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I honestly can't remember who DK was/is. And what his position was. Please remind me. My self recrimination: I was out once for a slight profit but then got sucked back in. It was in part because Golisano (sp?) got in----I trusted his judgement and that of his advisors. Can someone explain that to me? And then I think I went in a little deeper when we entered into "exclusive" negotiations with someone. It was as if it was almost a done deal with just a few details to work out. How much of other peoples money, in total, did these grifters ultimately flush? For the founders, a multidecade circle ---- in the comfort of a heated office.
The site has been very quiet. One thought/question: How is it possible for it to be legal for Jim to have stated that all (about 6 at that time) the products were "market ready" when on any rational basis none of them were. In retrospect it's difficult to even refer to most of them as products, let alone market ready. Did that now deceased delusionary grifter get to define "market ready"?
On another topic. I never looked at my private mail. Quite a few months ago a couple of people left me private messages to which I failed to respond. I never saw them until just recently. My apologies.
Excerpt: "Apple's services revenue jumped around 27% to $16.9 billion, as new software products such as its Fitness+ program and its Apple One subscription bundle continued to gain traction."
The market for our type of product seems solid. Apple probably has some adults overseeing their high school strategic development people.
Link: https://seekingalpha.com/filing/5439207
There are a couple things I don't understand one of which is the revelation that the head of the Cura division quit in Feb. Shouldn't that have been reported? Did his Mom say "enough is enough"?
Also, how is the stock worth anything at this point? Someone with 100,000 shares could still salvage $2,000?
Mr. Sweep: I can't remember how long you have been a poster. I can tell you that in years past if anyone spoke with a corporate officer that individual usually passed along whatever information he acquired. I think there was a realization that management was busy---too busy to answer the same set of questions from multiple callers so this board was an efficient way to keep the shareholders informed. I further believe that said officers expected the information to be shared. They certainly weren't so dumb as to share restricted info. The bigger danger was that we would be fed more bs via a different conduit.
For the good of the team please don't sell any more. I need 40 cents.
Is there some high school kid out there who knows how to make a vaccine? I think we may need to go in a new direction.
The mother of all short squeezes coming? Buy more? Riches are coming for those who waited?
I'll be disappointed if we can't find significant support at a penny. A Nasdaq listing seems out of reach at the moment. We lost Jim at a crucial time and simply have not been able to recover.
As of this moment today's volume is over 500k shares. Is anyone actually trading this stock or is this just the market makers trying to generate some interest? Same question I've been wondering about for quite a while.
Why would anyone want to buy this stock at any price? Whatever hard assets they had they recently sold for $30k. Can anyone help me understand, or even speculate?
Thanks for the link.
"CurAegis Technologies Inc. has sold the assets of its Aegis division to Poseidon Fluid Power LLC. Financial details of the acquisition were not disclosed. Included in the sale of the division are the patents, trademarks and other intellectual property as well as testing equipment, prototypes and other fixed assets related to the Aegis division."
It looks to me like we gave away everything on the hope that Poseidon will somehow be able to monetize the wreckage. As I think I've read here before: "Hope is not a strategy."
Unless I'm missing something these "revenues" are dependent on someone buying something. I have an old T-shirt that is worth $20k----if someone buys it. I'm not meaning to be sarcastic but we've been waiting a long time for someone, anyone, to buy something.
Agree. The testing equipment is probably worth the $30k and the pump worth nothing. I doubt that we'll ever see a dime from them but the odds are marginally better than they were. We can now focus all our physical and intellectual (smirk) resources on the high school project.
Market reaction has been muted thus far. Probably pop any minute as soon as someone realizes the latent value soon to be unleashed.
I don't understand the daily trading. Who and for what purpose would be buying or selling this stock. Even @ $.05/share an individual or an entity would have to trade 100,000 shares to generate $5,000. It just doesn't seem worth the effort. Who would buy at this point at any price?
Is it possible that the market makers are just trading a few blocks back and forth to simulate activity?
What is the point of multiple people asking similar questions and then, if they follow your model, not sharing the info? Wouldn't it make more sense for one or two people to ask a series of questions and then share with all? I'm confident that there are at least a couple of posters on this board who could put together a compilation of questions that, if answered, would be helpful to all "investors".
So anyone who contacts Mr. Donnelly can receive privileged information that other shareholders cannot? Total and utter nonsense---and probably illegal.
If it did go below zero would we be required to put in more money? If so it would assist those of us who still want to average down.
Thanks for trying.
Is Mr. Sullivan still a college student at RIT? It seems like the intro letter is a little too cleverly worded. I guess Sergey Brin did some good things while still a student. Thanks for the link.
Thanks Leitrim. I know 1 million dollars isn't a huge deal to TG but he must think there's at least enough of a chance to roll the dice one more time.
Here is a link to the 8k: https://www.marketwatch.com/investing/Stock/crgs/SecFilings?subview=secarticle&sid=118025&guid=14374310&type=8
I really don't understand it that well other than it appears that TG put in another $150k a few days ago. I guess that means that in theory at least the company will still exist for a while longer and thus all is not definitively lost as yet.
