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Not "we" need to see it in action. "They" need to see it in action. Did you not read the shareholder letter from the 8th?
Again this is all my speculation but with the events it makes sense. As I speculated the day the letter came out the underwriting referenced was going to be dillution of shares to raise capital to start LTC production. The 25 million OS share increase seems to align with this idea.
Lowman's post regarding Dr. Kutz's trip to the Ukraine again reinforces the idea that this new management team is going to be coming aboard following that trip as that would be the last step in their DD regarding to the deal.
My guess is that part or all of that new 25 million shares is going to this management team, either as a purchase to infuse the cash for production, or as compensation for them starting production. I imagine we'll see a PR/8-K once the deal is complete following the trip where we'll find out the structure of the deal and exactly who the mystery management team is.
If anyone else is reading this differently feel free to comment. I am more than open to hearing other ideas on what is going on.
ref: "To that end, we are in discussions with a prospective underwriter that has assisted the Company in the past concerning the raising of sufficient funds to pay current liabilities and to cover operating expenses during the ramp-up and initial stage of sales and marketing for LTC. In addition, we are also in discussions with a prospective management team with which Don Robbins had been negotiating to execute a plan to commercialize LTC’s technology. Assuming that we are successful in concluding those negotiations we will accompany two members of this prospective management team to complete the due diligence by travelling to Ukraine later this month, accompanied by Dr. Kutz and Herman Hohauser, to witness a number of procedures on live patients performed by Ukrainian surgeons"
I imagine we'll see a PR once the Ukraine trip is done and its all final. If all 25 million shares went to them? Even at a discount your talking about the $1.5-$2.5 million range.
Hard to imagine any money manager throwing that much money at a sinking ship after doing full due diligence including a trip to Ukraine to see LTC in action isn't it?
I disagree with the sub nickel assessment. Yes maybe we are in for some more short term pain but I don't see how are long term prospects have gotten worse.
Some fund/company was just given full access to everything LTC and after all the DD decided that, yes, purchasing as much as 25 million shares and investing a large chunk of money in CTGI was a good idea.
Is it really a slap in the face? Yes Don kept the OS under control, but the intense effort to do so is what led to the toxic financing deals that hamstrung the company for years and lead to all of the lawsuits. A willingness to dillute some might have saved the company from being set back years.
I'd rather take a hit on dilution now and actually get LTC producing revenue than have to go through that again. Not to mention the incoming dilution was basically spelled out for you in the investor letter earlier this month. This shoudln't be a surprise. Just so long as it doesn't become a regular occurance I am fine with it.
I expect LTC revenues this year based on recent events. Even with the dilution , with revenue generation forthcoming, I don't see how this is only a $7 million company from, which is what the market cap says.
I think the increase we saw on the float today pretty much confirms the travel. Don't think we would be issuing 25 million shares if someone wasn't about purchase them. Makes complete sense based on the investors letter.
Depends on where they were issued. Generally when large lots like this are issued, they are issued below market to the private investor. They aren't just dropped on the market as it would take a long time at our volume to get them all out.
If all of these shares are going to the new "management team" that will be heading to Ukraine thats a good sign though. Anyone who would be willing to drop $2.5 million into this company after all the DD obviously sees something they like ALOT. Might as well consider these to be as tightly held as insider shares also. One of my client's used to be a venture oriented hedge fund, they had 1 year+ lockups on all their investments they did like this.
Today we just saw the market pricing in the dilution, that's to be expected.
The $20 in comissions totally worth avoiding that $15 potential 100% loss....lol.
Love the $15 trade to paint it down 25% the second the market opens.
I highly doubt the CCTI news is coming ahead of the LTC news. Especially considering the letter to the shareholders mentions the management team underwriting the LTC financing is going to the Ukraine later THIS MONTH assuming the process goes smoothly. I assume that kind of travel for DD is towards the end of the process. I imagine we'll have news on LTC in the next 3-4 weeks if that is the case and all goes according to plan.
Good lord, huge lots moving around now. I like it!
