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Well this seems to be quite the pump and dump scam - Apparently Dr. Savarese has his doctorate in psychology and knows how to manipulate the emotions of the masses and get them to buy a stock with no product (only promises) while a few in the know people dump millions of shares into the market for a quick profit. Bravo!
Thanks for the update Naval - production would be awesome!
Still here - just busy with work and not a lot of action to discuss. We are pretty much at the mercy of Chas. Either he gets this ship straight and carries through with things or he does not. I believe he is highly invested in CTDT's success and will do all he can to get it off the ground. For now all we can do is watch and wait.
I am in no way an expert trader but I do enough to be familiar with it. The stock movement for CGUD over the last week is completely baffling to me. I have no idea why the big swings and what is precipitating it. I get the signs to buy but don't understand the continued sell offs. It seems each time it looks like it is going to break out (even with high bid support) then a bunch of shares are dumped on the market. Could this be the company funding or the shares that were given as consideration for work done? If so the good news is that those shares will run out.
So who sold 77 million shares today and why?
Perhaps Dr. Savarese pulled a pump and dump on everyone? Or someone else did? Or people who have held this for the long term took the opportunity to get out while the pps was somewhat favourable. Or maybe the shorts or MM are doing this. Or it is just blind panic by some. Lots of reasons - Who knows which is the real deal. If they are looking to roll out the printers sometime soon this seems to be a bargain. I would think that would be the most important piece of information. They say they will be available soon. What does soon mean? Why are they not ready? What do they need to do to get them ready? If they answer this questions adequately then loading at this price could be a windfall for those who do so. If they don't answer the questions and this just sits idly for another year with little info and no progress then selling is prudent. Pick your poison!
My guess - intially people were taking some profits (afraid it would go down and wanted to make sure they locked in something - funny how that works). Then others started to take/protect profits because they saw it going down. The further and faster it fell the more people reacted by selling to protect their investment. Stock market is driven by emotion - unfortunately it is something none of us have control over.
Thanks for the responses and insight guys.
Is there anyone here that can shed some more light on this company. It seems the price increase is simply based on the hire of a CEO and setup of a twitter account and licensing rights to develop apps for Apple products. From the records here the company has 6 employees and is losing 231,000 per employee. I can only find one product they list and cannot even find how or where to purchase it. What are their products and what are they developing. What are their distribution channels, etc. Not trying to discourage buying - I own quite a bit but more information certainly helps me form an opinion of future growth prospects. Is this company going to put out high impact products and reach profitability? If so how large can it grow? Will it become a buy-out target? etc. Any help would be appreciated - Thanks
Agreed - I bought 15,000 shares of this at .0027 in December 2015. Just speculation based on a report I read. I had written it off as dead. Was fortunate to pick up 85,000 at .0012 when it started climbing. Not sure where it will end up but it is nice to have a profit now with some positive upside. It is very hard to find news on this company. Hopefully an active CEO will put it on the map.
Does anybody know why this is moving? I have owned for over a year and it has done nothing. I cannot find any news anywhere. What is driving the action?
It is very frustrating. They pretty much control what price does unless there is enormous buying or selling pressure and they just overwhelmed. Otherwise they do what they want to make money and screw the little investors. I really wish there was a better system.
I called him last week but did not get a reply. Not like him. He usually is good about returning calls. I am sure he is busy.
Trader - I think it is just the simple matter of a little bit of buying pressure. This stock has always moved on low volume because the shareholders are holding so tight. Apparently despite the slow reports on progress that is still the case. Good news for all of us!
Chas has always been good about talking to individual investors. It is your money. If it is important enough to you then pick up the phone and call. Things easily get misinterpreted when passed from person to person. When you are dealing with investments and people making personal decisions it is always best to get first-hand info. It is wise of Chas to prefer that. I appreciate everyone on this board that shares information and encourages one another but I don't expect them to be the shareholder liaison. I am just grateful for what they do share.
Thanks for that update Pony - I have been swamped with work the last several months and have not been able to keep up like I normally have. Seems like only negative things coming out. Nice to hear a glimpse of something potentially positive.
Translation - we want to make sure the stock holders don't file a class action lawsuit against us. Considering they have made many moves of substance (including granting large blocks of stock to board members/investors and changing company control) and never filed required reports and/or financials I would be concerned if I were him. This is serious stuff. The controlling entities should be very relieved that for the most part the investors have been patient with them.
Merry Christmas everybody. Hope everyone has a safe and blessed holiday weekend.
