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Hey guys - I have been traveling a lot and swamped between work and finishing my MBA. I have barely been on-line and have basically been waiting for the consummation of the deal Mr. Anthony and Mr. Snaper said they were working on. The information in the blog (particularly about Wechsler) is why I was put on hold. This group supposedly has money. I expected something to be done much sooner. I am not sure why things are taking so long. I was told that the Wechsler group (not sure on spelling) already holds a fertilizer company. Mr. Snaper has a patent for a pretty phenomenal fertilizer.
They were looking at using the fertilizer patent and giving CTDT a small ownership in their company thereby providing some cashflow to CTDT. They would also provide funding to CTDT to pursue the magnatek process with them gaining some ownership in CTDT. In addition to pursuing the Magna-tek process they wanted to pursue the idea of diamond doped capacitors. If Wechsler is indeed on the board and taken over as CEO then apparently they are moving forward.
This is pretty much all I know. Because they approached David first then he asked me to wait to give this time to develop. As I said I expected it to be done much sooner and I have no idea what the final outcome will be or why it is taking so long.
The good news is these guys do have business experience. They should be good for CTDT. I still have my full position and will not sell any. Management has been the real problem with this company and stock since the beginning. Actually putting some experienced business people in place should fix a lot of issues. Hopefully these guys can bring some structure and urgency. Time will tell. If not I still have some investors who have interest. I am confident in the technology and in Mr. Snapers desire to see this through. GLTA
I did not see anywhere that said GNCC was getting out of the mining business. They said they were not doing anymore mining acquisitions. Big difference. They are concentrating on bringing in companies with cash flow. Purchasing additional mining stakes would be a cash drain and contrary to their stated future goals. They will not be able to maximize the value of the mining claims if they are broke. They are working on fixing that issue first. If gold prices start climbing and they have a healthy balance sheet then they will be able to take advantage of the mining claims (in one way or another). JMHO
Imagine how much better Cspace could make this:
http://www.foxnews.com/health/2014/06/25/3d-mammograms-can-better-detect-invasive-cancers-reduce-call-back-rates/?intcmp=features
Hey Guys - I have been waiting to hear something for a while now and just got some information. The group that David Anthony was working with has gotten their funds together and things should be moving in the next couple of weeks. I don't know a lot of details but this is what I think I know. The initial funding will be enough to run the testing necessary in RI to get the formula finalized and also some sample product. LT should be working on the quarterly report soon. They will probably be spending some money to beef up the operational staff to help keep things functioning going forward. Something they have not had in the past. While the initial focus will be on the diamond production they do intend to use Snapers patent for semi-conductors. I believe there may be a few products they are looking at because they feel a little bit of diversity will help the short and long term success rate. I don't know what the products are exactly nor do I know the terms of the deal or if it will have any impact on operating share structure. It does look promising that share holders will begin getting some good news in the next few weeks. If it does not materialize I apologize for the false alarm but I have tried to limit what I share until I was fairly comfortable with the information. I think I have enough information to call this pretty credible. I sure hope so because this has been a frustrating ride. Best of luck to all.
My perception of the meeting:
What they did not do:
Roll out a prototype
Show off signed contracts for product
Get into the technical details of product development
What they did do:
Gave both a projection and timeline for funding
Gave a projection and timeline for product market entry
Had a Schott representative explain why Schott partnered with 3DIcon
Schott rep explained their due diligence and confidence in the technology
Schott rep explained how many of their products were funded through govt. grants
Explained the 3D market including types, technologies, companies , products and where each was
They were honest and straight forward but also gave no guarantees
Management seems to have a viable plan for bringing a cutting edge and viable product to market
It won’t happen next year
Bottom line – if you are looking for a ten-fold return this month go somewhere else. If you are looking for a future tech R&D company that seems to have a good plan in place and be well down the road in product development but still a few years away then the potential is here.
This was a well prepared presentation of the where the company is – nothing more, nothing less. There was no hype or promises. Just information which should help each person make their own personal decision on buying, selling or just staying put.
Mitch I don't have a PM subscription.
Agree Don - This stock will do nothing until it gets funded. The good news is the company will not go under because they have no debt and Mr. Snaper will keep paying the small bills. So for me it is a matter of waiting. If the one group falls through Mr. Anthony will re-invite my group. At some point I am confident something gets done. If it happens before the apocolypse is another question entirely LOL.
