azor
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..."what issue?"???...the issue of whether the inventor of CTTC's star product has a "MD,PhD," "MD,DSc," or any college degree whatsoever...and if not, then WHEN did CTTC know about it and WHY didn't they say something as opposed to continuing to put letters after his name implying he did have degrees?...admitting to scientific fraud probably wouldn't be a strong selling point, right?...not to mention possible ramifications with the SEC -- isn't it like a "no-no" to lie on SEC filings?...
...by the way, have you ascertained why Jean hasn't been "authorized" to release the source of Marineo's "PhD"?...HAW!!!..."authorized"!!!!!...HAW!!!...shhhhhhhhh!...keep it quiet!...we don't want anyone to know!...shhhhhhhh!...HAW, HAW, HAW!!!!...
..."I agree."????...well, good...then I presume you also agreed with the BC/BS assessment of the device:
"Literature Review
Randomized controlled trials (RCTs)
There are no randomized trials that compared active with sham scrambler therapy. The only published RCT currently available was a small, short-term pilot study that compared scrambler therapy with pain medication in 55 patients matched for type of pain which included postoperative neuropathic pain, postherpetic neuralgia, or spinal canal stenosis.[1] The authors reported significantly greater pain reduction in the scrambler therapy group compared with the medication control group at 1-, 2-, and 3-month follow-up. While this RCT is useful in informing hypothesis formation, it does not permit conclusions on efficacy and safety due to small size, lack of a sham control group, and short-term followup period.
Nonrandomized trials
The remaining published trials are limited to nonrandomized trials.[2-4] Evidence from these studies is unreliable due to their inherent design flaws, such as non-random allocation of treatment, non-blind study design, and lack of comparison groups.
Clinical Practice Guidelines
There are no clinical practice guidelines from professional associations that recommend scrambler therapy.
Summary
The evidence is not sufficient to permit conclusions about the benefits of scrambler therapy as a treatment for pain from any etiology."
...good to see'ya getting some education!...
..."What strikes me..."???...well, what strikes me is that your post has nothing to do with CTTC's business, the likelihood of reimbursement, the effects of various transactions, etc, etc...
...me, I like to talk about things that might be relevant to the BUSINESS...e.g whether Marineo lied when he claimed "MD,PhD" and "MD,DSc" on various papers or when CTTC refers to him as "PhD" or "DSc" in various filings and press releases...because I think the answer to that question will be HIGHLY relevant to CTTC's continued existence...or at least to the continued existence of blinking bugzappers...
...and if you think the device effective -- great!..then you may want to get CTTC to document Marineo's credentials so as to resolve the issue...on the other hand, I'm inclined to believe that actually quite a few people -- ones that really count -- already know the answer and that answer is at least one reason those almost TWO HUNDRED CLINICS that were supposed to be built appear to be in a deep freezer somewhere...
..."It is based on a case by case basis."????...really?...not again...as pointed out now I don't know how many times, ANYONE can submit a claim for ANY medical treatment to their insurance company...but without a category ONE -- ONE!!! got that? ONE!!! -- a patient will be forced to argue each and every claim with NO guarantee of ANY reimbursement...
...as I posted previously, Medicare and medicaid have ALREADY indicated they will NOT pay for it...and the BC/BS evaluation said:
"Literature Review
Randomized controlled trials (RCTs)
There are no randomized trials that compared active with sham scrambler therapy. The only published RCT currently available was a small, short-term pilot study that compared scrambler therapy with pain medication in 55 patients matched for type of pain which included postoperative neuropathic pain, postherpetic neuralgia, or spinal canal stenosis.[1] The authors reported significantly greater pain reduction in the scrambler therapy group compared with the medication control group at 1-, 2-, and 3-month follow-up. While this RCT is useful in informing hypothesis formation, it does not permit conclusions on efficacy and safety due to small size, lack of a sham control group, and short-term followup period.
Nonrandomized trials
The remaining published trials are limited to nonrandomized trials.[2-4] Evidence from these studies is unreliable due to their inherent design flaws, such as non-random allocation of treatment, non-blind study design, and lack of comparison groups.
Clinical Practice Guidelines
There are no clinical practice guidelines from professional associations that recommend scrambler therapy.
Summary
The evidence is not sufficient to permit conclusions about the benefits of scrambler therapy as a treatment for pain from any etiology."
