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And on that bitter note, today I hope to bid adieu to 1/2 of my CTGI shares today (around 50,000). Looks like I'll be lucky to get .06, but given all the other active, promising companies out there, CTGI fails, for me, the most basic of investment litmus tests: Would you buy the stock at today's price based on the information avaiable?
I'll hold the other mainly free shares for the "hail mary," especially as it looks like additional shares can be had in the sub-dime range for the near term (at least) if the "hail mary" gets answered.
100% share appreciation from here and even Jagman and his .15 shares would be well under water.
Looks like the competition is hot on the trail:
http://finance.yahoo.com/news/Bovie-Medical-Corporation-bw-15287227.html?.v=4
When I look at other companies submitting 510k applications and their share price, I'm absolutely flummoxed as to how DR let the CTGI PPS fall to this level. I doubt he could have consciously engineered a more effective takedown of the PPS than what has happened here in the past 6 months.
From the HEK filings:
"On May 4, 2009, the Company cancelled 15,527,900 common shares that were issued to former China Water management and insiders, and approximately
1.5 million shares underlying warrants issuable to them in connection with the acquisition of China Water. The Company believes that China Water’s prior
management misrepresented the strength of the China Water business, and may have diverted corporate assets. The Company has taken these self-help actions
and may seek to take other actions against former China Water management and insiders in the future."
And:
"The business we acquired in China is not currently as strong as we had anticipated. Sales for the first quarter of 2008 were disappointing, reflecting
the downturn in the China economy.
• In addition, the financial reporting systems we inherited, which we knew were deficient at the time of the acquisition, continue to be a challenge."
As well as the timing of the deal being a bit rough (too bad they didn't make an offer until Nov 2008!), it sounds like HEK's acquisition didn't pan out the way their DD suggested. Share cancellation could certainly provoke a counter legal action by the former insiders of China Water.
I guess it shows just how tough it is to do straight up business in China.
I like the industry and the management team. And you can't do much better with the old adage "buy low, sell high" than HEK. Hopefully the insider buying outweighs all the question marks about the future.
I followed Joe's pick's, which have worked out really well for him. The big difference here is management: FEEC is run by Houston oilmen, who were invited to the table by the Chinese. It's been a thin trader for the most part, but the volume this past week has been abnormally high.
How many times have you seen a sudden spike in volume followed by a PR in the next few days?
Leaks are part of my DD, lol.
FEEC. China CBM play with a big uptick in volume this past week. Something's up....PR to follow soon perhaps. It's been flying quietly under the radar, but with a recent JV deal and a rise in commodity prices, it's wound tight and ready.
Nice surge in volume lately. Someone knows something, which is often the case with company biz. Hopefully there will be a PR in the next week or so outlining a deal to sell CBM gas.
I think selling the whole company (LTC) might very well be in the cards IMO. DR certainly knows now what a massive amount of $$ and connections it takes to commercialize a product. For a while there it loked like he might be able to line up the connections, but the money was never really all that close in retrospect.
So I'm not too surprised that no one at any PR companies answers your emails. Why pay the trimmings for a business venture that isn't going to happen? DR has a lot of shares, but I don't know what his cost average is. I'm guessing .62 or better plus <5% of future revenue gets a deal cut for the whole enchilada.
Then if he still has the stomach for it, he can concentrate on the emission scrubbing arm of the biz.
Agreed. The story here hasn't gotten anything BUT better since I bought in 2005 (give or take a few lawsuits).
Both of the CTGI business arms, LTC and clean carbon, are in hot sectors. Especially with carbon capture, there's a lot of stimulus money coming avaiable. DR needs to cut a deal of some kind to get this company off the mat and back into play. On the PR front, the company is in purgatory and will remain there until a deal is cut. The days of newsletters, paid promos and conference presentations are over for now.
Ironically the PPS build up from last year, when there was a lot of anticipation and PR around FDA approval, is gone now that we have FDA approval.
Low volume days.....I'm still satisfied that insiders aren't selling any shares.
.40 should fall this week. Volume's been a bit sparse lately, but the story here, as with other China energy stocks, is starting to catch on with investors in the USA.