My understanding is the investors who got the warrants made their money a long time ago and moved on. I don't think Mr. Anthony is concerned about them at all. The key is what kind of deal this new group wants. The waiting is exasperating but I do believe they are a legitimate group and really want to put this thing together. Because I am not involved with this group I am also not privy to what type of package might be discussed. That concerns me a little because I was working on packages that protected all players including stock holders. I can't promise what might come out of this deal. I do know that Mr. Snaper was willing to give up a large portion of his holdings to put the deal together. If that is the direction they go (and Mr. Anthony has talked that way) then the share structure would remain the same. That is what I am hoping for. Keeping the low float in place will help drive the stock price if funding is secured. I also don't know if the are going for full funding or funding for phase 1 which would run the test to finalize the formula for full production. There is about a 2.5 million dollar difference between the two figures. Of course once phase 1 is done funding will be a no- brainer because Mr. Snaper will have product in hand and can show off both the product and procedure. GLTA
Hey guys - David Anthony did call me yesterday to let me know the 1 investor group is still working out their plan and offer. David has told them to speed it up. The good news is this group has some management experience including one of the leads who has built a profitable company and then sold it. This group came in the week before I had meetings set up for some of my investors so David has allowed them the luxury of putting their offer on the table before any others. Because of that I have had my group on hold. I believe that this first group will meet all the early requirements for the company so probably won't need any other investors for now but I am not sure. I have not been part of that discussion with them. I hope they do have all the funding in place because I think this group will help immensely with management of the organization. I know the wait is very frustrating. Hopefully we will know what this group has to offer soon.
I put a small order in earlier today at .015 just to see what would happen. It sat for about 5 minutes and then filled at the magic .014. Normally if you do that then a mm might fill the order at current pps but then they move the ask up a little.
For some reason VNDM is holding the stock down. They have had 10,000 shares on the L2 @ .014 all day and continue to print shares. Either they are hiding a sell order that is at least 1.7 million or they are deliberately holding the price down.
Mr. Snaper is more than willing to give up a chunk of his equity position if the deal is reasonable. That is not a concern.
The problem is how they did the project to begin with. They leased the equipment and spent all their money in the process. Most of the investors have requested a demonstration. They can't demonstrate it without some investment. That is why this has been difficult. I think it will get done but not with conventional funders.
Talked to Mr. Snaper yesterday. He was hoping he would have heard something by this week but said apparently there is still a lot of back and forth between Mr. Anthony and the other group. Hopefully this is good news. Sorry I don't have anything else to report yet. Will let everyone know if I hear anything.
Chemist - Mr. Snaper is funding the day to day operations as needed.
Also -Mitch there are a few others who Alvin says are capable of finalizing the formula and getting this to production so we are not completely at the mercy of his health.
JD I just sent you a reply. I have been tied up with board meetings this week at work. I am hoping we see a proposal early next week from the first investor group. I think they were a lot slower putting it together than David had hoped. We will see if they actually meet Davids deadline of Monday/Tuesday. Of course the proposal will not be done for a while even if CTDT accepts it so we still of some waiting.
Trust me I am not selling. I am buying :)
I hope nobody has automatic stop losses setup. MM's can see them and will take advantage. Never show your hand.
Can anyone explain what just happened?
You also have to look at things the way the real world operates. The 50 million shares for the employee plan for example. 50 million shares are not going to flood the market. The company filed the paperwork so they have the shares available to offer. Usually these incentives are earned over a period of time and also very often have vesting clauses. They will most likely be issued as warrant options and will accumulate for the employee over time. At periodic points certain warrants will be actionable but not all at once. The company is smarter than that. Just look at industry norms and expect similar instead of warning everybody that 50 million shares are going to be dumped on the open market. Caution is OK but over the top statements both positive and negative don't help anyone.
Management still needs to execute well and they still need to bring a final product to market. There is still risk here. However the fact that Schott has come in as a partner is a game changing event. There is no question they did thorough due diligence before putting their reputation on the line. They obviously believe the technology is attainable. They are a strong strategic fit and bring instant credibility and stability to 3DIcon. That should be obvious to anyone who bothers to take the time to read or research just a little. Before the JV announcement odds were long that this company would succeed. Those odds have shifted dramatically in their favor now.
There should never have been any question that if the technology was produced this would be a multi-dollar stock. The questions have always been A - Was management strong enough to get the job done B - Could they raise the necessary capital to fund to completion C - Could they successfully engineer the product. Apparently Schott believes the answer to all three questions is yes. Not only yes but "We will help you get there"!
Personal opinion is that Monday will be a good day and it will up solidly. A lot of people will see the news for the first time this weekend and move to get in on Monday. Also a lot of profit taking was done yesterday. Over 50 million shares have been traded since the news came out. That is over 25% of the float. There are still some who will be taking profit but it should slow down a lot.
