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There is a special issue on the end of Moores Law (essentially they cant get any smaller with economic benefits) in this week's Economist. They briefly mentioned the possibility of carbon nanotubes as a method to continued progress. The MIT is a specialist in nanotube tech.
This could be a dud, but just remember Google was once a joke.
I'm on some r+r in Costa Rica this week so I check when able but thats why ive been awol.
What you're saying is true in pump and dumps, there's always a bagholder.
Most of us believe this is not the case, so much so that I've put $40k into this now, and I make 60k a year. Reckless? Yes, but not naive. I'm willing to become a millionaire or start over.Time will tell, both cases have been made, I'll just wait.
And I posted bigdaddys post to show this isn't a bull only board. Both sides should always be considered and encouraged to speak. The only difference as I see it is a bull is given more leeway to post messages without providing useful info than bears. That's just the way it is.
Dude, it's Naval, not navel.
Ok we get it, if you have new info feel free to post but please don't repost the same stuff over and over. If it's not contributing to thoughtful conversation that is when I'll consider blocking.
Again the company is not worth 32mm, it's either worth 100's of millions or zero. The pricing is really a factor of probabilities. If that's not clear I can explain.
No offense taken, just giving you a hard time for the 'unfortunate' spelling mistake!
You're right. None of us has seen solid documentation that this process works. It's my number one frustration; if they had the real things how come they can't get big time investors. I don't know, but I know I don't know everything and every practical business model. The reason this offers such a huge risk reward is because it's not proven.
I have a comparison; on Wall Street, the buy-side pro's that destroy the market, don't advertise their strategy and prefer to remain anonymous. There can be advantages to obscurity until the timing is correct.
I've shared the DD I'm willing to disclose on this site, so it's their to read.
And I stickied your post.
Shall we put the over/under bet on the PPS March 6th, 2017 at +/- $.26?
First off, it's "naval", as in Navy, not navel.
I hope everyone here will try to stay objective and leave the mud slinging for pump & dump boards.
Have you read the links posted in the intro section above? I'd be curious to know what you think of all that? The days of LT are long, long gone.
Me personally, I've never recommended this too any of my friends in the four years I've owned it until last week, so I'm at a pretty high confidence level to do that.
Cool man, you could be right, but like you said in December, you haven't been following the company and don't know the plan.
This is either worth zero or it's worth multiple dollars. I'll start unwinding with real volume, like you said, we have no new buyers yet. Time will tell, and it seems probable that time is coming soon.
An observation: I bought 13k this morning at .27. If you look at the tape you'll see volume of 26k at .27 for the same minute I made my trade.
I've been skeptical of those worried about shorting, but I'm struggling to come up with an explanation for this...any ideas?
What is what? Did you not see the link?
This looks crystal to me, short interest is not an issue to be concerned about right now.
http://www.standardtrib.com/centaurus-diamond-te-otcmktsctdt-short-interest-decreased-by-74-43.html
I'm not seeing that, I got filled at .26 throughout the afternoon.
Yeah, I bought more for the first time in 3 years!
I don't think there is going to be a short squeeze like many of you are expecting.
Shorted shares outstanding are 48,000 according to Bloomberg.
I don't trust the numbers you all are looking at, but I'd assume those are gross numbers of shorted shares, not net shorted. So it's short volume but if you look at this report, it looks like the short position is inconsequential here;
http://www.fdanewsalert.com/centaurus-diamond-te-otcmktsctdt-sellers-covered-51-17-of-their-shorts/8510555/
As an aside, does anyone know of any other site that has an ongoing discussion of CTDT? I've never found one...
Are you visiting their office?
No splits involved. The increase was a result of promising news that came out late last year, summarized above in the company description.
Agreed, I thought about taking down the diamond image last month. I was relieved to see it and impressed when it came on the board a year or two ago. But take a closer look, nothing in that document tells you anything about the type of diamond tested. Theoretically, that form could be of a regular out of the earth diamond and we can't tell the difference on the form as presented.
And yeah, as exciting as the 6x increase this last quarter was, the market is a signal saying this thing is very very unproven.
Still happy to wait. It's like having cabin fever though!
If I was consulting them I'd say on point one regarding jewelry diamond imagery:
Given the stock's history with the 2012 name change and subsequent pump and dump, consistently late filings, and no revenues to date, CTDT needs to establish credibility with potential clients, shareholders, and the public.
