AI
Wednesday, May 11, 2005 12:36:54 AM
One more time - for you Len...
Len - This post below was deleted because I referred to Phyl. So I won't do that anymore
Lent - I DIDN'T KNOW THE BK WAS GOING DOWN. But, for the sake of your argument, let's say I did know. I bought shares up until minutes before the announcement. Now that would be stupid!!! I could have waited 15 minutes and got shares for .50 rather than 1.19. I didn't buy shares after the BK - my wife would have killed me!!!!
I have taken very little money off the table with CTC. I did a great job of swing trading CTC in 2004 until it booshed in the fall at which time I stopped trading it for fear of not being able to buy back in. In 2005 I have only sold to provide funds for capital investment in my business. Less than $50k.
As for Phil wasting time trying to find where I said the lawsuits didn't exist and looking to blame others for the predicament and/or having inside info....
I stated my OPINION of the lawsuits, which obviously was the majority opinion of the market prior to the rulings against CTC in CTC vs Acquvest. In Oct-04 Acquvest filed a cross claim in the suit. That same month CTC PPS took off like a rocket and topped off in January followed by (IMO) a slow decline in PPS due to the lack of China agreement and no revenue orders.
That case had no affect on the PPS until a judge changed his mind on 4/14 and reversed 2 earlier opinions. When CTC announced they lost that ruling the stock went from steady decline to a downhill slide. The smart maybe saw the writing on the wall. I was NOT smart.
FWIW - I still think the suits are bogus and CTC will win or at least have much less exposure in a settlement.
You guys mentioned someone or some people posting BK info on RB before 5/5. I would question them how they knew, not patsy, garth or me. I can't comment as I never saw those posts and I haven't gone back to read the 3 or 4 days worth of junk before BK day.
One last thing - if CTC had executed on China and other significant business this lawsuit would have had very little effect on the PPS.
Len - This post below was deleted because I referred to Phyl. So I won't do that anymore
Lent - I DIDN'T KNOW THE BK WAS GOING DOWN. But, for the sake of your argument, let's say I did know. I bought shares up until minutes before the announcement. Now that would be stupid!!! I could have waited 15 minutes and got shares for .50 rather than 1.19. I didn't buy shares after the BK - my wife would have killed me!!!!
I have taken very little money off the table with CTC. I did a great job of swing trading CTC in 2004 until it booshed in the fall at which time I stopped trading it for fear of not being able to buy back in. In 2005 I have only sold to provide funds for capital investment in my business. Less than $50k.
As for Phil wasting time trying to find where I said the lawsuits didn't exist and looking to blame others for the predicament and/or having inside info....
I stated my OPINION of the lawsuits, which obviously was the majority opinion of the market prior to the rulings against CTC in CTC vs Acquvest. In Oct-04 Acquvest filed a cross claim in the suit. That same month CTC PPS took off like a rocket and topped off in January followed by (IMO) a slow decline in PPS due to the lack of China agreement and no revenue orders.
That case had no affect on the PPS until a judge changed his mind on 4/14 and reversed 2 earlier opinions. When CTC announced they lost that ruling the stock went from steady decline to a downhill slide. The smart maybe saw the writing on the wall. I was NOT smart.
FWIW - I still think the suits are bogus and CTC will win or at least have much less exposure in a settlement.
You guys mentioned someone or some people posting BK info on RB before 5/5. I would question them how they knew, not patsy, garth or me. I can't comment as I never saw those posts and I haven't gone back to read the 3 or 4 days worth of junk before BK day.
One last thing - if CTC had executed on China and other significant business this lawsuit would have had very little effect on the PPS.
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