"As I understand it..."???
And HOW -- exactly -- do you understand it? Have you a copy of the contract? For over two YEARS now, CTTC has owed over four MILLION dollars to GEOMC. MOST contracts -- at least the ones I've seen -- usually require payment within 90-120 days or else at least stipulate the payment terms. They DON'T simply say, "oh, here's four million bucks worth of equipment, just pay us when you get the chance!"
Not to mention -- who in their right mind would let CTTC pay with an IOU? The company has done nothing nut lose money left and right. When the machines were "purchased," they had already spent four years trying to sell the thing with nil results.
Regardless, a lien is a lien and a court filing presumably requires some sort of acknowledgement from management. And taking all the inventory would definitely be an adverse event, so where's the 8-K. Or at least a PR with some comment?
As dumb as it is to buy CTTC stock in ANY case, certainly buying it when the only thing it has to sell might be taken away would be totally irrational. UNLESS, of course, you actually have access to the contract and can quote it chapter and verse.
