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Well it is Friday night a full week later than we were told the financials would be done. Still not a peep. There is so much I want to say...
Thanks Naval - They also had warrants on the books but they expired unused but they did show up in the accounting in the last financials. That was for the 650,000 cash infusion when Snaper first got his patent back. I would suspect that Brian Lauzon had some kind of stock deal also. Not sure if he would have forfeited by resigning or if they were vested already.
It has been so long since we have seen financials I am a little unclear on where things are. The float has always been ridiculously low. For a while we kept close tabs on it. Of the 31 mil (give or take) shares in the float people on this board held over 20 mil of them. I suspect that is still close but cannot be certain. A few of the big shareholders dropped out last year. I think the authorized shares were under 400 million. If I am recalling correctly there were only about 78 million issued and Snaper owned about 47 million. Since then based on the last financials we also know that Chas and Delisle were both issued 1.5 million (I think that is the total) for cash infusions they made. They also issued several million to purchase back Snapers milling patent and to pay the web designer. How many more they may have issued since then I don't know. If someone else on the board remembers more clearly or knows more than this please share (no pun intended).
Hope this helps a little. Of course IF the financials come out soon we will have all these answers.
And something they should be pursuing.
I realize the value here is in the magnatek process but if you need operating capital and you have a means to get it why would you not?
I would also like to know what happened with the milling patent. They swapped shares out to get Snappers patent back and were supposed to be selling milling machines. The way it was presented was they already had orders. ???
Could'nt resist. We need a little humor around here! I honestly have know idea how they are funding anything at this point. Before then Snapper was putting a little in just to keep things running. Based on the last financials we saw then both Chas and Delisle put in a chunk of money and were issued shares in return. I am sure that money ran out a long time ago. The financials should be very interesting.
Maybe they gave them a bag of coal. Told them to bring it back next year and they would turn it into diamonds for them.
Them being done and filed are a little different. Not sure they could file today and have it reflected anyway. If we don't see anything by the middle of next week then we deserve some notification and explanation.
Thanks Pony - for the update and also taking the time to call Chas - A lot of people on this board have been faithful to keep everyone updated. Great group of people here. I look forward to the day when we are all rewarded well for our patience and we can meet one another at Vegas to get a demo of diamonds being made! Maybe free samples!! LOL
Yes - someone has been selling off for several weeks now. Fortunately they are not dumping into the bid. Hearing we are close every two weeks for months and nothing else does not instill confidence. Frankly I am surprised more people have not abandoned the stock. I guess most of us understand the underlying potential and are willing to wait it out.
Good question - they have diluted some already for ongoing operations. Snaper has been adamant that they not take on debt. If both those things hold true I would suspect they will sell shares to cover ramp-up. Of course there are ways to do that without diluting common stock. They could issue a preferred class of shares. I do think the stock can handle some dilution without significant impact. As VC was pointing out we might actually need additional shares in the market just to keep price from artificially inflating. Going into production and earning revenues will be like rocket fuel to this stock. As long as they don't make some really stupid decisions on funding choices we should be fine. Next step is to move the stock off the pink sheets.
Except I am not sure we know what the true float is anymore. We know they issued shares to Chas and Delisle at least once. Have they done it again? We also know they issued shares for the website work (not great value there). Have they issued anymore? None of us know because they have not filed any financials or k reports for a couple years now. If anyone knows what the float is now I would love to see that figure.
I feel you VC - Naval I appreciate the update!
No - believe me I don't either. It would just be a shame to hold on for years, as many here have, and then sell just before things start coming together. But I get that silence and/or broken promises is frustrating.
I would just hate to see someone sell a few weeks before financials and/or news starts flowing.
There were 190,000 shares at .09 today. That would indicate someone is looking to offload their shares. It could be mm's but it looks more like retail.
Things have really gotten quiet here - I see someone is selling off. No news will do that. I encourage everyone to hang in a little longer. We have waited this long what is a another month or two.
So is it a completely different location than Snappers office and warehouses? I thought the plan was to retrofit space there.
Thanks Naval - yes it is frustrating and the current stock price reflects that. I think most of us here really believe in the potential of the technology. It is hard to trust that management really has the chops to get this done when they are quiet. I appreciate that you are feeding us a few tidbits. Filings would be great. Anything beyond that would be spectacular. Really looking forward to seeing progress in the trenches and I am grateful that Chas has stuck with it.
Maybe someone is OCD - they had ...98 shares. It was driving them crazy so they bought to shares to round it up.
