Has the Board Chairman lost faith in CTT? He spent $50 of his hard earned money filing a UCC statement against CTT.
On July 2, 2013, Mr. Peter Brennan of Park Avenue New York filed and UCC-1 encumbering "any and all equipment, unencumbered inventory and intangible assets for the business known as Competitive Technologies other than i) proceeds related to the Calmare device or (ii) accounts receivable and all successions to it......"
Actually, with the millions he has invested, he's entitled, but it is still an unusual move.