USA.V has been printing excellent news for months. After steady climbing, this should finally explode.
That's a long bow to draw. There was certainly some pump here- that's what message baords are all about. But unfortunately, very little dump. Also, insiders don't buy up shares at 10X the current PPS in a P&D scheme.
Since hitting the Pinks, volume has been dead. I guess that means DR and fellow insiders haven't been actively selling, which can only be a good thing.
In it's prime, this stock was the retirement vehicle for Lowman all the other zealots. And it actually offered glimmers of hope. 04-$2.30 is a great run for any stock, and there was plenty of time to liquidate your position on the way down. Those of us still holding the nearly empty bag are doing so for one reason only: GREED.
Started a position yesterday at .33
I like the upside here, especially the deal with Arrow that gives feec instant $$ to move develop their own field. Hope to see a sales contract soon for the well they hit in April.
China's the future in world economics. It'll be a bumpy road to get there, but those in the commodity sector who get in early and receive approval from the Chinese governemtn will enjoy the profits.
FEEC, Far East Energy, .34
Coalbed methane play (huge) in China which has risen as of late but has much further to go. Lots of recent insider buys and a JV for one of their properties with an Aussie comnpany that will carry the load of drilling and exploration in return for 72% and a potential 63 million dollar payout. FEEC should be free to concentrate its time and cash on the Shouyang Block.
Close to a pipeline for the methane. The company is run by some industry pros.
I started a position today at .33
http://www.fareastenergy.com/index.php
Easy now, Jag. You've been given your props for your suspicions about CTGI and your PPS predictions. I've been here for a while, and like for most of the other posters here whose names I recognize, huge gains were there for the taking. We just didn't pull the right trigger.
Readers of Lowman's posts understand that the evangelical support he brings to his picks never includes much in the way of "sell" advice. So it goes. Any individual who buys stock based on message board tidbits deserves to, and usually does, lose every nickel.
But where's the class in twisting the knife a bit deeper? Why kick a guy in his wallet when it's empty?
Good points. DR cut some deals which suggest he was playing with guys a bit shrewder than himself. Perhaps had he been successful in executing his business plan, if there ever was one, none of these lawsuits would still be on the books. As it is, DR and legal counsel have been consistent in one way: they've lost every trial or appeal to date. Cha ching $$
Some numbnuts placed a market order IMO.
AGT fantastic news that they can sell the physical and pay the hedge at the prescribed rate. It seems too good to be true at today's POG. It's like not having a hedge at all, unless I'm missing something.
"Old timers here are mindful CSMG apparently was once offered $25 million for just one LTC application."
When was this? And could you link me to the information please?
TIA
As per my last posts, it wouldn't surpise me either to see the pink sheets. Actually, the surprise would be if we didn't fall to the pinks. And if you think it's a dead stock now, wait til the PK gets added.
Finding a buyer for LTC may not be so straight-forward. DR will certainly be asking any buyer to pay off the huge CSMG debt as well as pay for LTC.
Finding a partner who will cut us a % of revenue for LTC rights for the duct sealer and everything else is more possible IMO. That said, DR first has to convince someone that LTC is wothwhile. So far, that hasn't happened.....except for Lowman, lol.
So my question to the board is: what's the advantage in letting the company slide to the pink sheets?
Gents, sorry for any confusion. To clarify once and for all, if you read my original post following my talk with DR, you'll see what I posted was the gist of my conversation with him.
My post was not a verbatim transcript of our talk. As I told ninja in the previous post, forget the word "filings" as it's my word that I used to mean any and all information that the company disseminates.
DR did not say "filings." The meaning I took is more akin to something like "press release," "news" or "announcements".
There's no great subtlety or inference to be had from my post.
To re-cap the conversation with DR:
1. DR is still actively working on developing something for CTGI.
2. Frank is still the President of LTC
3. Don't be at all surprised if CTGI doesn't file with the SEC before the expiration of the extension deadline and cosequently has to trade on the pink sheets. If CTGI moves to the pink sheets, DR did say that he was committed to returning the company to fully reporting status.
