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I hear ya....
Speck,
Welcome to the CTGI Board. Perform your DD over the
next day or two. If you spread it over a few months
you'll miss out on a double/triple. Most of us think
we'll see a $3+PPS during the 2nd QTR and $5+PPS
before the end-of-the year.
Let's not be too harsh on DR for retaining Schaffer. Last
November DR probably knew of the FDA delay in approval and
that it would ultimately be approved by June '08. Schaffer's
publication helped support (and increase) our PPS, from
which we all have benefited.
However, as Ninj so eloquently stated, the error was Schaffer's
lack of exposure.
Ninj,
I scanned thru the 10K which still indicates that CTGI
owns 86% of LTC, but found no reference to who owns the
remaining 14%.
If CTGI retained 52% of LTC after an IPO we would be
worse off. That would mean we would be giving 34% of LTC to the public for the $30M and the Market Cap would be
only $88M or only $2.32 per CTGI share.
The P/B calculation after the IPO would be as follows:
Book value of $31M (BV currently is only $1M)
divided by 38M shares = $.84/sh. That times 4 = $3.35.
To complicate the issue further we have to factor in the
shares of LTC that Empire will receive to pay back their
$7.5M loans & interest. They'll get 1.5M shares assuming
a $10 IPO PPS. Empire gets their shs at 50% of the IPO price.
Here's a revised summary:
12.9M shs or 66% CTGI
2.1M shs or 11% Dr Paton or ???
3.0M shs or 15% IPO (the public)
1.5M shs or 8% Empire Fin'l
19.5M shs 100%
It's going to be very interesting.
LM, Don't forget your sunscreen lotion!
Gamood, I can't immediately find it, but some place I
read that Dr Paton owned the other 14%. Maybe LM or Ninj
can confirm.
This is from the top of our IHub page.
United States Patent #7,025,764 Paton, et al. April 11, 2006
Assignee: Live Tissue Connect, Inc., an 86% owned subsidiary of CSMG Technologies, Inc.
"Bonding of soft biological tissues by passing high-frequency electric current therethrough"
Ninj,
Thanks for finding and posting this letter to shhrs.
If we update the LTC #s for the latest thinking on an
IPO, it would be approx:
Issue 3 million LTC shs @ $10/sh in the IPO (raising
$30 million):
Ownership then would be approx:
3.0 million shs or 16.6% owned by the public;
2.1 million shs or 11.6% owned by Dr. Paton;
12.9 million shs or 71.7% owned by CTGI;
There would then be 18.0 million LTC shares o/s with
a Market Cap of $180 million. 71.7% of $180M would
flow up to CTGI and divided by 39M o/s CTGI shs would
take us to $3.30/sh. If the IPO is well-received by
the market and LTC price goes to $15, CTGI would hit $5.
Whatever CTGI does with LFG will be above the $5.
Not to mention Sarbane-Oxley rules.
Terrific news!!
http://www.vir-eng.com
Here's ViR's web site.
Here's Rus Redmond's bio (President of ViR)
He has 62 patents.
Russell J. Redmond, President of ViR Engineering, Inc.
Russ has over 28 years of product development experience in the medical device industry as well as 5 years spent with U.S. Divers Co. developing life support equipment for the sport and commercial diving field. Prior to co-founding ViR in 1984, Russ held positions of increasing responsibility in American Hospital Supply Corporation's Heyer-Schulte Division, starting as a Project Engineer and completing his tenure as R& D Director of Heyer-Schulte's BioMedical Specialties segment. Russ holds degrees from California Polytechnic State University, San Luis Obispo, CA. (BS Aero & BSME) and is a registered Professional Engineer (ME) in the State of California. Russ has been named as inventor on 62 US Patents to date.
Ovid,
Funding for the equip purchase came from cash
provided by our bridge lender, Empire, or CTGI
stock (probably restricted) or a combination
of the two. Empire's pay-day comes with the IPO
of LTC.
Regarding the fluff PRs: Doesn't it make good sense
to issue PRs (for price support) while we wait for
FDA approval? Without the PRs, which tell us CTGI is
moving ahead worldwide, where would the PPS be?
Obviously the FDA has asked for additional info that
takes time to develop. Jag may be right-on with his
June guesstimate. I'll toast my glass to his winning
wine glass.
Been vacationing in Destin.....just caught-up
on the last 3 days' postings. Many good points
and dialogue have been made. We're fortunate to
be CTGI shareholders!! GLTA. and
HAPPY EASTER!!
Within the last hour Schwab added CTGI
and deleted CTUM correctly.
Rossi,
Great post. If our CO2 separator can
sequestor and store, the LFG subsidiary
will be bigger than LTC.
HAPPY BIRTHDAY MIKE !!!!!!!
Your best BD present is on-the-way.
I was wrong on my post this morning. New certs will
have to be issued. New certs apparently were not
issued last year when the name was changed, so they
are now with the new symbol.
The company name has not changed....only the symbol.
I think the OTCBB administrators implemented the change
sooner than management expected as well as all the
brokers and news reporting services. New stock certs
will not have have to issued.
From Lowman's 17332 post:
Seems that affordable CO2 separation technology is much needed in the coal-fired power plant/energy sector, a sector of which an affordable technology could reap rewards that far exceed even LTC's potential.
