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Thanks for the info, Mord. It's inevitable that other companies will develop suturing procedures that do what LTC does. All the more reason for CTGI to focus solely on its commercialization and market penetration as fast as possible.
Where are the FDA applications for organ welding?
BetaMax was always better than VHS. Unless you were a BetaMax investor.
Lowman- let's limit CTGI's spending to this sphere, the LTC sphere.
"CTGI is an 'investment', with 'no guarantee' that it will (as a company) succeed."
That's right, there's no guarantee. But the odds can certainly be increased by judicious spending of capital until the LTC money starts to accumulate.
I agree with Jagman on this one- until DR shows us a costing model for emissions scrubbing, or until economic conditions return to a semblance of pre- Sept 2008, the jump from test tube to smokestack is too much for CTGI to take on.
We haven't made a dime yet and we're still paying off the last clean energy endeavor. It's not about being bold and brave...forget the "dark ages" hyperbole. We don't need another billion dollar idea. We need 2 quarters showing a well executed, revenue generating business plan.
Thamks. I missed it somehow!
So did landfill gas Pat.
"approximately $24,915,103 of net operating losses as of September 30, 2008"
That's no small hole. No mention in the 10-Q about current production of LTC instruments....actually sounds like that's still on the drawing board...
At least the increase in the share count wasn't too drastic. Ninja, any idea of the fully diluted shares at present?
I gotta' say, given the company's total failure with landfill gas as a money earner, a project that has cost millions, I'm a strong advocate of ALL resources going into REVENUE production from LTC.
Speculative debt is a luxury CTGI can't afford now, given the massive change in market conditions over the past few months. Proving up clean scrubbing of smokestack emissions won't be cheap; risk/reward? I understand all that, but now is not the time to burn cash. Now is the time to make cash.
Given the lack of specific reference to $$ involved in the production of surgical instruments, and given the vast differences between DR's time estimates for company events vs the reality of their happening, we might be looking at years, not months, before LTC flies as we hope it will. Even if instrument production happens in "early 2009," as forecast, it's gonna' take months and months and months to build a market for the product.
I don't want an IPO at .45 a share. And I don't want a share count in the 100's of millions before revenue happens. CTGI needs to see the past and learn: they're burning wads of cash and banking none. They can't afford any distraction from reversing that longstanding trend.
EMGS.OL
Hank, it's astounding the PPS % drop of this one, especially given the technology and the lack of competitors.
Are you still holding here or have you moved on?
My how times have changed that tune! Good to hear you talking some sense ninja:
Revenue, JV, S-1: there's a different story
Wasn't so long ago a guy could get whipsawed for suggesting something so egregious!
I agree wholeheartedly: not much happens here until they prove themselves with respect to $$.
Of course you should be worried. Many people confuse FDA approval with automatic financial success for device companies. The reality is that FDA approval is only the first and often cheapest step in a very expensive process of production and commercialization. So it's a race: how much dilution will the cash burn necessitate before the company shows substantial revenue and income?
Lol. 100 shares or 1000 shares at close doesn't matter. It's still paint. Just happens that paint's a whole lot cheaper these days.
I transferred American dollars into Aussie dollars and found an INGDirect Aussie Term deposit paying 8%. 180 days I think...
Thanks ninja. Looks like our old friends YA aka Cornell held the lion's share (sorry, had to) of shares, but based on the number of 200,000 + days, anyone from your list who wanted out could have gotten out. That leaves Gordon. And traders.
Either way, a spat of low volume days with no PPS change, in this market, would be welcome.
"it appears that alot of people have seen them..."
Who has seen them? Where did they see them? Who showed them?
I'm trying really hard to be a believer here- I like the compnay, the product and Dean's communication skills. But when it comes to the heart of the matter, the images that the Dominion will produce, "waiting for the new website" seems highly implausible. Websites ain't that hard to produce, but live Beta 3-d images are a different story.