...I translate that as, "sorry, charlie, no tuna in this can for bugzappers"...
..."Totally above board at first glance!"????...how about a second glance?...how did Mr. Moussa come into CTTC's orbit?...perhaps courtesy of Mr. Taglich:
http://dc.citybizlist.com/5/2010/4/18/Dilon-Technologies-Lands-Most-of-3M-Debt-Offering-cbl.aspx
...Taglich?...Taglich?...where have I heard that name before?...oh!...he's one of the "Taglich Bros." who writes pretty reports about CTTC:
http://www.taglichbrothers.com/equityuniverse/companies/competitivetech/competitivetech.aspx
...for $2,000 a month as I recall...
...and he's been CEO at Dilon for three years after running a consulting firm:
http://people.forbes.com/profile/robert-g-moussa/26002
...couldn't find much about Robert Moussa & Associates except it was headquartered here:
http://maps.google.com/maps?q=2206+Regal+Way,+Naples,+FL+34110&um=1&ie=UTF-8&hq=&hnear=0x88db1958241cbad7:0x14c92df79b10fc6e,2206+Regal+Way,+Naples,+FL+34110&gl=us&ei=TVsgT-inNoLDgAfbzNyeDw&sa=X&oi=geocode_result&ct=title&resnum=1&ved=0CCkQ8gEwAA
...oh, look!...a house on a golf course!...why am I not surprised!...
...Dilon has 4.3 million annual sales if this is correct:
http://www.powerprofiles.com/profile/00005146319508/DILON+TECHNOLOGIES+INC.-NEWPORT+NEWS-VA
...they sell breast-specific gamma imaging systems...those suffer reimbursement issues similar to the bugzapper -- "experimental and investigational":
http://www.aetna.com/cpb/medical/data/100_199/0168.html
...which may help explain why Dilon was able to raise 2.2 million dollars from 196 investors per the link at the beginning butin 2011 could raise only $875,000 from 39 investors out of of 1.2 million dollars offered:
http://newyork.citybizlist.com/18/2011/3/30/With-Michael-Taglich-on-Board-Dilon-Technologies-Raises-875K--cbl.aspx
...and now he's on the board of CTTC...I guess it's time to start printing some more shares, huh?...maybe at least this guy will cut loose a few bucks and buy some on his own...not likely, huh?...
..."so you believe an anonymous poster when she says she did not feel good about some of the doctors"????...say what?...I didn't say that I "believed" her one way or another...from the standpoint of CTTC's business, the providers are basically "ambassadors" of the bugzapper...PRESUMING she isn't lying, the behavior she reported encountering can hardly be expected to encourage new patients...and that seems relevant to CTT's business...
...on the other hand, her positive response is essentially irrelevant from CTTC's business standpoint since it will do nothing to convince third party reimbursers to provide coverage...and, as pointed out in my previous post, her comments came only a week after completing therapy -- not enough time to assess the long term effect -- and they could have been nothing more than a placebo effect...
..."He once again shows his true colors by posting a few minor quotes but nothing about how happy the patient was or how successful the treatment was after suffering years of pain due to RSD"???...well, first, as I just posted, I appreciate your gratitude to me for providing a link so that you could easily access the entire commentary...maybe next time I'll just let you go searching for yourself...
...second, my point had to do with the patient's encounters with the providers -- i.e. three out of four providers did a very poor job in their response...not exactly the "standard of care" that's going to promote utilization of the device...
...third, as regards her response -- who cares?...from a business standpoint, her response won't get her a dime more from her insurance company and reimbursement is what is needed to sell bugzappers...besides, she wrote the post only a week after completing therapy -- hardly an adequate amount of time to assess the full impact...
...also, it could easily have been nothing more than a placebo effect...did you notice the way she kept coming back to complimenting the doc -- he talked with her about her problem and explained the therapy and she was so happy she "honestly cried after our conversation," he sat with her through each entire treatment, he came in over the weekend to treat her, she "was greeted with a smiling face and I could feel the warmth in the hearts of the doctor and his staff," etc...I'm inclined to believe the doc had a bigger impact on her response than the machine...
..."I think that if anything demonstrates..."????...uhhhh, that the poster was nice enough to provide a link to the source so that whoever read it could go and read the entire post themselves?...you're welcome...
