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Friday, 10/16/2009 11:08:18 PM

Friday, October 16, 2009 11:08:18 PM

Post# of 4679
The evolution of CT Holdings…

Here is another long one from me but I was trying to go back and see how Solomon has operated CT Holdings/CT Enterprises in the past. This is all imo but I think we will see a similar event happen with CWDW with what happened to CT Holdings and Xcorporeal.

Here is basically what CT Holdings is:
CT Holdings is a technology incubator that has provided management expertise including consulting on operations, marketing and strategic planning and has been a source of capital to early stage technology companies. The Company was incorporated in Delaware in 1992. The business model was designed to enable the companies with whom the Company acquires or invests to become market leaders in their industries. The Company's business strategy since 1996 has led to the development, acquisition and operation of technology based businesses with compelling valuations and strong business models. The goal has been to realize the value of these investments for the Company's shareholders through a subsequent liquidity event such as a sale, merger, spin-off or initial public offering of the investee companies.

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Here was the headline and important information from that deal/merger:

Xcorporeal, Inc. And CT Holdings Enterprises, Inc. Execute Definitive Merger Agreement
August 21, 2007

Los Angeles, CA - Xcorporeal, Inc. and CT Holdings Enterprises, Inc. recently announced that they have executed a definitive merger agreement with respect to a reverse merger between Xcorporeal and CT Holdings, pursuant to which Xcorporeal will emerge as the surviving entity. Xcorporeal is a medical device company that has developed an innovative extra-corporeal platform technology to build devices that may potentially perform functions of various human organs.
On November 20 and December 13, 2006, Xcorporeal issued shares of its common stock at a price of $7.00 per share in private placements to approximately one hundred institutional and accredited investors for gross proceeds of approximately $29.4 million.
Under the merger agreement, CT Holdings will effect a 1-for-8.27 reverse stock split of CT Holdings' common stock immediately prior to the merger. CT Holdings will then acquire all of the issued and outstanding capital stock of Xcorporeal, and the holders of Xcorporeal capital stock will receive an equal share of common stock of CT Holdings which, upon the closing of the merger, will equal approximately 97.6% of the total issued and outstanding shares of common stock.
"We believe facilitating access to the public markets for this exciting medical device Company represents a significant opportunity for our shareholders," said Steven B. Solomon, CT Holdings' Chief Executive Officer.

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Now before you panic about the reverse split and only having 2.4% of the new company, go back and read my post here on why this was still a great deal for CTHE shareholders:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42486292

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There are a lot of similarities to what they did with Xcorporeal and what they may be looking to do with Palmaz Scientific. Notice that XCRP had done 2 private placements for about $30 million/$7.00 per share about 8-9 months back.

Well guess what Palmaz has done within the past year?

http://edgarest.com/company/name/1432568/PALMAZ_SCIENTIFIC_INC

To close, nothing is a given but if you connect the dots I think it may be worth throwing a few dollars at this shell that states right at the OTCBB website: The Company might engage in a merger or similar transaction if such a transaction is presented to it and is approved by its stockholders.

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