Despite all the bragging and empty claims made by pumpers, yesterday reality caught up with Centaurus Diamond Technologies, Inc. (OTC:CTDT).
Approximately $20 million evaporated after CTDT closed down 56.25% at $0.14 per share.
It seems what triggered the disillusionment of traders was the failure of CTDT to file its annual financial report. The company had filed a notification of late filing, but failed to meet the deadline again, and consequently OTC Markets moved them down to the Pink Limited Information tier.[BANNER]
At first glance, the latest press release issued by CTDT may seem positive. However, as it often happens with such pump jobs, if the reader takes a harder look, they will notice that there are virtually no important details.
Those who got burned on this one don’t really have anyone to blame. There was plenty of warning, they just chose the pretty fantasies.
Even at $0.14 the market cap of CTDT is about $15 million. Keeping in mind that at this time the company only offers optimistic press releases, paid pumps and sloppy management, people may want to do their own valuation and decide how much lower this can go.