Yes - those still here have had the patience of Saints. Never seen anything like this but I would rather they be slow and right than fast and wrong. Once they get this out there I am confident it will have been well worth the wait.
JD I agree with your assessment. In the short term I don't think it has any impact. If it is management shares I am sure that a- there are some restrictions on selling and b - they would not have interest in selling at this time because they have not yet built the value of the company. That being said in the long term it still dilutes the value and therefore investors should be informed in a timely manner. The length of time to do financials is just baffling to me. I could have done them with a pencil, paper ledger and dollar tree calculator three times already. I feel it is a matter of priority and they simply are not placing high enough on the list.
This is why current financials are critical and also the Law. Basically our investment is worth 1/5th what it was a few years ago. Not putting financials out is a good way to cover this up. Not saying they are doing this deliberately nor am I saying it is necessarily a bad thing. It all depends on what value investors receive from the dilution. To this point we have seen nothing but promises from Chaz in terms of operational progress (there may be some but we have not tangible proof). That is why the financials and any material changes are required reporting items. It is for investor protection. I think if financials are not updated in the next few weeks then as a group we need to start making noise. There is a lot these guys can do to help stock value and keep us informed. A quick note from the CEO, Updated financials, Progress report in writing (not unofficial phone calls),Press reports, Etc. Putting nothing out while simultaneously diluting to maintain operations is a recipe for disaster. Shorting is not the problem. Perceived value is the problem and that rest solely on the shoulders of management.
I don't say this to create anger or fear. It is simply fact and I think as a group we need to demand more accountability from management. As Pony says - a simple timeline would be helpful.
Good question Naval - I think it may just be ignorance on the reporters part. They get diamonds in jewelry but don't understand the industrial market.
From a cursory look at the 10Q's posted I did not see anything alarming. Pretty much the same as the last 10Q we got. Good news is no additional dilution to keep operations running. They also finally dropped off the warrants that had expired. Of course the crucial reports are the next two that are late. But it is nice to see something out. Hopefully the next few will follow quickly so we are current. Not really sure what took so long on this considering the lack of change. I do notice the verbage is different in some areas and I suspect that is a product of the new accounting firm and their analysis. Hopefully it was just a matter of them becoming completely familiar with the financial history and now they will be able to handle the reports in a timely manner. I guess we shall see.
clsc was shorted into oblivion by the investment bankers. Chaz is still in court over that. That is also why he is so paranoid about shorters. I like Chaz and think he is good for CTDT. He does tend to oversell and under deliver when it comes to news. That is frustrating and in my opinion not good for the stock value short term but I also understand that there are limited resources and an amazing technology that needs protecting. Given those two issues I am willing to give them the benefit of the doubt on slow news reporting. I would rather the resources go into packaging everything correctly and also not in putting out news that can jeopardize the value of the technology. GL
I think that is the value and reason for the new scientist. His background is in nanotechnology. A great complement to Snapper.
How about this for an answer: link - http://www.evincetechnology.com/whydiamond.html
Here is some of the text but look at the link. There is graphic showing the amount of material needed to isolate 10,000v. Very helpful. The diamond is a sliver compared to most other materials.
Why Diamond Is Better Than Anything Else
Ask any electronics engineer "what is the ultimate semiconductor material?", and the majority will say "diamond". Take a look at any comparative table of properties and the reason is obvious (strangely exponents of gallium nitride and silicon carbide always omit the diamond column from their presentations!):
Property (relative to silicon)
Thermal conductivity
Si 1
GaAs 0.3
GaN 0.9
SiC 3.1
diamond 13.5
Thermal Expansion coefficient
1
1.6
2.2
1.6
0.03
Dielectric constant
1
1.06
0.9
0.9
0.5
Electron mobility
1
5.67
0.83
0.67
3.0
Hole mobility
1
0.67
0.42
0.08
6.3
Saturated carrier velocity
1
1
2.2
2
>2.5
Where diamond really scores is that it far outperforms any other material in terms of its ability to insulate very high voltages across very thin layers of the material. The lower the insulation strength the more base material you need to start with (which is a big issue when wide bandgap semiconductors are already at least 10 times the cost of silicon), but more importantly the slower the device operates - which is why, in the case of power semiconductors, 6,500V appears to be the ultimate practical limit for silicon insulated gate bipolar transistors (IGBTs).
