"I'm intrigued because I just don't understand how they manage to find significant investors to (IMO) prop them up without the hint of a light at the end of tunnel."
How told u that managed to find serious investors?
The Dubai groups ran away without putting a cent and the Chines as well. In addition, no serious investor from Australia. The Indians? they did not put any cent. They provide consultation to raise money and so far they raise zero $.
As cto indicated several times in their reports: their great asset is their large base shareholders. If you followed cto, you would notice that the spp is " fixed amount for each shareholder".
Some institutions may join for a short term quick profit.
The only one who remain are loyal shareholders. Suppose u have 2000 of them and each one send 5000$ per year. This means 10 million$ per year which is good enough.
You see, everyone is happy in this scheme.
Good bless loyal shareholders! They deserve the business card each Xmas.
CTO Price at posting:
6.4¢ Sentiment: Sell Disclosure: Not Held
