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This is an email I recieved following the PR alert

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Post# of 72447
Posted On: 12/09/2012 12:38:03 PM
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Posted By: Kelt

This is an email I recieved following the PR alert.Just in case some didn't ger it.There is an attachment that I will post following this one .


Kelt


I am now sending out an alert on a financing we closed on Thursday.  I want you to understand why I thought its a good deal for CTIX.


A question that has troubled CTIX shareholders and potential shareholders is the limited cash the Company has.  I am pleased to update you with the following news release attached.  Please read the documents carefully and note that it is a very different financing than many of the equity lines announced by other Companies. Financings by other companies often have  the characteristics of what is termed a death spiral, an example of which:


 


 Pricing Period:                       The five trading days preceding the Closing Date.


Put Date:                                The date that the Investor receives Put Notice of draw down by Company. 


 


Closing Date:                          Seven business days after the Put Date. 


 


This advance notice allows for short selling by the fund, market makers and others, which most often drives down the share price. 


 


Our financing with Aspire has none of this crap. No preferred shares either.  We give notice after the market has closed (after 4pm) and pricing is based on past prices.  No opportunity to do short selling by the fund or market makers.  Actually if you read the deal Aspire takes lots of risk if our shares begin a declining trend as they have no opportunity to hedge. Obviously they have lots of faith in CTIX. I believe they now have the same faith I have.   I hope that after you read the deal,  you too will be pleased with the deal.




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