Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I disagree- JB has turned his back on the tape biz. Pak It and Javaco? let's face it: nobody bought in because of the explosive growth potential in cleaning products.
P20 is the whole enchilada. If it works, redemption is achievable but at a much slower pace. Even if all goes to JBII's plan, the old adage "fool me once...." will limit the upward growth: suspicion has supplanted euphoria. And even if the PPS rises, folks are not going to be caught not locking in profits the 2nd time around.
PPS increases will only follow revenue growth and actual earnings. IMO, this mean JBII is dead money short term.
.67 for me. Sold half above $4.50 and will hold the other 5K because I like the drama so much!
If the P20 process works, is permitted and runs successfully and continuously for more than 3 months with no surprises that require a shut down or tweak, I don't think they'll be raising money at .80 a share.
If the above is not true, i don't think they'll be raising money. Full stop.
I wouldn't say "worried". Sounded to me like Quirk was trying to ferret out a time frame for the genetic tests/commercialization, be it a kit or an FDA approved test.
And the answer I heard suggested that there will be some more waiting before that question is relevant.
Didn't address any issues about permitting at the blending plant....IMO, even if the P20 technology all works out, he'll be lucky to be selling juice by the end of the year.
Yup, JB was a bit too excitable in the past. I hope for our sake he has learned to zip it until he actually has results in hand.
Look, P20 is a new and emerging technology. There's always cash burn up front as processes get tweaked, engineers get paid and discoveries are refined. If he hadn't promised so much, we'd be happy with the current PPS and progress to date. The psychological blow of falling from $7 to $1 certainly creates the aura of "loser" and is the consequence of too much unbridled, unsubstantiated claims by JB himself. By itself, it doesn't mean that the P20 concept is fatally flawed.
So the question here is the same: (and it's not do you trust JB?) It's "do you think P20 will work? Are you happy that the 02 sensors are indeed fixed?" "Will the compressor do the job?" "Are there any other secrets we don't know about yet which indicate a weakness in the process?"
JB was a little less cocky about the stack test in the CC, which is as it should be because if nothing else, he knows by now that he doesn't have all the answers in hand.
Maybe HDC knows something about the future of the company...like why they won't require the services of a President and General Counsel, Principal Financial Officer and Principal Accounting Officer.
I bet Quest has a few folks who could fill those roles quite capably.
I see Bruce is the proud owner of 100K new shares. Nice deal he got too! $5,800
I may indeed be a lesser person as you state (and BTW, I've had posts on this board deleted for far, far lesser personal attacks and snipes).
In my defense, I can only categorically state how much of a lesser balance my portfolio would have if I had heeded your positive minded advice at any time in the past, since, say, Sept. 2008.
GLTY
Rah Rah
How else would," the whole market have impressive reasons to be a new shareholder" next week.
If the moderator's evangelical innuendo about CTGI and its earth shattering PRs excites you, either haven't been around the board for that long or you need to review similar posts from, say, September 2008 onward.
If I had a dime for every rah-rah post that never amounted to anything meaningful for the company, I'd easily have doubled my share count by now.
Dumping for sure, but not necessarily the sign of a skeleton in the closet.
There are lots and lots and then some more shares in potentially weak hands which could hit the market (and would appear to be) anytime. All those shares that DR held so tightly (can the man at least get some post mortem credit for that?) Who has those shares now? And all the lawsuit shares....when are they free-trading? And our old pal Allison has his 100k shares a month to churn through.... At that's not all of 'em.
CSMG is acting more and more like a classic pinkie: PR's that promise events that don't happen as forecast, sneaky increase in the O/S, no accountability, large blocks of shares that can't be tracked, PPS that keeps on diving.
Hmmm, I don't recall ever reading in a CSMG PR or filing that the company had arranged any financing with JLI.....link please?
Ironic that you find my post presumptuous based on the presumptions you're willing to accept in your own.
My post/presumptions are based on the one reality, the only meaningful DD available to any holder of a pink sheet company: the current PPS
GLTY
Thoughts?
This is the same Bruce Jones who was unaware of DR's dealings with Frank D..... all these people working for free have to eat and feed their families. Time for CSMG is, no doubt, allocated accordingly.