Just thought about this and its a point no one has really brought up yet. There has been some talk about possible dillution as we try to raise capital to get LTC up and running. But a point I don't believe anyone has brought up could be that this if finally when we are going to see the LTC IPO that has been talked about for a couple years now. The letter to shareholder only mentions they are in discussions with an underwriter. That could very well be discussions about an LTC IPO and not discussions about dilluting CTGI. Could explain the price moving briskly early this morning.
Re: "To that end, we are in discussions with a prospective underwriter that has assisted the Company in the past concerning the raising of sufficient funds to pay current liabilities and to cover operating expenses during the ramp-up and initial stage of sales and marketing for LTC. "
I agree press release is almost entirely positive. I think there could be selling for a couple reasons here. One, it could be people who were here short term hoping for a buyout of some short for a quick return. Two, there has to be at least some fear of dilution at this point. Not sure what other avenues are available to the BOD to raise capital to fund the LTC ramp up referenced in the letter.
On a side note this is exactly what I was hoping from out of new management. New CCTI info is EXTREMELY encouraging IMO. May have the potential of a legit near term partner to start generating revenue if our compound is determined to have the best combination of cost effectiveness and efficiency.
I'm also very encouraged by the fact that Dr. Kutz has been involved with our friends across the Atlantic and that we don't have to worry about that relationship being damaged by Don's passing. Letter makes LTC revenues seem like they are going to start happening near term.
With revenues possible later this year our measley $8-$10 million market cap seems pretty absurd right now.
Seriously, lots to think about it.
Spent a lot of time pondering my position this weekend but ultimately concluded I was not invested here because of DR, I was invested here because of the technologies.
Also came to the following conclussions. Number one, I think this may speed up the time table to see return on my investment as I think without DR at the helm the new leaders are more likely to take a buyout and "cash out" of CTGI so to speak. Number two, the overall ceiling for CTGI has lowered given that scenario, but even low end buyouts IMO would be at a price significantly higher than we are trading now. Even if we sold at 1.00/share, which is IMO ridiculously cheap for these technologies, your still looking at, what, 600% over todays levels? $50 million for our two main techs seems to be lowballing it a bit.
Nice, looks like someone finally did.
Nice paint down the second the market opens....gotta love that.
Another 35k at the ask in about 15 seconds.
Can you imagine what some news right now would do to this thing. Seems like its coiled tighter than I can ever remember seeing it.
Would love to know what everyone else knows apparently. By far the most volume we have seen since the September court date. At least then we knew what was potentially driving the volume. Really would like to know.
Can't keep us down.
Sorry but this one is a little too obvious, considering bid hadn't been below .1875 all morning and they were sold at .16 as soon as the .1875 bid dropped out. Not to mention those 1,000 shares went off in the middle of 160,000 shares above .20.
So ridiculous...155k+ shares trade at .20 and then someone sells off 1,000 shares at a 25% discount and we look like we're having a terrible day. Nice to see some volume back at least though.
I dunno about everyone else but I am content to accumulate a bit more at these levels. I honestly don't expect much to happen before next year. A lot harder to get things done during the holiday season.
On a more positive note, looks like we're back to .19.
I agree the silence speaks more loudly at this point than a pointless PR would. If Don released a fluff PR at this point I would be out faster than you could say sell. It's just a struggle to stay patient at this point.
Starting to sound like LM with the repeating male....gonna offer anything new or just sound like a broken record?
NT did a good job of summarizing what we have here particularly for any new investors, don't see why anyone should take issue with it.
Was also an article last night on MSN about how Obama is planning to force the climate issues and that it is high on his agenda. While CCTI doesn't NEED government mandates to be successful, they sure will help if they do happen.
I expect the health care issue will be behind Congress by the spring and that may likely be the next issue they tackle if the President has his way.
Exciting day we got going here today.
I'd settle for a PR at this point....
Another 40k block moved again this morning?
As sure as anyone is of anything in the stock market....in other words not at all. I am however of the opinion that there aren't any future news releases "priced in" at current levels. Which is why I believe positive news releases will lead to a spike in pps.
