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.
If you notice the convertible financing was done on 11/17/08
when the stock was CTGI was trading at $.20 and not effective
until 6 months later
It was convertible into stock upon notice by the holder
at the lower of $2.10 or the average market price of 18 consecutive trading days.
The timing of this is 6 months from now and I think it would
before the filing of an S-1 or IPO offering
If you notice the out here for CTgi is the conversion at the
way this is worded at the lowest of $2.10 or average 18 day market price.
There is also a floor of $.38 that the company can buy the shares for 118% if the stock gets too cheap
So I think the company has a shut off valve to counter
toxic financing since they have been through this with Cornell
once before.
At $2.10 that is 10 times greater than $.20 when the stock was traded when this financing was concluded
Evidently the company y must believe that the value of its stock will be no lower than $.38 and greater than $2.10.
In this regard they would issue about 714,000 shares for each note at the $2.10 which would then not be too dilutive or toxic.
CTGI must need these these monies to back up the CO2
technology since such the LTC IPO funds could not be used
to fund the CO2 branch of their operations without the consent
of their Ukrainian shareholders.
I was reading tha there is a lot of money on the sidelines
and that a lot of IPO s have been shelved waiting for a
better financial climate or issuing environment.
Investors will be very selective and only the better IPOs will get funding.
Regards,
bbhuey
waiting
.
You can see the no short provision on the Edgar 8K filing
for the convertible financing.
it can be viewed on the pinksheets website then type
in the ctgi symbol
regards,
bbhuey
Yes I talked to them to last week before Thanksgiving.
Expressed confidence in the company
regards,
bbhuey
NinjaINJA,
Thank you as it now differentiates our bipolar product from other competitors in being able to handle arteries above 7mm
such as the Gyrus model that is only approved up to 7mm and not above
regards,
bbhuey
if you look at the LTC website site it lists the benefits
of LTC's third generation vessel sealing machine called BIOFuse that automatically delivers the right temeperature
to the surgery site and automatically shuts off when the seal is complete while other competitors do not shut off but makes a sound when the seal is completed but does not shut off..
In addition the LTC machine has a higher burst strength
than one of the competitors machine
An abstract authored by Dr Robert Tucker compares the benefits of the LTC machines versus the Gyrus machine
(I think that is Mr.D'Ameiio's and Mr.Aunhl's former company that was acquired by a major for several Billion dollars.
Yet CTGI trades for a mere pittance without sales yet.
!
The Gyrus machine was only approved for use for vessel sealing up to 7mm
The LTC material states a vessel sealing length of 8mm
I am not sure what LTC's limitation for vessel is greater than 8mm?
Does anyone know hwat LTC's limit is in this regard?
Regards,
bbhuey
Everyone has the opportunity to do their own due diligence here it be in in this company or any other company and to request constructive comments
My interest is to pose questions that have a bearing on whether or not it will lead to the success or failure
of this development stage /comercialization company
as it compares to other companies involved in the electro-surgery market.
My private investment position is no one's business except
my own nor do I wish to disclose it.
Regards,
bbhuey
Previously high wattage made eletrosurgery equipment
extremly hazardous both to the patient and to personnel.
As a result two decades ago the American Association of Gynecoloogical laparscopists (AAGL) developed voluntary
standards to prevent patient injuries these standards were registered in the Federal Register on February 26,1980
with the recommendation that the unipolar output power
to be limited to 1,200 volts and 100 watts at maximum generator output.
Depending upon the type of surgery the maximum output power power must be matched
I do not know what type of safety features are incorporated
in the LTC technology
Some malpracice insurance companies encourage electode monitoring technology to be used (AEM) made by Ericson
to enhance patinet safety and reduce electrosuegical risk
in laparscopic surgery. One such group is the State Volunteer
Mutyal Insurance company(SVMIC) of Bolder ,Colorado.
I hope Frand D'Amelio incorporated such safeguards
in the LTC system.
I notice that Valley Labs Ligasure vessel sealing unit
of Tyco can only seal up to 7mm while LTC can seal up
to 14MM
Does anyone esle have any other idea as to how our LTC technolgy has an advantage over the competeiion?
Like companies such as Conmed,Circon,Valleylab,Elmed,
and etc?
regards,
bbhuey
I was reading an article by Karl Hausner,President
of Elmed corporation comparing Laser vs Elcectorsurgery.
That the laser has a cut that is more uniform.