Here are the options I see:
1. IMGG can't produce the images
2. IMGG won't reveal the images
It's pretty hard for me to imagine scenario #2. I mean, why would you go to prestigious conferences, attended by the best and brightest in your industry and not show them the goods if you had them?
So if it's scenario #1, what's the explanation? Is it a software issue? Are there problems with the existing hardware running a full Beta version of the program?
Dean, I'd invite and welcome any enlightenment you care to shed here. You've been an excellent source of information. I know it's a potentially sticky situation, but it's certainly the most urgent matter facing investors and potential investors at the moment.
With regard to the big volume of dumping on the down days, do you, Ninja or Lowman, have a current, clear count of any outstanding "gift" shares, ie shares that were given in lieu of cash for promotion or compensation...or maybe an updated tally on the remaining Cornell shares?
And would there be any way of knowing whether Allison Gordon has lightened his load recently, which given the lawsuit, seems plausible enough?
The high volume on these selling days sure feels like someone unwinding a large cache of shares. In today's market, it's easy to see why that might be necessary, regardless of what the holder thinks about CTGI. I'd love to know who and how many....
And with the luminary sites, does Imaging3 receive full purchase price from the host or is there a different arrangement? Also, do you receive the 10% service contract revenue for the device for the estimated life of the machine? (10 years I think)
Thanks Dean.
Nice life...making bank to the tune of $800 large while puffing fat marleys.... Good on him for quitting!
Just listened to the MoneyTV interviews again and re-read the financials.
Dean, is the current prototype the one that the FDA is ruling on? Are any of the FDA delays due to submission of newer versions of the software or the hardware since the initial submission? Also, is the current generation of the machine the one that will be sold when FDA approval occurs?
I know that all technologies undergo updates and further developments as their use dictates. I'm just wondering if the machine/software that you have at this moment is good to go or if you're working on newer generations before commercialization.
Take it easy Lowman!! My point was only that staunch, unconditional support of a long position, which you indeed espouse, is never criticized on the board. That's fine. That's how message boards work.
In contrast, Ninja's critique of the website was questioned, leading to a deeper questioning of his performance as moderator. You and I know Ninja's an avid supporter of CTUM, as committed to the success of the company as any poster here. IMO he has no obligation to zip it when he sees something he doesn't like. I believe there's much value in questioning my investments at every turn and I appreciate posters who do the same.
As for your claim that "Unlike you, I'm not here just "to make money", if you can see some nobility in the stock market, more power to you. I prefer to take the $$ and ladle soup when philanthropy is called for.
Peace
BDI crushed again: 2221.00 today
Wow dogs, it's come to this so soon: first the market tanks and now the board hits the skids. Sorry to see you go as your DD and your willingness to share it will be missed. Hope to see you here again soon...greener pa$tures certainly make for more congenial boardfellows.
I hope you're right, but I'm thinking another huge down day heading into the weekend....there's little will to buy and an increasing sense that Hank and his pals know a lot more than they're saying...and what they're saying is pretty grim. And who wants to catch a falling chain saw when you've already waited this long? Who knows? Maybe they'll have to close down trading globally for a set time until the panic subsides.
Global currencies change. The dollar couldn't be King forever, though I wouldn't have minded a more gracful exit. What comes next is the question. I can't see a return to a gold standard, but what else is there?
Dr. Barnhill will also be eligible to receive a cash bonus equal to 10% of the Company's revenue received during the term of the employment
10% of income is one thing. 10% of revenue is an entirely different equation. HDVY pays Dr Barnhill out, then covers all expenses with what's left over, then pays shareholders.
I hope they sell a lot of tests.
Here, here. This board has aways reached beyond the pump and cheerlead scope which is the defining feature of most stock Message Boards.
Critical assessment of a company's public documents/websites/interviews is fair game. Nobody has objected to Lowman's repeated hecklings about the foolishness of selling shares every time the PPS has dropped from over $1.50 to .31 simply because he says what you want to believe.
We all do our DD and take our own risks. We can all discern facts from unsupported opinion. We're here to make money, not stroke egos, even if they run th company!
