I would think that certain events would have to happen before the choose to offer their IPO in this difficult market environment.
1.Product for sale-Duct vessel sealing device 2.FDA and EU approval 3.Manufacturing and Development of future products 4.Market acceptance by doctors and hospitals 5.Market acceptance for insurance reimbursement by Medicare and etc. 6.Training 7.Marketing Plan U.S. and E.U 8.Distribution and Licensing and Joint Venture Plan 9.Actual Launch and Sales Revenues 10. Wall street awareness of company products
I maybe wrong but I think upon actual sales or a marketing deals revenues will help quantify the demand for the LTC IPO shares and the market price of the actual shares offerred. which would then affect the CTGI share price.
If they offer IPO LTC prematurely before such sales are in hand then it may have an adverse effect on the value of both LTC and CTGI shares.
Since the market value of the spin out shares of LTC will hopefully revalue the CTGI shares with some perecnt of thenherent value of the LTC shares that it now holds in the majority.
Don and Frank I thnk are probably driving to meet these goals
Hopefully we are getting close less than a month left for January 2009 start.
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