Centaurus Diamond Tech. Inc. (fka CTDT)

[bizops12]

Snaper wanted $400,000 to run the next round of testing. If they had done that and published successful results the stock price would be much better and funding would not be a problem. Instead we see them spend 1 1/2 times that for "services rendered" and as far as we know they are no closer to finalizing the formula for diamonds.

Snaper could not find his way out of a paperbag when it comes to business sense. I had investors willing to pony up $400,000 with no dilution and at .04 per share. Exactly what he wanted. Instead he listens to his investment advisors and just moves on with these guys.

I have a lot of confidence in the technology and really like Mr. Snaper. But this is so frustrating. I hope these guys get it together and build this into a dynamic company. But right now it looks like the only one profiting is Radovich and Delisle.

I hope I am overreacting but this filing is really bad in my opinion. First real evidence of the new management teams operations and it looks really lopsided to me.