Centaurus Diamond Tech. Inc. (fka CTDT)

[bizops12]

Hey guys - I was able to talk with the head of the Executive Committee yesterday about CTDT. He is really just kind of an advisor and was the primary person that helped put the first round of funding together for CTDT. It was nice to get a little history. Mr. Prentice was indeed hired to put the business plan together as well as funding for the organization. Everyone realizes at this point that this did not work out. The key question at this point is what does Mr. Snaper want to do. He has a lot of options. Apparently there have been offers to purchase the patent, to become a subsidiary of or make CTDT a subsidiary of another company or funding of a general nature but in terms that did not seem favorable. So Mr. Snaper will need to decide if he wants to entertain any of those types of offers or continue to seek funding to build his own company. Obviously he needs to have someone help guide him through those options and negotiations. I am not sure he knows who. I might be getting some additional information prior to meeting with him next month. I am certain now that the Q report will reveal no new information. Also part of the reason they seem to have some basic admin issues is because the Acct, law firm, report prep person (LT) and reviewers (Snaper and until recently Prentice) are all in seperate states around the country or in Canada. Not sure how that came about but if they continue they will need to work on centralizing some operations to facilitate better communications. Will pass on any new information as/if I get any.