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10K laid out the marketing strategy. I think they already have their channel partners in place and know how much volume they will need to produce to satisfy these channels initially. LT always said he wanted the company to get 5 machines but they decided that 3 could handle initial requirements. I know a lot of people are skeptical but I believe these guys know exactly what they are doing and have a very specific plan.
Share count - 17.7 million confirmed Several board members I have no counts for or very old counts so I am not including them but I think it is safe to assume at least another .7 considering the board members and old counts I do have. The 17.7 million figure is actually just over 93% of the float (way above the 70% mark). That is including your shares MBAMann which I hope you hold onto and make LOTS of money on even if you are skeptical. GLTA
I will continue to update as people give me numbers. These confirmed numbers are all as of 7/17 or later.
Thats OK - 4000 could worth a lot of smack,doe,bread,greenbacks ... down the road.
Thanks Jay - I thought that was the case. I will adjust accordingly. Others on the list had to have sold also because I have more shares than the float adding them all in now.
Total Shares update:
15.842 million confirmed
2.730 million not updated yet (Q,BigLLC,Aroque,Pepsuro,JaymanNYC,and Capitalstock)
Other board members I have no totals for:
IntheGreen, JohnLanston, Chsmoke, Willbone, Zamochit, KKpennies,ThePSA, Neo
If any of you would like to send me totals I will be happy to add them in. You can PM them if you prefer. If you don't care too that is fine also.
GLTA
Hey how is that for dilution lol
Pretty simple to understand - The 10K discussed the financial position of the company through March 31st. The company began financing discussions in late April early May but were not completed prior to 10K filing so not included as follow-up information. IF you believe Snaper and Prentice then the financing is well underway and they are not concerned about it. If you think they are scamming then you should not only be concerned but there should be no reason to continue to follow the stock - IMO
GL
Currently confirmed - 15,461 million
Unconfirmed - 2,987 million (Q,BigLLC,JayEl,Aroque,Pepsuro,JaymanNYC and Capitalstock)
Several on board who I know hold shares but have no numbers.
Will continue to update as I get confirms.
You are welcome - Just remember the estimate is only as good as the input.
VC - according to LT the margins are around 500%. The marketing analysis in the 10K and website says that industrial diamonds go for $30 to $300 per carat. If the margins are really 500% that would mean the cost would be $6 to $7 on the low end and about $60 per carat on the high end. Of course this is just based on info they provided and extrapolating the data. Not sure if it is accurate at all LOL.
Also if these numbers are still accurate I would say we have definitely reached bottom. The shareholders I have verified and many of the non-verified totals are solid longs. If we ALL just stop selling and hit the ask we should climb fairly steadily back up. By doing that we will also clear out the shorts quickly and the flippers too. Let's completely lock the float down while pushing price up. Once funding news hits this thing will go skyward :) IMO
OK - I have 14.765 newly confirmed shares.
Then I have 3.610 million unconfirmed - Not sure if these people added or if a few of them sold:
Q, Jayel, BigLLC, Theden88, Aroque, Pepsuro, Tender_DP, JaymanNYC, Capitalstocks, BigDaddy
I have totals for each of these people from earlier just need confirmation nothing changed.
I also know a few people on the board with positions but have know idea how much.
This list is comprised of 32 shareholders. There were 47 on record at the 10K filing. I know of a few who left and also several who came in. Bottom line is if the numbers above are accurate we are holding 18.375 of the float with many shareholders not included in the count. I doubt many will be able to add significant blocks to their positions without pushing pps up.
I will continue to verify the numbers as more people update me. People can also PM me if they prefer.
GLTA
I would be happy to update the stock numbers if people would like to update me. I know of about 1 million shares that have been sold. But there may be more. I also know a lot have said they added to their positions but I don't know how much. So send me totals if you would like - If you have family or friends not on the loop please include their totals with yours. TIA - I will post the tally periodically as I get it.
