massive fraud.

In its 14 year history, neither the company nor its subsidiary has recorded any identifiable sales. Based on these circumstances, it is clear that insolvent and indebted CSMG Technologies, Inc. and subsidiary are out of business, if not entirely defunct.

Pointless paint job. Pizza money buys at ask 0.0028 with bid at 0.0006. Congratulations on an instant 80% paper loss on ctgi. Why bother? Painting the tape of dead defunct and revoked csmg is like putting lipstick on an exhumed corpse. Not a pretty sight. Either that, or we are talking about really dumb money. lol

13000 of volume.....

Good selling opp. T/A says company is dead. Even as a shell, CTGI is toxic because of millions of dollars of debt, liabilities, and legal exposure It's a good laugh watching nickel & dime banditos painting rouge on this corpse by throwing away their burgers-and-fries allowance into CTGI vainly trying to attract suckers and chart freaks. Hahahahah!

LOL Someone is nickel and diming to give illusion of interest in this defunct and busted company. You might as well throw $$$ down the sewer. LTC voided. CSMG charter forfeit. The last financial statement CTGI issued from September 2008 listed losses of $20 million. Imagine how many more losses and liabilities were piled on after 09/2008! Even T/A says it's a dead company.

Etrade sold my shares as worthless

It's now illegal for CSMG to transact business as a corporation. Sec. of State of Texas declares CSMG (CTGI) "Not in Good Standing." which means that the CSMG corporate charter has been revoked. How many other ways can this company be dead?** Grey sheets graveyard beckons.






** LTC, Inc. voided by Delaware (LTC owes $382,523.75 in Delaware franchise taxes). CSMG's partially owned sub Live Tissue Connect, Inc. (a Delaware corp) therefore is inoperative and defunct, and has been since March 2010. As a "foreign" corp, LTC's charter was forfeited in California, as well, years ago. Parent CSMG Techologies, Inc. (a Texas corp) has not renewed its corporate charter in Texas nor paid its franchise taxes. CSMG too is inexorably headed to forfeiture and dissolution.

Manwhile, competitor ConMed recently patented a new tissue fusion technology that apparently trumps LTC. Conmed's previously announced Altrus tissue welding features advanced cut-and-seal technology. Indeed, Paton's patent is listed as "prior art" on the new Conmed patent issued July 5, 2011.

Then we have inventor Paton and his team making deals in China in April 2011 on behalf of the E.O. Paton Institute (not CSMG-LTC) to use Paton's technology in Chinese hospitals. China bows to Paton's ownership of the technology. China is outside the CIS (former Soviet Union bloc). That fact indicates that Paton, as inventor, has asserted his undisputed control of the technology.

Now we find that Paton's Ukrainian team has not only invented a new tissue fusion technology but also a way to weld bone tissue. None of this is associated with CMSG and LTC, two now inoperative and defunct entities.

Not to mention that the discredited CSMG CFO is being sued for millions in a fraud case brought before a civil court.

"Denial is a not a river in Egypt." -Anon