There's been a lot of shiite-talking about DR now that he's 6 feet under, but he was the SOLE champion of this company who put his money where his mouth was. For better or for worse, all the rumor and talk of bridge funding, IPO's and JV's, is a result of DR's legwork. He made stuff happen. His loss is potentially unsurmountable, especially based on the lack of execution since his death.
Now we have a flea circus at the top; everyone waiting for the $$ to happen before they'll put in the work that describes their lofty job titles.
And who could blame them based on the lack of progress to date?
The same happened to me with BMOD. And given that I'm calling from Sydney, it was a real pain in the azz, but well worth it... Make sure they give you the online trading rate and not the broker assisted rate. You gotta' ask for it or they stick you with the higher fee.
I liked the story better when she wasn't around since 2008......sort of how I feel about the stock price too......wonder if her deal was similar to Frank's......
The only difference between this post today and this post 3 years ago is 40 million shares additional O/S. The song, as they say, remains the same.
Is there such a thing as LTC shares?
wonder how many shares that "satisfaction" cost.....
I'll take you vs the 800....maybe 80.... pound gorilla any day!
I think it's fantastic, what you're doing. I read the board regularly and will continue to lend my moral support FWIW as you press ahead here.
Look, I'm long here, but if you sincerely believe that the latest PIPE investors are going to smile and look the other way when seriously damaging material information to their investment was released the day after the PIPE closed, get serious!
Now maybe the information about restating the financials didn't cross JBII's radar until after the PIPE closed, but if I had made that investment, I'd sure as hell want to know legally and certainly that that was indeed the case.
You would have to be dense not to realize that these investors wanted to fund the company directly, AND THAT IN ITSELF IS AN AMAZING TESTAMENT TO THEIR COMMITTMENT TO THE COMPANY
Dense??? Me???
Investors have a single commitment and that's to their money. They might have altruistic notions about "correct" investments, but they are in the game to make $$. That's it. If you don't accept this, you would have to be dense indeed.
Yup, even as a long, I'd have to agree with your post: 1 day after the PIPE closes and the PPS tanks......gonna' be some lawyers making money in the next few weeks, whatever the outcome might be. You fight lawyers with lawyers, and that costs lots of $$$.
Looks like JB has shut down shop on the FB 411 for the time being....guess you gotta' circle the wagons when under fire....
Anyone have any clue about the following? it's to do with the "simple permit" we're all anticipating:
1. Has JBII had any contact with the permitting authorities since the application was filed? Is it possible that the data submitted by the company won't be enough to deny/approve the permit?
I hope this isn't the case.....on the other hand, if it were the case, I doubt there would be much concern about the .80 PIPE shares flooding the market.
I'll continue to hold, still above water on my 1.01 average. JB doesn't strike me as a crook. Naive to be sure, but he's not the first person with virtually no experience who thought he'd re-invent the wheel. JB had cred, now he has none, but he seems too smart a dog to get sprayed more than once by the same skunk.
Can't say I'm likely to buy more until news of an actual buyer comes to light. Just goes to show that no share structure can't be squeezed for a few more dollars......
yup. Looks like they're just the next holding company, still shopping for an actual company to merge with the former CCKH shell.
Also looks like the bag just got 46 times bigger for holders here.
I would be a much happier investor here if HDVY never appeared in a BioMed Reports publication again.
Thanks for the update lowman.
Always good to know that the Vice President and Chief Financial Officer (Bruce Jones) doesn't have a handle on the company's finances. I guess he's just been too busy over the past year to keep on top of things. I wonder if he's up to date with La Jolla (the ones who want the money from the last round of toxic convertible financing)
something about a cart and a horse ring a bell?
Thanks for the leg work and thanks for sharing.
TDGI
http://beta.rottentomatoes.com/m/racing_dream/
Reviews for Racing Dreams can't get much better at this point.
The Company will pay a monthly fee of $10,000 for Dr. Albitar’s services and, subject to approval of the option terms, will issue him an option to purchase 1,000,000 shares of common stock based on commercialization of four new molecular diagnostic tests.