4. DR did say that he thought I would be pleased by what I see in the future.
That's it. The gist of the talk.
Ninja, forget about the word "filings," as connected to legal financial documents like 10-K's and 10-Q's. Think "PR's" instead.
DR as much as said that there won't be ANY documents such as 10-k's and 10-Q's filed before the move-to-the-dreaded-pinks-deadline.
After my conversation with him, I will be very surprised if we aren't trading on the pinksheets when the next OTC BB filing deadline is missed.
My thoughts only. DR's words are those referenced in my first post.
Optimism, perhaps.... of what variety is the question. DR must now know that he won't be bringing LTC to market through CSMG. I think that at his age and with the time required to make LTC viable, DR is looking for an alternative to convertible debentures or other loans/share offerings under $$10 million. He needs to unload LTC to someone who can actually make it happen, someone with deep pockets and an established training and distribution network. Which means letting go of all the control. Maybe that's why he has quit filing with the SEC as well.
I only wish that he had committed to keeping CTGI on the OTC. On the Pinks, insiders can sell their shares with no Form 4.
I for one would be happy to receive a buyout for anything north of .25 a share with a cut of future profits.
DR returned a call today. We spoke for about 7 minutes. Here's the gist:
Me: I'm a bit concerned about my investment here.
DR: There are some things going on which can't be disclosed at this time. Look at the insider trading. You'll notice no insiders have sold.
Me:Is Frank still the prez of LTC?
DR: Frank D'Amelio has been and is the president of LTC.
Me: Will you have the paperwork finished in time to avoid a move to the Pink sheets?
DR: Well, I can't say that. If we move to the pinks, we'll uplist agin soon. (not happy Don)
DR: We're working hard. I think you'll be very happy with what you read in the filings.
That's about it. I'll add that DR returned my call because he saw an Australian number on his caller ID. I'm sure that he, like me, was hoping for better news from the call.
Fans of dark humor will like the fact that when DR called, my kid answered the phone and gurgled into the receiver for a while before I took over. Seems somehow appropriate that, given our current plight, the CEO was talking to 3 year old.
At least Frank's still here...and DR's still busy.
Called DR. Machine. Yawn.
SRSR.PK Cheap, well managed, about to prove up a monster Niobium deposit in Ontario. Niobium is the main focus of the NI, but the deposit could also include tantalum and other REE's.
http://nemegosenda.sarissaresources.com/
The IHUB board has some decent DD, including valuations and timelines which make a pretty convincing case for buying the stock at these prices if you believe that REE's will be in demand within the next 3-5 years.
http://investorshub.advfn.com/boards/board.aspx?board_id=8822
0 volume yesterday followed by a 1000 share paint job to close out the sell action today. An "E" next week.... Wonder if DR will take this private and be done with the current share structure. Sigh. Again.
Those of us still gathered round the bag are truly stuck: If I unwound 1/2 of my position now, this would be trading at .03 or lower.
I'm in Australia, but I'll try and call DR next week. Not looking for detailed information now.....just wonder if there's still any life left here.
SRSR.PK up 25% to .027 on 8X normal volume. Cheaper than any option plays out there.
While I agree that doing business with unethical and oppressive regimes should be disallowed, let's not forget, before you bag out the Chinese too much, that they have taken on a huge amount of debt from the USA in the past 15 years. The USA certainly didn't have to do business with China, but greed will win out in the end. The greed of the US government. Who talks about Tibet or East Turkistan anymore? And coal/iron ore exports to China are what has fueled the Australian economy in the past decade.
SRSR will most certainly do business with China if possible. Pink sheet companies with no revenue can't afford the moral high ground.
The exchanges have been much more lax in their enforcement of listing regulations. With the dive in price of so many companies in the past 6 months, exchanges would lose a lot of clients if they enforced all their guidelines strictly. Perhaps this is why we don't have an "E" yet.
Anyone else wondered if shares held by Esmerelda Robbins may have been recently sold without a Form 4 since she resigned from the BOD?
