Crystal Intl Travel Group Inc. (fka CINT)

[ThePennyTrader]

I will respond very briefly to that post.

Despite the fact that we know Mr. Dugan sold his previous company for X amount of dollars, what we don't know if how much of that money he actually took home with him.

In any case CINT is a publicly traded company, not a privately held company. Being that it is publicly traded it would not make sense for someone like Mr. Dugan to contribute money out of his own pocket directly to pay for the companies expenditures. Think about that for a second. Do you supposed the major board members of the automakers and banks are writing checks out of their personal checking account to fund the business? Heck no. As CINT is a public company just like every other public stock, the stockholders are basically responsible for such expenditures until such time that the company can turn a profit and only need further stock issues for major projects when they don't want to dip into working capital.

So at this time we can assume that CINT is not operating a profit, and to expect Mr. Dugan to personally finance the public company shows a real lack of understanding of public stocks in the first place.