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I know some of you have talked with Chaz. Can you post his phone number so I can give him a call. There are several discrepancies in the various financial filings I want to discuss with him. For instance in the 8K on 3/16 they change management structure. However in many of the subsequent filings Snaper signs as President and CEO. But not all of them. Delisle signs one. Also they list issuing of 60 million shares for .0005 in the 10k report (sep 14) and state it pays off $300,000 in debt yet in the subsequent 10Q report (Oct 20) they state that 30 million shares are issued at .018 to extinguish $150,000 in advances and the difference in price ($390,000) is accounted for a loss to extinguish debt and issued another 30 million shares in exchange for services.
Stock totals add up but pricing and purpose are slightly different. I also would like to know how they determined issue price. If stock price was .018 on the 8th of June then so it makes sense. But issue 8.33 million shares (8.333 x .018 = $150,000). Did Delisle and Radovich get these shares? If so why did they get nearly 22 million more shares than actual repayment. Will they repeat this again? Are there any restrictions on the shares?
I also want to know:
When will the next Q report be done?
Where are the milling machines being built?
By who? Snaper? someone else?
A lot more questions that he probably can not answer yet.
If you have specific questions send them to me and I will put them on a list.
Thanks
That may be the case Billiam. I can't find anything in the reports to indicate who got the payment.
Snaper owns (at least he did) 43 million shares. The two "Paybacks" were 60 million. It would take Snaper and all of us to overcome a vote by those two (whoever they are). Snaper was willing to give up some of his ownership in order to move this forward. He recognizes that 20% of something is much more valuable than 75% of nothing. Sound reasoning - He had to trust to somebody and put his trust in this group.
I like the direction they are going and do believe they have a better business and much broader vision than Mr. Snaper. I think that they fully intend to drive this company forward in many ways and am confident they are working diligently toward that goal. I just want to make sure they profit fairly based on company performance and not on special insider deals at the expense of shareholders.
Market makers seemed to really jostle for position yesterday. I am not convinced that the shares put up for the website or the acquisition of the milling patent are not being dumped into the market. Not sure if there were any trade restrictions on those shares and not sure how to find out other than asking management. Sweet deal for the web developer. 1 million shares at .12 to .20 per share. The work I have seen so far should not cost more than a few thousand dollars. I hope they have a lot more to do to the website and the company has some kind of leverage. I also hope the web developer had zero relationship with any of the key decision makers. I certainly don't want unnecessary dilution because of a friendly relationship. Not saying there is but as shareholders we need to be cautious. I like the direction the company is going and very happy to see the positives. I am 100% convinced that things are going to explode here. But as shareholders we still deserve fair treatment. The 60 million shares that included some bogus write-off is troubling. As is the 1 million shares for a 100,000 share job. Mr. Snaper is not the majority shareholder anymore. While diluting the pps when you own 30 million shares may not be a big deal it certainly can be a big deal for some here who only own 5 to 10 thousand shares. I expect to make a lot of money here but we need to be willing to hold managements feet to the fire to ensure they treat ALL shareholders fairly.
Sorry for the soapbox! It is just easy to ignore poor or unfair practices when pps and the investment is doing well. But each decision they make impacts our future returns. If they have to dilute some to move this forward so be it. But do it with the knowledge and understanding of its impact on the market and do it reasonably.
OK- I'm done :)
I have an L2 subscription. It shows volume, trades, size of each trade as well as all the outstanding orders (supposedly).
You can always get volume and current ask and bid from your brokerage page.
160k on 45 trades. Someone dumped nearly 100K into the bid. We still held pps fairly well. Not sure who would be selling. Someone taking profit? But why sell into bid? Perhaps the shares issued to pay for the stellar website they are creating?
Interesting wording in the press release. Chaz mentioned acquisitions in addition to funding. I thought the pick up of the milling process was a good move and should supply immediate cashflow (assuming they meet their targets). I wonder what other acquisitions they might be looking at.
Well somebody just dumped 60K into the bid.
Really appreciate it Naval - It is much better in terms of relevance as well as ease of obtaining useful information. Had I tried to update it then it would be a disaster. Not my forte :) I am sure everyone here as well as any new visitors will appreciate your work.
We also don't really have a lot of heavy hitters here. Wait till people start showing up and dropping 10K to 20K at a pop.
And this stock is so under the radar. Just wait till it gets serious attention and consistently high volume.
Thanks Pony - Good news they have a credible funder. I have no doubt funding gets done now. And these guys will grow with the company. Very positive news.
Thanks Billiam
Also would be nice to sticky VC's articles post. That is solid and valuable information. VC or another mod can do it.
Whoever updated the board I appreciate it. It is nice to have the current information there and all the old stuff down.
Thanks for posting these VC - good reading. The future could be very bright for CTDT.
Nice close to the week. Getting cheap shares may not be as easy as we all hope. We shall see. I doubt we get an kind of PR until some time in the New Year but who knows? GLTA
I believe the process they are looking at is actually coating or laying a film down on the chip/semi-conductor. They already own the patent. I think the key is developing the right formula for the Magnatek machine. It could be the mills are part of the process as well.
