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Thanks Naval - When do they anticipate 8K's going out?
No problem - I just sent the e-mail to Chris. We will see how much info they let him share.
No problem - I just sent the e-mail to Chris. We will see how much info they let him share.
Good adds VC - I will wait till this evening and see if I get any other input. Then put it together for later tonight.
Hey guys - in light of Naval's post I have put together a short list of questions to ask. I am listing them here and would like anyone to add to the list if they have other items they have questions about. The questions I have listed go the heart of where the company is in their timeline. It is certainly not exhaustive and they may not answer them all but all of the questions are relevant and I believe as shareholders we deserve the answers. Especially given the history. I also do not believe that any of the information/answers should lead to any kind of pump and dump scenario. So here is my list: Add what you like and I will put them all together and forward in an e-mail to Naval. Naval thanks for any help and answers you can get.
Do they need funding before they go into production?
Do they have a funding source currently they are working with or do they need to find a funding source?
What kind of funding are they looking for? Equity?
We were told they had a distributor agreement in place for diamonds – Is that accurate?
If they have and/or are entering into distribution agreements does that mean they plan to do full scale production themselves?
In your e-mail you listed funding and distribution but not production. If they distribute they will need to produce.
Are they ready to go into production if they have the funding needed to build out the facilities and equipment?
Do they plan to have one line of products or multiple lines? Do they plan to have multiple products within a line?
Will the licensing agreements they are working on consists of production that is the same as CTDT production or for different applications? Can you share what some of those applications might be?
Do they have a proposed organizational chart and are they prepared to hire the necessary people to properly fill out that chart. ie – onsite management, sales team, packaging and shipping, etc.
Do they have an initial estimate of production quantities? Are they starting with limited production with a plan to scale up?
Will the initial focus be on industrial diamonds, jewelry grade diamonds, a combination or something else?
What is their plan to ensure all financials and other reporting requirements are met within required deadlines?
I do too JD - I just feel he needs someone that is a better manager that can set milestones and put in the necessary time to meet them and that he needs to top telling shareholders what he thinks they want to hear and tell them what they need to hear. I am certain they will drag this across the finish line. I am just amazed at how difficult they make it.
They could have spent some of the half mill that Chas and Delisle invested. I am guessing it would have been a worthwhile investment.
Yes they do!
One last thing. Hopefully the pps stays down for a little bit so I can add some more at a good price point :)
Well they should have thought about that when they all sat by quietly and let the financials get in arrears. They should have thought it about when they continued to let the financials slip further and further behind. They should have had the foresight to find out the requirements for removing the DTC chill well in advance of the financials being updated. If you are comfortable with how they have handled things more power to you. I find it very disturbing. High school students could run a company better. So until they prove to me otherwise (their own personal investments notwithstanding) I will continue to have concerns. And their unwillingness to share ANYTHING of value in terms of what is being accomplished only feeds that concern. What are they hiding? What are they not telling us?
We have watched this company fail to deliver on simple things for over 7 years. I cannot name one time NOT ONE since Chas has been here where they met a self imposed deadline. Guess what - Companies have deadlines all the time and the good ones meet those deadlines. And frankly as long as the shareholders sit back quietly on their hands and let the company get away with this then it may continue. I don't want to be looking at this in 7 more years wondering if they are ready to roll out. In my mind they have a very short leash. I would rather they just call debeers and offer them a deal on the patent then squander things do to incompetence.
I will push the tech all day long and not be a downer on its potential but I refuse to cheer lead or cover up for a management team that continually disappoints. These guys are terrible and until they bring in someone that understands how to manage a company, set project milestones in place and meet those milestones and show steady progress I will continue to have concerns. Proof is in the execution and all these guys have been able to do is get this company in one difficult situation after another.
I was going to suggest the same thing VC. Until they tell us what they have done it is just more empty words. Explain what working hard looks like in the CTDT world. What have they accomplished?
Gotta say that Chas has earned that reputation. He would have been fired a long time ago from any fully operating company. Not saying his intentions are bad - just that he has continually failed to deliver. I kept supporting him but the debacle over the chill is beyond poor management. As the CEO how can you not know what the DTC expectations are prior to hanging your hat on "once the financials are done". That just screams amateur hour or "I just don't care enough to check". Pick one. One can believe in this technology and the patent potential all you want but at some point you have to ask yourself if they have the right people to get this done. WHY can they not get money? WHY can they not finalize licensing deals? We were told the measurement process was done and we were told they were ready to go into production. Now they say it will be 3rd quarter and they say something about R&D. Does that not bother you? Does anyone here not believe that if they fired up a machine and produced just one batch of diamonds using the process that money, licensing and all other problems would go away? I don't care if this take 3 more years. I am all in. I do care that they continue to be less than forthright with investors. Seriously - just be honest. Tells us you need money if you do. Tell us you have kinks to work out if you do. Don't tell us what you want to happen - tell us what is happening. BIG DIFFERENCE!