You're not selling direct to consumers, your business will come from informed businesses that know the product, so it's not necessarily to gloss it up. It's patronizing to think all those parties can't understand or be attracted to the real product here. And the press the point it is dishonest, until your machines make one of those huge cut diamonds pictured you're embellishing.
On point two, documentation, which is all about credibility, it sounded like he deflected. They're supposedly making AIG mills in CA right now. I still cannot even find a picture of an AIG mill online. Also, who's property and who's employees are involved?
I'm not on the warpath, but those are things I'd be doing and considering.
Thanks for asking IT, I'm not really satisfied with what he said, but what I can do? Just wait and see.
So we should be buying into all the dips? Besides that being economically nonviable for probably all of us, it doesn't make sense. We're not going to see $1+ from anything we do, that's up for the company and then the markets to do.
Here's to a happy new year of seeing the power of being an investor!
Volume is still just as important as price at this stage.
A change in volume will exponentially effect the price, without it I wouldn't count on a jump out of this channel either up or down.
And I don't believe volume will come until legit news and cash flow.
-Next time I call Chaz I'm going to ask;
A) If CTDT isn't about jewel diamonds, why is that the only imagery on the website.
B) What prevents you from publishing documentation (e.g. pictures) of operations once they come online?
Shorting can be a good thing in that it allows for a market force to push down an overvalued stock, amongst other reasons. However in this case it's much more likely to come into play in a manipulative way.
However, I continue to questions whether a large short position even exists. I don't trust the data from buyins.net on its own.
I also question if anyone can even possibly buy CTDT on margin. If you can please let me know. For everyone who has read their broker's margin account rules, the amount they can borrow to increase leverage decreases with lower priced shares. I have Scottrade and you cannot borrow on margin for anything under $4. So I still think it is technically impossible and practically (as in the risk-reward isn't ther) is undesirable.
I'm mostly going off of personal experience here so I'd love to hear otherwise.
BigDaddy,
Just to be explicitly clear, the AIG mill machines they intend to sell are different from the Magnateck technology that is the core of this company, it's another patent Snaper invented and is a means to generate cash flow.
Yeah,
Just exchange emails if you want to continue to argue.
I reposted the first part in order to show people it was going on in hopes of diminishing needless back and forth in the future.
I don't want moderators deleting every single negative or neutral post was my intent.
Bizops,
I reposted the discussion between you and Baja b/c I think it's valuable for everyone to read.
You both had valid points, but we should all agree arguments that decay towards discussing 'fascist' policies will get old, fast.
Skeptics should be welcome, they don't have to back up every statement, but if it's clearly irrational and in poor form, it should be deleted, it's a judgement call.
I'm sketpical myself on some of the things Chaz said, he shouldn't be telling shareholders how to manage their account. If the company gets to revenue positive, shorts won't matter in the long run.
-Chris Cass
I've been editing the intro, trying to make it as user friendly and informative for new visitors to get a quick overview. I'll curate certain links and posts from users up there as well.
Well the party hasn't started and won't start for another 1-2 quarters, but the speculation has cooled off.
It's interesting how volume has dried up, I wonder how much if any the Buyins.net report has turned the MM's off?
Interesting post out today; http://money.cnn.com/news/newsfeeds/articles/marketwire/1233898.htm
Looks like those claims are large short sellers is true, I'll be sorting through to make sense of these reports.
Finance.google.com has been posting news reports well this last week, fyi.
Can you post a link to this site listing 20 mm shorts?
Until I see it, I can't believe why anyone would still be short when this stock was at .03 for the last 2+ years. Either they shorted much higher and covered by now, or they made what can only be a reckless bet.
I disagree on the split idea. For a company to be "respectable" it needs to rise out of the penny stock arena, which is everything under $4, though getting above $1 will go a long way in my mind in attaining that status. There are now over 130 million shares outstanding, while it is true that most of that is either held by insiders or held by very strong hands, I don't know if increasing volume is as important right now as waiting for revenue and a clearer business model to unfold.
Once operations get in gear investors will be able to get a more accurate estimate of future cash flows, the price will rise accordingly, and volume will take care of itself. The reason volume is low right now is because most of us are holding until the price rises to a fair value of what we think it can potentially be 3-5 quarters from now.
All my personal opinions, I'm open to being wrong.
$CTDT is coming back to life! Up big this week and more to come. Revenue is right around the corner.
