CSMG Technologies, Inc (fka CTGI)

[bbhuey]

I was going over the 10K and read that l:TC also has
to pay all of these fees.

1.LTC must pay a mgt.fee of $200k on the date of the filing of the s-1 for the IPO

2.Pay IAW cost of $4oK per month starting 8/1/08
for research and development work till 8/1/09 totalling $488K

3. Pay a $300K fee for FDA clearance of the 510K payable
10/18/08

4.RRepayment of note between the two companies for 8 % annually beginning 8/1/08

5.Payment of 2% gross royalty of manufacturing price
triggered by the $220K sales payable 10/18/08

6.Payment of $60K for reimbursement of costs for the Kiev
office.

While we do not know to what extent the company has paid for these fees with only $103K in cash on the books in Sept 2008

It appears that based ypon the timelines given that most of these may have been satisfied already except the first
item the fee and costs associated with the filing with
the s-1 for the IPO

If my guess is correct we are getting very close to having
something happen but the slience from DON and company is
deafening and this lack of transparency may affect
his IPO sales success.

Any thoughts?

Regards,

bbhuey