My guess is they are still stringing Naval along - just as they have all of us.
The financials list Chas investments. These are audited financials filed with the SEC. I get some of the things you are saying but there is concrete evidence Chas is heavily invested in the company.
He did this a few years ago when he first took over. My only problem with that is that we are always told all the wonderful things that are happening next week and then they don't happen. If we got real information it would be helpful but I am not counting on that. We have been told that they are ready to go into production - as early as first quarter of this year, also within the next few weeks, etc. We have been told R&D was done. We have also been told that revenue may commence in 3rd quarter and R&D needs to be completed. We have been told they are ready to launch multiple revenue streams. Where and what are they? So which is it? It cannot be two different things at the same time. Either R&D is done and they have funding and multiple streams of revenue and are ready to begin production or they are not. I really don't care about what they hope - I care about what is reality and I don't feel like we get that in these calls. That is my peeve at this point. I believe in this tech and think eventually they will get things right but stop peeing on my leg and telling me it is raining. Most people won't bail because they need to secure funding or finalize R&D, etc. They will leave if they keep getting fed half truths and empty promises. This company's PR is a nightmare and does nothing to give investors confidence or build interest in the company. VC offers to help free of charge and nothing. The fact this company does not have a major lawsuit against it at this point is amazing. Shareholders here have the patience of saints and CTDT should bend over backwards to thank them. Shareholders here hold enough shares to devastate this company financially and yet they continue to show loyalty to the company and the company still fails to treat them well.
These guys really need help - step in the right direction but this will have limited impact. First - I have no clue why they keep talking about having an accounting of shareholders. Just operate well and build the business. That will sell shares and drive stock price. Not publicly stating that you don't know who all your shareholders are. Second - talking about being a synthetic diamond manufacturer is not glamorous. It will not turn heads. Saying the technology takes a weeks to months long process and turns it into a 800th of a second process might. If you are going to put info out there then put out the things that make this different and significant. SMH
Love the 8 share trade. Just think what that is going to be worth if this things ever hits $10.00 per share. LOL
So maybe whoever has been selling down is out of shares or decided to hold for a while.
yeah - but why pull the lower ask orders when people were filling them?
Just think how much better this would perform if we got regular updates. Even if they don't say much it helps.
Yeah they have gone from completely refuting the validity to owning an off brand synthetic producer to investing 100 million into a synthetic facility in Seattle to maximize profits to trying to gain a complete monopoly of the market buy underselling the smaller producers. All of the money they are investing is going to really hurt once they realize that someone else owns a technology that makes theirs obsolete. I am sure as you have said that they will be in the bidding to purchase the tech.
now there is a name from the past. Probably selling real estate still.
Agree Vince - I am sure they have plenty of things they can be putting out there to keep interest as well as create interest. The silence is baffling and leads to conspiracy theories. I just had a conversation with one investor and he suggested they were trying to get the investors to dump so they could go private. I don't think that is true but I could not convince him. He is certain the silence is deliberate and not for the good of the investors but for the insiders. If they don't start putting something out these kind of crazy ideas will just grow and that is not good.
His wife is on the board and has been for last several years. She is not young either but I think she will be firmer than he is when it comes to expectations. She certainly seemed that way when I met her.
Anybody hear from Pony lately? It has been a while since I have seen him post.
Yes they just need to execute their plan. If they do the chill will be lifted eventually. Shame on them for not knowing the requirements ahead of time. They also need to stop being so blasted secretive on everything. Just tell the public what you have and what you are doing. Regularly!
I think Chas does. They have it on the website so I am sure they think it is important even if they don't act like it. Snaper probably does not care as much. I know he likes money and would like this to make him wealthy but I think it is more about proving it to the world for him.
I know - it's nuts. I can't guarantee my contacts will invest but if they make a good case these guys could fund all their current needs. I could understand it if they were operational and moving forward but I would think any kind of help would be appreciated.
It can move up again pretty fast. Just frustrating that management struggles so much to follow through.