Targeting of the laser beam requires an expensive optical system
Equipment must be kept in perfect working condition
and technical requirments fulfilled
Surgical accidents with both laser and electrosurgery
have been reported.Most were caused by lack of attention
and respect for proper
With laser surgery there is a large amount of smoke
at high temperatures
With electorsurgery it is at lower temperatures
A rule of thumb states that each ouptput watt from a laser
costs $1,000 as compared to $10 for electrosurgery
The average laser costs $20,000 to $50,000 while the electrosurgical units costs between $1,000 and $5,000.
Repair maintenance costs are on a similar relationship
Electrosurgical units are relatively reliable and nits
repair rarely exceeds 20% of the purchase price.
"THE LASER: "STILL A BRIDESMAID TBUT NOT THE BRIDE"
SAYS DRS.bRODAMAN AND REYNIAK
Anyone have any thoughts to add to this?
regards,
bbhuey
s
0
n
I think they hired a new IR firm called Equitrends Advisors
or something of that nature.
They can be reached at 800-963-3350 in San Diego they are
three hours behind Eastern time.
We get an indirect inndirect plug on Fox News and we go down $.11. on 29,000 shares.
Go figure.
regards,bbhuey
The Israeli laser tissue welding technology y is also on the MIT technology review.com
regards,
bbhuey
You can look up on Fox News health on suturing
and an article from the Jerusalem Post that it
would be ideal for Ceasareans and Ingenital herniias
and are two years away from applying for clinical trials.
Mentioned that it would also be ideal for battelfield
injuries.
Regards,
bbhuey
You know we have an old saying. Any news is good news.
This was for free publicity and worth millionsand worth millions.
We just have build up our sizzle routine when
the two techological accomplishments can be compared.
We can seal arteries and h h low organs with significant
burst strength
we are in the launch stage they are in the clinical stage
We only need to be embraced by the powers that be
regards,
bbhuey
have
Great News on Fox TV channel 62 at 9.50 A.M. Laser tissue welding announced now availabe from Israel.
Woman Doctor who is an internist discusses the benefits
of this technology as compared to suturing.
No foreign matter,no infections ,faster recovery.
Has yet to be tried in the U.S.
Maybe we will betting traction soon.
Regards,
bbhuey .
Did anyone a call from IR?
regards,
bbhuey
I think you have to read that there is no event of default
if the stock is not less than $.25 per share.
Conversely if the stock is less than $.25 it would be
an event of default.
It is impiled but not said plain directly
Regards,
bbhuey
Yeah, got 5,000 shares last week below $.20
Waiting for some tax loss selling for some more.
Lowering my average from $.82 any more sellers out there?
regards,
bbhuey
I think investors are trying to come to grips with the effect of this financinhg.
CTGI has authorized 80m shares of which about 42M are outstanding
The maximum dilution for the four $1.5M notes is about t
714,000 plus shares or about 3 M shares
The company did not pay a 10 - 15 broler's commission or placement for this financing as they wold have to pay for LTC 's IPO
Even many middle market established companies are having
difficulty getting financing today that are making money
Right now neither CTGI nor LTC have any revenues the
fact that they were able to get the convertible stock
to be converted at a price of $2.10 rather than $.20
should speak loudly about the future prospects of our company
Evidently DR and company thinks that the return on investment
will surpass what they will have to pay them back in shares
If the shares are below $.38 then CTGI can simply buy backkc the shares at 118% of the dollar amount converted
If the stock price falls below $.25 then that is an event
of default 6 months from now
Evidently DR and Co. think that the stock will not fall below $.25 within 6 months after they give them the money and if
La Jolla wants to get out they can convert at the lower of $2.10 or the stocks market price for 18 consecutive trading days
Evidently,DR and Company expect more than the stock price and the volume that we have now otherwise it would not be worth
the risk of dilutting the shares at these cheap prices
Does anyone have any further thoughts?
regards,
bbhuey
man
Lajolla Cover Investors have different principals
than LaJolla Capital
regards,
bbhuey
LaJolla Cove Investors seems like it is different
than LaJolla Captial they have differnt principals
regards,
bbhuey
MR. kOOP IS A GREAT SUGGESTION
REGARDS,
BBHUEY
a look at the PR states LaJolla will make
prepayment of interest and principal under the first secur
note beginning 6 months from the date of signing as long as there is no event of default and that the average weighed volume price is not less than $.25 on the averge of 10
consecutive days of trading
Seems to me that DR and compnay must believe in the price of the stock to be over$.25 even in this market and dosn't
expect us to be in the teenie weenies anymore
There is a reason for all of this and Dr is the choreographer
when they say dance you have to dance and when they say
sing you have to sing.