Would not hurt our feelings. Longs know this is a patient play. I would love to be able to load some more at .03. Once funding and delivery of mills start this will pop and never look back. Not a lot of time left to load at low pps.
Very little that you have to do. You have to have a certain number of post to maintain mod privileges. But it is not many. As a mod you can sticky one post and can remove posts that don't meet criteria. Basically anyone violating rules, etc. I think that as long as mods agree they can keep the board as clean and focused as they want.
It still shows on the L2 - It did not change price or quantities on the L2. Must be MM's doing an adjustment.
Guys - we still have slots for two moderators. Moderators cannot control the actions of others moderators so it would be nice to have these slots filled with solid longs. I really don't want a troll/shorter flooding the board with negative propoganda. Of course real discussion is encouraged. I was very vocal about my feelings about the stock issuance. Not real happy about the numbers. But overall I am encouraged by managements actions and willing to disagree with some decisions while believing the stock will be a remarkable investment over the long run. A thoughtful discussion of value, direction, and other corporate decisions is encouraged.
Ice - This may answer your question: Also when the company had 30 million shares in float I thought it might be prudent to split just to add some liquidity to the market. Now that there are 135 million I am not so inclined. Depending on whether or not there are trading restrictions on the 60,000 issued to funders. If they are not selling then we may still have a scarcity issue on the stock which can artificially drive the price up or hamper PPS growth because pps is inflated for the same reason. This is something the company will need to look at fairly soon I think.
"All publicly-traded companies have a set number of shares that are outstanding on the stock market. A stock split is a decision by the company's board of directors to increase the number of shares that are outstanding by issuing more shares to current shareholders. For example, in a 2-for-1 stock split, every shareholder with one stock is given an additional share. So, if a company had 10 million shares outstanding before the split, it will have 20 million shares outstanding after a 2-for-1 split.
A stock's price is also affected by a stock split. After a split, the stock price will be reduced since the number of shares outstanding has increased. In the example of a 2-for-1 split, the share price will be halved. Thus, although the number of outstanding shares and the stock price change, the market capitalization remains constant.
A stock split is usually done by companies that have seen their share price increase to levels that are either too high or are beyond the price levels of similar companies in their sector. The primary motive is to make shares seem more affordable to small investors even though the underlying value of the company has not changed.
A stock split can also result in a stock price increase following the decrease immediately after the split. Since many small investors think the stock is now more affordable and buy the stock, they end up boosting demand and drive up prices. Another reason for the price increase is that a stock split provides a signal to the market that the company's share price has been increasing and people assume this growth will continue in the future, and again, lift demand and prices."
Read more: What is a stock split? Why do stocks split? http://www.investopedia.com/ask/answers/113.asp#ixzz3tjrZQuMo
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While the shorting practice is rampant and abused as well as destructive to young start-ups I don't think it is a big problem here yet. That said I agree with Pony - the MM's play a lot of tricks to the detriment of the investor. It needs to be cleaned up.
On management - So far I must admit my skepticism is proving wrong. I really like what they are doing. They seem deliberate, focused and well thought out so far.
Don't think so - someone has consistently sold into the bid today. If it were shorts trying to cover they would have hit the ask.
Preferred shares are just a different class of stock. They have a higher claim on company assets and earnings than common stock. Dividends must be paid to preferred shareholders before they are paid to common share holders. They can also be set up as a debt instrument. The preferred shares are basically securing the loan/investment. In case of default the company assets would go to preferred shareholders before going to common shareholders. Preferred shares have no voting privileges but are much safer for investors than common shares. Basically us common share holders are in last position should the company go belly up. Preferred shares can normally be traded just like common shares. One other note on preferred shares. Sometimes they guarantee a rate of return/dividend. If the company does not pay the dividend then the amounts due accrue for the shareholder.
There are not time frames related to preferred shares. Warrants (the right to buy shares at a particular price) normally have an issue date and an expiration date or time frame from issue.
Hope this answer your question. I apologize if I am telling you a bunch of stuff you already know.
Don't mind the pps coming down some. Hope to load up some more next week and would'nt mind the better lower pps. I don't expect the stock to really take off until funding is closed and they start delivering mills. Once that happens I think we never see these prices again. Any news between now and then may push it up some but unless it is earth shattering it still won't bring in the volume needed to drive it up consistently. Proof of funding and revenues will. Add in the actual diamond production and sales a little later in the year and this thing really takes off :) I am hoping to go back out to visit in Vegas in January and talk face to face.
Looks like someone is taking profits today.
Just for the record my money is on the preferred shares route. Better protection for the investor and does not dilute the common stock.
I think there may be some dilution but don't believe it will be significant. I think that may be one of the reasons they are starting to put news out. To push the pps up some so they can close the PF at a better price. I think they are looking for 600K but not 100% sure. If they get a pps of .10 that would only be 6 million shares. With current float that is not bad. They also have 10,000,000 in preferred shares they can issue and they could use those instead. The old business plan (also mentioned in the Q reports) calls for 3 million to go into full production. If they went that route then we would be looking at 30 million shares at .10 but the float is still so low the market could handle that easily. Especially if they are going to market and turning revenue. Anything better than .10 would reduce the required shares accordingly. They could go in another direction completely but I suspect it will be common or preferred shares since it is private funding.
