CSMG Technologies, Inc (fka CTGI)

[bbhuey]

The question of the gap being filled to a certain
extent with the last two days downdraft has amost been completed.

There was a buy signal at $.94 and a sell signal at $1.71

It has now made its 50% fib retracement at $1.35 will it
go beyond that to 61% or more.In a few more days we will know.

But even the news release today did not help to keep the stock price up.

It seems to me we are in the process of flushing out the daytraders and weaker hands until we gewt some new blood
August 19th into the stock.

By then the bid/ask will be very tight with maybe a $.05
spread because it will be difficult for the MMs to suplly
shares that is why they are playing their downer games now.

The news release was a little disconcerting becuase I
thought they would be able to hit ther ground running
but as someone mentioned that was for exhibition purposes.

Generally companies have some distributors,sales organizations
and other entities that they already have an interest in licensing or sales of the product pending FDA approval.

I don't the reason why we have not and had any guidance on this yet unless they chose not to do do until they got FDA approval before they make any announcement in this regard.

We all have to be patient for new developments and catalysts.

Don and Company I am sure are not letting the grass grow under their feet since we are now out of the gate.


Regards,
bbhuey