Lowman, I have given thought to Cornell and the last time CTGI entered into a convertible. I guess the important question is, "at what price did DR close the deal with Cornell?" Yes, we all know it hit .04 and recovered, but what impact did Cornell and the debenture have on the share price? Did the convertible debenture drive CTUM's price down significantly?
Like all longs, I have confidence in Don and DR or I wouldn't be here...lol...it's not like we have much more to go on. But I don't agree that CTGI isn't suffering from the credit crunch. DR HAD to cut this deal. There aren't any better offers out there at this point or this deal would not have happened. I take on board your argument that what's hurting CTGI is a lack of faith on the part of shareholders, but let's face it, that's the new paradigm. Faith-based investing is behind us. Faith is what propelled Citigroup to $50 a share and lack of faith is why they're about to go to the wall. Lack of faith, not lack of fairly priced assets.
And the La Jolla convertible certainly is worthy of close inspection. If La Jolla cuts convertible deals and companies lose 90% of their stock price, I want to know about it. It's simply good DD. One could have made a lot of money playing Cornell convertibles a few years back.
While we all want CTGI to fulfull its promise, who here wouldn't have sold their shares at $2.39 if they knew where we would be trading today?
Market Data 
Markets 
AI
