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Spoke briefly with him yesterday. He was in a hurry, so conversation was brief. He said for me to call back later this week or next and he will give me Mr. Delisle's number.
I have talked to LT as well. Seems the new management has asked him not to blog for the time being, as his role is a bit limited now. He is still wanting a permanent/paid position with CTDT. He is still taking calls on his cell, but is no longer considered the investor relations person for the company. If you call the CTDT office and ask for Investor relations, you will be directed to Mr. Snaper.
Glad website is back up. I did call CTDT office yesterday, and spoke with Mr. Snaper. I notified him that website was down, which he was aware and said they were working on. I also briefly discussed with him the new management. He had a lot of positive things to say about Mr. Delisle. He would not divulge too much, but said management is working through things. He said to call back in a week or 2, and he will have contact info for Mr. Delisle and Radodovich.
Nice find Mitch! Found a nice bio on Mr. Delisle on that site that everyone might find beneficial. See below, GO CTDT:
Leroy W. Delisle
Leroy’s qualifications include Manufacturing and management executive with thirty-four years of diverse domestic and international experience in line and staff roles, at both the plant and corporate levels.
Leroy’s experience includes PTI SATELLITE PAINT, LLC-2001-Present PRESIDENT & CEO
Full Service Provider of Finishing Solutions & Logistics Control for Industrial Automotive Applications. AMERICAN AXLE & MANUFACTURING 1995-2000 SENIOR MANUFACTURING CONSULTANT- Producer of the world’s leading automotive drive-line systems, chassis components and forged products. Responsibilities include Project Launch, Project Management, and Engineering of major projects. Implementing strategic initiatives to guide the company to its goal of becoming the premier tier one global supplier to the automotive industry by improving quality, increasing production, lowering costs, and increasing value. PTI MANAGEMENT GROUP 1987-Present CEO- Specialist Company in engineering design, construction, project management, finance administration, technical, and management services for all domestic and international markets. Responsible for developing and implementing world class manufacturing philosophies and disciplines. PAlNT TECH INTERNATIONAL 1987 – 1991 PRESIDENT- Specializing in design, engineering and project management, dedicated to solving major finishing problems in the Automotive, Industrial. Aerospace and Agriculture Markets. Responsibilities include project management and engineering of major projects to rationalize product lines and manufacturing operations for the agriculture and automotive industry. ADVANCED MANUFACTURING OPERATIONS CHRYSLER CORPORATION 1985 – 1987 DIRECTOR- Responsible for $1 billion capital plan budget, advance manufacturing planning, pilot assembly, production engineering, manufacturing technologies and manufacturing systems. Responsible for all paint finish standards and anti-corrosion systems. Directed 640 engineers, preparing the corporation for all new model launches. Directed the corporate manufacturing staff in the development of computers for the planning of major tool programs, computed – aided design, manufacturing simulation, process control and machine vision. JEFFERSON ASSEMBLY PLANT CHRYSLER CORPORATION 1981 – 1985 PLANT MANAGER- Managed one of the largest automotive automobile assembly facilities in the world, 4 million square feet, producing 1,000 units per day, 235,000 per year. Directed and developed a work force of 5,600 people with annual payroll of $180 million. Responsible for and directed all plant activities to produce completed vehicle within established schedule, at the lowest cost, consistent with quality requirements. Accomplish quality and productivity improvements in excess of $880,000,000, accomplished massive turn- a-round from last place in the corporation to #2 position in the assembly division. WARREN TRUCK ASSEMBLY PLANT CHRYSLER CORPORATION 1980 – 1981 PLANT MANAGER- Responsible to direct all plant activities to produce completed vehicles within established quality, cost and production schedules. Responsible for the direction and development of 4,800 hourly and salary personnel. Accomplished 560 million dollar productivity improvements in a 6-month period. INTERNATIONAL SUPPLY OPERATION CHRYSLER CORPORATION 1980 – 1981 GENERAL MANAGER- Responsible for the sales, marketing and supply for automotive parts to 23 countries. Responsible for developing new markets and volume. Increased profits from 30 million to 90 million per annum. Accomplished the elimination of 1,000 people by consolidating three facilities into one productive plant. This was accomplished by development and implementing a direct ship philosophy to Mexico and other major countries with union involvement. Leroy’s Education includes: MICHIGAN STATE UNIVERSITY Bachelor of Science – Industrial Management Master of Arts – Industrial Training and Management Completed 90 hours towards Doctorate Degree in Organizational Behavior.
