Replies to post #33931 on CSMG Technologies, Inc (fka CTGI)

[sojourner]

Re: "A week ago, I owned CTGI shares. I was a partial owner of 100% of LTC and CCTI."

That post offers plenty of food for thought and comment. However, it needs be clarified that no shareholder ever was "partial owner of 100% of LTC". Years ago, when LTC emerged, CSMG owned 86%. Over time, DR wittled that percentage down in order to finance what should be termed a fiasco of extravagance under the administration of Frank d'Amelio and Donald Robbins. As it is, LTC carries a US$20 million loss on its books incurred during the time Robbins was spending over US$300,000 per month. Following DR's death, the new team no doubt took a hefty percentage of shares off the top. A week ago, a shareholder was probably partial owner of 33%+/- of LTC. What will the new configuration yield? My guess is ca. 20% maximum but better than nothing. Time will tell.

[lowman]

"By "considerably reducing" CTGI's stake in LTC, all those millions of shares the man (DR) held are, essentially, going to be traded in for pennies on the dollar. This will be true for all of us shareholders and is a reason that there will be much downward pressure in the PPS as people with big positions realize what's happening and sell out."

While I won't argue with most of your post, I will contend that your "IMO" turns out to make fact out of assumption. Nice try, but you have no more insight than any of the rest of us, and I hardly think big positions are going to start bailing, selling for pittance (pennies) of inherent or potential value.

(It might also be noted that all pinksheet shares issued, usually go thru 1 year restrictions, unless sold to investment bankers performing dilution services. Shares that DR issued just prior to his passing most likely cannot even begin to hit the market until Dec., IF they even do, then.)


Regarding CSMG(CTGI), I found the PR pretty explanatory, myself. It appears that after the CCTI spin-off, CSMG's LTC asset will remain by itself and CTGI will undergo a name and symbol change (LTCI?), of which the current CFO (K.Bruce Jones) will no longer be a part of. Mr. Jones will then either head-up CCTI (since it's basically been his puppy all along), or the current CSMG directors will bring a new guy in to perform CEO duties, while Mr Jones continues as CFO, and scout for new acquisitions. Upon the CCTI spin-off, CCTI will basically be a debt-free company, and owning divi's in it will automatically be rather valuable, all things considered.

However, I do concede, as you say, things are still murky. Of most curiosity to me is CCTI's share structure and the divi we will receive in it. These divis alone, could equate to the value of CTGI shares, as is right now (.10).

So PLEASE rocketeer (as a non-shareholder), if you wish to point out the downsides, at least include the upsides as well.