Centaurus Diamond Tech. Inc. (fka CTDT)

[bizops12]

Funding - How, what kind and why new funding. The new funding is for the purchase of 3 new machines (that is the plan) so they can go into production. It will also allow for additional staff to manage the machines and administrative requirements.

They had over 43 venture/capital firms interested in investing and cut the list down to a handful. So many more companies expressed interest they re-opened the process and now have 12 to 13 potential investors looking at 1 to 5 million as the initial investment.

He could not tell me the finance structure yet so I don't know if it will be equity or debt. The good news is these companies are very involved with the companies they invest in. They will make sure sound decisions, business practices and strategic plans are followed. They will also probably want a lot of PR - particularly if they are equity based.