Prentice has the background and experience navigating the diamond world along with the connections. His resume' made him a good fit.
READ the 10K - The accounting firm (not the company) says "While the Company is attempting to commence operations, further implement its business plan and generate sufficient revenues..." This is the accounting firm responsible for auditing the 10K. They recognize the stage the company is moving into. NO R&D - they are ready to go into production. They have to finalize funding. It is that simple. Don't overthink it. If you don't think they can get funding then worry. Otherwise relax. I have gotten 4 million in funding offers from more than a half dozen banks for a fish farm in the past. If the technology is viable they won't have trouble putting a deal together for 3 million. It just takes time.
There are many ways to do creative financing. I would guess that is why the process is taking a little longer than planned. Mr. Snaper as said multiple times there will not be any dilution. I am sure they are close and whatever the type of funding it is it will be good for the stock and all involved.
What you did or did not do with your stock position has no bearing on the statement you made.
Sorry - I can't let this one go. An 82 year old who owns 60% of the company who is personally funding the company and has never pumped the stock even though it is sitting in the cellar and has a stellar reputation to this date. Can you please explain to me what could possible motivate him to lie? Use logic please. You think he has a personal vendetta against the 47 shareholders of record? Seriously use your brain.
Been saying this for weeks: The company is still working on the funding. As Bradlee shared with us and his conversation with Prentice - They hope to wrap it up in August and announce in September - possibly in the 10Q. Funding is the key that will kick everything off. Read note 3 in the accounting portion of the 10K - part of it says "While the Company is attempting to commence operations, further implement its business plan and generate sufficient revenues, the Company’s cash position, if any, may not be sufficient enough to support the Company’s daily operations." While this statement is required for accounting purposes it clearly states company "Is attempting to commence operations and execute it's business plan". Don't let the 10K language make you think they are still an R&D company. All of those statements are pre-March 31. This company is ready to rock and roll. They just need time to get the funding positioned properly. They know they need 3 million and they know WHY they need 3 million. They lay out their distribution plans and marketing plans. They address planned revenues and potential revenues and they explain why their process is so much better than anything else available. This is a game changing technology. I continue to recommend anyone who is able to accumulate - As Snaper said "this company is bullish". Those who hold patiently will be richly rewarded - IMO GLTA
I think the 3 million is more for production. They need to purchase and move machines and staff up the organization. That will take a lot of money. They have been able to do R&D on a shoestring and I don't see why they would suddenly need millions to continue. The fact that the 10K clearly states the 3 million figure indicates to me that they are very deep in the process and really are looking at ramping up for production.
ON KEEPING INVESTORS INFORMED - I would really like to see a monthly update of company proceedings. Either a written update to shareholders or a monthly tele-conference. Many companies do this and it does not take a lot. It would be more effective in getting the company to agree to it if a letter were sent signed by shareholders.
Hotrod - I know you are a lawyer - Not sure if you would be willing to draft a letter on behalf of shareholders requesting this. Not a threatening letter but a way to open up the communications channels and hopefully reduce shareholder angst and reduce calls into the Las Vegas office as well. The company can update us on key things or just say "we are still continuing to negotiate funding". Just that little bit of information would calm investors and stabilize the stock pps. Hotrod if you don't have time or would rather not draft the letter then I could do it but coming from an attorney might make it more official. Especially such a large shareholder. Anyone that is comfortable could send there name to Hotrod to include in the letter as a signee.
Please let me know what you guys think of this. I will pursue it if enough people are favorable.
Pretty impressed with the mature way most are looking at this. Not many doomsdayers. I for one think this is exactly what they needed to put out. I do appreciate the added info from Bradlee's conversation with Mr. Prentice. 10K laid out the supply and marketing channels fairly well. It was something I had been wondering about. Also the fact that they will be looking into licensing of the process for other applications. That could bring enormous profits. I had a suspicion funding was the hold-up and probably has created a lot of the delay and lack of info. I am sure they have been working on it for some time and hopefully Mr. Prentice is accurate with the August time-frame and September notification. I am sure there is a lot more to the story that they simply cannot or feel is not good business to devulge right now. Prices are really good. This is a great time to load more and average down.
