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lowman

07/02/07 12:37 AM

#10808 RE: look1 #10799

CTUM (CSMG) will most likely always retain atleast 50% ownership of LTC, even well after the IPO.

Though I don't know what the numbers are, I believe LTC will be leased on a per use basis, as well as a mark-up between manufacturing costs of the 'tools', and actual selling price. I'm not sure how much of the apparatus to be used with the welder is throw-away, but I know atleast some of it is.

I believe there are well over a dozen different 'tools' to assist the LTC welders.