This a big big deal!! The electric power companies,
particularly, the independent power producers (IPPs)
that have coal fired plants are under severe pressure
to reduce CO2 emissions. If CTUM's CO2 separator equipment
or what Surgiy might develop,could somehow provide a method to capture the CO2 emissions, we've got a gold mine!!
As gamood asked in 17359, I wonder how it will function.
Thanks Lowman for your for post!
Remember Empire is providing the financing we need
for operating expenses. And they will be rewarded
hansomely!! Their loans & accrued interest (over $5M)
are convertable into LTC stock at half the IPO PPS.
we're in the same boat!
Thus Cramer's philosophy of "buy on the rumor...sell
on the news". In our case, however, the news will be
followed with more news and then more news, and then
more news, and.....
Buy & Hold
cass
jonesie, if the upper trendline started earlier in
March 06, wouldn't the slope increase and reach the
$1.75 level? I'm not good at TA.
To be on the NASDAQ's daily list of Top 25 % Gainers, the PPS
has be over $2. Let's hope the day CTUM goes over $2 per
share, we're on that list. Everyone in the world will
then know about us.
Could this be CTUM in the near future? Pfizer to buy Encysive
for $195M. Encysive has only one FDA approved drug, and an another drug (for blood pressure) with EU approval & only $25M is sales.
See press release below. (Encysive is a Houston based company)
Pfizer to buy Encysive for about $195M February 20, 2008 9:39 AM
All Associated Press newsNEW YORK (AP) - Drug maker Pfizer Inc. says it will buy biopharmaceutical company Encysive Pharmaceuticals Inc. for about $195 million to strengthen its portfolio in products treating high blood pressure.
Pfizer will make a $2.35-per-share cash tender offer for Encysive.
The acquisition would give Pfizer the rights to Thelin, an oral drug approved in several European Union countries that treats pulmonary arterial hypertension, which refers to high blood pressure in the pulmonary artery.
Pfizer says it plans a late-stage trial of Thelin in the United States to obtain approval for the drug by the Food and Drug Administration.
Encysive's board of directors unanimously has approved the agreement and recommended its stockholders accept the offer and tender their shares.
The deal is expected to close in the second quarter.
With Nat'l Gas up to $9, we may need to
crank-up the CO2 separators...the ecomonics
are improving.
Curious about extending the warrants. (Ninja's #5)
The 890,900 wts o/s at 9-30-07 have expiration
dates in years 2013 & 2014.
TrainingSurgeons,
It's been 3 months since we've heard from you. Please
continue to post....your industry involvment can be
very educational for some of us. Plus you can start
telling the surgeons (during training sessions) about
the great products LTC will soon introduce.
Do you have any insight into whats going on at the FDA
regarding our 510k filing? What's the word on the street?
Regarding your $75M sell-out price and a run-up to $3/sh:
They are somewhat inconsistant in that $75M = $2/sh and
$3/sh is $115M.
Thanks for posting and welcome back.
Great find & post!!
Your alias should be 2stepsahead!!
Maybe Cabelaman’s right!
Guys....$100 PPS means $3.8 Billion.
Not to sound like Jag....but that's
a little high.
You're correct that we can buy penny stocks in
our Schwab accts. Last July they would not accept
my CTUM certicate to put in my acct.(Purchased elsewhere).
I think it was a recent policy change. Now, however, the
cert has been safely deposited in my trading acct waiting
for that $5, $10..+...pps.
If later this year, after LTC has their IPO, CTUM's
PPS is $8.00, LTC would have to have a market value
of approx $460 million.
LTC 14% owned by Dr Paton;
LTC 20% owned by the public; (assumed)
LTC 66% owned by CTUM.
($460M x 66% divided by 38M shs = $8/sh)
Is that kind of valuation realistic? I think it may be,
however, I don't how the industry might value LTC, although
Dane gave some interesting examples of some nice run-ups.
Note: No value has been assigned to the CO2 separator.
tex,
My wife & I had the exact same conversation this morning.
" $1.35, up a couple pennys,...low volume,...$1.36....
no news....$1.37....$1.40...wow!"
Correct, we are no longer a penny stock. I've been holding
a CTUM stock certificate for 7 months because Schwab would
not take a low trading volume penny stock. Today Schwab gladly added the stock cert to my trading account.
rose, I guess you had a good nap!! Nice to wake up to
a $1.40!!! I think we all are going to have a good
weekend.
Great work ninja!! I'm sure MD will send the Research
Trophy to you for the week.
Apparently Steven Delco is performing his new LTC
duties very very well!!
Dane,
The poor guy.... he was so upset he transposed the #s.
He meant either $1.36 on maybe $1.33. (I transpose even
when I'm not upset).
Kew,
Read posts #15619, then 15688, then 15649.
Ninja,
Thanks for introducing Stock GumShoe to the board. I was not
aware of the free service, but have always wished there was
a watch-dog truth indicator on these teaser stock alerts.
Surf,
Thanks for providing the link!!
Fun reading.
Stock Gumshoe invites the reader to report back
on their own DD. Has anyone let them know that
CTUM is for-real and Stehpen Oaks teaser is accurate,
albeit exaggerated?
Jag,
I nominate you for the "Comedian-of-the-Week Award"
Keep it going. We need the laughs while we wait. lol.