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Hey guys - Sorry for the quiet. Had a minor heart attack and one of my stents replaced so I was sidelined for a couple months. I am putting together an email list of ctdt stock holders (non- management). I am working on things behind the scenes, including trying to protect some value for shareholders. If you would like to be put on the list and update then you can email me at jim@thebg.biz. I will be giving some updates soon. Thanks
to start with I need to get a count of where the 214 million shares are. How much does everyone own? You can send it privately to me at jim@thebg.biz if you like.
thanks
Does anyone know how to reach Mr. Saunders? The CTDT number is now a different company. They were kicked out of the old location.
Thanks
I am in contact with Mrs. Snaper - I am working on things - no promises but I may need some shareholder support. Anyone with legitimate questions can e-mail me at jim@thebg.biz and I will do my best to answer questions.
Thanks
Anyone hear from Pony - I am trying to contact him.
Yes - LT was anal about filings. A quality that was greatly underappreciated.
no sense of urgency and no clear plan - This is what happens. Extremely frustrating to watch.
Love the positive attitude! Hooray for small victories :)
Hey Pony- good to be back. Still believe in the tech and still on board. I would not mind if things had happened differently but no sense freaking out over something we have no control over. There is a hard deadline so lets just wait and see. Personally I believe Chas will get it done.
We should know the answer to that fairly soon!
yes - the fact that there are only 2 - 3 board members is crazy. Board members select the CEO. Board members provide oversight, accountability and credibility. They should also provide a level of confidence for investors. Adding 3 -4 board members should not be a big distraction. It would give investors more confidence. It cost nothing.
Well - I wish you well. I hope at some point you find out that CTDT actually put things together and made you a lot of money. I certainly understand the belief that it will not. The history is not good. A persons mental health and well being are much more important than the success or failure of a penny stock. Just stay healthy!
“Bitterness is like drinking poison and waiting for the other person to die.”
"the idea that he's spent a lot of his own money is totally baseless"
Read the audited financials and SEC reports. He and Delisle both have put in several hundred thousands of dollars. They now have stock in lieu of those investments. The only way he gets his money back is if the stock value goes up. This is not hard to understand.
It is ok that you are unhappy - but be unhappy for the right reasons. Don't dismiss truth just because it makes you feel better.
Thanks Billiam!
Thanks Naval - that is all I was saying. You can be unhappy with the lack of progress and communications without impugning them personally.
Glad to see you are still around. I hope all is well.
Please - just for grins and giggles - explain to me just HOW you think Chas has been able to profit from CTDT the last few years. I will wait...
For potential planning purposes - anywhere here interested in being on the board? Obviously it would not be a paid position and it could open you up to liability. I would be happy and willing. VC? Pony? JD?
I am serious about it also. Mrs. Snaper basically turned over the operation of CTDT to Chas. She holds majority shares so she basically controls everything. That does not mean she is opposed to a larger board.
Right now 2 people make all the decisions concerning the company. Additional counsel simply makes good business sense. It provides better oversite, should be somewhat calming to the investors, and it gives more credibility when you are looking to raise capital.
If you are looking for money, having a well rounded board is important.
So we should all encourage Chas to add some board members.
Smoke - I have a suggestion (serious). CTDT only has 3 board members (I actually think it may only be Chas and Mr. Saunders at this point). They need more board members. I think all the investors should request and push for an increase in the size and diversity of the board. I would love to be on the board and assist from a business planning standpoint. VC may have interest. I am not sure about others here. But adding 2-3 more board members could make a big difference in momentum and direction. It also helps protect investors with more voices on the board. I am healthy now and would welcome the role. Not sure about VC or others here - if they would have interest or the background to fill a role. I think 2 -3 investors would make a big difference because then all the investors (it is a fairly small group) would at least know that they have representation on the board.
Have you invested several hundred thousands of dollars in this company? Yet you are extremely concerned about that investment. So if you, with your much smaller investment are this concerned then why would you not think someone with much more skin in the game would not be concerned. Right now, Chas is not getting paid to do what he is doing. It is costing him money. He has to earn a living like everyone else and so his time is split. He will only make money on CTDT IF it is successful. So what would make you believe that he does not want it to be? If he walked away do you think the company suddenly gets a cash infusion and hires a new CEO? Who do you think would orchestrate that? Who do you think would pay for it? Katherine Snaper is not that invested in CTDT's success. She is not even on the board. It probably WILL just die if he walks away. So yes - support his success. Because if he fails then the likelihood of you losing your investment goes way up.
So you may not like where we are - I don't blame you. But your options are pretty limited. So instead of tearing down the man that has the fate of CTDT in his hands - then YES - Cheer for him. Because people tend to work a lot harder for you when they are supported than when they are being called all kinds of names and accused of all kinds of nefarious things.