Dielectriccomparison
If you continue to explore further, look at the benchmark factors that have been proposed to compare various wide bandgap semiconductors for their suitability for high power electronic applications and the disparity becomes even more apparent. All these benchmarks are based on the constants relating to the material properties listed above as they are applied in engineering formulae the underpin the design of semiconductor devices:
Benchmark Factor (relative to silicon)
Johnson Figure of Merit
Si 1
GaAs 11
GaN 790
SiC 410
diamond 5800
Keyes Figure of Merit
1
0.45
1.6
5.1
31
Baliga Figure of Merit
1
28
400
290
12500
Baliga High Frequency Figure of Merit
1
16
44
34
1100
Despite its obvious intrinsic advantages, diamond has struggled in the past to make any significant progress as a semiconductor material. The reason for this because of is two widely held perceptions:
• Historically there has been limited availability of high quality substrate materials
Over the past 10 years there have been major advances in the production of diamond by Chemical Vapour Deposition. Today there are several leading material growers offering extremely high quality diamond materials in single crystal, polycrystal (µm grain size) and nanocrystalline (5nm to 100nm grain size) forms, with wafer sizes up to 200mm available in the non-single crystal forms and 25mm in single-crystal form. These multiple forms of diamond offer a choice of characteristics that mean the most appropriate form can be selected for any given application. Further, and more importantly, the scaled production cost of diamond is projected to be on a par with all other major wide-bandgap materials in use today.
• Inability to dope diamond in the same way as silicon (in particular n-type) means that it's not possible to make practical electronic devices
This misconception has dogged diamond for decades. While it is highly unlikely that a truly effective compatible n-type dopant will be found for diamond, there is also an unspoken truth about diamond: it's not a semiconductor, rather it's an electrical insulator with some phenomenal charge transport properties. Making good working devices in diamond first requires tearing up the rule book to fully exploit its unique properties.
Misconceptions such as these have even propagated through national strategy documents such as, the Power Electronics Research and Development Program Plan published by the US Department of Energy in April 2011 which states "... the diamond manufacturing process is still in its infancy; it is expected that research will yield diamond power devices no sooner than 2–3 decades from now.". This quote is verbatim from a 2007 review paper, that in turn is verbatim from a 2003 review paper that in turn takes it reference from a 1998 paper. Even by the pessimistic reckoning of this statement diamond is already well over halfway there!
The simple fact is that diamond is ideal material to meet the needs of the energy systems of today and tomorrow where the need exists to precisely control the flow of electricity from watts to megawatts. Unlike other wide bandgap materials, diamond has the potential to be able to clearly differentiate itself against existing silicon on cost (per switched watt) and performance. Beyond power electronics, diamond has a wide potential of electronics applications that exploit other facets of diamonds superior capabilities including: bio-compatible and ultra hard wearing MEMs, photovoltaics and extreme environment devices.
For more on diamond read on ...
In addition to the comment on carat size we were talking about the ability to produce cheaper. He said "when your price is 92% below everyone else". I did not follow up and should have to see if he was just talking hypothically or if that price point differential is accurate. I know CTDT will be substantially cheaper but 92% is crazy. No way this technology does not completely replace the other methods - at least in the industrial diamond market Owning the rights to everything produced with this technology is priceless :)
I also just spoke with Chaz - He called me last week and I was out of town so I called him back today. Key points I got from the call:
Audit firm just switched up managers and it has delayed some things. He is working hard to get it out this week. Personally I will be surprised if they do. I am thinking next week but we shall see.
They are consistently producing diamonds in the 1 carat range now and are much closer to a solution on the measuring. I don't think they see the measuring as a deterrent to going into production. It will just improve things once in place.
The milling tech was delayed (as reported earlier) due to some enhancements and manufacturing challenges but they are getting orders and he expects to deliver some this quarter.
They have two large funding groups waiting in the wings. They will not do anything until the financials are done.
He says a lot of things will be popping soon but the financials have to be finished first.
Patiently waiting here. Excited to see things start coming together.
Well I do want them to do it right rather than fast. It would be nice to see this come bolting out of the gate full speed with everything in full order.
KK - thanks for the article. It is interesting. Fortunately CTDT is more interested in the industrial applications.
Pony - this is why having current financials is important to me. Are we paying the CEO? How about the new science guy? Where are they getting the money and how much is it costing us? Last time we saw a change they had allocated over 30 million shares to investors/workers and operating cost had skyrocketed. That is more than the total amount of shares that were available on the market at the time. I understand that funding is going to cost something and am ok and prepared for it. But this company has had two really big positives as an investor. One is the game changing technology. The second was the low float. I really don't want to see the float turn into a liability that impacts the potential pps of the game changing technology. The SEC has a quarterly financial filing requirements for a reason. It keeps the investors aware of any financial dealings that might have an impact on stock value. We have gone way to long without seeing financials. The delivery of the AIM mills was supposed to provide cash flow. That cash flow would help eliminate the need for operational funding and further dilution.
