bbhuey, my read is La Jolla will make payments on the note so long as they feel things are on track. I think they are after the big payoff (share price over 2.10). See airdale's post http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33723976 - La Jolla has a decent track record.
Financing is there until company has revenues; once that bridge is crossed less financing will be needed (and be easier to get).
Two things to keep in mind: 1. DR is CSMG's largest shareholder. This aligns his interests with ours. 2. There has been no insider selling since the financial meltdown began. That signals confidence.
I'm betting the company will succeed. And the share price, if it doesn't lead, will inevitably follow.
Several other people have already said this but I'll say it again - In this market it is amazing to get financing. That really says alot about the prospects of LTC.
Two other companies I had an interest in did not get the anticipated or previously agreed to financing. Silver Eagle Mines and ADINO Energy Corp. Silver Eagle had to issue a statement that they were low on money and therefore had to consider any and all options including putting the mine on care and maintenance.
It definitely would have stunk if we got the same type of message from CTGI instead of finding the financing agreement.
This horse is not dead and someone in this market wants to back it.
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