"...what a contract is..."???
Well, although I'm pretty sure everyone knows what a "lien" is, just in case:
"A form of security interest granted over an item of property to secure the payment of a debt or performance of some other obligation. The owner of the property, who grants the lien, is referred to as the lienor and the person who has the benefit of the lien is referred to as the lienee."
And GEOMC is definitely a "lienor" since it's recorded as such in Connecticut. And, interestingly enough, right there next to GEOMC is the name of CTTC's chairman of the board with his own personal lien!! Quick! Dibs on Conrad's tie!
Indeed, I'm surprised CTTC doesn't topple over from so many "liening" on it! Oh, ha-ha! I made another little joke!
As for contract, I already posted that, and it pretty clearly says that whenever CTTC sells a scamare, GEOMC gets paid "x" dollars. Granted, "x" may be zero, but I kinda doubt it.
510-K? Why, that's easy -- that's what CTTC got from the FDA so it could market its TENS device.
How the SEC regulates? Well, CTTC should certainly that! Goodness knows there's practically a library's worth of letters from the SEC asking why CTTC didn't file this or that, etc etc. Not to mention that big investigation into CTTC's involvement in attempts to manipulate its share price. Yep, I bet CTTC knows a LOT about SEC regulations by now!
"...how to issue a legitimate news release..."??? Now that I don't understand. GEOMC issued theirs via PR Newswire and they appeared on the newsfeeds of all the major networks -- how could you make them any more "legitimate"?
So let's see, CTTC's got 3.1 million dollars in debt. GEOMC gets all the inventory. Brennan probably would claim all the cash loss carryforwards. I recall about all of $8,000 in property and equipment that maybe they sell on ebay.
I dunno, at this point I'd say that once this turkey gets carved, there's not even going to be even a bone left for shareholders to gnaw on!
