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It's been a long frustrating time...this past year.
$.14 6 weeks ago:
$.20 in late March:
$.25 mid-December:
$.30 a year ago.
Those prices were all with the hope CTGI would survive.
Getting to a quarter will be easy....from there LTCI and
CCTI will have to deliver.
You're correct.....from 7 cents to a quarter will happen
in a heart-beat once these administrative steps have occurred.
We all know the current 6-8 cent pps is the on-the-fence price
waiting for confirmation of survival. Sounds like that's a few
weeks away from becoming a fact after today's good news. The CCTI spin-off will give us (current CTGI shhrs) another opportunity to
participate in an exciting growth technology. Maybe maddog can
suggest a valuation for CCTI, but assuming a starting pps of only
8 cents and the above mentioned quarter for LTCI, we'll have a
$.33 base from which to see dynamic growth. Then only a triple
gets us to a dollar.
The second mouse gets the cheese. I think that's going
to be CTGI/LTC/CCTI.
LTCI and LTCC are taken. LTC Holding or LTCH is available.
It's been a long wait......tonight I'll get the best night's
sleep I've had in 5 months. Special thanks to ninja, maddog and
lm for their research & intelligent posts. And congrats to those
who acquired more shares on the cheap. Cheers!
Another advantage of being on AMEX is that it is more difficult to short a stock. (I don't know enough to explain why).
After CSMG's pps is up to $1.00 due substance, not hype, I would
encourage the r/s. The negative stigma of r/s has somewhat
eased since both Citibank (1for5) and AIG(1for20?)both successfully reversed. Having the interest of fund managers
who only consider stocks over $5 would be terrific.
CTGI's / LTC's early funding came from Empire Financial.
Sometime in 2007, Empire acquired Jesup Lamont Securities
and then in late 2007, Empire changed their name to Jesup
Lamont, Inc. Legally, a sub was probably created for the securities/trading activity.
Great posting today!!
12 posts all intelligent and
cautiously hopeful.
Thanks pole,slo,rob,lm,ovid,ypsi,gam,
and ,of course, ninja.
Plot thickens indeed!! It appears, as we hoped & speculated, the new LTC team has been busy behind the scenes while their parent
(CSMG Tech) gets their act together. (ie, file fin'ls, resolve
claims, arrange working capital funding, etc).
Thanks for your encouraging find Ninja!! You made my day!
turbo, Lowman forgot to mention 3 high potential
sub penny stocks.....hfbg, pdmi, & imzj.
Survey: State regulators showing less faith in renewables, more in clean coal
Monday, June 07, 2010 3:54 PM ET
State regulators are banking less on renewable energy and more on clean coal technology to achieve greenhouse gas reductions, according to Deloitte's annual survey of state utility commissioners.
In the "2010 State Utility Commissioner Survey," released June 7, 40% of state regulators said they believe renewable power sources are moderately or extremely effective in reducing emissions. That marks a dramatic drop from a year ago, when 76% of regulators said they believed renewables to be at least a moderately effective way of reducing emissions.
Regulators' faith in carbon capture and sequestration technology, meanwhile, surged this year, with nearly 62% of state commissioners ranking the technology as extremely or moderately effective. Only 44% of regulators described clean coal technology as effective in last year's survey.
Deloitte energy and resources regulatory policy leader Branko Terzic, who conducted the survey by e-mail earlier this spring, said he believes the rise of carbon capture technology and fall of renewables are directly related.
"I think more regulators now have more experience watching the renewables market and are realizing that expanding renewables is a little more difficult than they first thought," said Terzic, a former FERC commissioner who previously served on the Wisconsin Public Service Commission. "I think more and more people are also understanding that the wind just doesn't blow as much we think it does."
Siting wind and solar power plants has become just as difficult as siting any other plant, he said, and transmission linking up to remote renewable resources has proved costly and controversial. In fact, regulators identified the high price to consumers as the largest barrier to renewable energy adoption, with transmission constraints ranking second.