...but you didn't address the point I tried to make in that quote:
"I had to call a few other Calmare centers to check what others had to offer. So I called another guy in CT, I called the guy in RI, and I called the NJ guy. One office did not call me back, another waited four days, and the third office I spoke to the doctor but he did not seem too enthusiastic about the treatment for any condition not to mention he was $1000.00 more expensive than my first quote."
...so which do you think would have the most effect on a prospective patient -- comments from some anonymous poster or speaking to a doctor who doesn't "seem too enthusiastic" and who charges $1,000 more than everyone else?...
...hmmmmmm...maybe CTTC should offer a course on interpersonal skills to its customers:
"I had to call a few other Calmare centers to check what others had to offer. So I called another guy in CT, I called the guy in RI, and I called the NJ guy. One office did not call me back, another waited four days, and the third office I spoke to the doctor but he did not seem too enthusiastic about the treatment for any condition not to mention he was $1000.00 more expensive than my first quote."
..."did not seem too enthusiastic"?????...mercy!...hardly the best way to drum up business!...
...hmmmm...the "other" Connecticut doc must have been Evers Whyte -- maybe the one that didn't call back?...D'Amato in RI, presumably...and the NJ doc must have been Cooney -- right?...and to think D'Amato and Cooney always seemed to be such gung-ho "cheerleaders," too...
...quote is from:
http://crps.physiciansforpatients.com/julietnj55/journals/2778#comments
..."Who is the "rt" that appears repetitively in that post?"???????...why, "rrtzmd"...who else?...
..."That makes me wonder who certifies and what it means."????...good for you!...indeed, when was the last time a treatment center was "certified"?...it seems like it's been months and months, now...given that CTT announced D'Amato, Chalmers, and "RMT" were SUPPOSED to be opening close to TWO HUNDRED clinics, I would've thought there'd be a "certification" announcement practically every other day!...
...not to mention that MORE than fifty per cent of the currently available locations are STILL available to be certified:
http://www.calmarett.com/locations.html
...maybe "certification" just doesn't have the impact on consumer CONfidence as they presumably had hoped...
..."Was this post written about you?"????...why, of course!...did you not see the line:
"to extract every scrap of information and to help the remaining readers understand all of these arcane and convoluted transactions"
...if that isn't a picture perfect description of my posts, I don't know what is!...
..."I suggest we come up with a canned response to every posting"????...well, from my perspective, that's about what they've done already...since no one ever seems to address any of the questions I raise...it's like Marineo and his ALLEGED degrees...instead of calling up him or CTTC or doing SOMETHING to find out where he obtained his ALLEGED degree(s), all anyone does is beg the question and usually toss in some snide and/or irrelevant remark...
...and they do so despite the fact that should I prove correct -- i.e. Marineo doesn't have ANY degrees, advanced or otherwise -- then the company could sustain some serious damage to its business...docs tend to be persnickety about things like scientific dishonesty and such, so having to admit your inventor fabricated advanced degrees on papers published in scientific journals could have a strongly dilatory effect on consideration of purchases of CTTC products...
...go figure!...
...and I just can't help but ask what qualifications "Suzanne Alent" possesses that justifies hiring her to act as a bugzapper sales rep:
http://www.calmarett.com/contact/index.html#panelid=ussales
...I mean, no doubt she obtained a great deal of experience as "Vice President, Marketing and Business Development":
http://www.competitivetech.net/news/040106.html
...goodness knows she had some extraordinary successes helping "commercialize" CTT products, right?...things like the "Grip Kleen Golf Club Grip Cleaning Wipe":
http://www.competitivetech.net/news/050510.html
...why, that thing apparently is so popular that I can't find'em in stock ANYWHERE!...
...and then there was that fancy "bicycle seat technology...designed to minimize erectile dysfunction in men as well as sexual dysfunction in women":
http://www.bike-eu.com/news/competitive-technologies-offers-licenses-for-bicycle-seat-technology-1803.html
...oh, man!...that thing just FLEW off the shelves, didn't it?!...and let's not forget that fine example of CTTC "fulfilling unsatisfied market needs from its portfolio of technology solutions" -- the "nanotechnology bone biomaterial":
http://www.prnewswire.com/news-releases/competitive-technologies-signs-agreement-for-dental-use-of-nanotechnology-bone-biomaterial-73767612.html
...hooo-boy!...do ya remember the way they were standing in lines for that one?!!...oh, wait!...I just noticed that one line:
"This agreement establishes CTT as a value-added partner in the dental medical device industry."
