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Here's a prediction for the the group. I say LT resurfaces with CTDT within the next 3 months, in an official organizational capacity. How's that for bold!
Valid points. Good post.
He remains on very good terms with Snaper and is available to help should anyone ask. There was considerable friction with Prentice, however, which will obviously limit any significant involvement with CTDT going forward.
Fair enough. I still think we'll be OK.
I don't see this as LT's fault at all. He was forthright and honest with all of us. Not a fan of the blog but he did try to offer us insight into the company that was fed to him by the company officers. Scape goating LT is distracting everyone from the company's epically poor execution. Does anyone really believe that the SP would have reached .13 without LT and the blog? We had drifted down to .0065 which I, for one, remember well. Had the company offered us anything of substance prior to LT's involvement? Blame should be directed accordingly and the company's predicament has much more to do with Prentice and Snaper than with LT.
I required cpr and short interval life support after reading the first 2 lines iof your post. Once rescussitated, I finished the rest and, as always, am very appreciative for your input.
It would take more than a 24 hour delayed PR to get me to bail. Everyone has their threshold based upon expectations. You're not wrong but your reasoning is also not universal. Things don't always go seemlessly with penny stocks (as you know).
Great! Then I'll buy much more.
Did people truly expect anything different from the 10K? Lt was truthful from the start. The 10K would be bland at best with no guidance of projections. Nothing has changed other than it actually has been filed and we move on. We are still one PR away from a much higher SP. Most of us also remain uncertain if that PR will ever come.
Nice work, bradlee. Thanks again. Calms us down a bit.
Thanks. Hope you get through.
bradlee,
Thanks for your input, as always. Have you actually spoken with Prentice? Most of us have been unable to "get through" to him.
$13.70 Zimbabwean Dollars, Lira, Drachmas....Nah!
Thanks. Good to hear!
hotrod,
You've been clued into CTDT for some time now. Are you surprised by how slowly things seem to be moving? Filing issues?
I myself am both surprised and disappointed but I plan to hold for a while. No point selling at these levels anyway.
Good point. Prentice did feel the blog to be "too revealing". Hope springs eternal!
Good thoughts. This "speculating" stuff can be hard work, especially on a Sunday!
There lies the problem as I see it. DeBeers would be a logical partner or buy out candidate without question. As it turns out, Prentice has strong ties to GIA which we all know. DeBeers is highly entwined in GIA (not surprisingly), having funded much of their labaratory infrustructure, as I understand. My concern is for a conflict of interest with regards to our President and COO. Not a conspiracy theory, but a legitimate concern.
I agree. The SP went from .006 to .13 largely because of LT and his Blog's information/prose. The "Prentice " approach to PR was employed prior to that, corresponding to a slow, persistent SP decay. Hope Prentice offers more going forward.
Couldn't agree with you more! LT is a bright guy who had our backs to a fault.
On a positive note, the blog was shut down by Prentice because he felt it to be "too revealing". I guess we can take that as a good sign. Time will tell.
bizops,
I may not agree with some of your points but I very much appreciate your thoughtful input to this forum. Keep it up and thanks.
There is actually a third reason. Some gratify themselves by disruptively bashing without having invested. We actually get a few of those transients here as well. I personally am of the "hurt" category. I would have to see clearly positive steps from the company before I would consider adding.
bizops,
I appreciate your optimistic perspective. I have not had the experience of developing a start-up company and thus lack that insight. What I have done is try to call Prentice on multiple occasions and have yet to be answered. No messages have been returned. I hear LT describe how various suitors interested in joint ventures/partnerships with CTDT have had similar difficulty connecting with Prentice. The PP last year netted CTDT a half million dollars and I believe most is gone. You direct your blame for the 10K filing debacle towards LT and you may be right. However, when has CTDT filed on time previously? Prentice doesn't get a free pass from me. He has been at the helm for a while with no tangible results. It's not at all hate from me. I don't know the guy. It's lack of execution, plain and simple. I'll give him time because I have no choice. Not worth selling at these levels. But you can't expect anyone to nominate him for executive of the year given his track record.
aroque,
I for one, have never been happy with Prentice as COO/President. Most of you know this by now. He has managed to lose significant company value over the past year despite considerable promise and Snaper's name. Again, I feel he is either inept or worse. We all know that any semblance of Magnatek production with corresponding PRs would send the SP through the roof. The increased SP would add value and negotiating leverage when proposing/discussing company mergers and/or partnerships. This isn't rocket science. Why is he so hesitant? I'm not sure but I do know that we are still 1 meaningful PR from $-land and that's what keeps me around.
That hurts!
I spoke to him yesterday and he seemed (not surprisingly) frustrated. He confirmed that his IR responsibilities have been shut down. He will still answer the phone but he can not discuss CTDT. I, for one, have no issue with LT. He discussed company information fed to him by Prentice. Non factual information was the "product" of the COO, IMO. Although my impression of LT remains favorable, that's not to say I wouldn't trade real PRs for the blog in a heartbeat!
The other thing to consider is that they are broke or near broke. 10 K should confirm this. That might actually force the company's hand and hasten a final disposition. Hope burns eternal!
Well... looks like a long term hold at this point. Management is without question inept or worse. Snaper and the patents, however, are real and there lies my hope. Snaper owns 60% of our company and certainly is not benefiting from the SP as it stands. Got to think something will eventually materialize, maybe by 7/04/14! Buyout is all that makes sense going forward. These guys could never grow a company effectively.
About the time I expect the 10K to be posted. Nice coincidence!
Hey Hotrod......come add to the insanity!
I actually think you nailed it! Here's my take, FWIW. I think things are coming to a head with all the craziness recently. Late filings, signature-gate, Blog tab - ON..... Blog tab - OFF, and 1 years worth of inactivity (and this is my abbreviated list). I spoke with LT who confirmed that Mr. Snaper took note of the multiple shareholders who called to express concerns (thanks for taking the time). Cash from the original private placement is nearly gone and the SP is in the toilet. Status quo is not an option because Centaurus is out of money. The 10K will confirm this if and when it surfaces. I do believe something will happen within 2-3 weeks. Production announcement, financing deal, partnerships should all be on the table. IMO, it all comes down to Snaper's interest and involvement. I'm hoping he'll engage finally. We'll see how this plays out. I'm surprisingly optimistic. No point in selling shares at these level anyway.
As for Prentice... well, you guys already know how I feel about our COO's performance.
Saturday. He said "Tuesday the latest".
Actually, LT told me the 10K will be filed Monday or Tuesday.
Thanks bradlee. Tina for President?
It's not hate for Prentice. It's concern. He's been COO for over a year without tangible results. It's not his first week on the job. He refuses to communicate with virtually everyone and fails to support the SP which would offer both value leverage while negotiating mergers or buyouts. Doesn't add up to me.
Hopefully some good news from the farm! We could use it.Thanks bradlee.
It means that Prentice is unwilling to disclose follow through to the earlier PR which he actually approved. It's both perplexing and maddening. We're hanging in limbo between R&D and production phase. He seems content with where we are although he clearly shouldn't be. Hard to trust this guy.
The 10K will simply address "company direction" and financials for the past fiscal year. These will be basically insignificant given our stagnation and the COO's perpetual inaction. No earlier filing has ever touched upon forward projections or guidance. They won't start now.
Not to worry, jacuzyy. The 10K will actually be quite bland, I'm certain. The key is for the filing to be completed which I expect will happen in short order.
The thing is that my goal really is to stir the pot a little, hoping to get things in motion one way or another. If this prompts Prentice to disclose real news, terrific. If he's truly exposed for intentional misconduct, then he should be canned.