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I would expect he has some form of employee agreement that will give him shares or warrants after certain milestones are met.
Thats funny VC!
Long analysis of what the company is working through right now and why there are information issues. This is based on a very recent conversation. Take it for what it is worth or ignore completely. Some the information many of you already know.
First: CTDT has a total of 5 employees of which I believe only Mr. Snaper and Mr. Prentice are full time. LT is not an employee neither is Mr. Li or the members of the executive committee.
Mr. Snaper spends his time almost exclusively working on the technology for the company.
Mr. Prentice who is designated as the President and COO spends most of his time negotiating deals - these include funding, channel partners, sales partners, diamond marketing arrangements, etc. Bear in mind that Mr. Prentice has been working in the international diamond industry for a long time. He is well known and respected in those circles but he also is keenly aware of the dark side of the diamond industry. He by nature is extremely cautious with information. The diamond industries need for secrecy has made him even more so.
LT is an exceptional intelligent individual who was brought in by Snaper to help him. Snaper and LT are "geeks" in the best sense of the word. Mr. Prentice probably does not understand a lot of the technological parts of the company. That is what Snaper provides. LT does understand it and he gets very excited about it. LT knows A LOT of the company business and forward potential. This is a problem for Prentice because he is trying to keep things quiet.
The battle going on and a lot of the delay is because Mr. Prentice holds the authority and LT does not. LT can make a decision but Mr. Prentice can easily abort that decision if he thinks it is giving out critical information. LT wants to give the shareholders a lot of info but there are strategic reasons (In Mr. Prentices opinion) that make it bad business. Mr. Prentice is the one who removed the blog from the company website.
LT is working with the executive committee trying to get enough push to allow the release of information. As LT put it "disclosure is a battle".
I believe Mr. Prentice understands that the value of this company will speak for itself as they begin to execute their strategy. He does not want to jeopardize any of the forged relationships, tech secrets or channel partners until they are actually "in business". It is too much of a risk and one he does not want to take. LT wants to put the information out. They have been unable to agree on that and that is why LT created the blog. Neither Snaper nor Prentice particularly care for the blog but because LT is not an employee they can't shut it done easily. So LT puts out what he can in riddles and clues to give shareholders something.
I have no doubt that Mr. Prentice has a plan and is busy executing it. I don't think we will get much information on it until the pieces are completely in place.
LT cannot say whether or not an 8K or any PR will be put out soon. It is not his decision to make. He will continue to urge the executive committee to push for it. That is all he can do. As far as what the 10K includes LT had this to say: The 10-K is in fact, and in my opinion, very basic and foundational. It demarcates the end of R&D and guides us to preproduction and production phase.
I think the company will need to conclude financing before we see any better corporate structure. I am sure this is planned out and they know what positions they need and what responsibilities those positions will have as well as what authority. My guess is this process is going to take longer than many of us had hoped. I do believe it will take place. As I have continued to say the book value of this company based on no debt and the disruptive technology and patents it holds has significant value. There are many ways to extract that value and as shareholders we will all share in that value regardless of the manner it is done.
I am willing to wait as I recognize the difficulties and intracacies involved in the myriad complex task a handful of people are trying to get done.
Starting a lemonade stand takes work. Designing, testing and putting a new disruptive technology into the market place is a massive undertaking. We all believe this technology is the real deal. We are frustrated because the company management looks completely incompetent. My guess is they are very competent behind the scenes. A late 10K is probably not a very big deal to them. Just to shareholders. They have their own priorities and we are not it. In the scheme of things there is probably about 200 people who are following the filing process closely. They will put things together. I am glad we have an opportunity to add shares at a better price. I hope everyone can take some advantage of that. Hoping you all make a lot of money!
Welcome back Hotrod
I think we are experiencing a power struggle. I will expound more on this later.
The schizophrenia runs rampant on this board!
Thank you!