FWIW, I wouldn't consider selling here. There is plenty of downside risk left in CTUM, as the financial carnage that is Greenspan/Bush's legacy continues to be exposed, but the essential story is stronger than ever. Following FDA approval, DR announced that Jan would be the time to look for developments because he wanted to do it right. In this environment, a deliberate, steady drive to commercialization is the only viable pathway. Nothing is going to happen fast, nobody is going to buy into potential or promise and deals will be hard to swing. To date, CTUM has gone it alone and probably will have to continue doing so. So be it. One thing this market meltdown will teach people: if you want to get rich quick, play the lottery.
I agree 100%. Where is Richard Auhll? When you PR a heavy hitter on your BOD, that name appears in every possible document, website or PR. I'll e DR and ask him why the name isn't on the website, Richard Auhll's term of service as a director, etc.
Before you get too excited about making big $$ here, leaf back a few PRs to see how much Barnhill gets before the gravey dribbles down to share holders.
I'm not too sure I can de-code what your're saying here, dogs...My post referred to Lowman's portrayal of CTGI as one of the few multi-baggers on his radar. Certainly as the CTGI PPS declines, the odds of it becoming a "muti-bagger" increase...bitter fruit...
In today's market, with investors throwing out the baby, the bath water, the tub and the towel, I see a large and growing number of potential multi-bagger companies that currently have:
1. Have low PEs
2. Are profitable
3. Have signed contracts/hedges through 2009 and beyond in some cases to support forward guidance
4. Pay dividends, often at 7% or better
5. Are cashed up enough to introduce share re-purchase plans even in this panicked environment
One of the leading indicators of a recovery in the stock market, which hopefully will be in my lifteime, will be when these companies gain 100% or better. IMO, they'll be the first to uptick, well before the companies with no revenue or income.
Our hope is squarely with LTC. As for C02 admissions, you'll see the $$ for that research disappear, especailly with oil prices falling. In Australia, green issues were the voter's #1 priority in 2007. Today they're the domain of Uni professors and Greenies.
To paraphrase a quote from my former Chicago union boss: "Kid, there's a very well established pecking order in this business. And I hate to tell you, but you a short,little pecker."
Actually there are quite a few multi-bagger stocks on the drawing board right now, and that list is increasing every day. Many of them pay dividends and trade at amazingly low PE's, even as their services and products are fully booked for 2009 and beyond.
I hope you're right- nothing would please me more than a late Jan PR that confirmed that LTC was attracting the business of hospitals and private practices around the USA.
As for the notion that "Healthcare is still healthcare, and he who can perfom it for less than the next, gets the business," surely by now you realize that it isn't as simple a proposition as that. In tough times, people and businesses bunker down and cling to what they know.
IMO, "Healthcare is still healthcare, and he who can perfom it for less than the next, gets the opportunity to face an uphill battle to convince what will be a cash-strapped, entrenched health care system to actually listen to what he has to offer." And to succeed, he will require time, time and money.
Ah, it's come to crystal ball time already...so soon into the onslaught (timewise, that is).
A battered global pocketbook really hurts new-idea companies like ours. Why? Change costs money. Even if it's a signifcant upgrade, people will stick with what they can afford because they need the $$ for the essentials. We have a great product, which unfortunately is coming to market at a wretched time. Hopefully CTGI will ride this out and be ready to rise when the carnage ends and the memories of it fade. My guess is that doesn't happen until late 2009-2010, though I hope I'm wrong.
Jagman, let me be the first to say it: you were right, for all the wrong reasons, lol. Looking back over this past year and the 2001 bubble bursting, there aren't many "sell" decisions that I regret. The same must be said about CTGI. Whether or not you believe in the long term prospects of this company, as I do, I'd own a helluva lot more shares now if I hadn't made the classic investors mistake: falling in love with the company.. Or I'd still the same amount of shares, but with a nice wad of $$ in the bank.
