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Jagman

09/17/10 9:42 AM

#34232 RE: rocketeer357 #34227

20 million bucks?? That's just to feed the pump. More like "up to $20 million" IF the company can keep the story going and the "lender" can still dump discounted shares on the market. Would you give this company, say, 50% of the value of your net worth as a loan without some guarantee you would not lose your principal?

And ask yourself why no lenders from the USA??? Because the Europeans are free from USA SEC (and others) scrutiny...duh...


















lowman

09/17/10 12:11 PM

#34238 RE: rocketeer357 #34227

I think you're playing your bash just a bit much there, rocketeer.

IMO, Bruce deserves a HELLUVA lot more than you give him credit for. As the CFO, he's helped considerably to keep CTGI from becoming a subbie. You forget things like an o/s of under 100M after 10+ years. You forget Cornell financing. You forget that CTGI has never had revenues, but still remains afloat despite adversities beyond belief. Keep in mind that LTC decisions were always DR's, and not Bruce's. And while you've not been previously aware of it, it was Bruce who found CCTI for all of a peanuts investment to date, of $25K. Not bad, considering it's status with ADES! A technology like that would doubtlessly have cost hundreds of thousands to develop on our own.

IMO, Bruce is the perfect guy to lead CCTI into it's future. Unlike the vast majority of key insiders, Bruce is a stand-up guy. Honest, ever optimistic and straight up, even in the face of diversity...and, ahem, pundits.