Meanwhile we have to wait to watch until the picture is finished since it is a work in process
regards,
bbhuey
Thnaks for answer. I guess its a very good sign that they were able to get financing in this market
They probably want to move along their CO2 product
and need the money to start that up since they have the exclusive and have to pay licensing or royalty fees
I hope they start to build up their public image
a bit more in advance of launch
Maybe we need a choreographer to coordinate
the moves pre-launch or a famous spokesperson
I think Arnold Schwarzenegger is pretty tied up in California
who else can you suggest? Maybe Dick Clark?
regards,
bbhuey
Understanding Recent Financing
I am having some difficulty trying to understand the recent
convertable financing to determine when it is good for our
company and when is bad for us shareholders.
An important factor should notice is that this is
CSMG doing the financing and not Live Tissue Connect
that was orginally to be IPO;s
CSMG issued Securities Purchase Agreement (SPA) in which
it will issue a 6% convertabel debenture for $1.5M
that matures November 2011
At the election of La Jolla the principal and interest is paid in CTGI stock at the lowe of $2.10 or a lower price
based upon the average 18 days average sales preice.
if the stock is lower than $.38 CTGI can buy the stock
for 118% of the amount to be converted.
UInder the SPA agreement ,LaJolla paid CTI $125K with the balance in the amount of $1,375,000 secured promisory note
that is payable on demand by CTGI anytime after November 30,2011.
Under the terms of the secured note Lajolla will pay 6% intereston the outstanding pricnipal balnace of the first secured note.
Lajolla may elcet to have a prepayment of the interest
and principal due under the first note no later than 6 months in the amount of $250K if there is no defauualt
LaJolla ahs the right to have CTGI isssue a second,third and fourth convertible debenture in the amount of $1.5M each.
and promissory notes of $1.1M with a fallout of $400K.
What I don't understand is that they are only getting
$125K plus a secured promissory note of $1.375 m.
and that they intend to borrow against the secured promissory note to get cash.
But they don;t tell you the promissory is secured with
and how you are going to get cash to finance their operations.
CTGI benefits by paying 118% of the amount of what LaJolla elects to convert into shares that would serve to blunt any erxcessive price advantage over 18$ stock if less than $.38 h
LaJolla has an advantage in that it can forece CTI to issue
several more convertible debentures with these secured promissory notes that wold also be convertible into stock
In seems to be shareholder dilutive on surface but it seems
it is limited by the 18% ceiling in which CTGI can buy the shares back if they are making money or have cash that seems
to limit Lajolla's up when it is more than 18% when th is $.38 or less
It seems like a call and they put a collar on the
stirke price above 18%
Now CTGI intends to do an IPO on LTC for a certain amount of shares in which Empire gave them $7M at 15-18% interest to handle the IPO
So CTGi is borrowing money for the parent and also for LTC
Anyone have any thoughts on trying to figure out
what is happening here that may or may not be the reason for the recent share activity.
regards,
bbhuey
d
It seems now they have a guaranteed buyer for their shares
in the form of Lajolla to take their shares if the IPO
market is a mess and non functional ier
As such CTGI managment must think that the market price shares
at November 2011 will be higher than the lower of $2.10
or the 18 day average with a collar on the share price of no more than 18 % otherwise CTGI will buy the shares themselves
preventing a dump of shares on the market
Another assumption is that CTGI managemnt must think that their business will be cashflowing or that they will have additonal funding to buy the shares ie r
they intend
25K
o
Yes we need to get a positive PR's to be written up in the
business sections of magazines with facts about what the
capablities of what LTC has to offer.
We are approvaed already and in a little over a month they
will be able to launch.
Does anyone know what launch means?
Is it only advertising,manufacturihng training,sales,.demonstrations,medicare and medicaid and health insurance approvals,financing ,leasing and etc.?
I notice we took hit with this pending financing in which
they were only advanced $125K of the $1.5M does anyone think that this was overdone?
How does this correlate to the Empire financing and IPO?
It seems that they maybe using this as a backup in the event that the IPO market is frozen next year.
I don't see how they be able to do both of them without significantly diluting the stock at these low prices.
Anyone have any thoughts regarding this?
regards,
bbhuey
I don't know why the company has not s elf
promotion of their product now that they are FDA and EU approved.
They have to bet the word out there about what their product
can do .
Like Mr. Oreck on TV selling his vacuum cleaners
Sometimes you have to sell the sizzle before you can sell the stake.
