Wednesday, January 25, 2012 4:13:19 PM
It's now illegal for CSMG to transact business as a corporation. Sec. of State of Texas declares CSMG (CTGI) "Not in Good Standing." which means that the CSMG corporate charter has been revoked. How many other ways can this company be dead?** Grey sheets graveyard beckons.
** LTC, Inc. voided by Delaware (LTC owes $382,523.75 in Delaware franchise taxes). CSMG's partially owned sub Live Tissue Connect, Inc. (a Delaware corp) therefore is inoperative and defunct, and has been since March 2010. As a "foreign" corp, LTC's charter was forfeited in California, as well, years ago. Parent CSMG Techologies, Inc. (a Texas corp) has not renewed its corporate charter in Texas nor paid its franchise taxes. CSMG too is inexorably headed to forfeiture and dissolution.
Manwhile, competitor ConMed recently patented a new tissue fusion technology that apparently trumps LTC. Conmed's previously announced Altrus tissue welding features advanced cut-and-seal technology. Indeed, Paton's patent is listed as "prior art" on the new Conmed patent issued July 5, 2011.
Then we have inventor Paton and his team making deals in China in April 2011 on behalf of the E.O. Paton Institute (not CSMG-LTC) to use Paton's technology in Chinese hospitals. China bows to Paton's ownership of the technology. China is outside the CIS (former Soviet Union bloc). That fact indicates that Paton, as inventor, has asserted his undisputed control of the technology.
Now we find that Paton's Ukrainian team has not only invented a new tissue fusion technology but also a way to weld bone tissue. None of this is associated with CMSG and LTC, two now inoperative and defunct entities.
Not to mention that the discredited CSMG CFO is being sued for millions in a fraud case brought before a civil court.
"Denial is a not a river in Egypt." -Anon
** LTC, Inc. voided by Delaware (LTC owes $382,523.75 in Delaware franchise taxes). CSMG's partially owned sub Live Tissue Connect, Inc. (a Delaware corp) therefore is inoperative and defunct, and has been since March 2010. As a "foreign" corp, LTC's charter was forfeited in California, as well, years ago. Parent CSMG Techologies, Inc. (a Texas corp) has not renewed its corporate charter in Texas nor paid its franchise taxes. CSMG too is inexorably headed to forfeiture and dissolution.
Manwhile, competitor ConMed recently patented a new tissue fusion technology that apparently trumps LTC. Conmed's previously announced Altrus tissue welding features advanced cut-and-seal technology. Indeed, Paton's patent is listed as "prior art" on the new Conmed patent issued July 5, 2011.
Then we have inventor Paton and his team making deals in China in April 2011 on behalf of the E.O. Paton Institute (not CSMG-LTC) to use Paton's technology in Chinese hospitals. China bows to Paton's ownership of the technology. China is outside the CIS (former Soviet Union bloc). That fact indicates that Paton, as inventor, has asserted his undisputed control of the technology.
Now we find that Paton's Ukrainian team has not only invented a new tissue fusion technology but also a way to weld bone tissue. None of this is associated with CMSG and LTC, two now inoperative and defunct entities.
Not to mention that the discredited CSMG CFO is being sued for millions in a fraud case brought before a civil court.
"Denial is a not a river in Egypt." -Anon
"The past does not repeat itself, but it rhymes." Samuel Langhorne Clemens (1835-1910)
Do your DD!
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