"So you think an inventor..."????
Well, it really doesn't matter what I think -- right?
It's what all those potential investors and potential customers think -- right?
And they just read that "Competitive Technologies, Inc. No Longer an Authorized Agent or Representative of Scrambler Therapy®" and that "Inventor Calmare Scrambler Tries to Block Sales."
And if they read further they saw the inventor basically accusing CTTC of being "self-serving," CTTC's BOD of being disingenuous by "claiming that CTI's CEO had acted without authority to enter into the 2012 amendment, and that CTTC was trying to rip him off by planning "to ignore all of its obligations under the June 30, 2012 Amendment."
And they saw CTTC's CEO basically accusing the inventor of being stupid for not understanding the consequences of allegedly not signing the agreement, and of being conniving in seeking a "better deal," and of being greedy in attempting "to get more money from the company."
Now, you have to admit all that probably doesn't make for the best sales pitch -- right?
As far as "inventor who has a legally executed contract," well, isn't it CTTC who is doing the nullifying? It seems like all Marineo is doing is confirming what CTTC has already done.
As for that other stuff -- "after CTTC has spent time and capital to get a CPT III code for insurance reimbursement, clinical trials started, and the US Government buying the units" -- who cares?
If all that was important to CTTC, why didn't they specify in the agreement that Marineo would reimburse them or share responsibility or something to that effect? But no, THEY signed the agreement the way it was written! TWO YEARS ago!! But NOW they start whining???
This reminds me of the Nano farce -- he can't possibly collect his $750,000 after all that he did, he was fired "for cause," that arbitrator doesn't know what he's talking about, blah, blah, blah! And the arbitrator said, well, CTTC signed the agreement -- so there! And what happened? Nano got his $750,000, CTTC had to pay Nano's attorney and legal fees, and CTTC's own legal costs were somewhere approching a million bucks.
And although CTTC may have "all the inventory," am I mistaken in my interpretation that Marineo was free to order as many as he wanted from GEOMC:
"The Parties acknowledge and agree that each one will be entitled to receive supplies of the device directly from the manufacturer GEOMC, authorized to produce the CE-marked and FDA-cleared device."
Besides, in at least one filing and/or press release CTTC ADMITTED that international sales were beyond its capabilities at the time. In other words they couldn't have done anything if they had wanted, and consequently gave away essentially NOTHING!
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