- Hospital Trade MagazinesTrade magazines
-Magazine articles of their capabilities
-Newspaper reports
-Russian case studies of operations performed
-Charitable donations or use with our Veterans
Hospitals that would need this for treatment for our Veterans both here and overseas
-The Bill and Melinda Gates Foundation has plenty of money
Us shareholders suffering from a such a sharp drop in the share price to get $125K with the promise of more
is kind of ridiculous unless they are absolutely assured of getting more if the IPO does not pan out.
We have a little over a month before the end of the year
does anyone think we will see any activity on this front
before we launch
Regards,
bbhuey
Yes I was once at his house.It wasn't too shabby
regards,
bbhuey
I bought a nickel gold miner at $.53 and it went to $5
on the discovery now that it is back to $.53 a hedge fund
mounted a proxy fight for control and outed the former CEO who was on the side of shareholders by a new NOD picked by each side 3 to 3 and two new co - CEOS until a new CEO could be found
The s two new co_Ceo just proposed A 25 MILLION SHARE pp pt at $.80 per share while having $25M cash in the bank
with 2 M shares going to the two new co-CEO for their exemplary work.
This whole process initiated the by the hedge fund was to
enhance sharehoder value of the hedge fund aka Carl Icahn
or someone of that nature
The management of this company has to wake up and enhance shareholder value otherwise a major or hdege fund can come
come in and scoop them up for pennies on the dollar without having a poison pill or shareholders rights plan in place to thwart such an event
While all of the 9 years of work went into the hands of
a Geeko
Regards,
bbhuey
We have a money show no new announcements and get no market response or reaction or even a mention that our technology
has any merit or benefit.
Why go there or spend any money on this?Why even announce it?y?
I thought a while back that LTC was talking to some majors,
or major distribution networks or joint ventures s or licensing deals. I don't know if this was in the U.S. or
Europe or both
So far no news.
Also they were working on a joint venture for an
to handle miniscus for knee surgery
So far no news.
No news of an S-1 filing for an IPO or indication thereof
So far no news.
Do we have enough money to survive in these trying financial
times when are a lot of well know n companies are getting
their financing options puked up by their bankers.
So far now news
I am sure that the design team designing new prototypes
to be used in different types of surgery and the application
to the FDA for them
So far no news.
we do not seem have any transparency here as to where the LTC products stand in the scheme of things and the longer
the shareholders are kept in the dark the sooner we will go into the teeny weanies in terms of pennies per share
or until they run out of money and have to dilute like crazy
to raise any money.
We have a technology that can replace silk and cat gut sutures and staples with a $20-$25K generator and disposable
instruments that cost $20 0-$800.
Does anyone know how this can be economically viably sold to a hospital when the insurance companies and government are cutting back on reimbursements as compared to $50- $100
cat gut or silk.
Are we trying to sell a backhoe jackhammer when all it d cost is for a shovel or nail?
Communication to shareholders is very important especially in these kind of difficult financial crisis times.
Just a frustrated long.
regards,
bbhuey
Looking at the chart the stock is sitting at the top
of the W% R like a sittihg duck
I think that because of the ow volume and manipulated
trading of taking out the asks that this indciator
is distorted.
As well as some of th of the other indicators
Does anyone have any ideas as to what the real picture is here
regards,
bbhuey
I notice that the bollinger bands are starting to tighten up
I think when this happens we will have a big up or a big down
We already had a big down.
Can anyone confirm this?
Regards
bbhuey
The 3 bog runs was the expectation of FDA approval
and the changing of the listing from CTum that messed up the short sellers for a few days
We have EU and FDA approval for 2 instruments .
I wonder if we have any other FDA approvals pending for other insturments
Does anybody know where we can find any pending FDA filings filings?
regards,
bbhuey
I think it would take them a little time to do their
due dilligence before the boys will consider buying
into LTC's story
The problem with this company is that they are very understated in the public statemen of their goals
and objectives in which they do not promise anything
so although publically there may be no sense of urgency
in achieving their objectives they are busy accomplishing
on their own time
Although publically it seems that nothing is happening with no substance but in reality they are in fact trying to get
a going concern business working with a firm foundation
The environment in the capital markets doesn't help
with the contractiuon of the small caps and of the IPO market.
Regards,
bbhuey
I was trying to determine who our competitors are
after looking at the subtitles on the analyst suture market
in which there are over 53 competitors
An internet search of live tissue welding also indicates
that there are laser firms engaged in this as well that may
or may not be competitors be competitors
I also looked at Starion,Circon-ACMi and Cnwd
that seems like it is engaged in arthoscopy and laparscopy
It appears that whatever sutureless surgery that we would be competing against in price vs silk sutures or absorbant tape
would have to be cost productive as well.