Guys no reason to name call or blame here. Everyone has skin in the game. Some more than others and at different pps but we all have a vested interest in the stock doing well. I don't think anyone here has deliberately mislead anyone else. We speak our minds certainly. We also pass along info we have received from the company. That is the problem. The information flow from the company (and apparently within the company) is not accurate. It has to be fixed and I suspect it will be once they have funding and put a full time ops person on location. Until then we are utterly at the mercy of their failed information flow and so is pps. Leaves everyone with 3 options 1 - sell at a loss (I don't recommend) 2 - average pps down if you have funds 3 - hold until they get the information flow right. GLTA
Well that does remain to be seen. No question about that. But the technology if sold will yield considerably more than .05 pps. I firmly believe that anyone who is in this under a dollar cannot lose money regardless of what happens. If patents are sold, licensed, company merged, etc. it will yield a reasonable profit. I can say this with confidence because the company has no debt. It they were deep in debt I would be concerned but the book value with no debt is a very good safety net IMO.
Let me share comments from a few of you paraphrased because I am too lazy to go back through old post:
Chemist - after seeing this article from 1970 I am a believer.
JayEl - after talking to Mr. Snaper I am convinced this is the real deal.
A late 10K does not change the technology that this company has. Either you believe they really have it (as you have said) or you don't. If you don't you should not be invested in the first place. Hoping they have it is not a good strategy. If the technology is real then the company is way undervalued and the market will figure that out. Granted the company seems to be doing everything they can to prevent that but they do have timelines and some forces that will make this and them move. First - by law the 10k must be out next week. Second - There are warrants at .75 due next year. The investors who put that money up will not let them stay silent. They will have to put news out to push price up to minimum profit levels for those holding warrants.
I hope weak hands continue to sell. I will keep averaging down. This stock will trade substantially higher at some point in the future. I can wait. In the meantime the more I own the more money I will make. I would hate to see any of you sell at a loss now and see this go significantly higher later. You have persevered this long. Keep hanging on. And kudos to you Chemist for picking up .025's !
My average pps is .051
Yeah - I filled what I could this week. would love to slap those .049's and see what is on the other side.
Jay - I could be completely wrong but I suspect the company is fairly cash strapped right now. I think they won't spend any money unless they absolutely have to. Once 10K is out (and maybe 8K) then they can close finance deals and begin to spend a little. I would suspect a PR campaign would be forthcoming at that point. FULL DISCLOSURE: This is absolutely only my opinion I don't have any specific information to confirm it.
Looks to me like 10K tomorrow and that the company is going to initially focus on the diamond production. I think that the new product might be supporting another companies new product and they are not ready to roll-out. I don't know this for certain but suspect it. Going out now could really mess things up. As long as 10K comes out and company begins to clean up things we should begin to see good movement. IMO
Yep - and I think I know who they were and they were not board members. Most here are still strong. Snaper is the real deal and so is his technology. Short term dip in price just represents a loading opportunity or averaging down opp for those who paid higher pps. 10K has to be out by law next week. I expect it sooner but I can certainly be patient waiting till next week. Everyone can reassess after that.
Probably the same thing most of us have said. I am sure he was not expecting the company to bungle the 10K. But the bungled 10k does not change what the company has.
If he has powder he should be adding to his position. Not many are selling. Amazing to me that someone would be letting shares go at .03 right now. I have picked up all I can and will trying to move more money to take advantage of the good prices. You know the 4th of July holiday has slowed the SEC down. 10k will come. When it does you won't see .03 again.
Most are - just no buying volume so the price has been steadily walked down. Most of the float is still in strong hands. That just means that when news comes the move back up should be fairly quick. We will need to clear some flippers out but steady volume should keep that down.