...well, there you go!...I went and answered my own question!!...well, that is, if you consider the bugzapper to being pretty close to being a "dental medical device"...
...okay, now, raise your hands anyone who can tell me the total profits CTTC reported from the sales of these products!...anyone?....anyone??....anyone???.....anyone????......anyone?????.......anyone??????.........anyone???????..........anyone????????...........anyone?????????............anyone??????????
..."What impresses me most in reading the last twenty to thirty posts on this board is the degree of thoroughness on the part of rt to read every CTT document..."????...well, by golly, I ain't nuthin' if not thorough!...
......"to extract every scrap of information and to help the remaining readers understand all of these arcane and convoluted transactions"???...alas, therein lies the rub -- so to speak...all the "information" CTTC provides just doesn't seem to do much in terms of helping anyone understand anything!...now, does it?...as demonstrated clearly by the TOTAL lack of response by anyone to explain anything I've posted about in the past couple of days...
...like, fer instance, that $35,000 spent on a "Medical Advisory Board"...why was it formed?...who was on it?...what did it ever do?...I mean, after all, that was $35,000 of shareholder equity...seems like somewhere oughta be some explanation of what that money bought...right?...
..."your original suggestion/question is ridiculous"????...but surely you must wonder what you bought when you paid $22,000 for "supplies associated with the opening of the new office in North Carolina"...you know, the office that you probably never even got to see, much less use...I mean, maybe you could salvage at least some paper clips or post-it notes...
..."Tim Conley, Calmare National Sales Manager"????...and is located at 87 Riverside Drive, Wakefield, RI 02879 per:
http://www.calmarett.com/contact/index.html
...which appears to be just some house:
http://maps.google.com/maps?q=87+Riverside+Drive,+Wakefield,+RI+02879&um=1&ie=UTF-8&hq=&hnear=0x89e5ba4114c572bb:0xa7021f489cdcadfe,87+Riverside+Dr,+Wakefield,+RI+02879&gl=us&ei=FcseT8vbBJLdtweblbkr&sa=X&oi=geocode_result&ct=title&resnum=1&ved=0CCAQ8gEwAA
...hmmmmmmm...is that now a "branch office"?...
...and exactly how does a home builder and developer:
http://www.superpages.com/bp/Wakefield-RI/Conley-Development-L2152491501.htm
...qualify to sell blinkin' miracle painkillin' bugzappers?...I mean, I can understand how he might qualify for a "victualling license":
http://www.southkingstownri.com/files/tca_110901_155354.txt
...but what qualifies him to answer oncologist's questions at ASCO?...
..."no, it's a ridiculous idea"????...but...but....why?...I mean, aren't you the least little bit curious about how exactly that "$26,000 in domestic patent legal expenses related to the joint venture with XION Corporation to develop the melanocortin technologies" was spent?...
...after all that "joint venture" was announced over TWO YEARS ago:
http://www.competitivetech.net/news/090909.html
...and since then has produced -- uhhhhhh -- what?...
...by the way, is that supposed to be the same thing as PT-141 that CTT licensed to Palatin:
http://www.ncbi.nlm.nih.gov/pubmed/15134289
...hmmmmmmmm...doesn't look like that went too far...and now "Xion" is doing something else with it?...how much will that cost and how long will that take?...
...besides, it's a little odd that the "Xion" address is:
http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=216+WILLIS+AVE+ROSLYN+HEIGHTS+NY+&ie=UTF8&hq=&hnear=216+WILLIS+AVE+ROSLYN+HEIGHTS+NY+&view=map
...which -- per the street view -- appears to be a rather decrepit looking building housing a travel agency...I presume that's the correct address since I couldn't find any "216" at the other end of "Willis Ave."...if correct, that hardly looks like a "high tech" pharmaceutical firm, does it?...
...and what kind of "patent related" expenses -- legal or otherwise -- cost $26,000?...
...I would think a concerned shareholder like yourself -- I presume you're a shareholder -- would like the details of how your equity was being spent...
..."Not until I see a diploma..."...now, there you go!...that's the right attitude!...now tell that to Johnnie and maybe he'll "authorize" Jean to tell you where Marineo got his "PhD"...or is it "DSc" today?...