Don't get me wrong - I like this team and this stocks prospects. But what is the CEO doing? I repeat my first question. Is he getting compensated? If so what are his duties and responsibilities to the company? Visiting Rhode Island is nice but unless he is helping speed the process up or solve some of the technical issues it really does not add a lot of value. At this point I would like to see him make sure we are current on financials and all required filings, meeting self imposed deadlines on product delivery, expanding sales of current product and locking down long term funding for the magnatek roll-out. Hearing from him would be nice. Why did he join the team? What is his vision for the company? What are his short term and long term projections?
I don't think any of these questions are unreasonable and should all be easily answered. It would sure beat another message from Chaz saying there was another delay.
I was wondering at what point someone would bail. The company can't keep promising things and not delivering. If there are delays they should be open and public about it. People get nervous and then you get a 150,000 share dump and 50% drop in price. Good for someone picking up a lot of shares at better prices.
I am still long and plan to be for a long time but I think the lack of updated financials is shameful. It makes it look like they are hiding something. There is no way financials should take this long. In the meantime we have no idea how many additional shares they may be handing out to people. Last time there was a long delay in financials we found out they had given out over 30 million shares. I don't like being in the dark when they are playing with my money. Sorry for the rant guys but I am just being honest here. They are spending a lot more money and giving out shares to investors in large chunks. I think it is reasonable to expect them to put out updated financials. I get that there may be delays in manufacturing and R & D. Those things are more volatile. But not financials.
Rant over - I hope the price drops further so I can afford more shares LOL
Well to be fair there are some brokerages that will not sell it (TD is good example) and others charge a surcharge to purchase. The most reliable I have found are E-Trade and Scott.
That being said I agree that the company taking care of business solves a lot of the issues. I find it very difficult to believe that it takes this long to get financials together. There has to be more to it than just getting financials current. If not they should fire the accounting firm. If yes then they should be a little more transparent about why it is taking this long. JMO
JD - the real key is the cost - There are diamond manufacturers that could up the amount of diamond they are producing now. There are many companies that are doing this. In fact the technology is widely accepted. The problem is the cost of production - It takes massive amounts of heat and pressure and therefore uses a lot of energy. The price point of artificially produced diamonds is close to the same as mined diamonds. That is the problem and that is what Snaper's patent solves. The 800 percent margins they talked about recently are astounding. The value of magnatek is that it takes the cost of diamond and reduces it to a price point that makes it a reasonable alternative as a raw resource in production. The game changer is when industries realize they can begin using diamond in their manufacturing processes because it is cost effective.
To add to Billiams answer - The daily trading volume on this stock is low so the price could easily drop if someone dumped a major position. As Billiam said that has happened. The key is volume and we will continue to be susceptible to that until volume increases dramatically. Which will happen as they continue to execute the plan. Conversely the stock float is so low that any real volume will also put tremendous upward pressure on share price. There are only about 2 million shares available currently. If this were to trade 1 million shares a day for a few days the pps would go just as fast as it can down - I am actually a little concerned about this. I don't want the stock to trade at artificial prices. What we really want is for it to trade at its true value with reasonable volume. That will all come in time as they get out financials, upgrade the market platform, begin to bring in revenue and lastly begin to mass produce diamond. The potential real value of this stock is well above current pps. If everything goes well the stock will respond accordingly. Best of luck to you.
Thanks for posting this IT - by far the most detailed report I have seen to date. Not sure what there circulation is but it should help boost volume I would think. It is nice to see some projections out on the diamond side revenue.
Agree VC - It is good news that CTDT is getting the attention of private and institutional investors now. I don't think we will really see the value from that until financials are current and we jump investing tiers.
MAXM is on the bid - That is good news. A couple points about MAXM:
They are traditionally a non-retail marker maker, which means they don't work with small investors like you and me.
MAXM market maker is on the bid, that means that some big buyers are interested in this stock. They mainly work with institutions.
I agree JD - Not real helpful for most people I would think. An explanation of what we were looking at would have helped. Still great to see another news piece. I am certain that as they continue to PR's out like this then people are putting on their watch list. I still think the updated financials are the most important thing to release in the short term.
Remember when IF (as in if they could put this company together) far outweighed the WHEN? Now we are nearly at 100% WHEN with barely a question about IF. The clock is ticking and our shares are sitting on the powder keg ready to be lit. GLTA