Consumers, meanwhile, appear less willing to subsidize "cleaner" energy resources. More than a third of regulators, or 34%, said they believe electricity customers would not accept a rate increase to mitigate greenhouse gas emissions, compared with 23.3% in 2009. The percentage of regulators who felt consumers would support an increase in costs of up to 5% annually fell from 55.3% in 2009 to 34.3%.
And yet nearly all regulators surveyed agreed that the cost of residential electricity is bound to rise next year, with environmental compliance accounting for the bulk of that increase.
The disconnect between consumers' unwillingness to pay more and the inevitable increase in electricity costs has an increasing number of utility commissioners looking into time-of-use rates. According to the survey, 60% of regulators surveyed said their states are considering time-of-day rates, and nearly 83% said those types of rates need to be considered.
"The message here is that I think regulators are pretty on the ball as to what needs to happen for us to be able to tolerate increasing costs and, at the same time, not have a consumer rebellion," Terzik said.
"The only way you can square the circle between costs going up and the concern about rate impact is to look at the bill impact and say, 'The only way I can have higher prices and keep bills the same is if people use less.' And they're only going to use less if we send them the time-of-day signal," he said.
That also has prompted regulators to eye potentially less expensive alternatives to renewable power generation, such as small-scale nuclear power and clean coal technology, Terzic said.
Nearly 63% of those polled said small nuclear reactors, thought to be less costly and time-consuming than building larger, more traditional nuclear power plants, would be an "attractive alternative."
Copied from another message board.
Thanks to whom ever is the last minute buyer at the ask!
Ninja....thanks for your keen reseach into ADES's 10q and
finding remarks that appear to apply CCTI's adsorbent. Hopefully
a CTGI PR will soon elaborate on ADES's successful testing.
I recommend everyone watch CNBC's "CARBON HUNTERS".
While many argue over climate change, the smart investors
are aleady buying & trading carbon credits. The next scheduled
showings are Thursday 10 pm est and early Friday at 1 am est.
Ninja & MD,
After reading your & MD's posts I see why
you're thinking two bucks.
Thanks SS...we needed that!!
Thanks yspi. I think DR may have protected the Company from a hostile take-over. The sudden jump in shares o/s probably were shares issued to management (DR’s estate) members to assure management controlled over 50% the outstanding shares. Don, Bruce, & Bob no doubt now have over 37M shares. Kutz & Hohauser may be included too.
>silence that kills
Yes! Maybe yeaterday's & today's trading activity
will encourage management to issue either an update
letter to shhrs or a PR. Just to know that plans are
developing (albeit slowly), would be price supportive.
I wish I was the buyer...134,000 shs were bought for only $6.2k.
By Thanksgiving those shares will be worth over $100k or as ninja
indicated, maybe $200k.
Wicked manipulation is probably the doings of the MMs trying to
scare us into dumping our shares so they can buy them on the cheap
before the pps jumps on merit. wish this abuse could be proven.
As someone posted yesterday, it could also be Allison or GBT
dumping.
>Drive ye of little faith. Sorry wasn't me that sold
We didn't think you would really sell, however, didn't you have
buy orders in at a nickel? Didn't you get those 42,500 shares
that sold for 4 cents? I wish I did!
SLOman.....I think your time estimate is more accurate
than ext55's. I had hoped we'd see a PR last week, but I'll remain
patient. Waiting another 2 weeks or even 2 months will be well worth the the current frustration.
My palm reader says paps is correct!
50,500 shs traded within 30 seconds. Someone needed $6 grand
cash.
Great post mps!!! Thanks for sharing that experience.
Yes, Strange Coincidence indeed, that the J-L John (Ken) Hendrick is not the Ken Hendrick (a CPA) who briefly served as CSMG's interim CFO. I'm anxiuos to hear who our new mystery lady CFO is.
Got-it....thanks.
The monthly salary nut might be around $50k and there are some immediate one time expenses to get 10-Ks filed and payment to U of Ottawa. So a $400k (est) line-of credit bridge could provide funding for several months. Again, this assumes that J-L wants an IPO sooner than later. I’m thinking in J-L’s shoes, not CSMG’s
Good points and discussion rocket & MD.