...although, actually, I do believe SEC rules dictate that the company is obliged to supply answers to pretty much any questions you have -- as long as you're a shareholder and the questions don't relate to something confidential...and surely Marineo's alma mater isn't confidential -- right?...
...in fact, you can even schedule an appointment and sit down and examine CTTC's books...and do so as long as you want...why, you might even be able to find out how many shares they sold in that December private placement...
...or what exactly were the "$26,000 in domestic patent legal expenses related to the joint venture with XION Corporation to develop the melanocortin technologies"...
...or what exactly $34,000 bought "in subscriptions and dues, supplies and postage and delivery fees due to the increased volume in those activities over the prior year quarter"...
...or where the $60,000 in expenses "related to the hiring of a US sales manager and sales representatives" went...really!...where did that sales VP run off to?...seems a shame to spend a small fortune on him and then he just ups and disappears...
...or who got the $35,000 in "consulting fees for the Medical Advisory Board"...
...or how the $265,000 was divided between the consulting "work related to U.S. and Federal government sales of our Calmare device, the management services of our current CEO, and the work of the contracted Managing Director for International Business Development"...kinda convenient to lump those altogether like that, huh?...
...or why there were $32,000 in "increases in audit and tax expenses"...
...or who got the $22,000 spent "in supplies associated with the opening of the new office in North Carolina"...by the way, will that "office" close now that Aris has left the company?...indeed, did anyone ever actually SEE that office?...what was there?...WHY was it even opened?...
...or what exactly were the $7,000 in "contribution expenses associated with the donation of two Calmare devices to a hospital in Italy"...say, isn't CTTC supposed to be SELLING rather than DONATING devices?...
...and why there was $6,000 in "increased costs for administering employee benefits" when the employee count dropping like a rock...
...and why "banking fees" increased $4,000...
...wow!...that's around 500 THOUSAND dollars in expenses!...dang!...is it just me or does it seem like nearly everyone EXCEPT CTTC shareholders gets to collect a fat wad of dough?...
...anyway, wouldn't that be a fun little project for you...pack a picnic basket and go on a little field trip and collect all that data and report back here...ain't that just a grand idea?...
..."Does anybody think that Mr. Taylor's lawyers..."????...don't you mean "Dr. Taylor's lawyers"?...why don't you email'em and see?...
..."$600,000 of our tax dollars put in CTTC's coffers."???...but ya gotta wonder, don't ya?...about that 600 grand, I mean...CTTC announced the sale 8/18/11...on 9/28/11 they announced the factoring deal with Versant...on 11/1/11 they filed an s-8 announcing 100,000 shares distributed and "Issuable in lieu of directors’ fees and for legal services"...on 12/21/11, they filed a form "D" for a "Notice of Exempt Offering of Securities" to the tune of $600,000:
http://www.sec.gov/Archives/edgar/data/102198/000136086511000205/xslFormDX01/primary_doc.xml
...funny how it doesn't appear to specify exactly how many shares were sold in that transaction...anyway...
...per the last 10Q they got $150,000 from the factoring company and were expecting to get $495,000 more once the government paid off the bill...so in the past 3-4 months, CTTC has -- in effect -- "raised" at least $800,000 NOT including any of that expected $495,000...
...one must wonder exactly how much of that $600,000 due from the government they have actually gotten...paying bills with stock and using Rule 506 to sell "equity" to "accredited investors" sounds like a company desperate for cash -- not like a company taking or even close to taking big US government checks to the bank...
...not to mention Despo's abandoning ship...that hardly seems like the move of a VP of a company on the verge of an explosion in taxpayer revenue...does it?...so ya just gotta wonder where that 600 grand is, don't ya?...
...my, my...a few thousand shares here, a few thousand there:
"During August 2011, the company issued 100,000 common shares at $1.25 per share to settle $125,000 accrued liabilities.
During August 2011, the company issued 9,219 common shares at $1.4103 per share to two of its directors in lieu of $13,000 of directors' fees.
During June 2011, the Company converted 375 shares of Class C Convertible Preferred Stock to 315,126 shares of common stock at the conversion price of $1.19 per share of common stock.
During May 2011, the Company issued 50,000 common shares at $1.31 per share to settle $65,600 of accrued liabilities.
