Centaurus Diamond Tech. Inc. (fka CTDT)

[bizops12]

Well this company has grossly misrepresented what was going on for over two years. They have hired and fired management, made major financial transactions (including share transactions and financial payments to/with board members) and made other share transactions resulting in dilution ALL without reporting to the shareholders or the SEC. They are in major violation of SEC law and it would not be difficult to show the negative impact on shareholders from a financial perspective. They really have no legal defense (just incompetence). In court they would have a difficult time winning. With the heavy investment that both Chas and Delisle have in the company and the personal interest Snaper has then I don't think they want to see the company tied up in court, filing bankruptcy or closing.

Now to be clear - I don't think Chas or Snaper have deliberately done anything to harm shareholders. I really do think they are working to roll this out and I think they are close (but ignorance and incompetence are not legal defenses). It is clear they are in over their heads from a management perspective. Either they don't know the best way to operate or are just not putting the necessary time commitment into the operations. They can get away with that prior to commencement of operations. Once they begin operations then bad management can kill the long term viability of the company. We will see a spike in pps when this goes live but the long term potential of the stock might never be reached.

So we can let them know that we have patiently listened to broken promise after broken promise and looked the other way as they have continued to violate SEC law. But we are done looking the other way. Produce results or hand the management of the company over to someone that can. I don't think it is unreasonable to demand they produce - financials, a strategic plan, a personnel plan and even add 1 or 2 shareholders to their board so we know what is going on. They don't have too because Mr. Snaper has majority control but shareholders have a strong case if we decided to force their hand. I would rather not go that way because I don't think it is in the best interest of anyone short term. Pony you have a lot of leverage also because of your large position. While it does not give you voting control it gives you a lot of control over market action if you chose to do so.

In short they are in a precarious position from a legal stand point and a market stand point. Not listening to shareholders does have risk for them. Just remind them of that.

I hope this answers your question. Good luck to all - this is an amazing technology and I am still 100% behind it!