Taking into consideration the $25 K generator and the
disposable hand tools that will cost $200-$800 per unit
the use of this technology would only lend itself only
to higher priced surgeries
Can anyone shed any thoughts on who are our competition
and applicable pricing for this product because it seems
like we might not be able to compete against absorbable tape
or sutures made from silk or cat gut.
Regards,
bbhuey
This puchase accomplished the following.
1.Gave the company funds to satisfy the court judgment of $200K with banco Palmisano
2.Showed mgt confidence in the viablity and future
of the company
3.Helped place a price support level under the stock
from further falling
4.advance the price of the stock
5.Low stock dilution with no interest cost
Regards,
bbhuey
I noticed the recent financials show that the previous period
of cost of goods shown as a cost was reversed and shown
as income to cost of goods in the altest period for $652K.
Does that mean that whoever they orginally contracted out to make the LTC generator and tools refunded their money
and the they chose a new manufacturer.
Does anyone have any information of who the new manufacturer
could be and when they will start in light of their Jan 2009
launch date?
Does that mean that there will be further delays in manufacturing for the LTC launch?
If they got the $652K back that can explain where they got
their money for the new HQ in Texas.
Any thoughts anyone?
Regards,
bbhuey
Stock goes down on EU approval.
Stock goe sup on HQ expansion.
Is this crazy or is this crazy.
Does anyone know what is next?
regards
bbhuey
Smiles,
You should be able to calculate this yourself
In the three different classes staple,suture,clips and glue
with $3.2 Billion in Gross Revenues
My guess their market penetration would be 1-3% the first year,6-10% the second year,10-20% the third year ,20-40% the fourth year,and 40- 60% the fifth year and carry that out to 10 years.
This is all depending upon the staging and FGA and EU approvals of the other disposable tools for each type of surgery application and the pricing of each appllication.
The stock will not move up until CTGI has revenues I hope I am wrong and it is sooner.
Regards,
bbhuey
We are in a very difficult bear market.It seems that traders
are selling into the market as a result of Obama's proposals
on raising the capita gains tax.
Even commodoties such as oil,gold and metals are going down
while the other stocks in the market are getting beaten as well in sucker rallies.
Stocks such as CTGI with its potential application
to surgeries has not yet gotten the attention it deserves
With the United Nations report by its WHO organization
that there are over 234 Million surgeries done in the world a year.
How much of this market can we get even at a minimum
for $1, $5 ,$10,$20,$100 per surgery?
How much of the staple,suture,clip and stitch market
of over $3.2 Billion among three competitors do you
think we can get for the first year,the secnond year,
the third year and so on with a growth rate of over 50 percent plus per year and a forward PE of 30-40.
Can anyone guess what the PPS would be?
What about the market for Chindia( India and China )
a small percentage of those markets.
Instead we remain in the doghouse playing monkey
in the middle with VFIN and HDSN.
I think we will be surprised when the catalyst
is announced that will trigger the PPS to where it belongs.
Only DOn and Frank knows what they expect to launch
this company on the right road and it is evident from
the pace of newsreleases and money shows that CTGI investors will have a Quickening with the PPS of CTGI until that happens we have to be patinet.
Regards,
bbhuey
I once had a pharma stock like this and they got FDA
approval on a bladder or unrinary incomtinece drug
and the stock didn;t move!
After waiting for the compnay to get their marketing straight
as to who will do what in the USA and Europe did the stock move,
As a result,I was so frustrated with this stocks price movement that I sold the stock even though I waited a while.
It was like slow pain.
In this case someone is manipulating the stock who has
a big position and keeping it down.
They know the stock will not move until they generate
revenues period so now it is ply,play,play.
It was apparent to me that someone Friday had some advance knowledge of today's announcmentand bought 100,000 shares and did'nt get the pop and sold out today to bring the stock down for a head fake.
Perhaps it was moving the stock from one pocket to another pocket within the same organization.
Conspiracy theory what conspiracy theory, Sith Lords,or whatever
It is like in the past when they changed the symbol unexpectedly on this stock the stock went up in price
becuase they got messed up.
Don't give away your share before New Year you maybe
plesanlty surprised.
Regards,
bbhuey
Don Robbins states that" LTC may now begin marekting
the LTC system in the U.S. and Europe"
Does anyone know if the generator needs to be approved by the
EU?
I thought last time that they were one step away fronm
some type of EU approval.
We didn't even get a rise out of this.
What is going on here?
Is someone holding us down for their own reasons
and selling into the buys ot raise funds or what?
Regards,
bbhuey