We will see how it plays out, but I'm feeling a lot better about things than i did before the 8-k.
Spoke with LT yesterday. He was happy with the hire of Mr. Delisle, and noted that he shares LT's views regarding the importance of being current on filings and plans to get current soon. He also confirmed that it was the same Delisle from the article i previously posted. Go CTDT
Leroy Delisle named as CEO. I think this is the first time we have seen his name. I did find this article about a company that Delisle previously was CEO of. If this is the same guy, could be a good fit for CTDT. GO CTDT!
http://www.crainsdetroit.com/article/20030630/SUB/306300865/new-coat-of-paint
Another 8-K has been filed
Somebody has been buying a bit today and yesterday.
Agreed Brad. LT has stressed in his blog the importance of being compliant with the SEC. If CTDT is half as big as LT says it should be, there will be a lot of eyes on them...best they have all their bases covered. A good start is an 8-K saying they disengaged and re-enganged with their auditing firm (since they are responsible for reviewing all filings).
GO CTDT
Yup, 8k was filed, basically announcing that CTDT has re-instated Li and Co. as their auditing firm. Not a sexy or exciting 8k by any means, but atleast a step in the right direction (and better yet a sign of life!). Hoping for several more 8k's and 10Q's in the weeks to come. GO CTDT
I too am glad LT is back, I guess Snaper got in touch with him and pleaded for him to return. I also appreciated his Top Gun quote. LOL. Good luck to all.
FYI, spoke again with Mr. Snaper. He said he has not spoken to LT since he "left". He said that management is taking the proper steps to get the filings current; their is just a lot of paperwork to catch up on. However, he says they do have a sense of urgency regarding the filings.
We shall see, hoping for the best. GO CTDT
I saw that too, and called the offices to see what was up. LT, to no surprise, was not in. Spoke to Mr. Snaper, who had not heard anything regarding LT ending his relationship with CTDT. He had just said LT called that morning and said he wouldn't be in this week.
Mr. Snaper said that the new group is still making progress to getting current with the filings. I will call back later in the week and see if I can get an update regarding filings and LT.
Thank you for update bizops!
Talked to LT Friday, have been having weekly calls with him to get updates. He said he thinks he finally made progress with new management and getting current on the filings. He said he hopes to see something filed within next 3 weeks(I forgot to ask him whether this will be an 8-K, 10-Q, or both). He also mentioned he had 4 other funding groups on back burner in case these guys fall through. Hopefully we will see something. GLTA
tyhub - as the others mentioned, we haven't seen much daily volume (with the exception of a few spikes) in the past year really. In my opinion, this will continue until we see some official news from the company regarding a funding deal or anything else significant.
Good Afternoon tyhub. The delay in filing is most likely not due to lack of funds. As you can see from previous filings, they have been cash strapped for some time, and managed to get the filings out (mainly from advances of CEO Alvin Snaper).
There are rumors that CTDT struck a deal for funding, and the new owners are dragging their feet with getting the filings current. No telling what is really going on though.
There is a lot of potential here if management can get their sh*t together, and funding becomes official. I have a good amount of shares here, and I am not planning on going anywhere anytime soon, as I am still optimistic. Good luck to you.
Had about a 20 minute long discussion with LT earlier. He met with the BAST Holdings people on Friday and stressed to them the need for the filings. In the mean time, all the CTDT links have been taken off the BAST Holdings website until they get sorted out. An ultimatum was given to them that they need to get current on filings, or CTDT will explore other funding options (LT mentioned he has atleast four options on the back burner). Guess we will see what happens after Christmas. Feel free to call LT to confirm.