Valid points - I am frustrated but not mad. Just expressing what many are feeling (I believe). A little bit of communication goes a long way and the investors have been uber patient. Failed promises with no communications is not a good business model. They need to get better. That said I appreciate that they are working at it and hope to hear good news soon :)
Financials should not take that long to prepare. They should also know that an audit would be required. We have been down this road before. Very disappointing. LT was a strange but he at least tried to keep the investors informed. A little bit of communications (not second hand) would be nice and would also help keep investors settled.
Somebody sure is working hard to keep this down. Almost daily small buys at the bid to drop it down. Gonna take news and volume to break that.
Yes - Merry Christmas to everyone and a happy New Year!
I am impressed with the underlying strength of the stock right now. Despite a fairly substantial number of shares dumped it has held most of its gains. Bodes well for when news comes out as long as it is fairly soon. Late this month would be awesome.
Be awesome if it comes to pass.
Yeah - I think someone took the opportunity to unload while the price was up. Unfortunately, as always it brought the price down. Good news is this is really thin and will move back up quickly. If they follow through with financials we should be in good shape.
Actually a little before LT. I can't remember the guy's name right now but they had an acting CEO who was also a real estate dealer (lived in Washington -state) but had some background in gemology. He is the one that drafted the business plan which actually is not too bad. The problem they had was he did not really do much. He was the help that got the gemology people to test the original specimen and have it declared diamond. He did nothing concerning administration though and that is why Snaper turned to LT. The real problem they had the entire time though is that they had nobody with experience bringing in investors to fund the needed R&D. That is why I went out to meet with Snaper and his friend David (David put the first funding deal in place that got Snaper back his patent and issued the warrants). I had some investors interested but when I went out there they had just met with Delisle's group. They wanted to give them an opportunity to get things moving. While it has been slow it really was the move that finally has gotten things moving forward. I do believe we are in decent hands now and it is just a matter of time now and apparently not much time before we start hearing good things.
VC - when the company was owned by others along with Snapper they were pushing a pump and dump philosophy. Snapper sued and ultimately got back full control of his patent. There were some initial investors in the new org (CTDT) and they had warrants. The warrants expired worthless a little over a year ago. I know they are expired just not 100% sure on the timing and it would take some research into the old financial reports to find it. FYI Snapper will tell you that most of the initial money they received from investors starting CTDT was ultimately spent on legal fees rather than R&D. That is what held them up for so long and put in them the position they were in until Delisle and Chas came into the picture.
Yep - but still going up! The MM's are controlling the pace a little bit which is actually good. Normally I am frustrated with MM's but they seem to be letting the market dictate this while keeping it steady. This really is setting up better than we could have asked for. If we do get news before Jan and they even discuss production timelines this is going to pop nicely. If they follow through then I reassert that this is the last time we will ever see prices like this.
Agree VC - I think .50 to 1.00 is a viable target on substantial news. It could spike higher but will probably settle. Then there is that special word called revenue- when that happens it jumps again. This really could be the last time we see prices at this level.
KK - not 100% sure what is driving the buying but there is limited selling so as always this stock responds quickly to any buying pressure. Naval gave a short update (post 32307) last week. Not much but did indicate they are getting close to putting news out and also production. People who saw that may be accumulating in anticipation. If they do indeed announce the start of production this will move up very rapidly and these prices will probably never be seen again. Not sure how high but the float is so thin it will be fast. Hopefully soon then all those here who have the patience of a Saint will be rewarded!
Nice day - Sure hope Chas and company come through with news soon. This is setting up nice. A lot of accumulation. Hit .15 with 100,000 in volume. Ask is now sitting at .15 and is light.
It looks like people are accumulating in anticipation of news. Not many sellers so the asks is being chipped away. That is why I think it is poised to make a nice move when news comes out. If they truly go into production this could move really well. I sincerely hope they are close. I know there are many here on this board who have shown great patience. It would be great to see everyone do well and see CTDT become more than just awesome potential.
Well someone is buying at .10 - 18,000 more today (I think 3 orders - maybe 2). I can't imagine it is market makers moving things around. Bid keeps creeping up as well.
That is odd. I have placed a few trades at .10 and got filled immediately. I know some others have as well because there was over 120,000 on the ask at .10 last week. It is down to about 60,000 now. I bought about 15,000 so several others are buying also. I have seen at least 2 10,000 orders at .10 go through. What broker do you use? I am with Scottrade.
Very steady buying at .10 - cut the available shares substantially. More share on the buy than the ask now. I don't have L2 so I don't know what is behind the 60,000 at.10 but this looks poised to run really nicely with news.