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sojourner

09/14/10 3:38 PM

#34141 RE: lowman #34140

capgains/lowman: Thanks for notes of meeting. Informative, nicely composed, and certainly appreciated by posters and lurkers alike.

It seems Aegis/Jones hatched elegant if not ingenious plan by suppressing complicated costly LTC IPO in favor of subsidiary swallowing parent followed by easy pie secondary offering. Not to mention folding juicy LTC $20 MM tax loss carry-forward into CSMG hybrid. Kudos to Mr. Jones and "master chefs" at Aegis.

Meanwhile, minimum 20% ownership of LTC by CSMG confirmed. Twenty percent and change arguably qualifies as significant stake in potential blockbuster surgical technology. Reducing $3.2 MM debt burden, inherited from old regime, to $775,000 is no mean feat but does argue for CSMG stake in LTC closer to 20% than outlier 33%. Additional increments, of course, would be delectable gravy.

Probable R/S hardly surprises if they have Nasdaq ambitions. Even OTC-BB stocks shine more brightly over $1.00. Proviso of no further dilution will be tested although management, top heavy with common shares, would stand to lose vis a vis non-accretive dilution.

Word that Dr. Sayari's solid sorbent TRI-PE-MCM-41 technology placed in top-two echelon is delightful news.

Thanks, again.

ctgi







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texasspeculator

09/14/10 4:07 PM

#34142 RE: lowman #34140

lowman, you argued w/me some time ago and told me that you were not the leader of this Board but were just the moderator. You and Ninja are doing a yeoman's job of leadership trying to interpret what is happening currently and what we might see in the future. Kudos to both of you.
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joedebull

09/14/10 4:51 PM

#34144 RE: lowman #34140

LM - Great reply, thanks for your time and effort.
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sojourner

09/14/10 5:12 PM

#34145 RE: lowman #34140

LM: Did Mr. Jones speak of the audit and when it might surface? Generally, in pinkie parlance, two weeks is a rubbery term meaning at least one month. It's now three weeks since 25 August PR. The way I figure it, the stock likely won't get to first base until market perceives, one way or another, the new team is certain to take charge. The audit is the crucial precursor because money presumably flows post audit, not pre audit.

ctgi