Spot on Chsmoke - Prentice and Snaper are very deliberate and will build the company accordingly. I do believe that most of what LT has said will ultimately prove correct but "out of synch" with company development is an excellent way to explain it.
I am sure some will sell based on this 10K - I hope I can move some funds and take advantage of it. Just a few points - 10K is only through March 31, as others have said. There is some operational info in here that has not been shared before. As stated this 10K does lay the foundation for all future ops. The funding issue is key. Do they already have a line on funding? Process works but they need to determine how to mass manufacture - That is reasonable. I am sure they have their plans on how they expect to do this. I will delve deeper into the 10K later this evening. I have to go out but overall I did not expect much else. It really is the follow-on information that is needed and will determine where this goes. I do have an idea on a way to help get that going. I will pitch to board members later. Have to run for now.
Agree Billiam. They can dilute a little but not much without Snaper losing control. I just don't see that happening.
No it is not. It actually supports some of my thoughts on what is going on.
WOW JAY - you mean a simple phone call confirmed that BB is wrong in his assessment. Isn't it amazing how easy that was. Maybe he has an ulterior motive - cheap shares?
By the way thanks for calling Jay!
If you can't stand the heat get outta the kitchen. I have not lost a penny because I don't sell on emotion nor do I invest on hype. Do some DD.
Why don't you do that? Pick up the phone and do a little DD. Earn the right to speak so boldly.
Rather that calling you a fool I will simply remind you of some of your prior posts. CTDT soon to go kaching! Seems to me I have only seen you pop up once and a while to make some silly little comment about how CTDT was going to POP. Never any solid evidence to support the theory just basic emotional cheerleading. Now you are just the opposite. A unstable person will never consistently be successful in the market. That my friend is from "the fool".
Apparently you - and know it seems you are trying to scare some cheap shares into your hands. Is that you bid sitting for 125K?
Snaper said he signed it Friday. I have no reason to believe it won't be at SEC today - once at the the SEC it can take up to 48 hours to post.
Another option is Mr. Snaper sells his controlling interest and Mr. Prentice takes over management for the new company. It is Mr. Prentice who has all the connections. Again this could be very good for shareholders. A strong parent company overlooking operations. Stock pps would skyrocket under this kind of scenario.
Could be they are handing the reigns over. That could explain letting LT go and an auditor that really put them through the ringer. If it happens I am sure it will be for a very good sum of money. Next question would be if it is an all cash transaction meaning shareholders are completely out at that point or a stock transaction. If that happens then who would the new company be and what kind of shares would we have if we decided to hold. I don't think any of us would be disappointed with either scenario. Of course licensing of the patent is another option and again that could prove very lucrative for shareholders. I guess we find out soon.
There are two types of people I am waiting to see start crying soon -
The shorts that bash to try to drive price down. I can't wait to see them scrambling and clawing all over each other as they try to get filled before repossession man comes knocking.
The morons that bash the stock with lies that see this thing go dollarland while they have ZERO invested in it when they could have bought in at .02. Oh what could have been :)
Real life justice is the best kind of all.
My guess is they added a lot of new information. That is why it needed to be re-audited. It is a lot cheaper to include in this filing rather than have an additional filing later and/or PR's. Not saying they won't have to do these things but the more they get in the 10K the less they have to pay for the others.
Picked up a little more also. Nice to see shares going into stronger hands. It will make this more stable as it starts moving back up. Also make the move up faster. I think we have to clear out some flippers but once this starts popping they wont be able to keep rinsing and repeating. GLTA and get ready for fun times :)
Probably but could be out pre-market Monday. If you want more shares this might be the best time to get them.
The company outta give him some shares. He has poured a lot of himself into the company. Take care of him!