I have not followed this board as closely as others but this is what I believe to have happened. The technology is incredible but the company was struggling to continue ops because of funding. They were paying bills with stock creating dilution. Most people here have always believed in the technology but were concerned that the company would not be able to finish a marketable product because of cash issues. That is one of the reasons this JV is so big. Funding will not be a problem now. This is a highly disruptive technology. It will make many products better and spawn a lot of new products and industries. It will change the way we watch things and look at things. This will not be a penny stock in the future. I would purchase and hold for the long term personally (I am :)) GLTU
Then go put your money there.
Quick Answer: 1 - They announced a joint venture partnership (yesterday see news section) with Schott Defense (think Carl Zeiss Optical). This gives enormous credibility and opens doors to defense grants for development to completion stage.
2 - The patented product is a highly disruptive technology. It will change the way we look at things (literally) in the future. It will spawn new products and make current products better.
3 - click on the "more messages" section and familiarize yourself with the product and company history.
Funding WILL NOT be a problem anymore. People here today are on the ground floor of a disruptive technology. Anyone holding should make a lot of money both short and long-term :)
Awesome - Thanks
Just curious - Would this kind of news be something that Schott would put out in a press release? I would expect they will have to report it to shareholders in some form of SEC filing paperwork. That could bring in a lot of new blood.
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But whatever you say - It is your money. GLTU
Maybe because over 1 billion shares have been shorted in the last two weeks. Check out the OTC short report. My guess is most of those shorts are still holding. So the facts support their statements about shorting. What do you think will happen if a positive news report makes this stock tick up? The shorts will start covering and trust me even with this stock over 1 billion in volume just for short covering will have a dramatic effect on the pps.
I find it interesting that in Penny Land shorts continually complain about the ethical practices of management (normally without any evidence of support) yet make their gains by making false or unsupported claims. In general I believe that most shorts have very little ability to analyze stocks or companies at all. They simply pick a stock, short it and then do all they can to undermine it regardless of potential. If they would take the same amount of time and effort to analyze a stock and perform DD on it properly they would probably be quite successful in the market. But alas making baseless statements, tricking, scaring and deceiving people is so much easier even if it mirrors the very practices they claim companies are following.
Accepting dilution or not: First you have to look at this management team. This is not their first rodeo. These guys have had success before. In most ventures like these the big wealth for management is in stock ownership and options. In other words it is to their advantage to build share holder value. I am sure they prefer to dilute as little as possible and only do so when it is in the long-term interest of the company. Company success builds shareholder value. If you don't trust the management to make the best decisions for the company then you should probably invest somewhere else. If on the other hand you believe it is a sound management team then you should accept the decisions they make including dilution as a necessary measure to ensure success in the long term.
Joint Venture
By the way - for those interested. Mr. Anthony does have a stake in the company. It is very important to him to get things put together and moving forward. Once they decided Mr. Prentice was not going to follow-through on his responsibilities Mr. Anthony got to work. I am confident he will continue to work until this thing is moving forward. I am anxiously awaiting the details of the offer he is working on. I believe it will be good for everyone including shareholders and allow us to move forward with further financing options.
I actually discussed that with him Mitch. He made it out to be pretty simple. Just a matter of doping the carbon with the appropriate substances based on what color he would want. The vessel size would stay the same (I think) but the carbon composition would be different.
Morning Brad
Nice 500K block at .031 for bid support. 3% of float :)
Management is working on a couple of things. I can't disclose much but can tell you (since LT eluded to it in his blog) the company is looking at utilizing another one of Mr. Snapers patents to help CTDT. I can't bring my investors to the table to work out a deal until the "deal" with the new product and the group interested in it is finalized. Hopefully this will be finished this month but I honestly don't know how long that process will take. Once that is done my group will sit down and see if we can put funding in place. From what I understand a lot of possible investors are now lining up to get in once the next stage is finished. Money will not be an issue after the next RI phase. My goal is to get the RI phase up and running. Might be a few months to get everything in place but I believe it will be very good once it is done. GLTA
Not sure what the hold-up is on the Q report. The filing is done and the XBRL agent has been paid. Hopefully it is up soon although it won't reveal anything new.
Couple of updates: LT has gotten a new xbrl agent and reports should be filed in next day or two. Hopefully it will be up by Monday. Say what you want about LT but he is the only one who consistently gets things done that need to get done.
I am expecting to hear something about one of the investor groups some time the middle of next week as long as they don't slip the timeline. It won't be deal details but it will hopefully be a yes or no (we want to play with you lets get this done).
I am still adding shares as I can. GLTA