No surprise here. The shorts and mm's have been working this for the last two weeks setting it up. No way to maintain the pps given no revenues unless they put out concrete evidence of progress. PPS going to 1.00 and no follow up news to support it was a gift to shorts.
Old press release. I certainly hope the next one has more concrete news.
So what is this - the message was deleted.
I don't disagree with you. Management (whether I like them or not) needs to be held accountable. When you continually get told certain things are going to happen in certain time frames and they fail to deliver repeatedly someone should be held responsible. None of us expect to hold our jobs for long if we fail repeatedly to perform as expected. This company needs a new CEO. One that works as many hours as necessary to get the job done and one that under promises and over delivers. We have suffered from the opposite. Over promise and under deliver. I am confident they are making progress (VC eluded to this) but many of the delays are simply bad management and are inexcusable. Not knowing what was required to remove the chill is inexplicable. I am not suggesting Chas be removed from working with the company but they need a full time experienced CEO who understands how to get things done in a reasonable time frame and also how to release relevant news on a consistent basis. You don't build value in a company by remaining silent and by repeatedly missing deadlines. You build value by showing progress and letting people know about it. While the patent and its applications may be close to rocket science the business management is not.
Yep - Even if they don't want to reveal names or details of potential licensing deals or financing they should still have plenty to PR. Initial R&D is finished, new location, ramping up for production, etc. etc. It is the steady flow of information that keeps shareholders satisfied and helps keep the investing community informed. One big information release and then silence is only good for a pump an dump. Put some relevant news out already!
MM's are able to "borrow" shares that way. That is how they build an inventory of shares and are able to manipulate and control stock movement. Personally I think longs "sitting on the bid" and helping push the stock price down so they can get a good price is really short sighted. It takes time to push a stock price up. When news comes out this will do much better at .50 or .75 than it will do at .30 or .35. Because the resistance will be at a lower price point and bargain hunters and mms's will be more effective holding the price down. I used to hit the bid regularly to help support the stock. Not anymore I just have stopped buying more shares because some people on this board will just sell into the bid or sit on the bid at a 20 to 40% discount. Their business but I am in this stock for its long term value and just don't get others with a long term view of the stock tripping over pennies when it depresses the stock. It plays into the the hands of the shorts and the mm's. Of course the inept management opens that door wide for them.
Yep - once again they fail to take advantage of any momentum the stock had.
Wen if you look at the total volume of shares sold over the last 20 days or so it is not really that much. 1 to 2 million shares total and that includes the mms. I think there are about 43 million shares being held by regular investors (most on this board). That means they have sold less than 5% of their shares. Since most on here got in well under .10 per share you probably have some who are recouping their original investment. There are also a few who are flipping. But bottom line is most of those shares have been added to the longs here on this board. This stock should be trading 1 to 2 million shares weekly or even every few days. That will not happen until the company starts releasing news. As long as they don't then the mms and day traders can dictate how this stock moves. It is frustrating to watch when you know that it is so close. But they are inching forward. I am confident the wait will be worth it.
That is my biggest complaint Billiam - everything they promise eventually happens but it takes 3 times longer (at least) then they say. Honestly they are sitting there with one of the most valuable patents of the decade and they can't seem to find their butt with both hands and a GPS. I seriously hope they don't plan to manufacture for long. License everything out and or sell the patent outright or bring in an experienced manager that knows how to get things done.
I would too VC - Snaper talked a lot about the margins and how good they were and the fact that the power consumption was the biggest reason. I am not sure he even knew exact numbers at the time. They should know that now. He was talking margins that were 80% better at least (that his how he put it). They should have a solid number now that measuring is figured out and they are ready to go full scale. I also agree that once this thing is proven that interest will not grow but explode. Probably be suitors that we never thought about or are not even aware of.
This article https://www.reuters.com/article/us-diamonds-debeers-synthetic-analysis/lab-grown-diamond-prices-slide-as-de-beers-fights-back-idUSKCN1OK0MQ says cost to produce a lab diamond is down to about 300.00 per carat. If CTDT is at 80% that would mean $60.00 per carat. Crazy difference. If you figure a chip will probably take less than a 10th of a carat (maybe lots less) you are only looking at $6.00 per chip before markup. While the cost to manufacture a chip may be a little higher still I think the speed, cooling ability and subsequent power and size advantage will be well worth it. Cost will go down as they bring in economy of scale as well.
I am sure Debeers will be in the bidding but I think tech companies like Google, Apple will also be in the bidding. It fits their drive to push the envelope in technology and would be an instant cash provider for them as well depending on the structured buyout.