Replies to post #35311 on Centaurus Diamond Tech. Inc. (fka CTDT)

[gitreal]

Shares ultimately come from the company.

[Venture_Cap]

Agreed. Dilution can’t happen under a chill. Whoever (Chaz) is funding them is paying the bills.

My guess is that Snaper and company don’t want to give away equity to obtain external funding.

Hence the exploration for alternative non traditional means of funding.

As a shareholder I can appreciate the courtesy in non dilutive means. Although their hand was forced by the chill more than anything else.

[1manband]

$307K in General and Administrative Expenses (Plus $30K in rent to Snaper) is VERY high for a company with no operations and revenue is enormous. $37,500 went to the auditor, so what was the other $280K spent on?

The Company is also not in compliance with their Section 16A Reporting, which means there were stock transactions by officers, directors and large shareholders that were either filed late or not filed at all. The regulations require the Company to name them (both which persons did not comply and which transactions) in the 10-K, but CTDT conveniently ignored that requirement. I wonder why?

"SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

Section 16(a) of the Securities Exchange Act of 1934 requires our executive officers and directors, and persons who own more than ten percent of a registered class of our equity securities, file reports of ownership and changes in ownership with the SEC. Executive officers, directors and greater-than-ten percent stockholders are required by SEC regulations to furnish us with all Section 16(a) forms they file. Based on our review of filings made on the SEC website, and the fact of us not receiving certain forms or written representations from certain reporting persons that they have complied with the relevant filing requirements, we believe that, during the year ended March 31, 2019, our executive officers, directors and greater-than-ten percent stockholders have not complied with all Section 16(a) filing requirements."

Again, how were they not in compliance? NAME THEM! This is the SEC regulation which CTDT is violating:

§ 229.405 (Item 405) Compliance with Section 16(a) of the Exchange Act.
(a)Reporting obligation. Every registrant having a class of equity securities registered pursuant to Section 12 of the Exchange Act (15 U.S.C. 78l) and every closed-end investment company registered under the Investment Company Act of 1940 (15 U.S.C. 80a-1et seq.) must:

(1) Under the caption “Delinquent Section 16(a) Reports,” identify each person who, at any time during the fiscal year, was a director, officer, beneficial owner of more than ten percent of any class of equity securities of the registrant registered pursuant to Section 12 of the Exchange Act, or any other person subject to Section 16 of the Exchange Act with respect to the registrant because of the requirements of Section 30 of the Investment Company Act (“reporting person”) that failed to file on a timely basis reports required by Section 16(a) of the Exchange Act during the most recent fiscal year or prior fiscal years.

(2) For each such person, set forth the number of late reports, the number of transactions that were not reported on a timely basis, and any known failure to file a required form. A known failure to file would include, but not be limited to, a failure to file a Form 3, which is required of all reporting persons, and a failure to file a Form 5 in the absence of the written representation referred to in paragraph (b)(3) of this section, unless the registrant otherwise knows that no Form 5 is required.