I have followed them before thier PPM and even before the current management took over from the prior crook, Mr cox. When I read the IPO PPM I thought it was a joke. Sandwich shop, movies, stadium promotion rights AND Carbalosic. When I suggested that it was a bad idea aND they should focus on CTS only I was blasted as shortsighted, didnt know what i was talking about and insulting, etc. I have never believed the endless stream of BS from even before the current management took over. I think the technology has merit but not with this management. They are crafty as even if and when they get delisted they still hold 50% of the CTS technology rights privately and will probably just create yet another company to take in funds off market. My first call with the current CEO, I was told that Morgan Stanley (or some other big shop) was going to float some public/muni debt to buy a facility in Palm Beach County. I respectfully said no startup could float public bonds backed by a municipality. I was told that it WAS happening and that I better hurry up and get investors in before I missed the boat. Glad I missed boarding the "Lucitania". Some pros I know still cling to the idea that management can turn it around. I made a huge introduction to serious player and either they didn't follow up or my source ran after a scratching of the surface. So sad to see promising tech in the hands of what I consider bad managers at best and outright crooks at worst. Good luck to those stuck in this dog.
