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rocketeer357

05/04/10 2:44 AM

#32557 RE: SLOman #32556

Especially considering the new management team accepted their positions at LTC at least six weeks ago.

I believe this is contingent on the $$ coming through.

What would hold up negotiations? Maybe someone wants a bigger piece of the pie than was previously mused about on this board.......
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lowman

05/04/10 11:58 AM

#32560 RE: SLOman #32556

From what I've gathered, CTGI is currently preparing to re-uplist to the OTCBB (becoming fully reporting), which I believe may be the last requirement of Empire's before the second stage bridge loan. Financials are being completed right now, and before long, I believe we should be looking for both those and the SEC request to uplist. After that comes the bridge loan.

Not exactly what everyone wants to hear, but then it's better IMO to move a little slower at getting things back on track, than to blast out another load of new shares to speed things up. We've been patient this long. I doubt another few weeks will make much of a dif. Just the uplisting alone should bring some new buying. Followed by the loan, and we're back in business.

I'm told the next round of financing will go to manufacturing gensets and tools, so who knows? Maybe we'll even hear of sales in 2-3 months.