Hopefully new means not yet even on our radar: not the urine test, not the breast cancer test.
No way of knowing any details of a R/S. That's the lottery ticket aspect to all Meuse shell games- they could hit very big or they could be heavily diluted. I'm personally up here but I have to let the free shares ride as long as possible.
That's why DYER is pennies per share.
The key to consistent success IMO with these Meuse shell plays is to buy early and be prepared to wait. DYER languished for a long time before its last move. If you want a guaranteed profit, sell on the first spike up.
Crickets chirping here. It'll be the same as long as we're a stock with a story and no happy ending. .15 a share, .30 a share, .09 a share.... You tell me why, on a day to day basis, the stock has been priced the way it has over the past 6 years. Manipulation here? No doubt about it.
No doubt as well it will continue until HDC announces what we all believe they will announce and why we bought the friggin' stock in the first place. In 6 years, I've seen nothing substantial to make me doubt my initial investment.
Barnhill has his money and his scientific and entrepreneurial reputation already established. IMO, he's working toward something much bigger and more revolutionary than a successful test or JV. I've been here for 6 years so I understand the frustration of many on the board, but personally, I'm not offended as a shareholder because Barnhill has always been consistent in how he communicates (or doesn't) with the world. It'll happen his way in his time.
Until that time, we keep chirping.
Does anyone else find it implausible that, given the price of he shell, the 123 million tax loss carryforward is transferable?
I mean it has been years... 1000's of RMs have occurred while the PPS here has foundered. Why wouldn't one of those 1000's of companies have purchased this shell and used the 123 million for themselves over this time???
Try 151,306,806 for the OS
And a counter proposition:
You name me 3, just 3 stocks that have had a run from .04 to 2.39, then tanked to under a dime and ran to 2.39 again.
Added yeasterday. I'm still holding dry powder if this dips after the last PR glow diminishes.
Also have a stink bid in at .05 in case the mm's want to part with a few more.
I think the new team is very impressed with LTC.... as was the old team of Frank D and Richard A. Why else would professionals of such stature sign up if they weren't very, very encouraged?
That said, we don't know what Frank D and Richard A were promised. Nor do we know what the new team has been promised, both in terms of compensation and in terms of a working captal budget.
We do however, know that the big fish pull out quickly when their conditions, ostensibly agreed to by management, aren't met.
All we have now are a lot of "seems".... ever read Hamlet?
And while we wait and speculate, large shareholders liquidate. Hence the current PPS, a trend that could and most likely will continue until CTGI management produces.
The story here hasn't changed much in many, many years: no tickie, no laundry.
I just get the feeling that someone's really trying hard to create mass selling
IMO, if it looks like mass selling and the PPS acts like it's mass selling....well. you connect the dots as you will.
Downward pressure on this stock has been raised here before and promptly dismissed for the usual reasons: lower priced shares, shorting, etc, etc, etc.
Let's look beyond the downward pressure from large shareholders who are well documented potential sellers of CTGI to the bigger picture:
The new management team was announced how many weeks ago? And still no sign of meeting those contingencies for their accepting their new roles (bridge financing).
This is not the first time that CTGI has had top-notch industry pros on their roster: Frank D and Richard A got us all quite giddy. Where are they now? I hope this time around that things work out as the compnay forecasts, but from a realistic POV, the old adage "fool me once..." might be worth reviewing.
here's a scenario:
1. In his role at DGX, Dr Albitar begins working with HDC on the prostate test.
2. Dr Albitar sees an application for SVMs that Barnhill and crew hadn't previously recognized
3. Dr Albitar knows that he needs the HDC technology to bring his new ideas to fruition
4. HDC knows it can use Dr Albitar's idea to boost the company's test/services range
5. They strike a mutually satisfactory deal
6. I sell some other stuff and pile into HDVY
7. One announcement of a successful test sometime in 2010 validates every other test in the pipeline and sends the PPS into the dollar+ range
8. I give my '94 Corolla to the nephew
Bingo
Maybe Gordon, maybe Greenie, maybe.......
There's a healthy list of possible sellers with lots of shares and little love for CTGI out there.