I remember reading articles about how IBM started under
T J watson that was formerly a meat scale company that bought out a punced card company and bet the entire future of the company on System 360.
The development of the system cost millions to the point
when the payroll came around they could only pay in IBM
stock.
The IBM employees that sold their stock for whatever they could get for it before it became known got peanuts those
employees that chose to hold onto their shares sawe the stock
price of their IBM shares soar and split many times
to a market price of over $600 per share.
later on those original employees became millionaires and used to the money to benefit their families and set up Foundations to donate the money to certain charities and public works.
Those emplloyees that sold their shares chose to stay at
IBM and retired with nothing more than thier retirement
and whatever IBM stock they bought at a discount in the Employees stock purchase plan but missed the real rise
in the value of the stock upon the introduction of IBM system
360.
Shareholders of CTGI have a choice they can hold until
things develop or they can sell for pennies and go on
to whatever they consider will generate them a better return
It is a question of faith in the leaders that manage this company
In light of this financial environment,bailouts,ponzi schemes
and etc. it is understandable people are nervous about their money and will redeem their shares at a moments notice.
Many stock on the OTCBB or pinkheets at these prices in the pennies do not work out for whatever reasons that cuts off their potential,others turn out to be a golden parachute
for their executives and others may turn out to be frauds
Back then they had major competitors that were way ahead of them like Sperry Univac,RCA,Unisys and etc. in which they
chose not to disclose what they were working on or how they
were going to sell or market their system.These compnaies like
Johnson and Johnson and Baxter have hundreds of millions behind them to stay in business.
Since noone had the system they had then IBM chose not to sell their units but to lease them out.This assured IBM of steady
uninterrupted income and no one being able to take their machines apart to reverse engineer a copy of a better machine without their permission.
IBM did not give minute by minute updates of what they were doing and how they were going to market their computers
in advance of introduction for fear of competitive interferrence by the other companies
If IBM had done that many years ago it would have given its much bigger competitors and advantage as to how to stop them
from picking up any of their market share
CTGI has the potential to pick up market share in a market
that is growing at a 16% annual compounded growth rate
that can run into the billions of dollars in the future
Any small perecntage of this market is a major event
for such a small company as CTGI
Regards,
bbhuey
