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Wednesday, November 08, 2006 7:58:22 PM
The price of CTBG has absolutely nothing to do with the Jet Motor or Jerry Swinford. It's IMO a shell that dialer owns and according to the PR put out by (probably?) swinford's bankruptcy attorney will never be spun out. they cannot get the 75 million shares dec'd, and they cannot get separated from grifco unless there's an audit. And grifco will not let that happen, just like they won't let the transfer agent release exactly how many shares outstanding there are.
IMO Jim dial has sold the company just like jarvis did before him, and even if he's trying to hold on, lyamec has seen their intial investment of $3 Million dwindle to less than $350,000 so at some point they probably havce to realize that they made a bad business decision and that jim dial is NOT someone that they want to be realying on in any cpacity, even if he manages to get his act together and actually do something he says.
Sorry to ramble but swinford got in bed with the wrong dude and now probably has lost control of his tools and inventions, too.
But to answer your question,
there won't be any spinoff of shares. They confirmed that from the last PR. CTBG is worthless probably.
there just isn't any untangling this web and IMO it's by design.
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