Thought this was an interesting article from New York Times from November 2014. If the technology is as good as they say it is with CTDT, and we can get them current on filings and eventually producing, could be pretty incredible.
http://www.nytimes.com/2014/11/18/style/international/purveyors-of-grown-diamonds-seek-acceptance.html?_r=1
News out today, appears Eureka #27 for sale for $278M.
http://www.otcmarkets.com/stock/CJTF/news/Eureka--27-For-Sale--278M?id=93338&b=y
In LT's latest post today, he said he has a new plan today to get filings out. Hoping he can pull a rabbit out of his hat.
Also, appears he is now aware of the ihub site, haha.
I believe you can post comments to the bottom of the posts. Requires you to sign in using one of several different options (google account, aim account, etc.).
LT said in his latest post that the 10-Q is now late and cannot be extended. Not true, they have 45 days after fiscal quarter end to file 10Q or extension. They have until the 15th i believe.
I am just going to play devil's advocate for a second. Perhaps the people at BAST are hesitant in asking LT for his assistance as he is not an employee of the company, or getting compensated at all. If I were them, I would be reluctant putting the filings in some outsiders hands. Maybe BAST already has something in the works that we and LT aren't aware of.
Don't get me wrong, I appreciate LT keeping us posted on progress (as he has been the only source of information we have). However, we will all just have to wait and see what happens with new management, although not thrilled that 8-k hasn't been issued yet.
GLTA, and still optimistic for good things from CTDT...eventually.
Valid points pacrat. Let's hope he has learned something from past misstakes, I guess we shall see. With the share price not able to go much lower, I am just happy to see some signs of life with the company at this point. I am remaining optimistic about the future for CTDT, just not sure of how long it will take. GO CTDT
I am not overly concerned. I don't by any means anticipate the 10Q being filed on time (never really did), especially with all the additional info that it seems will have to be included. I still do feel that it will get taken care of, late ofcourse.
One good change is that the new CEO has been head of other public company's before, so none of this should be new to him.
Atleast if we don't get an 8-K soon, the 10Q is due 11/15 (11/20 if file extension). They would have to disclose the new arrangements in the 10Q. Christmas may come in November this year :)
GO CTDT!
Trading of OTC was shut down on friday for a period of time, that may have been your problem fireandice. LT mentioned it on his blog, see below:
On Friday, October 17, 2014, at 11:05:06 a.m. ET, the Financial Industry Regulatory Authority, Inc. (FINRA) halted quoting and trading in all OTC equity securities pursuant to FINRA Rule 6440(a)(3). FINRA determined to impose the temporary halt because of a lack of current quotation information for OTC equity securities. Members are hereby advised that FINRA is lifting the market-wide quoting and trading halt in all OTC equity securities effective Friday, October 17, 2014, at 1:00 p.m. ET Members are permitted to display "closed" quotations for a quote-only period beginning at 12:45:00 on Friday, October 17, 2014.Contact Information: Questions regarding this notice can be directed to: FINRA Operations at (866) 776-0800.
Well put pacrat
Just had a look at LT's latest blog post from 10/19, and in the second half of the post he discusses some requests he has made to compensate him for his services (i.e. 1000 shares for every cent he raises the stock price). Seems like his demands play into the long term goals of CTDT.
Thanks for the update Mitch!
Haven't seen volume like this in a while with CTDT. Hopefully just the start. GO CTDT
Thank you for the update bizops, always appreciated!
After some further research, I noticed that Chaslav Radovich has been able to obtain funding with a previous company he was CEO of called BioGentech, in the tune of $3.2 million. Good to know that if CTDT hasn't already obtained funding through whatever transaction took place, they have someone who has done this in the past. GO CTDT!
I was actually just about to post about this Joey. Pretty interesting and promising. If you click on "diamonds" under the "technology button, there is a direct link to the CTDT website. Also, under stock information it has CTDT stock info.
My thoughts exactly pacrat
Quarterly report is out
10-K is in! Pretty typical stuff, nothing regarding funding deal. Oh well, hopefully we get something soon. GLTA
Perhaps delay in filing is due to finalization of funding... one can dream.