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Mike.....come Thanksgiving you'll have more than the
usual for which to be thankful!
MD,
Is the water purification needed after its use in
the process of separating the oil from sand?
Jag......great idea on the hydrogen....it may well be
the fuel that propells us to another star system....and
certainly would push CTGI's PPS well into the 3 digits!!
Jag, thanks for adding some humor to a market that is at
its 2 year low.
Remember, a public company is required to make public
via a PR & 8-k any significant news within 10 days. The
Ottawa-UTK deal was signed June 24th. News of CE cert of handsets and FDA approval will follow soon.
"That was a great acquisition by Don R in exchange for stock,
the licensor must think the 371,000 have a great deal of
uptapped value to take our CSMG stock rather than for cash."
BB, you make a great point here. The seller realized that by
accepting $440K of CTGI stock, they will soon have shares worth $4.4M. Their bold move is a vote of confidence for
all of us CTGI longs!!
http://moneycentral.msn.com/investor/sec/filing.asp?Symbol=CTGI
Link to the 8-k filed thursday late afternnon.
gamood......see page 4 of Exhibit 10.2 of the License
and Option Agreement. (Page 25)
HOT OFF THE PRESS:
An 8-k announcing an acquisition was filed within the
past hour. Looks good for the LFG sub.
On June 24, 2008, the Registrant (“CSMG”) entered into an Agreement and Plan of Acquisition (the “Acquisition Agreement”) under which CSMG acquired all the issued and outstanding shares of common stock of Carbon Capture Technologies, Inc. (“CCTI”) from Utek Corporation, CCTI’s parent, in return for 371,020 restricted shares of CSMG common stock. Under the terms of the Acquisition Agreement CCTI acquired an exclusive, worldwide, royalty bearing license from the University of Ottowa to make, use and sell novel absorbents for the capture of carbon dioxide from a gas stream under a License and Option Agreement (the “License Agreement”) dated June 24, 2008 between CCTI and the University of Ottowa in return for a nonrefundable fee of $60,000, a royalty of 3% of net sales and minimum royalties commencing in the second year anniversary of the Agreement to prevent termination of the License Agreement by the University of Ottowa.
The preceding summary is qualified in its entirety by reference to the Agreement and Plan of Acquisition which is filed as Exhibit 10.1 and the License and Option Agreement which is filed as Exhibit 10.2 to this Current Report on Form 8-K and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
10.1 Agreement and Plan of Acquisition dated June 24, 2008 among CSMG Technologies, Inc., Carbon Capture Technologies, Inc. and Utek Corporation
10.2 License and Option Agreement dated June 24, 2008 between Carbon Capture Technologies, Inc. and the University of Ottowa
After HDSN's $1.17 ask is ETRD's ask of $1.25.
http://www.virtusinternational.com/fmf2008/index.html
Here's the link to the Future Medical Forum that starts
today. Frank is on page 8. Page 21 says the entire
forum will be webcast.
"My belief is that shorting is NOT a functional part of the market"
Excellent point LM. A solution could be to tax capital gains
on shorting at 50% or make it illegal. As you say, shorting
provides no value to the enitity being shorted. As I typed
this notion, I realized, that to be consistant, the high tax
rate would have to be on all options gains.......guess I'd better keep thinking.
Thanks dane.....that helped the dull day!
JB,
No need to be concerned about CSMG holding the
developmental expenses. The financial statements
we see are "consolidated" which means these expenses
belong to LTC. Work capital (cash) has been borrowed
from Empire Fin'l. The proceeds from the IPO will be
used to payback the loans, pay the accounts payable
and clean-up the balance sheet. CSMG will own approx
70% of LTC after the IPO. Management does not own any
of LTC personally, just CTGI, so they have the same
objective we do......hold for the long term.
$1.75 on CE cert for the handsets: $2.45 on FDA approval
of generator & handsets: $3.25 on S-1 filing for LTC IPO:
$3.75 on announcement of 1st European order (revenue) for
generators & handsets: $4.75 on the day before LTC IPO:
$6.25 one week after LTC IPO.
BB, I'm sure CTGI will issue a press release announcing the S-1 is being filed....that'll be a good day!
Whoops....I meant ISO.
Also note they changed "...is developing marketing...." to
"...is currently reseaching marketing...". I hope this
word adjustment was not the purpose of the redundant press
release. My first thought was DR is stressing the "big deal" the OSI & audit really are, and to provide some PPS support while the 3rd requirement(for the CE cert) and FDA approval are pending.
