CSMG Technologies, Inc (fka CTGI)

[lowman]

Here's the scoop as I understand it, joedebull (and everyone else):

The 'meeting' outlined the present and the planned future of CTGI/LTC/CCTI, though most of it has already been outlined here, before.

DR left CSMG with $3.2M in arrears, which Bruce, et al have reduced by various means down to approx. $775K, which will be eliminated if/when Aegis Capital performs the secondary offering for LTC, and gives CSMG their percentage in exchange for more of LTC. Exact numbers have not been determined yet, but Bruce mentioned the secondary offering hopes to raise $20M+, which would clear CSMG of all debt and provide additional working capital for the new (CCTI) spin-off.

Yes, there will probably be a r/s which would primarily be done to bring the share structure and pps in line with what the underwriter will feel comfortable working with. It will not diminish the value of CTGI though, I'm told, as it's not being done to provide for more/new dilution.

At the same time as the CTGI r/s, LTC will become the sole asset of CTGI (which will then 'name-change' to LTCI(?), and CCTI will then be spun off (becoming it's own publicly traded company), with s/h's receiving at the same time as the CTGI/LTC split, a divi in CCTI.

I'm told that there'll be a s/h vote on these (r/s and divi) matters first though.

CCTI will then be a (20%-33%) s/h of LTC. Once this has all occurred, CCTI will become a holding company (more or less) of other technologies which are currently being considered. I'm told that the CCTI technology itself is continuing to show greater promise, as parlayed to Bruce by Dr. Sayari after her recent presentation. Seems the technology now appears to be ADES's top two choices.

Bruce also mentioned of increasing potentials for the CCTI re-breather market, noting specifically the coal-mining industry in addition to the already understood medical/surgical industry.

I hope this all helps, those to whom it concerns. There's still a fair amount of vaguery/uncertainty and I've only tried to clarify that which can be elaborated on and clarified.