Updates from my call with the CDIT CEO today:
1) Michella Frosha is currently working with her lawyers to move CDIT off the pinksheets as soon as possible.
2) As part of CDIT going public, free shares were issued to the folks who brought CDIT public (I did not ask how many shares were issued to them). Their selling has been the reason for the drop in pps for CDIT but should be done soon.
3) CDIT is working with 2 investment groups, in Calgary, to buy back as many shares of CDIT, as possible, on the open market (from the 14M public float).
4) The website should be up within the next 2 weeks (targeting November 1st).
5) Expecting some "good announcements coming out shortly" including deals that CDIT is currently working on for cultural property in Europe and Asia. Revenue projections for 06' expected out by the middle of November.
6) The 15-year license that CDIT has with the papal authorities to make reproductions of artifacts in the Vatican library is still in effect and CDIT is in the process of renogotiating the terms of the license. We should hear something soon on this.
7) Plans underway to launch a mini-exhibition within the next 2-4 months with a major exhibition targeted in 12-14 months.
8) Michella indicated that CDIT has no plans to add additional shares to the float.
I was very impressed with Michella and have confidence that the plan she is putting into place for CDIT will move this one nicely over the next coming weeks. GLTA
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