Replies to post #24684 on CSMG Technologies, Inc (fka CTGI)

[lowman]

Remember that Citigroup's CEO was paid quite handsomely, despite performance...something DR has NOT.

I believe DR is still quite 'hungry', not to mention probably has better ethics than a majority of these companies whose CEOs are raking in excess of $500,000,000 while still failing to perform.

C'mon, face it: Once a man has made a half billion dollars, what incentive is there left...especially, to perfom for his shareholders?

With no revenues, good economy or bad, CTGI could not have been expected to get great financing terms. That they have been able to pull this off (especially in this current economy) is a sign of awesome business accumen!

Does the financing suggest CTGI is now 'suffering' and now needs cash?

Certainly not anymore than ever before. I would only expect DR to take out additional financing just before he expects to ramp up production considerably. Chances are, the financing is connected to LTC sales, ie; each order for xx number of gensets justifies borrowing more from this credit line.

[MPDanford]

I have stock in a company called Radix Marine (RDXM) that got financing about 3 years ago from La Jolla Cove and La Jolla Cove destroyed it with their shorting even though they had signed a contract saying they would not do it. The officers of RDXM sued La Jolla Cove and won a settlement but the delay and costs involved were too much for the struggling company to overcome. It is now just a shell with no money. Many bigger investors were very upset about the unfair methods used by La Jolla Cove.

I lost all my money at RDXM so I am quite concerned to see La Jolla Cove involved in any stock I have invested. I have been in CTUM/CTGI for about a year and am still hopeful they can pull through. I am encouraged by DR's investment; I just hope that he doesn't let La Jolla Cove stab him in the back.
Mike