I've pondered the CTGI future as well, micah, and while I too thought the very same thing, it took 10 minutes to realize it would not be quite as easy as that. I wish I could be as positive as you, but fact is, DR was a very strong reason why I remained invested in CTGI/LTC. His unrelenting commitment to LTC was incomparable, in terms of one person/one technology.
Buy-out? If CTGI owned LTC exclusively, then yes, the 'new company' could settle for less than what DR was working for. Unfortunately, it's not quite that simple though.
You see (and I can gladly be corrected if I am wrong), DR had a relationship with the Ukraine Government that no one else in the company has or will ever have. This relationship was vital from the git-go, in acquiring what we DO 'own', which is actually, 86% of all revenue production of world-wide (Ukraine notwithstanding) exclusive marketing rights (we don't own the technology itself).
Years ago (late 80's?, early 90's, DR and UTEK (I believe) use to disarm Russian warheads for the Ukraine(?) government. I believe this is when/where DR began his relationship with the Ukraine gov. I could be wrong. His relationship to Ukraine could go even further back than that. At any rate...
Somewhere along the line, he earned the respect of the government, as well as the E.O.Paton Institute's admiration, and I believe, E.O. Paton himself.
Understand that Ukraine is not a capitalist country and does not create technology merely to be sold to the highest bidder. If I'm correct, there wasn't even a "LTC" until DR came along. It was just a 'technology' Ukraine was perfecting and using within their own boundaries/borders.
The trust that existed and was granted for DR and LTC may have very well been exclusive to DR, and no others, meaning should DR no longer be able to execute their agreements, all rights revert back to the Ukraine gov. I am hoping to get more clarification on this soon, but even the new CTGI management may not be able to answer questions just yet, as DR kept more than a few things very tight to the vest, and it'll take time to sort thru the 'truth of the matter'.
Nonetheless, there are a few 'safeguards' we can be sure of, one mostly being that Empire Financial would probably not have backed CSMG/LTC unless their investment was 'safe' regardless of who ran the company.
Though a 'buy-out' is a nice thought, this is not as simple and likely as it sounds. It would not provide any on-going revenue or other income to the Ukraine gov. or E.O.Paton Inst., which I believe is what they were expecting.
(Remember, $50M after taxes, is nowhere near $50M anymore, and E.O. Paton would not be happy with just chump change, after Empire takes their bridge loan back, which is the scenario a buyout would create.)
While Dr. Kutz may be the finest surgeon in his field, by no means does he have the business acumen that DR had...acumen that won DR well over 100 (I believe) awards of varying natures. It is this that has me greatly concerned, and this acumen that was CSMG's [greatest] 'asset' (for lack of a better word), from the investor standpoint.
Going forward, we can only hope that DR left office with enough detailed on-going negotiations already, where a third party (a savvy lawyer-type businessman) can pick up the pieces and finish where DR left off.
IMVHO, I believe that CTGI/LTC will stay the course as DR has set the company up to be in 5-10-20 years. However, IMO, it's going to take even yet a little longer (to realize some true ROI), since now, someone new has to sort thru 'DR's desk', just to see and know exactly where CTGI/LTC stood, in terms of obligations and negotiations. I wouldn't hope for or expect the passing of DR to help expediate things in any way. To the contrary. Sad to say, it only prolongs potentials.
News 
Market Data 
Discover 
