To CTN owners,
Unfortunately I have been through this too many times. I wondered why I did not own CTN this round. It is because I own WORK.
I own WORK today to remind me of the lessons of being a " self directed Investor". I, as you made that choice freely. WORK also is trading at 2.125 WORKE (pink sheets) from a high of $87.00. LOWS in troubled companies occur in DECEMBER. WORK traded at $0.65 on Dec 31, 1996. I expect this should follow for CTN. For buyers, December is the time that Stock Certificated are traded in for TAX losses. Owners do not care what they sell them for. They want to get rid of the nightmare and the stock is a constant reminder of the pain they went through. This is the Time and opportunity for distress Buyers. The Pink Sheets very often carry a 50% Spread. Not including your brokerage commission.
I have the class action suit on my desk for SPCL, and way back got my first settlement on TOS. TOS went on to reorganize, and has fully recovered, unfortunately for me I had enough of it after getting $215.00 for the 1000's I lost. I decided to take the TAX loss and move on. Of course two years later it proceeded to go to $80. What it does say is you either take the TAX loss or be prepared to live through the agony of waiting 5-8 years. Watch the Lawyers have a feast at your expense. Whatever the Co. can produce will go to the Lawyers for the next couple of years.
I hold on to WORK, a very expensive lesson, so that I will remember that I, or you are at the end of the rumor mill. What ever News that is coming, if true, will be factored into the price. So never take advice from others until you have proven all the information for yourself. Remember to Value a company to a reasonable PE and Sales to Cap. What was CTN revenues to merit 1Billion Cap.. Anyone remember IDID? Absurd Valuations. Even companies that are good reach these absurd Valuations, PIXR, NTCP, MACR, QDEK, etc. I am amazed that some Trading friends never bother to find out what the Number of shares out/float is of the issue they just Bot. Very rarely do they know the Book Value. Yes you will miss some gainers, but the name of the game is not to loose, more than to make that quick Buck.
So if you are a self directed investor, this is your tuition. Do not blame your lack of DueDil or that you were misled by others. That is the game. HYPE. you better realize it soon or you will not be around two years from now. If you do not accept this, diversify with Mutual Funds accoding to your Risk and Time Horizon.
As for the CEO's, they made their killing. Its in the Books. Where, only he knows. What is three years in a country club, while your family waits for you to come home to Switzerland a Millionaire. Why does he have so many homes in so many countries? I have seen it before. Anyone remember Student Marketing? What happened to Cort Randall. You should see his Lear Jet today. He served his time so everything is forgiven. No one is going to take care of you unless you do it for yourself. The class action suite is not done for you. It is done for the Lawyers benefit. This is a wakeup call, treated as such. The lessons learned can come back to you three fold.
I am here to help anyone that is willing to listen, since I have been there, and I know many will walk into another debacle. I sure did.
(RE: C.Randal , at the time I kinda admired how someone could accumulate so much wealth Hyping his soon to be worthless company, I was young)
Trading PSYC 101
goodnet.com 
How to avoid HYPE
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