Re: "... is enough to keep existing shareholders hanging tight, not to mention all the other positives in the PR that everyone else here agreed with."
Where's the venerable kgoodrich, master of seasonal trading? By all appearances, the legendary CTGI "February effect" may be rearing its head before too long. CTGI unchained once again?
Cliff's Notes version of B.O.D. letter to shareholders (07 Jan 2010)
I) Primary objectives (near term):
(a) Sound company financials (b) Bring LTC to market quickly
II) In pursuit of objectives:
(1) In discussions with familiar underwriter (in past raised funds for LTC start-up).
(2) In discussions with prospective management team to take LTC commercial. (DR led prior negotiations w/same.)
(3) Follow-up due diligence: Kutz, Hohauser and prospective management team to observe live-human LTC procedures in Ukraine (January 2009) CCTI (CSMG subsidiary) progress:
1) Testing by ADA Environmental Services (ADES, NasdaqCM) rates Sayari solid amine as among best performing CO2 scrubber of 100+ compounds tested
1a) ADA to build CO2-scrubber pilot plant in spring 2010 and test Sayari solid amine at Texas coal-fired electric facility
2) CSMG pursues use of Sayari solid amine (pelletized) in closed circuit re-breathers for surgical, mine/fire rescue, submarine, and SCUBA applications; market estimated @ $400 million to $800 million
2a) Ottawa Heart Institute to test Sayari solid amine in artificial lung in spring 2010
2b) CSMG in encouraging discussions with leading manufacturer of mine/fire rescue re-breather backpacks