Clever,
I been there and done that and got the little shot glass to prove it. I think that if you were sitting neutral you would see so much more clearly about what could be going on.
The PR said, "CTT anticipates that all deficient reports will be filed with the SEC by month's end. The Company will update shareholders should this deadline be extended due to constraints in completing the historical filings for IPMC."
Not only have we not seen "all" we haven't even seen "one". Ane based on my experience with BLTI, who had a real team of auditors on the task, they won't be filed concurrently. IMO.
Grifco states "it is expected to launch periodic quarterly financial reporting to align it with SEC reprting requirements for small business issuers. The company's new qurterly reporting is expected to be issued at the end of the first quarter and to coincide with the start of its fiscal year month of July, 2006."
So what does that really mean?
Well IMO they're going to start in July, and the qurter ends Sept 30. Then they've got 45 days, to even be compliant in filing. You're looking at at least Next Jan until the SEC let's them stick those CTBG shares in your account. IMO of course , but that's why I said there's nothing to this stock.
This stock is worthless, IMO because they will NEVER get those filings caught up, and then, also IMO IMO, you'll find out they've sold 250M shares or whatever and have to do a R/S into another shell or into the same shell to get it back down again.
The oddds IMO are so far stacked against this one, and I don't think Dial has the mental cpacity to get it done. He certainly hasn't shown capability in any department I've seen, but maybe he keeps the shop clean and the welders busy.......
Think of it this way, if they're spending 24/7 or 80% of their time trying to get this thing done, where is all the money coming from for accountants, counsel, etc.
They almost have to be selling shares out of treasury to pay for all this, which IMO is the reason for the delay, they are stringing it along hoping to get it done before the truth comes out.
Jim Dial not authorizing anyone to see the TA books is key to this whole thing, IMO. There's no good reason for that. It's a race against time, IMO and he cannot pump the stock up with a bogus, "WE'RE IN LIBYA" PR anymore so he can shell out another 2MM shares at .20 to pay that 400,000 lawyer fee he's got this quarter. I am not saying that's what is going on, but lots of pinks try the long shot at getting legitimate doing so. Miss, turn around and do it again.
Trim a Lawn anyone?
There's a reason why they didn't IPO in the first place
There's a reason why Dialer won't authorize that TA to show the real story. What is it? He's too busy?
at .11 on June 1 2006 would you still have bought, back in June 2005?
This is in no way insinutating that they are crooks or criminals, or lying. They're just trying to "get it done" and doing ebverything that they can to do so.
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