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abbam

11/05/10 12:40 PM

#34665 RE: micah211099 #34664

correct, but we don't know how much CTGI will own.
will it be 86% (of course not) or 2% we have no idea what investors will negotiate for.
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Wales Walker

11/05/10 2:56 PM

#34673 RE: micah211099 #34664

Micah,
Nice summary. A couple of corrections. First, CSMG's position in LTC, whatever the final share structure, will be diluted along with everyone else - no sweet deal for insiders. Second, Dr.Kutz made one error, in that CSMG/LTC owns the patents to LTC and they are in our name. We have a license agreement with the inventors in Ukraine. Finally (not your comment I believe)the 10% convertible note converts into 50% of LTC shares (not CSMG) post any dilution from splits, institutional funding, etc., and one additional warrant is attached, good for another share at the same price over the ensuing 5 years. Anyone who is interested can call me at 770 955-0409 for more details, and to ascertain eligibility.
Wales (AKA Bruce Jones).