SRSR.PK .02
Canadian niobium explorer. Strong management, NI 43-101 due in the near term to confirm huge deposit. Once the NI 43-101 is completed, a move off the pinks will follow.
Sarissa poised to strengthen Canada's niobium position
by jennifer s. getsinger, PHD, Geo
Sarissa Resources, INC (SRSR-OTC Pink Sheets) reports significant new niobium-tantalum results and further developement for its 100% owned (subject to NSR) Nemogosenda Carbonatite Project, nothern Ontario. According to President/CEO, Scott Keevil, Sarissa recognized the property's potential four years ago through the geological knowledge of director Cam Cheriton (PhD, Economic Geologoy). The property on the easter shore of Nemegosenda Lake 50 Kilometers east Chapleau, was explored by Dominion Gulf in the 1950's and written up by the Ontario Geological Survey. In the 1980's reassessment of earlier results confirmed the possibility of a niobium-bearing orebody.
"There was no doubt there was an orebody-it just needed to be brought into NI 43-101 compliance," says Keevil. "And with the growth in the devleoping world, increasing the demand for high strength low alloy (HSLA) stainless stell, the demand for niobium products and grown markedly."
Sarissa director Alan Hawke (BSc, MSc, Geology) aims to confirm historical estimates of at least 20 million tons of 0.47% Nb2O5 by applying his expertise to a synthesis of know geological data and recent drilling results, which include averages of 0.44% Nb2O5 over 240 metres (including 45 metres of 0.77% Nb2O5) and 129 metres of 0.56% in two holes reported in April 2009.
Hawke says, "Results from past work, plus our own drilling, indicate this property contains not only one, but two world-class deposits of niobium mineralization." A comprehensive geological report compliant with NI 43-101 guidelines is expected soon.
At Nemengosenda Lake, Precambrian metamorphosed carbonatite (igneous carbonate rock associated with alkaline instursive complexes) hosts the niobium-bearing mineral pyrochlore, a rare earth oxide with a high percentage of Nb2O5. Although its name means green fire, pyrochlore is commonly reddish brown like garnet, but looks like spinel with its octahedral shape and characteristic triangular facets. Most field geologist find pyrochlore and its host carbonatite rocks difficult to distinguish from mineralized limestone or marble.
Dozens of caronatites in Ontario wer first identified using airborne geophysical surveys. Recognizing pyrochlore in drill core was made easier for clever geologist at Sarissa Resources when they noticed a correlation between scintillometer readings and Nb2O5 concentration, due to a small amount of included radioactive elements such as thorium and uranium in pyrochlore and/or in its associated mineral assemblage (for instance, zircon).
Because of niobium's unique properties, such as high heat resistance, high thermal conductivity, elasticity, corrostion resistance, ability to form stable adhesive layer of oxide, higher superconducting temperature than other metals and light weight in alloys, it is used in many high technology applications, from cell phones to bridges. Where strength-to-weight ratio or strength at high temperature are important, niobium is a preferred choice for steel alloys. For instance, the HSLA steel used to build the Millau Viaduct in France, an engineering marvel taller than the Eiffel Tower, contains alloyed niobium, and the International Linear Collider in Switzerland consumed some 500 tonnes of niobium in its 20,000 superconducting radiofrequency cavities.
Most world niobium comes from Brazil of Canada, with more than 100,000 tonnes of Nb2O5 coming from Brazil and just over 4,000 tonnes from Canada (2007 data from USGS). Increased niobium demand in the BRIC nations (Brazil, Russia, India, and China) may affect supply to Europe and the U.S.A. which lack niobium production of their own, so Canada's role in providing niobium and other strategic metals is critical.
Canada's largest producer of niobium in the Niobec Mine in Quebec (IAMGOLD). Several other Canadian niobium prospects include niobium-tantalum carbonatite holdings of Commerce Resources Corp. (CCE-TSXV) near Blue River, BC, and others. Although the nemegosenda property shows a lower over Nb2O5 grade than Niobec (historical estimate 0.47% and Nemogosenda, 0.6% at Niobec), Nemegosenda might be amenable to bulk mining in an open pit operation, a definite cost advantage. As well as the main D Zone where past estimates were calculated, Nemegosenda caronatite mineralization extends to a significant zone in the southeastern area of the property, where further definition drilling is planned.
