Good points....at the time of the original IPO PR (Aug. 2006?), the CO2 separator was still on the simmer....not as prominent as LTC, but not as seemingly dead as it is now. CTUM wasn't nearly the one-trick pony that it has become since that time. The LTC process has come a long way since that time and has eclipsed any other CTUM patents/products both in financial potential and importance to the company.
I have emailed the company in the past asking about the Landfill Gas end of the business and have never received a reply. My question was simple: "Is the CTUM CO2 separator currently producing commercial amounts of gas anywhere in the world?" I for one, while a big fan of DR, have never understood why, if the technology was so advanced, CTUM didn't get a plant up and running ANYWHERE. Think of the amazing PR and investor attention a successful LFG plant would produce!! The cost of installation would be offset within weeks of the first news of commercial gas production, if only by hungry JV money eager to get a piece of the green action.
That said, at some point, DR will need to raise some cash for promotion/production/expansion of LTC. He's been running this company on fumes, not shares, for lots of years now. At this late date, when approval happens, (and since the hard work will be finished), I'd like to see the company develop and market LTC themselves: there's hardly a need for a JV partner now that the ground work has been laid.
As for the IPO, I guess there's always the possibility of cashing out on your CTUM shares and buying the LTC shares directly if you don't see any value beyond the LTC end of the biz.