Good to see you back. Neo dropped in yesterday. Make sure you read their latest press releases. Latest release is about the purchase of the new milling technology patent. Apparently Snaper is doing some "upgrades" and they will be applying for a patent. Chaz (president) also talks a lot about the semi-conductor industry. Volume and attention is low right now. If they do close funding in 60 - 90 days then things should really heat up. I expect more releases prior to that as well.
I posted the current stock structure a few days ago. If you go back through the old post you can find it as well.
GL
Is that you Q? Company has a new management team in place (Snaper is still there) and has a realistic biz model they are following. They have consistently been catching up on filings and put out a few releases. They purchased a milling technology and have orders already and are planning on delivering first units in Q1 2016. Private funding in about 60 days. They plan on beginning finalization of formula and measurement systems as soon as funding is in place and also plan to market product while doing the R&D. Plan is to have R&D done in 4-6 months.
There is a sticky with an interview with the new president that goes over some of this. The real key is that they seem to following through with what they say.
That is it in a nutshell. Moved to .20 on about 1 million in volume and 100 share transactions in three days. I expect it to settle down a little pending additional news.
Morning everyone - Yes VC as Billiam said - click on the "more ctdt messages" link and you should see the mods listed at the top. It should have a place to request to be a mod. I think we can have 5 mods so if you sign up we will be at 3. We could still use two more. Don't really have to do anything but you can sticky one post and you can remove posts that don't meet board requirements.
How Autogenous Mills work - at least until Snaper changes it - lol
Autogenous Mills operate, mechanically, similar to the ball mill. They differ in the media they use to break or grind the ore. Autogenous Mills use large particles of ore instead of steel or other balls for grinding media. Autogenous mills use large pieces of ore as grinding media. The grinding is facilitated in autogenous mills by attrition with limited grinding by impact.
For an ore to successfully grind autogenously, the ore must be competent, and it must break along grain boundaries at the desired product size. Another requirement is that the finer sizes should break easily and should be removed from the mill, otherwise, there will be a critical size buildup. Autogenous grinding has two advantages, (1) it reduces metal wear and (2) eliminates secondary and tertiary crushing stages.
Thus it offers a savings in capital and operating costs. Autogenous mills are available for both wet and dry grinding. The diameter of autogenous mills is normally two to three times the length. The ore charge is usually 25 to 35% of the mill volume.Autogenous mills have grate discharges to retain the coarse grinding media in the mill.
Article on Autogenous mills - I thought it was interesting. Perhaps the new changes and patent Mr. Snaper is doing with the mill technology will solve these issues. There is competition here, especially with the new crushers but if Snapers enhancements fix these issues the mill roll-out could be a very nice profit maker.
Monday, 25 August 2014
Where are SAG mills going?
In our recent conversation, Prof. Alban Lynch was very sceptical about where semi-autogenous grinding (SAG) mills have gone, and thinks they have taken us along the wrong track. He feels that they may be attractive in terms of high productivity, but says that "their energy efficiency is poor, and I feel that these immense machines are going to turn into very large ball mills". Developments in fine crushing machines may turn out to be viable alternatives to SAG mills.
Interesting, as in a recent article in Mining Magazine (July/August 2014, pp. 27), Kurt O'Bryan of Weir Minerals says that, although SAG mills have been around for over 40 years, the demand to process more ore in less time is a key factor in where comminution trends are heading. He says that "SAG mills have to be bigger to meet these demands. Some are up to 12.1-12.8 m in diameter in order to handle the higher tonnages, and the size of these mills makes them harder to install and operate efficiently".
He says that Weir is seeing a rise in demand for larger cone crushers that are matched with large high pressure grinding rolls (HPGRs) for customers who want to replace SAG mills in order to increase efficiency. Utilising cone crushers and HPGRs allows ore to be processed from 250mm to 50mm in cone crushers, then down to less than 6mm from HPGRs. O'Bryan also explains that "the interparticle comminution inherent in the HPGR process is uniquely efficient relative to other forms of comminution in crushing or milling".
So what do the operators think? Do you have problems with SAG mills, and how do you view their future? Is finer crushing a viable alternative? And no doubt the manufacturers will have something to say?
47th on breakout boards. Not sure how with such low post numbers but hopefully it gets a little attention pointed here.
I agree Billiam. That is one reason I signed up. Bradlee was on as a mod but I have not been able to contact him in a while (hoping he is OK). But anybody here is welcome :)
Nice to see you back Neo - looks like we might have a real management team in place. Everything people were hoping for a few years back finally seems to be realistic. Private funding within 60 days (we will see). Revenues first quarter. Stock is still a bargain at .20
Repost of Chaz interview.
I wanted to sticky this but post was to old. So here is a repost of the interview.
Chaz interview
Yep 26K at .20 and only 2.5K on the ask at .21