Jesup-Lamont, having already funded about $8M and
knowing that the $8M gets paid back in LTC shares at 50% of
the IPO price, J-L's bridge is likely to be just a few $100k,
enough to meet current cash-flow requirements to achieve an
aggressive business plan, which would include an IPO later this year. I do like your suggestion that J-L provide a $10M bridge
and then do a larger IPO 2 or 3 years down the road, but I doubt J-L prefers that option.
Actually the new team has been working for free & stock (in LTC)and soon will have handsome salaries too. A team this excellent doesn't come cheap....however, they already had nice salaries, therefore, they are working for the stock and the over-night wealth that comes with an IPO. Therefore, they wouldn't have joined LTC, unless they knew they were going to succeed. That means they already have established relationships that will become partnerships, license agreements, orders for devices, and future orders. And then there's Jesup-Lamont who is anxious to get a return on their $8 million investment via an IPO for LTC.
J-L is no DSF firm, No doubt they want CSMG Tech to get their financial filings current as soon as possible and then additional funding will be made available. (And J-L wouldn't put more $$ on the table unless they also were convinced of the pending success of LTC).
In summary,et55, your investment strategy is correct. Buy more on the dips. Now that tax day has passed, I imagine the accountants and attorneys will get CTGI's financials completed in the next few weeks. Then look for 10-k filings and a PR. I'm hoping for a PR the first week in May. So we have a couple of weeks to buy before your & maddog's rocket launches.
Good find gam & paps.....every little bit helps!!
Nothing yet on Schwab nor google finance
Wish CCTI's solid amine compound re-breathing device was
at the commercial stage so we could help in the rescue of
the West Virginia coal miners.
It appears from the limited info (PRs) we have, that the new team in employed by LTC. They are incentivized to make LTC succeed, not CTGI. They probably have already received shares of LTC . The funding (from Empire) is for LTC. Empire’s pay-back will come from an IPO of LTC, which will then be a partially owned (33%?) subsidiary of CTGI. LTC owes money to CTGI for loans & services previously provided by CTGI. As LTC pays back CTGI (from bridge loan), accountants & attorney’s can then be paid to file 10Ks for 2008 and 2009 and then move back onto the OTCBB.
After LTC’s IPO, their stock will trade independently from CTGI’s. Hopefully, the next PR will give us more insight on the bridge financing and timing of an IPO, but I would think Empire would want it to happen sooner than later.
well said, ninja, well said!
Yahoo Finance pickup the 8-k SEC filing rather than
the PR as did Schwab. Google Finance reported the PR.
At the bottom of the PR, CTGI was referenced. It made
have been added by GF.
http://finance.yahoo.com/q?s=CTGI.PK
From GF:
http://www.tradingmarkets.com/news/stock-alert/ctgi_csmg-technologies-inc-engages-new-team-to-manage-live-tissue-connect-inc--874628.html
IHub's Level2 show the same $.17 UBSS and $.1999 Nite.
The next bid is $.077 Nite and the next
asks are:
$.21 UBSS
$.42 LABS
$.55 ETMM & HDSN
Yes, good to see your post Maddog!
What a great team! Also check-out Smith & Nephew's site.
http://www.smithandnephew.com/
Now we can understand why it took so long to get to this
point & issue a PR. A deal had to reached with each individual
executive. And, obviously the PR has been issued sooner than
management would have liked, as the new CFO is probably submitting
her resignation notice to her current employer today.
Piazza (love that name) and Bandy probably have deals (new business partners) already lined up. But now we'll just have to continue to wait on more PRs. But we can at least have comfort knowing that CSMG is moving forward aggressively.
Then at 9:45 all the bids & asks popped in.
Best bid $.07.............best ask $.1998 & .1999
Then the ask jumps to $.42
I find it encouraging that after the $.1499, the ask jumps to
$.42. Maybe we'll blow past the $.32 year high soon.
What was the final L2?