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And FWIW I like LT. I think he really wants to be part of CTDT and I think he really tried hard to take care of shareholders. I just personally think that Mr. Snaper likes LT and was comfortable with him but Mr. Prentice was not. I hope LT does not go completely away. In my opinion he has earned the right to see CTDT go skyward.
No not at all. I think LT believes everything he has shared. I just don't think he has been privy to the complete picture. I think sometimes he has filled in the dots and probably not done a good job of it. He gets info from the Snaper side of the company and a few of the executive committee meetings. I am sure he hears bits and pieces of what is happening about some things. He is probably quite accurate with his statements about the technology side of the business because he works with Snaper. He probably does not have a great amount of detail on the business side. I really don't think Prentice has ever taken him seriously but that is just my opinion. As an example: He assumed a PR plan would come out because he presented it to the execomm and they liked it. But he has no authority to put one together yet he told shareholders it was coming. The only way it would get approved is if it fell within the strategic plans that Mr. Prentice has for the company. Wishing that Mr. Prentice would approve it or thinking that he should is not sufficient to tell shareholders it is coming. Having the excomm tell him the plan looked good is not a good reason to tell shareholders it is coming. I fully believe he meant well but is simply not in the proper loop to make those kind of statements. It is his statements and then the lack of follow-through by company that has completely frustrated investors. But everyone has assumed that he had authority or go-ahead to make those statements. I don't think he did. At least not from Prentice. That is why Prentice sent him home. That is why Prentice has removed the blog and now LT. Perhaps we will get less information but the information we get should be accurate. Accurate information will only help pps.
All IMO of course ;)
This is who LT is. He is a geek and understands "potential" in what Mr. Snaper does. I don't think he ever truly was an insider at CTDT. By that I mean Mr. Prentice has always been the guy steering the company and putting the strategic plan in place. LT was Snaper's friend and thus he got bits and pieces. He made projections and fantasized about the future and Snaper allowed him to do this on the blog. With the company securing funding, going into production and beginning to execute the strategic plan the blog was both too risky and too haphazard. In short it simply is not a professional manner of communicating with shareholders. LT owns the blog and still has a lot of knowledge about the industry and technology. He will continue to post on the blog a lot of information that interest him. While it may be applicable to the industry at large it will not be CTDT specific. LT's last paid gig as a sub-contractor is finalizing the filing of the 10K and informing shareholders that is done. He keeps updating the blog about it because shareholders keep calling him and asking him for status. He will tells us when it is done and then he will have no official capacity with the company. I wish him the best but also believe this to be good business on the part of CTDT.
IMO
Everything dealing with what the company can do, its products, processes, etc. I think it means CTDT management is getting serious now and believe it to be a very good sign. Good things coming IMO
Update on 10K on blog - looks like it is close. Interesting that it is close to done after the pps drops to .02 and we have over 2 million shares trade - just sayin
Just a thought - Originally LT said the he was not able to include the funding in the 10K and get it in by July 1 so he left it out and thus there would be a need for an 8K. What would create the difficulty and slow down a 10K this much if the financials were basically done. I am thinking adding of new information. Perhaps in order to eliminate the need for a follow-up 8K then management has been working on getting funding or additional material changes added to the 10K. Just speculation but it could explain a lot and perhaps make the 10K a more impactful document.
I have wondered the same thing Neo.
Thanks Pacrat - I apologize for coming across harsh sometimes. I let my frustration get the best of me occasionally. Face to face is always better than written words. Easy to take written words out of context. I sincerely hope everyone on this board (minus the bashing visitors) does well with there investment.
