Calmare Therapeutics Inc (fka CTTC)

[Vaffan-Coulo]

About fell over laughing!

I keep wondering about that $80,000 "bad debt expense" in the last 10Q and thought maybe CTTC had lent someone money to buy some calmares.

While I was searching, I noticed in the "investor presentation":

pinch nose before reading

...that there is now a "Calmare Credit Corp."!

Hoo-boy! Now ANYONE can lease a calmare -- "subject to credit approval," of course -- for just $1900 a month for 60 months! Apparently don't need no stinkin' degree of ANY kind! Heck! You don't even need any TRAINING of any kind! And I bet CTTC offers REAL EASY credit -- why, they probably wouldn't care if you were in the middle of chapter 11 as you signed the contract!

Wait a minute! Sixty times $1900...that's $114,000! Gee! That means the machine price is $80,000 and at the end of the lease, the thing has NO residual value! Of course, it really had NO "residual value" to begin with!

Oh, man -- "Calmare Credit Corp."! This company is too hilarious!