Not too late to do your DD and get onboard!
I think I can shed some light on this. I first heard about CTDT in July 2012 when I followed penny stock pump and dump boards. If you look back at the charts you can see it first IPO'd it started above .75, quickly hit sub .15, the pump and dump commenced and drove it up to .30+ for a day or so before crashing. Some bag holders (we've all been there) were left buying at .34 or so, I'm just impressed you held onto it for so long.
I was able to buy at .12 and sell at .30, once the crash was over I realized this was a real company and bought back in at .03.
Better to be lucky than good any day of the week...
Radovich Interview here:
After speaking with Chas Radovich I got some clarification on the news release. Definitely in line with your post as well Bizops. I believe he mentioned a client was lined up to sell mills to. I didn't quite follow how the mills fit into the diamond cultivation process but hope that is more clear when the future patent is announced. It's not a pivot away from the diamond business, but a synergistic (and revenue generating) addition.
He mentioned more news to follow in the next weeks as well.
Yeah Pony, two news posts in a month is good momentum. I'm trying to figure out how this fits in with the business model. It sounds like the mills process minerals into smaller pieces (~2mm diameter for a 600 mesh). Are they pivoting, or just expanding their business and how does to effect their plans to start making diamonds one of these days?
Does anyone know what the inputs are to the Magnatek process?
Link: http://www.marketwired.com/press-release/centaurus-diamond-technologies-inc-acquires-autogenous-impact-mill-technology-aim-prepares-otc-pink-ctdt-2076507.htm
I didn't notice the additional shares issued until today. I posted the relevant part of the last 10-Q below but my thoughts are it would appear they paid themselves back and then some with the first 30 million, and they didn't explain what they needed to do with the second 30 million issues. I think we've all expected dilution eventually and it's been far better than I anticipated two years ago, but this would be very frustrating if not for the share price coming back up to 6 cents lately. Thoughts?
Also, an interesting development: http://www.businessinsider.com/diamond-foundry-raises-money-from-leonardo-dicaprio-and-other-billionaires-to-grow-diamonds-2015-11
---------------------------------------------------------------
Note 7 – Stockholders' Equity
Shares Authorized
Upon formation the total number of shares of all classes of capital stock which the Company is authorized to issue is four hundred fifty million (450,000,000) shares with a par value of $0.001, all of which are designated as Common Stock.
Common Stock
On June 8, 2015, the Company issued 30,000,000 shares of common stock at $0.018 per share to pay down $150,000 of the advances from shareholders. Since the value of the shares issued is $540,000, the Company recorded the difference between the $600,000 and the $150,000 as loss in extinguishment of debt for $390,000.
On June 8, 2015, the Company issued 30,000,000 shares at fair value of $0.018 per share for a total of $540,000 in exchange for services.
On June 8, 2015, the Company issued 1,000,000 shares at fair value of $0.018 per share for a total of $18,000 in exchange for website design services.
Note 8 - Commitment
The Company signed an agreement to issue 6,150,000 shares of common stock as consideration for the acquired Autogenous Impact Mill Technology. The shares have not been issued as of June 30, 2015
Wow, enough volume to get me out of my bear lair! I'm still waiting for revenue to get excited. Until that happens the best we can hope for is another 3rd party pump&dump as far as I can see.
In terms of valuation; I'd love to hear anyone's thoughts. I'm thinking a 4x annual revenue ratio applies; meaning that with 73 million shares outstanding we'd need about $18million annual revenue to reach $1.00 a share.
That's the face of the man who will save us all? After reading his BS writings the last two years he actually looks far more trustworthy than he sounds on paper. You know, it's not even about this scam of a player who's been somehow involved all along.
Today I'm officially throwing in the towel. I've been here 2.5 years, I visited Snaper in LV last year, and still own 600k shares which I probably will always own b/c no one will ever buy them. I've got to be one of the biggest suckers in this thing, and it's OK, I learned my lesson, I'm truly done with pennies for good.
To those who continue to hold on, go ahead, but just be open to accepting you might be wasting time and money on these endeavors and ask if there is something better you can do.
I'll be the first to rejoice if I'm wrong, but I'm afraid I'm not. I'll still check in from time to time as I always have and not said much, but I wanted to make it clear I'm over this.
Cheers,
Slow your roll my friend, this has been trading (or rather, not trading) like this for months now.