Lots of small R&D companies won't be around before this is finished. With money being scarce in the marketplace, it's crucial to control the rate of cash-burn, even if it means putting some of the biz plan on the back burner.
Can you post a link to your BDI Index quote please?
Thanks,
The market is packed full of little "darlings" now. Many of them are profitable and have guided YOY revenue and profit increases into 2009. Whether they hit their targets or not remains to be seen, but rumor and promise aren't going to move stock PPS the way they used to for a long, long time.
Thankfully insiders still believe in the company. Right now IMO, that's a huge positive indicator.
Yup. Hard to believe we're this close to being 1/2 of our share price pre FDA approval.
I hope they have the money to go it alone....JVs and venture capital, even IPOs, are going to be mighty scarce for some time to come.
Link to daily BDI form DRYS website: http://www.dryships.com/index.cfm?get=report
-10 today. Supramax rates again dragging the index.
Added USA.V this morning. Looking at PAL or SWC LEAPS as well.
02 October 2008
Baltic Dry Index (BDI) -35 2990
BDI down a tad but not across the board and certainly not as dramatically as the past week. Perhaps a bump up here.
I guess that depends how much you paid for those shares and how long you're willing to wait!
CTGI is 88% of my portfolio, up from 7% 3+ years ago. I won't trade CTGI. It's always been a compelling story and in 3 years it has gotten much more interesting and expensive.
There certainly have been frustrations aplenty in 3 years, and the company's outstanding news of CE and FDA approval couldn't have come at a worse time in light of the general market FA. The company is off the blocks with a great product and a fantastic team. Now they just have to execute.
Enter Richard Auhll.
LOL, I doubt he's too worried about his "legacy," especially as we sued the guy!!
Once you dial the lawyer, the time for "working something out" is very limited. Once you've won the case, something has indeed been "worked out." It's laughable to consider Gordon accepting anything except his legal due. And he knows how to buy CTGI shares just like the next guy if he wants, but looking at his history of past insider sales, I doubt that's gonna' happen.
Reading through the judgement, what strikes me is how convincingly weak CTGI's case was/is. With this hit piled on top of the Banco Panamericano ruling, maybe DR needs a new lawyer. It costs a lot of money to lose legal battles.
In any case, let's hope Chastang doesn't reveal any legal surprises.
We need to stop accruing interest on these debts, pay up and move on.
Ouch. This one's looking to be expensive as well. Even though the order to pay and the exact amount of the payment isn't finalised, we can expect a hit along these lines:
“the outstanding principal amount of the Note
shall commence to bear interests on November 6, 2006[,] at an annual rate of 10%.”75
Allison states that CSMG has made only three payments on the 2003 Note, totaling
$28,030; that an unpaid principal balance of $225,970 remains; and that, with interest,
he is due a total of $330,842.68.76 CSMG has not presented any evidence or argument
about specific amounts due under the Note.
It looks like a gentleman's agreement gone bad- no performance/outcome requirements, no written contract of employment, no legal leg to stand on, really.
CTGI is 0-2 in legal decisions this year. The cost will be 1/2 million $$ or greater when the final tally comes in.
Time to save some dry powder.
RE the BDI index.....So Len, how do you actually trade these things?
BDI Index EXM et al
Looks like a well timed purchase could play nicely off a decent bounce. Been trying to play the Mar 2009 Calls and the DRYS Leaps for 2010, but the spread's a killer... and the volume isn't there...and they (luckily) haven't filled me.
Also, new ship building for the dry bulkers works like the movie business: it's go, go, go until the shiz hits the fan and the BDI tanks. Then the plug is pulled immediately. Lots of 1/2 completed ships are sitting in dry dock, awaiting better days. One can only imagine the ripple effect on the peripheral providers for these ships.
I agree wholeheartedly. More importantly, Don has endorsed your sentiments with a generous outlay from his wallet.
Especially if your licence to sell the pocketknife was the intellectual/proprietary possession of someone else!
Exaggeration and hyperbole are no way to construct an argument. Is that all you got? LOL