According to Keevil, "This is definitely a world-class deposit in a safe and secure part of the world. If all we had was our D Zone we would be estatic, but we also have the much larger SE Zone that looks like it could host a further 170,000,000 tons of material."
Sarissa recently farmed out a 50% interest in its O'Connor Asquith gold prospect, northern Ontario, to Converge Global Inc. (CVRG-Pink Sheets). Converse must pay Sarissa $25,000; $15,000 annually for the next three years; spend $120,000 over 18 months on exploration and issue Sarissa 3,000,000 shares. Sarissa will be the operator.
What are the terms of the warrants, Hank?
Poll: Who's taking advantage of this great opportunity and buying more CTGI shares with the money they can scrape together?
"Nonetheless, ignore all the obvious fundamentals and go about your worst sky is falling scenarios."
Love to see some of those fundamentals Lowman. Meanwhile, it's not the sky I'm worried about falling. It's the friggin' share price.
But fundamentally, this company is very poorly placed now. No money, no share price, no communication. If there ever was a deal in the past with LTC, either the sale of an arm of the business or a JV, Don's scrambling now to find 2 cents on the dollar of that deal's original value. Meanwhile, anyone interested in bringing LTC to market knows the costs involved. They also know that LTC, as currently approved, is a slight improvement on existing technology. It's revolutionary uses haven't been FDA approved yet and are many clinical trials and millions of dollars from being approved.
And I belive you need a past tense verb, ie, the sky has already fallen here.
Opened a 200k starter position today. I like the 2 year timeline; lots has happened, which bodes well for the future. I have noticed that OTC plans, as posted here, date back 2-3 years.
Any ideas about why the move to the OTC exchange hasn't happened yet?
Can't say I blame you. If there's no news by the end of next week, I'll unload 1/2 of my .04 shares. Painful as it will be, I still have a portfolio to protect and a question to answer: would I buy shares in this (or any) company based on the DD I can do today? Given the impossibility of doing ANY DD, and given the string of bad news since FDA/CE last year, ie, legal judgements, LaJolla nightmare, I'm sorry to say I couldn't pull the trigger on a buy order today.
DR must know that my sentiments aren't unique to me. WTF is he thinking?
I think DR cares plenty about shareholders, especially as he's the biggest one of us. Clearly his hands are tied by a lack of $$. He's got overdue bills to pay, employees to keep happy and business expenses. And he's got no money, so essentially he's presiding over a company in steep decline, if not outright crisis.
Nobody knows who's still associated with LTC and on what terms. Any references to production are as old and vague as those that Frank gave in August of 2008. IMO, it follows that if DR had good news of consequence, we would have heard it by now. While I can see some scenarios (negotiations for lawsuit settlements, sale of LTC rights, etc) where secrecy is advantageous, I can't see much optimism in total silence.
I think DR must be trying his best to swing some sort of deal that keeps hope alive, so that the next PR isn't the complete disaster we all fear. Sigh.
Looks like the money's going to established companies, from the list you provided. Our "assets" in this area aren't comparable. For our assets to be comparable, millions of dollars in further research would need to be spent to prove them useful on an industrial scale.
Therein lies the CTGI problem.
Let's hope DR has a team around him still. The big names that excited all of us a year ago haven't been featured in too many PRs since the paid promo that Frank did last year. As for Rich, he's been incognito except for the original PR about his being on the team. Is Rich still on the team? Is Frank? What did it take to get these guys on board and how can they be kept? Remember, the big names weren't CTGI insiders, so if they were paid in shares, they could have cashed out long ago without filing a form 4.
It's been a long road for DR. Without his perserverance and dedication, this company would have folded up the tent back in the days of the farm waste-for-fuel business model. We all gotta hope that DR still has his determination intact or we're surely sunk.
Fingers crossed here as the reporting dates approach, because whatever differences we've had in the past on this board, we're all holding the same........bag....?