I agree Brad - I don't get the hate for Prentice. He is the one dealing with the financiers, diamond industry reps and potential customers. He is being extremely cautious and and I am sure it is for good reason. I would rather too much caution than carelessness. The former may be frustrating and slow things down but the later can be devastating. I don't think there is one person that is a problem. I think it is their loose structure and attempt to operate frugally. They just simply need more staff. They will staff up soon and hopefully smooth out operations.
I agree Switch - The shareholders for the most part are a very loyal and supportive group. I hope (and believe) that the company will remember that and take very good care of us down the road. Things like nice forward splits as an example :)
Switch the 10K will add validity. A lot of people still have doubts, questions and/or bad vibes from the sweetwater era. The companies poor handling of the 10K and PR has only made that worse. Once they get the 10K out then things will stabilize. The company will also be able to finalize things like funding and begin to add staff helping firm up operations. It might be a little slower process than we had all hoped for but what this company does IS unique and IS a disruptive technology. It is only a matter of time before word begins to get out and the pps will respond accordingly. If management cannot put things together themselves there are other options such as patent licensing and mergers. Any of those scenarios will result in significant rise in PPS. This company is grossly undervalued. Hang tight my friend. Good times are "creeping" up :) IMO
Morning everyone - Hope all are doing well. I hope to average my pps down a little today! Not sure why CTDT management seems sooo sloooow at getting things together. What I do know is there is true value here and the patient will be handsomely rewarded. CTDT was way undervalued at .11 and is certainly way undervalued now. I recommend those who have the ability to add to your positions. Regardless of how fast this thing rises it will rise when they finally get the pieces together. I am holding long term and adding as I can. GLTA
Maybe someone playing with daddy's money? Someone who needs a tax write off? Someone in an ugly divorce that wants to leave less to the spouse? Someone who thinks losing money is cool? Someone who has had a frontal labotomy? Someone who thinks Jacuzzy is the next E.F. Hutton? (for younger people you may need to look that up) Someone with Dislexia - they read the market backwards? There are a lot of reasons to be stupid and most people always find them - lol
Notice how fast most of the shorts disappeared when news the 10K was coming came out. My guess is they are in their prayer closets right now praying they will be able to get filled quickly once it hits.
I happen to know there are people with orders in that are not listed on the L2. Looks like the only way anyone is getting filled is to slap the ask.
Yep - the guys doing the study have know idea that CTDT exist - LOL Just wait till the world finds out - OH YEAH
The only reason CTDT would not be focusing on the Graphene is because the Diamond market is much larger with more profit potential at the present time. I think they won't ignore the graphene but this just goes to show what they have in the diamond side/new product. They look at 100 million market as a "bonus baby" LOL
100 million of graphene as a raw material - lol How much do you think the market size is for the products produced with that Graphene?
Good to see a study on it stating market size. And that is really still in very early development stage. The charts show still 50% of that number is academic uses. Just imagine what the market will be in 2020 or 2025.
Interesting article on Graphene out today:
http://www.idtechex.com/research/reports/graphene-opportunities-2013-2018-technology-markets-players-000333.asp
For CTDT Graphene is a "Bonus Baby" lol
Welcome back Brad - CTDT set to explode soon!
As I have continually said - A late filing does nothing to change the underlying value of this stock. A blip in the road.
Well LT did not say the 10K was submitted. Mr. Snaper did. So don't hang LT for this. If it is not true call Mr. Snaper out on it.
Q and Switch both talked with Snaper. If the 10K is not here why would Q lose credibility? He is only passing on info he has gotten. Normally takes 24-48 hours to post but this is the SEC. I don't think any of us can really control them.
That's because he was not LT's fault it was late. He did everything he needed to do to get the 10K in. The auditor stopped it without telling anyone.
Last trade of the day was for 10K - I would not call that a paint job. 1K yes - 10K no Does that confuse you?
I think he should do some research and then slap himself for not buying CTDT sooner.
If it is not good why do want if so badly?
You do realize it is only paper until you pull the trigger. Know way I pull the trigger on solid play like this.
You said it.