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And what exactly do you think they got for this "hustle"? The people that made money on this stock were from previous management. The stock pps has dropped significantly since Snaper took over. It has been Snaper's money and the 600K investor that has funded the company for the last year plus. None of them have profited yet! As a matter of fact they are underwater at a much higher level than any of us. I can almost guarantee you that Snaper and those investors are well aware of this. They are apparently OK waiting until the next step in the company business plan can be started.
Actually that is not accurate. If you look at ALL of the required SEC filings since Snaper took over you will find a wealth of valuable information. Everything reported has either proven accurate or is still in process. Last filing said they needed to get funding. Pretty simple. It is obvious they are not going to say anything publicly until the funding is finalized. However they are still taking actions that are consistent with a company that fully expects to continue operations. Over the past year or longer people have questioned the validity of this company. Does Tabco really exist? Is there really a GIA report? If so where is it? Is there really a Magnatek machine? Every time someone researches facts like this they find out that everything the company has said is true. So the real question and only question at this point is will they get funding and at what terms. The company has no debt. Hence there is no rush to give the farm away in negotiations. So as shareholders we are and will be in the dark until they get the deal they want. If you fear they won't then perhaps you should sell. But remember that the upside here is far greater than the downside.
Actually most of the guessing and speculation has come from board members. Mostly silence from the company - which has led to that speculation. So the best thing to do is rely on your personal DD. If you have confidence in your DD you will hold. If you doubt your DD then you have a decision to make. Life is not complicated: Sell or hold. It is a personal decision and something that people should never let other posters influence. IMO
I don't disagree with you at all Big. The IR is atrocious and a completely forgotten part of the organization. I really think that the company never planned to fund through a stock offering. I believe they did not have any choice when they took over ownership. Currently shareholders are a burden to them and they just believe that if they get things rolling the stock price and thus shareholders will come out all right. Not the right attitude in my opinion and it could change but they currently have no need for shareholders and thus communications. It will be interesting to see what form financing takes because it may dictate just how actively they begin addressing shareholders.
I know many are nervous nor want to "buy" in or more of this stock. But time is getting short if you want in at these prices. With the chart set-up and float then ANY news will pop this thing and the good prices will be gone. I hope I can add a little more before then.
I have 525K and am under water currently like most. I think the LT thing is unfortunate but I believe it is more a personality clash between him and Prentice than anything. I get the impression Prentice does not think of him as either important or part of the operational plans of the company but Snaper likes him and utilizes him as his personal assistant. So Prentice put's up with him to a degree but only out of necessity. LT truly wants to inform shareholders and is excited about all the things he learns from Snaper. But Snaper really does not know some of the business dealings. So LT puts together pieces that he thinks are accurate and Prentice has know problem going against what LT says. It really will need to be fixed but I think when all is said and done then what LT envisioned will become reality. Just not in his timeline. Of course this is just my opinion. But I base this on years of working with start-ups. I find the fact that they don't hype to push stock price a very positive thing even if it is frustrating in the short term for shareholders. I hope all who have toiled here will profit handsomely in the future :)
One additional thought to follow-up on what JD said. They re-upped their biz license. They are also updating the website. All the current financial reports are posted so someone is taking care of that. Also look into Hotrod's tip about upgrading of electrical/power to the building. Nothing has changed about this companies potential. They are slow but they are working. They get an F for investor relations but I will take the F as long as they wrap up funding properly and don't spill important information before they are ready to roll. I am holding long and expect to do quite well here :)
Also: Brian Kerrison
Diamond Industry Marketing Advisor
Just a thought for some of you who are nervous. See if you can get a few names from LT of Executive Committee members and try to contact them. You may have better success than with Prentice. These guys are very familiar with the company and the plans. I am content waiting but if you are not then search for some answers :) Or contact one of the specialist advisors:
John Davies, Ph.D. - Physics Advisor
John Davies has a distinguished career in development of technologies including geo-electric instruments, pattern recognition and prediction, signal decomposition and processing and novel material compositions with patenting and copyrights. He holds a B.Sc. in physics and Mathematics from the University College of Wales and a M.S. in geophysics from the California Institute of Technology in Pasadena. He holds a Ph.D. in Geophysics and Astronomy from the University of British Columbia, Canada.
His clients include British Petroleum, State of Nevada, Cominco, Government of British Columbia, Amoco, USAF, ARPA, Bank of America and numerous universities in the US and Canada.
Arthur Ackeroyd, P.E (Elec.)
Arthur Ackeroyd has a long and varied career in fields of electrical engineering. He was flight test engineer for Lockheed Georgia involved with introduction of new aircraft into military applications with focus on avionic systems and flight controls. He was in senior management at Emerson Electric with focus on development of new business opportunities in the aerospace and communications industries.
At Bendix Aerospace he was marketing manager responsible for 7 European divisions. His product range responsibilities included guidance and flight control systems, chemical and environmental systems, biological and meteorological systems and army field communications. Thereafter he established a UK based consultancy, TMS International, and developed business interests in many areas worldwide including the UK, Nigeria, Bangladesh, Sri Lanka and America.
Because they have a business plan they intend to execute. Just because they have not revealed things to shareholders does not mean they don't have a specific plan they are following. Their goal is to mass produce diamonds not sell the rights. They believe they are capable of doing it. Time will tell but if they are able to move the machines to Vegas and start production the stock will be worth much more than $3.00 per share IMO.
They have an advisory board made up of business leaders. LT refers to it as the Executive Committee.
Personally I am not buying it. I could get funding for this in my sleep. There is a reason this has and continues to be delayed.
