CSMG Technologies, Inc (fka CTGI)

[micah211099]

Bruce basically stated the audit was down to 2 or 3 final foot notes and also paying for it I think is holding it up.

Regarding Aegis Bruce said they bakced out about 6 weeks ago but did not state why. Also that a banking team had been put together to present to various PE firms and would be doing so in the next 7-10 days. Also that an Atlanta firm was in negotiations to possibly step in to replace Aegis also.

I agree with your opinions though its make or break time for CTGI. The next 4 months are all or nothing and Bruce basically implied as much. I do think though if you're considering investing a descent chunk of change here, I would consider at least looking into the convertible notes Bruce mentioned. At least that way your investment would have a DIRECT result on the company near term. They are available in $10k lots, carry a 10% rate and would basically convert to 2 shares @ 50% of the MV of the new CSMG after reorg at least from my understanding. I haven't seen the offer sheets yet. Also you would recieve a warrant for an additional share @ 50% of the MV of the new CSMG.

Again all my own opinion.