During February 2011, the Company issued 10,000 common shares at $0.99 per share to settle $9,900 of deferred payroll.
During January 2011, the Company issued 15,000 common shares at $1.09 per share to settle $16,350 of accrued liabilities."
...why, CTTC prints stock certificates almost as fast as the government prints money!...
..."The company does not have to PROVE damages..."???...perhaps not, but they do have to prove "malice" by the legal standard offered in that quote..."intentionally false" is a remarkably high hurdle...I mentioned in an earlier post that only 17% of "slapp" suits succeed upon going to a jury...and I recall reading that 93% of those end up failing on appeal...and in the meantime, CTTC gets to shell out cash and/or shares to its lawyers...what did Nano's suit cost again?...something like 580 THOUSAND dollars?...
..."One doctoral degree that is very common in all parts of the world is PhD."????...okay...so what?...like I said, I don't care if it's "PhD" or "DSc"...WHERE did Marineo get it?...it could be important to CTTC since the answer could fall under the category of "contributory negligence"...
..."Can you imagine if it is determined that anyone can interfere with a company's business (public or private company) just because someone believes that the company is wrong?"?????????...now you do understand that it's perfectly legal to interfere with anyone's "business" -- using that term very loosely in CTTC's case -- as long as it isn't with "malice":
"In the context of the First Amendment, public officials and public figures must satisfy a standard that proves actual malice in order to recover for libel or slander. The standard is based upon the seminal case of new york times v. sullivan, 376 U.S. 254, 84 S. Ct. 710, 11 L. Ed. 2d 686 (1964), where the Supreme Court held that public officials and public figures cannot be awarded damages unless they prove that the person accused of making the false statement did so with knowledge that the statement was false or with reckless disregard as to the truth or falsity of the statement. Demonstrating malice in this context does not require the plaintiff to show that the person uttering the statement showed ill will or hatred toward the public official or public figure. Proof of malice is absolutely necessary for a "public figure" to win a lawsuit for defamation."
...but what is truly pathetic is CTTC's whining that some anonymous poster saying bad things about them is hurting their business on one hand while, on the other hand, claiming they're got this miraculous painkiller used by doctors all over the world...
...so how exactly does a single anonymous poster's comments overcome all those docs and all those miraculous cures?...surely, the device's performance alone would be all that is needed to sell it to anyone...right?...
..."In my world, DSc is the European equivalent of PhD."???...perhaps in your world but not in Italy's:
"According to the European Higher Education Area Academic Degrees stated by the Bologna Process and to the Ministero dell'Educazione Pubblica (MIUR), Italy uses the three levels degree system. The first level degree, called "laurea triennale" (Bachelor's degree) is obtained after three years of study and a short thesis on a specific subject. The second level degree, called "laurea magistrale" (Master's degree) is obtained after two additional years of study, specializing in a particular branch of the chosen subject (e.g. particle physics, nuclear engineering, etc.). This degree requires a more complex thesis work, usually involving some academic research or an internship in a private company. The final degree is called "dottorato di ricerca" (Ph.D.) and is obtained after three years of academic research on the subject and a thesis."
...and frankly, I could care less which it ALLEGEDLY is...I just want to know where it came from...and right now, I'm particularly interested in why CTTC doesn't want to tell anyone...
..."I will take great pleasure as cttc rips Raymond Taylor of polo club court, Louisville, ky, a new..."????...speaking of which, what's the current status?...has it hit discovery yet?...I do so yearn to know who granted Marineo his...uhhhhhh...hmmmmm...is today "PhD" or "DSc" day?...
..."What are your thoughts regarding ray Taylor's super lawyers as compared to the lawyers cttc has put on their side of the case?"????...who are their lawyers?...is it the same bunch that couldn't understand that Nano's contract was "bulletproof"?...what's that cost them so far?...let's see, there's Nano's $750,000 plus at LEAST $583,000 for the lawyers plus who knows how much for ancillary costs...gosh, with lawyers like that, who needs enemies?...HAW!!!...
...I REALLY loved this one comment:
"Giuseppe Marineo. Bioengineer? That's some distance from phd or md. Would love to see the credentials in support of bioengineer."
..."some distance"????...indeed, indeed!..."love to see"???...well, wouldn't just EVERYBODY?...ESPECIALLY Johnnie!...why, right now, I'd almost be willing to bet he'd cleave off parts of his anatomy to see Marineo's "credentials"...ANY credentials!..
