Almost a month since this press release:
"SEOUL, South Korea, May 28, 2014 /PRNewswire/ -- GEOMC Co., LTD. announced today that it will take a due procedure in taking possession of the inventory of the Scrambler Therapy Device held by Competitive Technologies, Inc. ("CTTC" or "CTI"). The majority of the inventory has been secured under the UCC filing by the secured party of GEOMC. The entire inventory also needs to be factory-inspected or updated for safety and performance guarantee, as it has exceeded a normal storage period. If any units are found missing from the number of the inventory units secured under the UCC filing, CTI will be responsible for all legal consequences."
In effect, this suggests that CTTC cannot legally sell ANY of its inventory since, technically, the inventory is security for the lien.
Not to mention how potential purchasers might feel about buying "outdated" equipment!
Yet Conrad hasn't seen fit to say word one in response! Even if HE's not worried about it, as CEO, he would issue some sort of statement to that effect in order to reassure shareholders and potential investors -- wouldn't you?