ROBBINS DONALD S SR 2,451,904
MACHEN ROBERT 1,627,285
JONES K BRUCE 819,333
DERDEYN CONRAD 742,506
ALLISON GORDON W 607,568
Total 6,248,596
This is only 16% of the total outstanding shares.
Is the other 84% owned by the 300 shareholders with
no one holding more than 5% ?
Dilution not an issue.
In reveiwing the 10Q, the # of o/s as of May 16 were 39,124,638,
up from 38,519,469 on March 1st. No big deal. Using shares
for currency at this time is very appropriate. Don & Bruce are
doing it just right!
Maybe our Italian poster, ita-elios, could visit the
Bari conference and give us a report. Been awhile since
we've heard from him. He's a good TA guy.
Good report StarBoy....."things are moving fast"
says alot!!
Good research gamood! Thanks for the postings.
MD,
You never cease to amase me!!
Thanks
Dane & HJH,
Congrats on your excellent buys today...nothing like
making a quick 10% in a day!!
The depressed PPS will be short lived whether the market
was reacting to short covering or to the news that the past
two years' financials must be restated and the Q will be late.
Good news is just a few days away!!
[The Registrant cannot file its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2008 within the prescribed time period because of delays resulting from its review of the necessity to restate its financial statements for the fiscal years ended December 31, 2007 and 2006.]
[(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
o Yes x No]
This should be no-big-deal. The $$ amount could be significant, but it will all be non-cash. Determining the value of options in a non-public sub (LTC) can be a guessing game, however, the accountants do have guidelines and models to use.
"Methinks once we have FDA approval, we won't need promotion."
And that's when Steven Delco and Bruce Thompson will move
into high gear. These pros can't do much until FDA approval
and/or filing the S-1 (IPO) with the SEC occur.
Great times are just a few weeks away!!
Ninja, Drive is correct...WOW...your shhrs website is
super!! Thanks for your efforts, it must be very time-comsuming.
Ninja,
Your "8 dots" post is terific! Any break-thru here
and LTC could move to the back seat. DR probably
knows where this is headed in this wide-open field.
Thanks.
I have just read the past week's posts after having been
away. What excellent posts, particularly Friday thru current.
Thanks all. GLTA.
Maddog, thanks for your research and posting. It's better than a reassuring PR Don. I love "closing the door behind us".
Thanks for your input Trainingsurgeons. Although some of your
comments don't recognize LTC advantages, you came to a good
conclusion...$20/sh. Looking forward to your thoughts after
observing surgery in Goleta today.
I watch Maria Bartiromo (on CNBC) interview Waste Management's CEO. He said their LFG now provided both above average gross margins and return on capital. I was screaming CTGI CTGI CTGI........but she couldn't hear me. One of the days, she'll be interviewing Don, Bruce or Frank.
Ninja,
We just returned from Disney World & have read all the posts
thru todays. Your eloquent "shot heard..." and " the galvanic spark..." discription of this week's surgical congress was
so inspiring that I read it to my wife. She now wants to
buy a Lake House........GotinEarly, may need to borrow your boat.
It just has been to long. So IMO something is not going well with the FDA process.
1041,
You're correct that the FDA has ask for clarification. However, it's probably just additional testing info that
takes time. DR knows when the required info will be
available and that's why the 10K stated CTGI expects approval
in the 2nd QTR.
Couldn't resist picking up 2K @ 1.29.
Good move Chil !!!!
folks need to sell some of the profitable stocks to pay taxes.
Margin calls could be another reason for today's sell-off.
If GE was in one's portfolio.....
LM is also right-on with his Eval #s. (18574)
I like the high-end: $200M to $300M
Jag,
Public companies can sell shares directly to
a private investor to raise working capital.
It's referred to as a PIPE: Private Investment
in a Public Entity.
I think Empire is providing all the cash LTC
needs...they know they're going to win big-time.
MD,
You're right-on again. The reason's (events) you
listed are why DR and team delayed the IPO from last
summer to this summer. The Eval (& IPO) will be much
higher with these events as "already occurred" rather
than future plans.
Since we should allow 60-to-120 days for the SEC to
approve the S-1 (Request for IPO), an announcement
of that filing should be within the next month. The
events you listed can all occur while the SEC reviews
our filing. Then the IPO should be dynamite.
BB,
Excellent list!!
Add #9. File a S-1 to SEC of the LTC IPO.
All 9 may happen in the next 60 days.
That will be fine day indeed! April would be great
and so would May.....I've developed the patience
of Job. Then we also have the forthcoming news on
European sales orders, and LTC's IPO.