My conclusion regarding CCTR is that long term I like the space but this company's profit margins at this juncture are wafer thin. I doubt the company is a scam. I like the CEO. If you listen to the webcasts, he gives the impression of sincerity and passion. I think he gets people excited and fired up. That's what a CEO is supposed to do. The CEO is struggling with what he perceives as the market undervaluing his company. However he constantly refers to "profitable growth" e.g. "in 2008 the company had profitable growth". He never refers to the profit margins. Why? Because they're non-existent. Maybe 1%. CCTR has a competitor in the Philippines which does this IT outsourcing work for $5 per hour. How do you make money on that?

 The company can grow to $500m in sales but if the profit margins are 1% who cares? Who wants to be in such a business? This is a commodity business. The challenge for CCTR is to redirect the strategy to higher margin business. There are great stories in this space in the US and India. There is a company outside of Chicago called Forsythe Technology. They're one of the biggest private companies in the United States. They are an IT outsourcer and they are superbly run and very profitable with a very talented management team. Then there is Infosys, Tata etc. in India. So a company that figures out the right formula in IT outsourcing, has a great future. 

 I believe CCTR will get there. The CEO also made the silly statement that his company is trading in its own shares - dumb. He is totally exasperated at the markets for "under valuing CCTR". This is misdirected frustration. He needs to articulate a higher profit margin strategy and then CCTR will be on the road to being an attractive investment. At the present the foundations for success are not there. Long term, I am betting the CEO will be a big success. This company is going to be successful. There are some short term teething problems. Mr. CEO, hang in there. Find a better strategy. This one will be a winner.