So why not complain about Snaper he is the CEO and responsible for everything? I just don't think we have any idea of what kind of things they are working on and what they are getting done. It is way to early to point fingers or pass judgement. They have been an R&D company for the past year. They had to clean up the mess that sweetwater created - That includes reestablishing credibility with a lot of companies and people you hope to do business with. They have managed to keep the company in the black while bringing it to the point of going into production. They have paid bills, coordinated operations between multiple locations and from pre-liminary reports are at least negotiating financing for the next stage of operations. This with a couple of full-time and couple of part-time people. It could be that Prentice is not up to the task. I really don't know. I just don't understand why people keep pointing fingers at him and even accusing him of deliberately sabotaging the company. I really don't think that Mr. Snaper would have kept Mr. Prentice around if he was not confident in the actions he was taking and the direction he was guiding the company. Bottom line is we don't know much and so we speculate which leads to more speculation. There are hundreds of tasks that need to be accomplished at this stage of a companies development. It was LT's job to get the 10K done (I assume so Mr. Prentice and others could focus on other things). Apparently it did not meet muster since the auditor has required a lot more information. I have always appreciated LT and his desire to keep shareholders informed. But most of the mis-information has come from him. I have no evidence that Mr. Prentice has screwed anything up. The only evidence I have is that he apparently wanted a much tighter 10K and he does not like the blog. I believe those are both sound business decisions. His desire to keep information tight is also a sound business decision even if it is frustrating to shareholders. There are a lot of companies and players that would take advantage of CTDT if they could. The fact that Mr. Prentice is protective at this stage of operations should be applauded. This company has the potential to hurt a lot of people and disrupt a lot of markets. First order of business should be security. Hang in there everyone. I for one firmly believe this is a big board ticker in the making.
10K is still not done according to LT and blog:
Just received a very brief note - 10-K is making progress and when i expressed, again, my humble desire to know only when the filing would take place, they replied, " I would guess tomorrow if the auditors don't have many changes."
I don't understand why MBAmann is here. Honestly all he does is find reasons to doubt the company and bash it. Why in the world would you invest in something you thought would not be successful? Makes absolutely no sense to me.
I don't understand where all the hate for Mr. Prentice comes from. I think many of you will be surprised at how effeciently and well things start running soon. Mr. Prentice is only one man. He has not been able to manage hometown operations closely because he has been putting together strategic alliances, funding, channel partners, etc. He allowed LT to handle some of the hometown task. Most likely because LT has been with Mr. Snaper for some time. But LT IS NOT an operations guy. He is a science guy and his blog and information inuendo's have created a lot of angst for people. He was given the task of handling the 10K and it was bungled. I think it was probably his audition. He did not get it done and so Mr. Prentice is moving on. Mr. Prentice is interested in putting a well functioning company together. He probably could care less what you think of him. If people just leave these guys alone and let them get the transition done pps will take care of itself. Have you ever started a company? I have. And I have helped dozens of others start companies. From an infant idea to business plan to execution. It takes a lot of work and focus. Things go wrong. Things take longer than planned for. Things cost more than projected. I am certain there is not one fortune 500 company that did not experience these things when they were starting. And one of the last things you do is toot your horn or your product until you are absolutely sure that you are ready to deliver. Doing so too early can become a PR nightmare. The only thing the company did wrong recently was the 10K. LT was responsible for it. It was thoroughly vetted and needed work. Mr. Prentice and the auditor made sure it was done well before filing. Be thankful they did not turn in a piece of crap.
Yep - methinks this is the bottom and it won't last very long at all. Average down now if you can, buy in now if you can - Take advantage of the fire sale lol
Hotrod has been buying today.
Also like to know who has purchased 1.2 million shares today.
I only know of about 8 people who hold enough shares to dump this much volume. Most are posting here today and also indicating they are buying or at least not selling. So where is the volume coming from?
Billiam - I always slap the ask. It makes no sense to me to push down the price of a stock I believe in. I protect myself by never dropping my ask price when I sell. I give the best price and I get the best price. I know each person has their own way of trading. I just feel strongly that if you are a shareholder you should everything in your power to support the stock price. But that is just me. Almost 1 million shares were purchased today. Where would pps be if everyone had paid ask? I can't say for certain but am sure it would be higher.
