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Yes ninja....lets salute our surviving grandfathers.
And we do need some humor! Thanks!
Gam,
Sorry for the confusion. I meant DR has been personally prohibited from buying or selling, for the past year because he has non-public inside info. We do know he personnally
purchased 200,000 shs @ $.625 last year.
You are correct that CTGI could have sold shares. And that was the plan.....IPO LTC.
You are also correct about "a sure thing". That's why I made the contrast between blue chips and pinksheet/BB stocks.
If blue chips can loose 90% of their value in this terrible down turn, what should we expect from a pinky.
Our frustrations are based on not knowing. Soon we'll know more and we'll be on the come-back trail.
All of us longs who have watched our shares go from 50 cents or less, to $2.39 and back down to 6 cents, are angry/upset/disappointed and maybe even be broke or destitute. One can even see why, in 1929, our grandfathers may have jumped out the window of a tall building. However, DR also watched his shares drop from a value of $14 million to less than $400,000 and SEC laws prohibit him from selling. Think he’s not upset too!?
The goal in late 2007 was to spin-off approx 20% of LTC in an IPO as soon as we received approval from the FDA. Rather than taking 90 to 120 days for a simple 510k approval, it took a year. By then we were in a credit crisis that was not conducive for an IPO. Mortgage Credit Default Swaps (the loop-hole that reserves are not required for this type of insurance policy), are to blame. Let’s blame the FDA & CDS, not DR. He himself is probably Monday morning quarterbacking wishing he had done this or that, but here we are.
We have choices:
~ If we think the pps is going to improve, we can buy more;
~ If we’re not sure, we can hold or sell what we have;
~ If we think CTGI is not going to survive, we can sell.
Here’s another interesting thought. If we had sold at $2.39 we would have bought some very secure blue chip stocks like CitiGroup, Bank of America, or GM.
Thanks to DR, we have another chance with this pinksheet/BB stock.
Slee,
With your GTC $.229 order showing as the highest ask,
the MMs must be selling at the $.18 bids. When the next announcement is issued we should jump to a $.30 ask, if
not higher.
Slee,
The CO2 separator we are giving to Greenblatt is the old
equipment that was used in waste landfills to separate CO2 from methane to use as natural gas. The equipment (& patent)
are near worthless. With gas nat'l gas at $4.80 (up for $2.80)
the economics are not worth the investment. Plus there are
other process' that do the same.
The crown jewel material that "captures" CO2, remains ours
for development.
THE (year long) RAIN DELAY IS OVER! THE GAME WILL NOW RESUME!
It may take a few weeks to get the tarp removed. We have a few
10Qs & a 10K to file and then we'll be back on the BB.
Thanks for the clarification ninja.
I like maddog's bark that DR could be
the Wachovia note bringer.
"On another part of the docket we have Nature Coast (a Greenblatt creature) vs. CSMG."
Ninja, Is this hearing scheduled?
Yes....let me ditto tex's thanks. It very helpful
to us who don't have L2 for the pinks.
Thanks....it's very helpful!
Much thanks!
Ypsi,
Thank you very much for your L2 posts. Now that we're
a pinkie, my Schwab SSP doesn't show the bid/ask for
CTGI. Can you continue to post a couple time per day?
(OT: Are you an EM Eagle?)
Love it!!
Obviously you have a Masters in Creative Writing
and a MBA in Marketing. Well done Lowman!!
Let’s blame the FDA and the economy. We filed a 510k in June 2007 and expected an approval before yearend 2007. Then, as the credit crisis became real, the FDA approves our application in July 2008. IPOs had become extinct. Empire Fin’l, now Jessup & Lamont, went into deep freeze. The Greenblatt suit went against us. It seems that a good strategy would be to wait a year to allow the economy to heal and the legal issues to be resolved.
In a few months we’ll be back on track having lost over a year due to the above, not DR.
I'd like to ditto Tex's thanks to those who have spent
so much time on quality DD, particularly Maddog. And
Cabelaman, thanks for sharing your Pacer info with the
board. I know that's an expensive subscription.
A comment on DR's judgement. Over the past 10 years there
have been several times when DR had two choices: 1) give it
up (BK), or 2) take the only deal available, a bad one. Thus
we had Cornell and Greenblatt, among others. And that's where
we have been for the past year. The only lenders willing
to fund CTGI/LTC, no doubt want 50% of LTC for a million
$$ loan. That makes DR's current strategy look pretty good.
We'll know soon.
ByrneT, Jag, & Male: What do you think CTGI's PPS will be
at the close on January 4, 2010? I guess 33 cents.
Thanks ninja.....
That's a good policy.
Trading WARNING on Pink Sheets for CTGI.
This may be more evidence that good news is
on-the-way. Those who are aware of the pending
"good news" are not legally allowed to trade.
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=ctgi
Suezia,
You are definitely not alone!
We're all in the same boat waiting for
news that CTGI is moving forward.
Lowman,
Good to see your optimistic post!
Every day we're a day closer to hearing
something good from DR or seeing a SEC
filing.
My Schwab level2 quotes do not show any bids or asks.
The Pink Sheets site shows the best bid at $.065 and the
best ask at $.14. Quite a range. Glad to see that the
sellers want 14 cents.