If you read my recent posts here I am very skeptical of CTGI currently. But I don't see how you can rationally argue that positive news is currently priced in right now either.
That was me knocking it out haha. Any sort of news and the teens will be long gone. I would give my left arm to know what Don has been up to for the past 6 weeks.
Thats what I was getting at. In his insider ownership calcuations he keeps increasing the shares owned by insiders, but someone the O/S remains flat. That can't be possible.
On your last post of this nature you quoted 47 million being the O/S on 10/13. How then did this 2.1 million share purchase happen on 10/15 and still leave the O/S at 47 million? We haven't seen close to 2.1 million traded on the open market in the last week. Is it possible that O/S # being quoted is incorrect and its actually been inflated quite a bit by all this insider buying?
Apologies SS, wasn't comparing you personally to Lowman. Just your below statement was what I was refering to by typical "Lowman logic"... that you can't say anything negative about the company while believing in it's long term upside. Like you I have been around quite a while and most of it quietly but I have gotten pretty sick of the way ANYONE who presents a negative view gets bashed and degraded by certain posters. I for one would like to hear opinions from both sides, it helps to formulate more informed opinions. I also agree some posters do a good job of digging up information and it's appreciated.
"Seems to me that if you have lost all confidence in CSMG then a more logical approach for you would be to either sell and move on or set your sell price limit and a GTC and not waste your time posting or reading about CTGI."
I guess they were taking loans from company officers to pay bills because they didn't want to spend all that cash they had in the bank? Unless they've managed to make money out of the nothing the last 4 weeks, no they don't have operating capital to launch manufacturing on.
"We were able to maintain our LTC assets, and patents primarily through loans from our officers and directors."
See this is the kind of Lowman logic that drives me absolutely up the wall. Why is it that everyone here treats owning a stock and being critical of a company as mutually exclusive....these ideas aren't necessarily juxtaposed.
I like the upside of CTGI but lets be honest, the company still has significant hurdles to clear and has done nothing to communicate how those will be addressed. First and foremost is the fact that we have zero operating capital to speak of. We have some great concepts but currently no way to market them or bring them to market.
I think you just re-made my point for me Low. Don's job is to do everything in his power to get the most out of our techs and grow the company. The part where I disagree with you is you seem to imply maybe Don is doing things specifically to stop thwart ST/flippers which is the part I think absurd.
Expecting a company to provide and reasonable amount of information to its shareholders is not an unreasonable expectation. Lack of information is why people get burned on things like with Madoff. I don't think I'm alone in feeling that one PR that said as little as possible in a years span as the only release of info from a company is below the level of reasonable expectations.
I'm not sure why any time anyone raises a reasonable concern with the company that you immediately start with the tounge in cheek personal shots and demeaning rhetoric. You can believe in a company's long term prospects without drinking the kool-aid 24-7 so to speak.
Sorry Low but your absolutely incorrect. A CEO's responsibility is to his shareholders...period. If the CEO is wasting his time worrying about LT vs ST he's not doing his job because it should be irrelevant to him.
If Don cared even a little about the people who held on faithfully for the last year of silence he owes them at least some release of information. Another month of silent treatment after letting everyone know the gag is off is doing nothing but reinforcing the longs fear that they are wasting their time here.
I've been around this stock for probably three years now, look up some of my 07' posts if you like. But the dragging of the feet on moving this product to market is flat out ridiculous. The silence is inexcusable because the gag order excuse is gone now. You can only read so many posts about inside ownership, no reverse splits, and low O/S so many times before they are about to make you gag. I'm just glad I didn't heavily invest here a year ago.
Looking at another full month of "silence" despite the muzzle being taken off. Not going to lie its a little bit frustrating.
Would be really nice to be the leader out of the gate on this if the government really decides this is going to be its next big green project.
Just think back a few years to what large government backing did to the ethanol industry, especially some of the small start ups. Pacific Ethanol was one of the companies that comes to mind. Was trading well under a $1 with like a $25 million market cap and within a year went to the $40's.