Apparently a large holder has gotten impatient and wants to move their money somewhere else. Personally I think the timing is stupid but it is not my money. Nice to see you a little more settled today :)
The market works because everyone is free to do what they feel is best based on their own level of comfort and knowledge. Only you know what that is. The question you should ask yourself (and find the answers if you can't answer them) is do you believe the technology this company has is real and do you believe the value of the technology is worth more than .075 cents per share. If it is the market will recognize that and at some point in the future reflect it. If the company had debt then you would need to add additional value to compensate for the debt, however, they are debt free. So what is the real value of this company. Book value would be what the company could get if dissolved. What are the magna-tek machines and the company patents worth. I believe they are worth considerably more than current pps. Therefore I am quite comfortable holding through down periods like this. How much they are worth is a matter of debate and that is what you need to settle in your mind. By going through this exercise you are determining worse case scenario (company fails to produce and is liquidated). If you can realize a profit or at least not lose money this way then anything beyond total failure is just more profit for you. I hope this helps. GLTU
Trading ethics on IHUB seem to run from high integrity to no integrity at all and everything in between. While the lack of integrity is frustrating in the long run I don't think it matters. I do my own DD so I am responsible for the outcome. I also try to operate with high integrity because I am responsible for me and my own behaviour not anyone else. GLTU
Not blaming - it was just a guess and if you read my post I don't think I said anything inflammatory or derogatory toward him. I would not blame him if he did. He has been very forthright with everyone here.
Last count I had Pepsuro at 170K. Not sure if he had added more or not. Someone else is unloading as well. I think that a non-IHUB member with about 500K has been over the last two weeks. Not sure who else today but my guess would be Big. I know he said he would give them till the end of the month but he has seemed skitish. Maybe not him. I am picking up a little more today. Great buying opportunity. And for what it is worth - I think Prentice has a long term plan and is very carefully executing it and LT just kept confusing things because of his nature. Not necessarily on purpose just out of a child-like enthusiasm. Looks like Prentice finally won the battle.
Let the 10K come out my friend. I think pieces are moving and getting LT out of his current spot is one of them. We have no idea what the kind of issues the LT/Prentice battle were creating. Maybe we see a smoother ship from here.
Q - I have always appreciated the updates you as well as others give. I also recognize that the information you share is only as good as the person giving it. Not your fault if things don't happen like you are told. But when you completely change position and ignore a lot of the positives that still exist which you yourself have promoted it looks bad on you. Don't blame you for being ticked off but do what you have told many others to do. Wait for the 10K before jumping.
If that is the case then you should be happy the blog is being taken out of the CTDT picture and LT has been told NOT to talk with shareholders. You should see that as a positive.
That's sad because he told me he could not do a thing about other mods. I tried to get masher removed and he said he could not do that.
If you do proper DD you don't need to resort to sleazy investment tactics. Just let your good work make money for you.
Well like I said it is his reputation. It won't be worth 1 share of stock if he keeps this up. I am sure he has his reasons but NOBODY will listen to him again.
I am that confident. Just not as well off so I can't purchase as much. I guess Q really never did any DD- just bought off others opinions and emotion. Not as savvy as he has lead some to believe I guess. Either that or just weak?
Q - do you really think your reputation is worth this?
So Q has been dumping all week and know wants back in like Jacuzzy. Pretty sad and good luck with that.
Not just taking it down. He also says he is no longer allowed to talk with share holders. I think this could be good sign that they are getting their house in order. While I appreciate that LT has consistently tried to get info to shareholders you have to admit that it is always his comments and promises that blow up/fail to emerge and cause major consternation on the board. I think Mr. Prentice is firmly in control and is ready to begin executing HIS strategic plan. 10K tomorrow or Friday then we begin to move back up. Good things coming IMO. PS: hope to add a little more tomorrow before the 10K hits :)
Thanks for the clarification
good one Switch :)
Looks like Q and Jay woke up to a Freaky Friday moment.
Yes as Q said. And these guys are probably much closer and have much more say in what the company does. You can be sure that at some point they will demand PR to move pps up if that is necessary. My guess is they understand what is going on "inside" the company and are comfortable with it for now.
Yeah - That has been a mystery to me as well. He could be they have an agreement that there will be no insider trading until a certain point or he simply is willing to wait until his options are available (if he has them) or he is set up for profit sharing vs. stock participation. At some point down the road we should find out.
ROFL switch - Give me a padded room!
Problem is LT gets approval from the executive committee but Mr. Prentice overrides them. LT only puts out what he thinks has been approved. It gets changed by Prentice.