Do you really believe he would spend hundreds of thousands of dollars of his own money just to look good or impressive to others? I get the feeling that he has not performed to expectations - but what you are suggesting just does not make sense. Don't forget that Chas never really wanted the CEO job. He brought in someone to handle the CEO job as soon as he could. Bad hire and one of many setbacks. He took the job back because someone had to do it. Meanwhile Delisle also departed. So Brian was a disaster, Deslisle left and Mr. Snaper passed away. Despite all this Chas is still here and working. I am sure he wants to protect his investment. This company needs a full time dedicated CEO - unfortunately someone needs to pay for that. Chas has his time split between this and other ventures as well as taking care of an ill mother. I am extremely frustrated that this has dragged on but there simply is not any motive for Chas to just let this thing die. I am grateful that he has not just walked away. Would I like to see some things change - absolutely. But now is not the time to complain about him. Maybe we should all work to encourage him to get this across the finish line.
Well, I am still rock solid on the tech and long term prospects. I think it safe to say we are all disappointed in the lack of urgency and concrete actions - but working this part-time just means it is slower - not that it is dead. I am all in!
Happy Thanksgiving everyone - Trust everyone is well!
Thanks - nice to back :)
In a stock company control is based on shareholder percentage. Mrs. Snaper owns the majority of shares therefore a controlling interest. She is the only one with the power to make a change. The board could make a recommendation for change but the board is currently Chas, Mr. Saunders and one other person (dont remember name). Mrs. Snaper is not even on the board. I doubt they would request a change. Especially considering his personal investment in the company.
I really do think he has a viable plan. The problem is it takes CONSISTENT persistance to move it forward. Chas is pulled in a lot of directions and so he simply does not give CTDT that needed consistency. I believe it will happen but slowly.
Chas knew this upfront which is why he brought in a CEO initially. Unfortunately that was a disaster and one more setback for CTDT. That is why Chas reluctantly took back the title. He knows he is limited but he also knows he has the vision and they dont want another bad hire and expense. I do think it is taking much longer and is harder than he expected.
Still believe it will get there. I never thought I would need MORE patience than Job.
I would as well - hopefully I am back. Apparently setting up another account was a no-no. I was able to retrieve my log-in credentials for my real site. I hope everyone here is doing well.
Hey Everyone - I hope all are well and safe from the effects of this virus. Also hoping nobody here is feeling substantial financial impact from this. Prayers for all - stay safe!
That is what I would do - I would go after one big fish and have them fund the last stage of development as part of the deal. Intel has been exploring diamond chips for a while now. Moores law requires something better than silicone. Once the final development is done then you start licensing to other industries and then perhaps you contract with synthetic diamond suppliers. But honestly I would go as long and far as I could with licensing before I ever thought about manufacturing. I believe CTDT owns ALL of Mr. Snapers patents now - at least most. He has several others that can fetch really nice licensing fees once proven. Of course I would expect buyout offers long before then. While Chas did not say for sure I get the impression he is looking at something like this - at least front end. He is in conversations with some companies that make good partners.
Yep - If I had the cash I would be loading at these prices.
The business model - I think Mr. Snaper was determined to put diamonds into the market. That was his personal desire and that very well can happen in time. But from a business model standpoint that takes a huge capital investment, a lot of infrastructure and a really good management team to get it up and running and keep it running. Terrible business model for where this company is. They have connections and the pieces to change that model reducing CTDT risk by magnitudes while reducing overall funding requirements dramatically. The hold-up is short term funding and settling with one toxic insider (Not Kathy Snaper).
Chaz told me the long range funding is taken care of - not sure how but based on who they are in conversations with I have no doubt long term will not a problem. They need a small amount of bridge funding to help clear up the legacy issues. Not sure where he is on that. Based on current post maybe he is close there. I think people will be shocked where this goes when it comes out of the gate. Be prepared for it to look different than many were anticipating it to look like.
It is not his wife or family that is selling.
Well much of what I know I got from other sources. But based on my last conversation with him (best I have ever had with him in my opinion) he was very open and not deflecting or saying grandiose things. I also consider that he has over a quarter of a million dollars invested and won't be able to sell his shares until everyone else is out. He stands to lose a lot if the company fails. I will admit he is part-time so progress is slow but he is unpaid as the CEO.
Don't bet on it - Talk to him. They have one specific hurdle they need to overcome and then it is go time. Long range funding is in place. The technology works now although it can use a little bit more refinement. Best of all is planned use of the technology and the connections already in place. I am confident this is worth the wait.
Just got off the phone with Chas - I am comfortable with where we are at (not happy, none of us are including Chas). The company is going to be fine but the next few months things will be slow. They have legal issues (as Ironman said) to clean up. In fact I believe it will be better than fine. For those who maintain faith and stay the course the potential of things in the works are enormous. Much of what many here envisioned is being worked on while the legal wranglings are dealt with.
I have called Chaz a few times and not reached him. I left him a message so hopefully I will hear from him soon.
While it is frustrating I realize that keeping a handful of shareholders updated is not a high priority right now. PR's are expensive and time consuming. They have to get all the legal ownership documents and filings done while still working on funding and other details. I know they had contingencies in place for Mr. Snapers death but that does not mean there is no paperwork and legal filings to do. I just stay focused on the technology and its value. It did not magically become irrelevant with Mr. Snapers death. Now might be a good time to actually encourage Chaz and let him know we support him. Just a thought.