Centaurus Diamond Tech. Inc. (fka CTDT)

[bizops12]

According to Mr. Snaper they have no debt and he does not want any debt or debt financing. I think most here need to face reality. Mr. Snaper was counting on Mr. Prentice to handle the business side of the company including obtaining financing. Apparently Mr. Prentice spoke about a lot of people lining up who were interested in funding but had not yet discussed funding parameters. It is not hard to find a lot of people interested in funding. Putting the deal together in a way that meets the desires of both parties is a completely different thing. Mr. Prentice has not been able to do this and apparently since the company is out of money he has gone elsewhere. Mr. Snaper has the patent and the proven process but cannot move forward without funding. At this point they need to reorganize and put together a plan and seek funding. It will take some time. That is what people need to come to terms with now -either hold for a while longer or take your losses and get out. I discussed some of this with Mr. Snaper this week and will hold a much more detailed conversation with him in November. My goal is to understand what the plan is to move forward and how they will execute it. Who is in charge of the plan? Who is working on funding? If they don't get funding what are their alternatives? If they don't have a plan I will find out how they intend to move forward without one. I honestly don't think you will hear any new information for a while. Hopefully I can bring back some valuable insight for everyone. I think the Q report will basically be a redo of the last one. They are out of money but have no debt. Nothing else. They do have an executive committee and I am hoping to speak with the head of that committee as well. It won't take too much to get them moving. Just needs a person in the drivers seat and some time. I think the wait will be well worth it but again if you feel your money can be working better for you somewhere else then sell and put it to use somewhere else. I don't mean that in an offensive or challenging way either. All of us really have personal decisions to make. Hold on for a while longer and hope they get their ducks in a row or move on. I don't expect to see movement here for a least another 30 days but I hope to be a catylyst for news and perhaps more with my visit. I will continue to hold long and will do anything I can personally to help Mr. Snaper and the company succeed. GLTA