..."Looney toons inventor???"????...uhhhh...well, let's see...from:
http://www.deltard.com/eng/tecnowind.php
...comes this gem:
"The guaranteed added value is expressed by two fundamental features of the device. The first is that the limited number of pieces, all certified, starts from a special series of a maximum of 99 units from zero on, which will never again be reproduced with the same technological, aesthetic and material characteristics. The second feature is the autograph signature of the research and technology developed to create TechnoWind, a signature corresponding to the actual author of the official medical research that is revolutionizing official medicine, obtaining the widespread approval of the international scientific community elite. This limited series has the same intellectual and structural genesis and the value of this device, like a work of art, will inevitably increase in time as the research of Delta Research & Development is consolidated."
...the guy thinks a "limited" edition of his personally "certified" fan with his own "autograph" will become a valuable "collectible" as the "international scientific community" recognizes the "research that is revolutionizing official medicine"????...hooboy!!!...WARNING!...WARNING!...LOONEY ALERT!!...LOONEY ALERT!!!...
..."is the judge supposed to forget his admissions?"????...heaven forbid!!...on the other hand, maybe BC/BS can be convinced to file a "friend of the court" or whatever they call it brief:
"Literature Review
Randomized controlled trials (RCTs)
There are no randomized trials that compared active with sham scrambler therapy. The only published RCT currently available was a small, short-term pilot study that compared scrambler therapy with pain medication in 55 patients matched for type of pain which included postoperative neuropathic pain, postherpetic neuralgia, or spinal canal stenosis.[1] The authors reported significantly greater pain reduction in the scrambler therapy group compared with the medication control group at 1-, 2-, and 3-month follow-up. While this RCT is useful in informing hypothesis formation, it does not permit conclusions on efficacy and safety due to small size, lack of a sham control group, and short-term followup period.
Nonrandomized trials
The remaining published trials are limited to nonrandomized trials.[2-4] Evidence from these studies is unreliable due to their inherent design flaws, such as non-random allocation of treatment, non-blind study design, and lack of comparison groups.
Clinical Practice Guidelines
There are no clinical practice guidelines from professional associations that recommend scrambler therapy.
Summary
The evidence is not sufficient to permit conclusions about the benefits of scrambler therapy as a treatment for pain from any etiology."
..."The court won't give a moment's time to the issue of marineo's credentials."????...ohhhh, who cares about the "court"?...
...the "court" probably isn't planning on opening any pain clinics anytime soon and, consequently, any publicity about any lies used to publish articles and promote products won't matter to it...
...and the "court" won't worry about the effects on potential customers of any journal articles getting pulled because the author didn't possess any of the degrees he he claimed he had...
...and the "court" won't have to publish any kind of retraction for all those press releases talking about "Marineo, DSc" and Marineo, PhD"...
...and the "court" won't have to amend all those SEC filings that contain "Marineo, DSc" and Marineo, PhD"...
...and the "court" won't have to file an 8K about the potentially "material adverse effects" of having to admit that the inventor of its product is a fraud...
...etc, etc, etc...
...get the picture?...
..."I have been given confirmation that Prof. Marineo holds a PhD."???...oh, man!...I'm having a hard time typing, I'm still laughing so hard!...anyway!...well, if Marineo has a "PhD," then why did CTTC gave him a "DSc" instead in the amended 10K:
"Developed and patented in Italy by CTTC's client, Prof. Giuseppe Marineo, DSc., the "Scrambler Therapy" technology..."
...that's from page 22 of:
http://www.sec.gov/Archives/edgar/data/102198/000136086511000118/cttc10k2010a2july202011.htm
...that was from "2011-09-15"...Jean's response to you (I presume to you)) was dated little over a MONTH prior to that...it doesn't look too good for "IR" to be telling everyone he has a "PhD" and a month later the company's annual report tells everyone he has a "DSc"...of course, I'm presuming they realize that a "DSc" and a "PhD" aren't the same thing...so which is it -- "DSc" or "PhD"?...or does Jean need to be "authorized" to "share" that as well?...HAW!!..."authorized" to reveal the school that granted a degree!...that's still cracking me up!...
