Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I imagine Snaper would be involved in the discussions with board as well. I think LT is just going to be involved with the meeting from a standpoint of taking over some of Prentice's responsibilities. IMO
LT told me at end of last week that company has not been able to get in contact with Prentice for an extended period of time. Therefore, they are taking the appropriate actions to begin removing him from the company (removing from website, etc.). Per LT, when LT goes to Vegas, will meet with the board to discuss change in management structure (officially removing Prentice). When this occurs, the appropriate filings will take place within 4 days.
This is what I understood from the discussion. Feel free to call LT to verify.
Thanks for the report Naval Nomad. I agree, great upside potential with very little downside risk. GO CTDT
Thanks for the info Bradlee. I had a phone conversation with LT the other day and your post pretty much summarizes our discussion. GO CTDT
In my opinion we will have to see something new...funding, change in management...I guess time will tell.
It doesn't mention anything about CTDT on Prentice's facebook page either. Does anyone know if it previously did?
Interesting find pacrat. He was indeed previously on the management section of the website, and is no longer there.
I completely agree Dave!
I was just passing along what he told me. If you have follow up questions, why don't you call LT and ask him yourself rather than relying on everyone else to do it. Contribute something else to the board rather than just your opinion which changes multiple times a day.
He did not say whether it was the full 3 million. It could be just an immaterial amount to keep them on their feet while trying to obtain additional funding. Time will tell.
I agree, it is odd. I asked him to elaborate but he was not allowed to.
Spoke with LT yesterday afternoon. Here is a summary:
- Asked him about how day to day operations are being paid for (as almost out of cash in last 10Q) he stated that the company has obtained funds from outside parties.
- He told me there has been no dilution.
- He stated that the company has already passed the "fork in the road" that his blog mentioned. He wants to fly to Vegas this week to discuss with the board on publicly releasing what has taken place.
Just passing along what I was told (feel free to contact LT to confirm). I am sure many are going to comment about "broken promises in the past" and "blah blah blah" and "chee chee chee;" however, I am still optimistic about CTDT. I don't see the share price going any lower, so I am just sticking around for the news to drop, whenever that may be.
GO CTDT!
I am going to agree with you on that one Jay. Have a great weekend everyone!
I'm not so sure about this lawsuit thing. Here's why:
a) If there was pending litigation, would have to be disclosed in the 10K and 10Q
b) If lawsuit was related to what was said in the blog, why would AS still allow LT to be blogging at all.
A letter may have been received from a shareholder (in fact I remember someone discussing sending a letter on the board), but doesn't mean a lawsuit is for sure going on. All in my opinion of course.
Still awaiting some big news hopefully. GO CTDT!
I don't think the "private investigators" said anything would happen within 45 days. I think this was just HR's prediction based on information he received. Doesn't mean that the information HR received wasn't true, just means that HR's prediction was wrong. I am still hoping to hear something from CTDT in near future.
Spoke with LT, and meeting did not take place yesterday as Prentice could not make it in. LT said it should happen later this week. Looks like we are still in a holding pattern.
Not so sure about that. IMO, it sounded like something was going on and this guy wasn't sure if he could talk about it or not. Who know's though.
Wasn't able to get through to LT yesterday. Will try again later. Anyone else have any luck?
Tried calling LT but got voicemail. Tried calling Vegas office and phone was picked up by some random guy who worked there. Asked if I could speak to Snaper but he said he was unavailable. Asked him if there was a board meeting and he said he didn't know what was going on. The guy was pretty clueless (hopefully it wasn't Prentice, haha jk).
I will try LT again in a bit.
I had heard from LT via phone last week (Wednesday I think) that the meeting was taking place with the board today. I have not spoken to him since to confirm whether anything changed, and won't be able to call him until most likely after 5 pm CST as I am currently at work. If anyone gets in touch with him before then, please let us know.
Thanks, and GO CTDT!
Simply posting updates on what I hear and hoping for the best, like all the other true longs on this board. Go CTDT!
Hope to contact LT on Monday and see: (a) if meeting went down as scheduled, and (b) if he can divulge what exactly was on the agenda.
In my opinion, even when meeting takes place Monday, we may not see a press release until the following week. I am just thinking that if they agree to pursue certain financing with a lender/investor, we don't know how far along they are in process. Hopefully we can still get some insight into what was discussed/concluded at the meeting. All just my opinions, Let me know what yall think.
GO CTDT!
I agree bizops. Well put
If I remember correctly, LT will not be attending, however, Prentice will be.
I do recall him reporting about a meeting where the capsuls were opened to reveal the diamonds (pictures were included).
...and why would they renew business license if they didn't have intentions of continuing. Just another thought.
I know we have heard it before, just passing along what I was told. However, with CTDT's current cash situation, we know something has to take place in the very near future. In my opinion, we will hear something official soon (sometime in September IMO).
Spoke with LT yesterday evening. He noted that the meeting with the Board is scheduled for Monday to discuss the next steps (I am guessing funding plans, etc.), and LT said PR will soon follow. Hoping next week is the week us longs have been waiting for.
GO CTDT!
Thanks Bradlee and Hotrod for your posts. Much appreciative as always!
GO CTDT
I am with you bizops. If CTDT were headed down the "fork in the road" that leads to bankruptcy etc, why would they:
- discuss that it is a possibility in the blog when remaining silent for so long
- renew business license
- pay the money for audited financial statements,etc.
Just doesn't add up to me. I am still holding and am cautiously optimistic.
GO CTDT
I myself, am currently at a descent share position (with a average pps not much higher than current pps)where I do not want to add anymore. Though I hope that what hotrod and others have said is true, there is still risk.
I guess you could call it cautious optimism.
GO CTDT!!
However, that was prior to the reverse Merger in June 2012, so I don't know how accurate that figure still is.
That information was from the 10-K for the fiscal year ending 3/31/2012.
Note 4 on page 40 of the document states: On March 31, 2012, officers-directors and their families have acquired 74% of the common capital stock issued, have made advances of $24,506, and have made contributions to capital in the form of noncash expenses in the amount of $45,500.
73,000,000 X 26% = 18,980,000 shares FLOAT
The form 485b has been removed from the news section for CTDT on ihub. Not sure what this means?
Could mean that CTDT is in business SEIC, and this was posted on here prematurely. Or could mean that it was just posted by mistake and the two companies are not involved at all. Who knows. JayEl's email is a good sign though imo.
GO CTDT
My bad, I misinterpreted.
JayEl - Just out of curiosity, where does Balboa Capital come into the mix? I never got a chance to give them a call.
Much appreciated.
GO CTDT!
Thanks once again for the update Bradlee, you're the man!
Can't say that I have that feeling. I have been under the impression that Snaper is very well off.
Hotrod doesn't have to prove anything to anyone. He has been a great source of info and contributor to the board.
GO CTDT!
Hotrod - could you please add me to your email as well. My address is:
doughertyjm02@aim.com