Blog post is up
I e-mailed him this afternoon. He has had a little bit of time since you contacted him.
LT told me he is starting to get info but cannot share it yet. He expects to be in Vegas for a meeting in a week "give or take". He said he is doing a lot of work but did not share the nature of the work. I believe this to be all positives.
Rule #2 - Always read posts carefully and try to determine the intent of the poster. Don't interpret it the way you want to. E-mail and board postings can easily present emotions and intentions that are not meant nor accurately portray the desired message.
Or more :) You included Chemist. But you will need to buy back in.
You lose all credibility when you grossly exaggerate such as calling the CEO 100. If you stick to facts you might have a more meaningful argument. Unfortunately for you the facts don't support your position so you resort to hyperbole. I hope you don't invest the same way because it will be more miss than hit. IMO Go CTDT and GLTA
ferroxian@gmail.com
I just e-mailed LT and he did confirm that he is in fact back as the IR rep. I think this is good news for a few reasons. First LT has always tried to look out for shareholders and get news to us. Second, I think that probably means they are very close to moving forward. JMO of course.
It has not been that long since the 10Q was out. Everyone knows the company has to finalize funding. If you look at the balance sheet they don't have enough cash to even do a PR. NOTHING will happen until the funding deal is completely finalized. Once it is done they can start executing their business plan. Most of the longs are still here. They are just waiting and not posting as much. If you want some ideas of what the company will be doing once they have funding then read the 10Q and 10K's. They have a lot of info on the business operations planned. Also check out the website. For starters read:
Product Development Team
Chief Science Officer
Alvin A, Snaper, P.E.
The Chief Science Officer will manage Centaurus Technologies development and refinement of proprietary production technologies. Additional responsibilities include; the supervision of all scientific activities, fabrication and installation of facilities and equipment, hiring of technical personnel and the implementation of ongoing research and product development.
Scientists
The Scientists will assist the Senior Scientist in the development and refinement of Centaurus Technologies proprietary production technologies. Additional Scientists are anticipated to be hired once full scale production is achieved and the management of multiple production machines will be required.
Engineers
The Engineers will assist the Senior Engineer in managing the design, development, implementation and analysis of the Company’s technical systems.
Specialists
The Specialists will ensure the proper management and operational flow of the Company’s synthetic diamond production. The various types of Specialists will be determined by the Chief Science Officer as the Company’s proprietary production technology is refined and perfected during Year 1.
We are waiting for Year 1 kickoff. When it comes it will be very good. GLTA
Some are still adding as they get powder. I am continuing to accumulate as I can. Some others are probably like JD - comfortable with their positions for now.
But the only way the float could be higher is if the family members shares are actually out in the public. They should have had to file paperwork if this is true.
That is what I was trying to verify. If that number is correct then the float is 18.98 million which is the assumption we have been operating under. I have over 19 million shares added up according to our longs here. I suspect a 500K holder has sold which would bring my total to right at 18.9 million shares. So people here are either over reporting or flipping creating the currently available shares. As stated earlier though - the block this morning could only have come from a few people and based on responses the only one left as a possible is Joey. If Joey did not sell then something is just not right here. Those shares could only come from a few places. IHUB board members, Mr. Snaper or relatives (but they should have to file paperwork) or ?
Called the Transfer agent and they would not give me any information other than "yes we are the transfer agent". Said I would need to call the company to get the stock breakdown. I cannot remember why the float is 18.9 and where the other roughly 10mil shares are.
I have an average pps of .041 and am very happy with that. They are almost 2/3rds better. Very nice for them. I am hoping it was not MM's looking to flip though. That would suck eggs for all of us.
I agree NEO. Things don't add up for board members to have done this. Looks like something else IMO.
Also have to look at last weeks volume. Not enough to significantly build your totals and I was 125k of that volume last week. I just don't think there are many others who could have added enough to get to 860K. Add in that they would be selling at a loss it just does not make sense.
It is not really a question of whether the stock is locked up or not. The fact is there was one trade for 860K. Where did the shares come from. It cannot have been a composite of lots of traders. It was one trade. Only a handful of people hold enough shares to sell a block that big so if nobody says they did then where did the shares come from? Last counts I had then Hotrod, Bradlee, Joey, Wymont, and Pony had blocks that big. Bigllc said he is down to about 640K. I have 500K. Last count I had then I had Billiam at 668K, Naval at 600K, VC 435K, JDWarrior 400K with numbers decreasing from there. These people may have added but were they able to add enough and if so why add only to sell? I think someone needs to call the TA and verify the float is still 18K.
They are not issued yet Bradlee.
Only a few people with that many shares - Hotrod, Bradlee, Pony - all in the millions. Billiam, Wymont and Joey are close. I don't think anyone else has over 800K. Something seems off here.
I agree Wymont- I went through every fund held by SEI and they don't have a CIK code close to CTDT's. Not saying it was not a total mistake but I am not completely closing the door either. Regardless we do know funding is coming!
I expect sooner rather than later but missed dates seems to tear this board up. lol Everything always takes longer than planned for regardless of what it is or how well planned.
Dowrite - the stock is locked down too tight to be able to manipulate it much now. I recommend you get out of your short position as quick as possible. Go long, sit back patiently and make back what you have lost in other plays. It should not be a long wait probably no more than 30 - 40 days.
Then you would be failing miserably LOL - I hope you do put a little back in and make a lot from it.
Love the 300 share trade at .028 - someone is working to hold this down.
I think you are safe at .50 - two things working for you. Low/tight float and the .75 warrants due next year. This thing could move so fast that you are way past .50 before you have time to place a sell order :)