If anyone has a more precise explanation I'd appreciate it if they would share it. Thanks
It seems unlikely, based on previous statements, that we're about to unleash our disruptive auto tech on a grateful nation. More likely we're trying to figure a way to monetize the science project.
I gotta give them some credit: Backed up on our own goal line, third and 22, inside the two minute warning, and we're still chucking it downfield and praying for an immaculate reception. You go guys. We know that if software hits it's insanely profitable. The odds are very small but the payoff could get us to a dollar a share. I've kind of lost faith in a Nasdaq listing.
Solid base building at 5 cents continues today. Yeah Leitrim, I'm attempting black humor. I've written this off mentally---just the faintest glimmer of hope that the high school project will catch a bid.
I had some hope for the pump and one other thing. Wasn't there a drive train component---maybe something to do with the rear end for large trucks that supposedly had much longer life than the current tech??? Anybody remember?? What irritates me the most is that I was out once with a minuscule profit but got sucked back in by the seeming progress with the pump only to find it was just another head fake.
According to something I read somewhere this is classic base forming behavior of a security ready for liftoff. The wise investor will aggressively add to his position.
Keith Gleasman was the only person who had the votes to stop Jim----and he didn't do it.
Are you being serious?
Apparently we have the "best-in-class circadian rhythm tracking technology". Holy crap! I wonder how many corporations are in the referenced "class"? Whatever----we're off to the races now.
Agree. I hope they get a lot more. It's our only income stream. Enough monkeys and enough typewriters and we may find a paying customer.
Does anyone know if this is the type of loan that can be forgiven under certain circumstances. Big picture, it's not a ton of money, but it helps.
Was that elevated volume last week Sulax trying to salvage enough for dinner and a movie on his way out?
I encourage everyone to buy. Go to the bathroom now, hold the queen of diamonds next to your face and look in the mirror. BUY, BUY, BUY!!!! Once the price reaches $.50 I pledge to start trading from my account.
So just to recap, Leitrim: You (as I) invested in an auto equipment company that allegedly possessed compelling technology. There is no way I could even attempt to list the meanderings of this company over the decades. I do remember that quite so time ago a poster, possibly deranged, speculated on an anticipated bidding war for the company and/or it's tech.
Fast forward to today. You seem to harbor some skepticism that an idea birthed in the mind of a high school student as a term project can can be parlayed into a cash cow by the current team. I'm pretty sure I'm reading you correctly on this one.
The latest horror was the pump. I can understand not wanting to give it away but if it is truly significantly better than existing tech then we should be able to attract investors to build it ourselves. I don't understand why the company still exists or where the money is coming from to pay whatever staff remains. I don't see how we survive the end of the year. Couldda been a contender but along came that damn C-19.
Bored today and tried to learn a little about Brandon Hudson, our Head of Product. He looks very young but is evidently very bright. Let's continue to hope.
https://www.rit.edu/news/company-led-rit-student-wins-250000
Is this "Primetime" thing akin to the mood ring of the 1970s? I think a bunch of those were actually sold.
"Incompetence and lying are two different things. Only an idiot wouldn't be able to tell them apart." I sometimes have trouble telling them apart. As an example, the preceding quote.
Agreed. As I said years ago the only person with enough voting shares to stop Jim was his brother Keith. He didn't do it and evidently the rest of the board didn't have the courage to force the issue or they would have resigned. The (lack of) quality leadership is and has been astounding.
Thank You for the link----Point taken. However I could go on forever about previous "potential deals" that never materialized.
As to this particular deal I speculated in my head that a much larger company would simply buy the pump for cash, but any deal could be structured in a virtually infinite number of ways. I doubt that we will ever hear of the pump again. I hope I'm wrong but I doubt this company will survive the year 2020. Thanks Again for the link.
I seems particularly pathetic to me to blame the pump failure on C-19.
The most amazing thing to me about the ongoing cluster that is CRGS is that they were able to keep it alive for soooooo long. The last number I remember as to the total dollars squandered by this little Rochester company was north of $60 million. It's likely higher than that by now. I was actually out at one time with a small profit and then got back in. I think it was around the time we started exclusive negotiations with some company re the pump. It was made to sound like a deal was a matter of working out a few operational details.
Another amazing thing is that there are a few individuals (such as the car salesman and a couple of G's) who have been living this lie, full time I guess, for 20 years.
I take no particular pleasure in saying it but I think the economic tide is about to go out and, nationwide, legions of grifters will soon be exposed.
Agree---Thank You
Thanks for sharing the link. A total of 90 seconds of which 30 seconds was a product update (I guess) from some kid. I confess to not understanding a word he said---when I got involved the company was an automotive focused company, not fatigue management.
I wonder if the reason this hasn't wound down completely is that we don't have anyone old enough to sign legal papers.