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rocketeer357

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rocketeer357

Re: maddogs post# 33430

Monday, 08/02/2010 8:57:11 PM

Monday, August 02, 2010 8:57:11 PM

Post# of 35633
Could be....
that CTGI's hands are now totally tied with the news of the JLI BK last week and until that mess is sorted, they are, essentially, shut down.

It wasn't long ago that board members speculated that JLI was going to be the sugar daddy here again. Looks like JLI is more of an albatross now, not unlike Greenblatt...

Worst case scenario: CTGI was negotiating with JLI for more funds over the past 6 months and thought they were close to a deal....until last week.

Best case scenario: CTGI knew JLI was nearing insolvency, negotiated legal exemption from a lien on the company and has been busy lining up another source of funds.

Our CEO has been awfully quiet since taking on the job....
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