This action should have been taken long ago. It appears they have not filed financial statements since Dec 2016, which is about the most impressive achievement that the CEO has accomplished since he took over.
What a farce! I feel very sorry for those who held their shares and even chose to accumulate more shares over the past decade. Many of those failed to demand that Brennan the Board Chair take any action and one can only believe he has always anticipated this event and saw CTTC as a tax loss opportunity or a chance to, somehow, take it privately.
It is unfortunate that the few efforts to wrestle the company away from the present Board and CEO failed miserably, although they might well have been trying to resurrect a dead horse and nothing might have saved the company.
While not being able to trade the stock does not signal the very end, one has to wonder what the various clinics still treating patients may now do, going forward. This has always been a mystery and I often wondered if spare parts are kept in Mir's basement in NJ (hopefully not flooded out) or elsewhere. Will those clinicians drift toward the inventor's version, if it exists and is any more viable?
BTW, given this kind of info, do the government agencies, assuming they read such stuff, have to avoid purchasing (if they do) and do they cancel any contract or grants? Of course, it has never been very clear that any of those programs or contracts ever existed aside from some "loaners" to the VA or military.
All those who have hung in as shareholders, as opposed to those like myself, that took their losses and became observers, should have seen the brightest and clearest "sell signal" over the past year or so when "powderbum", the single most optimistic cheerleader ceased to post either any of his upbeat messages (eventually far and few between) or his links regarding why opioids were very dangerous (his single most important and critical message theme). Once he left the scene, anyone with an ounce of good sense should have realized that the light may well have been switched off.