Good point Slee,
Jagman kept us grounded over the past year with his
downside views, and not once has he rubbed it in-our-
face that he told-us-so.
Jagman, as Slee said, keep us objective.
(Jag, check your inbox for pm)
Yesterday at 3:10 PM, 100,000 shares were traded is several
transactions. Whether they were buys or sales, still very
interesting.
rose,
hope test results are favorable.
Airdale, What has been presented? When?
"With the motions being presented to an Illinois Judges, does Banco Panamericano hold a viable threat to CTGI and it's long term plans?
bing,
I think (according to the NT-10K filing) they plan
to file the 10k around April 15th and the 10Q on
May 20th.
last year's 10k annual report for year 2007
was filed on March 28th.
I've been listening to the joint Canada / US press conference
with their Prime Minister & Obama. Obama spoke favorably
regarding carbon capture technology research efforts with
the two countries. CTGI and U of Ottawa!!
Ninja,
When I go to that link now the opportunity to
post "a company story" is not apparent. I sent
an email to the StockHideOut site management
asking how it can be done. I'll let you know
if they respond. Sorry for the confusion.
Ninja, lowman, airdale or one of you other very
articulate poster, please scroll down to the bottom
of the link below and post the CSMG Tech story.
http://www.stockhideout.com/visichat/scripts/showlog.php
Carbon Capture & Storage in Stimulus Package:
Here's some excerpts from a Bloomberg article today:
"Clean-coal technology is something that can make America energy-independent,” Obama says in the ad, which has run on cable channels such as CNN, Fox News and MSNBC."
"The House-passed version of Obama’s economic stimulus plan would provide $2.4 billion for development of carbon capture and storage, according to a summary issued by Speaker Nancy Pelosi, a California Democrat. The version now before the Senate has at least $4.6 billion for that purpose, according to Bill Wicker, a spokesman for Senate Energy Committee Chairman Jeff Bingaman, a New Mexico Democrat."
84,000 traded in 40 minutes (11:56 to 12:36 ET)
Then another 10,000 @ $.15 at 1:00 PM.
Good sign PPS held at $.15
"I thank God every day I'm a JERK..... "
Jag, Christerine did not include you in the "Jeck" category.
She was referring to the manipulators. You keep us grounded by providing a balance (and humor) to our exuberance.
"Do I dare ask the question? Did we find a bottom??? "
Yes, it looks like $.16 to $.18 may be the bottom.
Any nood news PR should move us back to $.30 range.
Dr Chu, during his confirmation hearings, said:
"It is a question of science and technology and really putting the pedal to the floor as quickly as possible to develop carbon sequestration technologies,"
Very encouraging! Here's a good web site:
http://www.americaspower.org/
"The Rick Amato Show is broadcast Monday-Friday on KCBQ AM 1170 in San Diego, California"
Is this EqutiTrend at work? They are also in San Diego.
Best wishes for your daughter's recovery
from all of us.
RE: Equiti-trend;
Perhaps the attended the money-show and are
recommending CTGI to their customers. Or DR
may have retained them to promote the stock.
They are located in San Diego:
http://www.equititrend.com/index.html
Ovid, your memory is okay. Empire raised $7M which
has been used over the last two years for development
and to start the production process. They will get paid
back by acquiring LTC stock at a 50% discount to the IPO
price. Here's the info on the $7M from page 11 of the
10Q:
Empire Financial Group was successful in raising the full $ 3,025,000 which is currently classified as “Convertible Notes
Payable” on the condensed consolidated balance sheet at September 30, 2008 and December 31, 2007 and which will likely
be converted to equity. The Company and Empire Financial Group has extended this offering for up to a minimum of
$3,000,000 as well as a letter of intent relating to the raising of an additional $25,000,000 for a potential initial public offering of Live Tissue Connect, Inc., the tissue welding technology subsidiary of the Company, of which Empire has raised $ 4,323,850 ($100,000 was paid back to an investor in 2007, and $360,807 was paid to investors in 2008) as of
9-30-08.
Yes, many are bleeding...lets say a prayer for Joe.
If I remember correctly he said he maxed out his credit
cards to buy CTGI in the $1.60 and down range. We all
hope he's okay. He seemed like a genuine guy.
Here's some answers from the 3rd QTR 10Q, which was issued last Friday:
Cash on hand at 9-30-08 $103,056;
We offered through a private placement up to 5 million shares of preferred stock at $1 per share in our majority
owned subsidiary Live Tissue Connect, Inc. through Empire-Jesup Lamont of which $755,000 was raised through the
Company’s third fiscal quarter. (page 22)
1,186,650 shares issued for cash in the amount of $1,027,900.
(page 26)
The Company entered into a non-recourse loan agreement with Equities First Holdings. The Company netted $405,000 from the funding on August 22, 2008. (page 31)
Net cash from financing activities totaled $2,677,747 and $1,451,991 for the nine months ended September 30, 2008 and
2007 respectively. (page 38)
The Board of Directors agreed to have the Company’s majority-owned subsidiary Live Tissue Connect, Inc.
submit to the Securities and Exchange Commission (SEC) a registration statement in connection with an initial public
offering (IPO). The Company anticipates this to occur in the fourth quarter of 2008 or the first quarter of 2009.(PAGE 10)