...."I do not have any additional details which I am authorized to share."???????...uhhhhhhh, wait for it:
HAW, HAW, HAW, HAW, HAW, HAW,HAW, HAW, HAW, HAW, HAW, HAW,HAW, HAW, HAW, HAW, HAW, HAW,HAW, HAW, HAW, HAW, HAW, HAW,HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW,HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW,HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW, HAW,HAW, HAW, HAW, HAW, HAW, HAW!!!!!!!!!!!!!!!!
..."authorized"!...that's rich!!!...since when on God's lil'green planet does anyone need to be "authorized" to reveal what school granted someone's degree?!!!!!!...HAW!!!!...aw, geeee!!!...there goes another depends!!!!...OH, WAIT!!!...I KNOW!...I KNOW!!!...Marineo graduated from the "CIA University College of Bioengineering"!!!!... HAW, HAW, HAW, HAW, HAW, HAW!!!!...
...don't worry about it!...discovery's bound to be coming up pretty soon!...no doubt the court will "authorize" Jean to reveal the school where Marineo got his PhD...authorized!...HAW!!!...and here I'd thought I'd heard them all!!!...
...and are the "Taglich Brothers" still on the gravy train:
"In April 2010 the company paid an initial monetary engagement fee of US$2,000 to Taglich Brothers, Inc. representing payment for the first month of creation and dissemination of research reports, after which the company will pay Taglich Brothers, Inc. a monetary fee of US$2,000 per month for such services."
...per their last report:
http://www.competitivetech.net/media/pdf/Taglich%20Brothers%20Report%20-%20November%202011.pdf
...and say what:
"Our 2011 forecast reflects the 4Q11 issuance of 1.5 million common shares."
...and:
"Proceeds of $3 million from the 4Q11 sale of common stock should cover cash of $2.4 million used in operations and increase cash by an estimated $557,000 to $1.4 million at the end of 2011."
...so is that right?...I don't recall seeing any large sale of stock anywhere...and per the last 10Q, CTTC had all of 38 THOUSAND dollars in cash at the end of 9/11...what with Aris leaving, I guess it's safe to presume that CTTC didn't get to sell those 1.5 million shares...
...and my, Nano certainly cost a lot:
"General and administrative expenses increased to $2,114,000 in the nine months ended September 30, 2011, compared to $1,703,000 in the nine months ended October 31, 2010. The increase of $411,000 is primarily due to increases in legal fees ($583,000) associated with the legal activity relating to the former CEO challenging his termination for cause..."
...583 THOUSAND dollars?...dang if them there lawyers ain't expensive!...so CTTC spent AT LEAST $583,000 in order to avoid giving Nano his $750,000?...and Nano STILL gets his $750,000????...well, like they say, "win a few, lose a few"...or maybe, at least in CTTC's case, rarely win but lose a LOT, huh?...
...but at least it's good to know that MTP made some money:
"...payments to Medical Technology Partners totaling $75,000 for development of our insurance reimbursement strategy..."
...and just look how well that strategy has paid off!...bright and shiny new CPT category THREE code that's wonderful for collecting data in big clinical trials but every bit as useful as a tick on a dog's butt when it comes to gaining reimbursement...yessir!...$75,000 WELL SPENT!!...
...and I also noticed in the "amended" 10K:
"Developed and patented in Italy by CTTC's client, Prof. Giuseppe Marineo, DSc., the "Scrambler Therapy" technology..."
...oops!...lost the MD and PhD!...now just a "DSc"...man, CTTC needs to supply some kind of program to help people keep track of all these degrees!...so, is Marineo like a "DSc" for annual reports and a "PhD" for quarterly reports?...and will CTTC ever give him back his "MD"?...I bet he was a little ticked when CTTC deprived him of that one...
...I guess the next question to ask is where Marineo got his "DSc"?...or is it "PhD"?...decisions, decisions!...
...$36,000 in "Travel and Entertainment" expenses:
"Travel & Entertainment expense is higher, $36,000, in fiscal 2010 due to the establishment of a sales force for our pain therapy device."
...sales force? what "sales force"?...does anyone in the "sales force" have a name?...wouldn't that be nice to know?...you know, just in case a potential customer wanted to give'em a call...and exactly who traveled where that cost $36,000?...
...is "Crystal Research" still feeding at the trough:
"We incurred expenses totaling $42,000 to have Crystal Research prepare an investment research report on the company."
...goodness knows that was 42,000 dollars well spent...