dougwur: Will sellers lament a missed opportunity to liquidate @ 0.02 should the CSMG slot machine come up lemons? The downward bias of current disinterested stock trading indicates dearth of progress by company. Were their real progress in addressing serious fiscal issues, current trivial volume levels would not persist.
Nor does the "shell theory" that establishes a putative bottom for CTGI shares stand on solid ground. CSMG (CTGI) isn't a desirably clean shell by any stretch. There are significant financial liabilities including large IRS tax liens and potential legal quagmires attached to this firm.
Per micah's 05 Nov 2010 report:
1) back wages to all California employees as well as taxes owed to IRS and state of calif for over $2 million
2) still owe $800k (i gathered mostly to IRS and California)
If CSMG is forced into formal bankruptcy, one might expect lawsuits from a number of creditors and other damaged parties not the least being potential class actions by shareholders and demands for a thorough inquiry.
In that vein, the questions below (post 34675) still await a reply from someone claiming here to be management. Why are they reluctant to reveal details of the LTC licensing agreement? details that shareholders have every right to know. Neither do CSMG financial statements from 1999 onward spell out specific terms of the LTC license agreement or named ownership interests. Historically, they're fuzzy about that. Why?
Re: "We have a license agreement with the inventors in Ukraine."
As points of clarification, who is the owner, who is the licensor, and who is the licensee of inventor Paton's patents? Live Tissue Connect, Inc. is named as the assignee of the two U.S. patents below. What are the terms of the license agreement(s)? Who owns Live Tissue Connect, Inc. and in what proportion? http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56362377
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