-If CTGI is not in default with La Jolla and elects to stay in there and hang in there would not have been such a dramtic sell off of CTGI shares .
I would think that if CTGI shares were issued to LaJolla they would have held onto their shares since LAJolla would have a better idea based upon representations to them of their future prospects and what and how soon things were supposed to happen in 2009.
On the other hand there could be a simple explanation that CTGI need money to pay either their overhead such as rent salaries ,legal expenses ,judgement satisfaction or marketing or money to start up the Co2 carbon capture subsidiary and is only temporary.
Maybe a better thing would have been to have a private placement to all of the existing shareholders attached with a warrant to buy the shares at a certain price into the future based upon certain milestones they expect to accomplish
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