Replies to post #10978 on Calmare Therapeutics Inc (fka CTTC)

[Vaffan-Coulo]

"...what a contract is..."???

Well, although I'm pretty sure everyone knows what a "lien" is, just in case:

"A form of security interest granted over an item of property to secure the payment of a debt or performance of some other obligation. The owner of the property, who grants the lien, is referred to as the lienor and the person who has the benefit of the lien is referred to as the lienee."

And GEOMC is definitely a "lienor" since it's recorded as such in Connecticut. And, interestingly enough, right there next to GEOMC is the name of CTTC's chairman of the board with his own personal lien!! Quick! Dibs on Conrad's tie!

Indeed, I'm surprised CTTC doesn't topple over from so many "liening" on it! Oh, ha-ha! I made another little joke!

As for contract, I already posted that, and it pretty clearly says that whenever CTTC sells a scamare, GEOMC gets paid "x" dollars. Granted, "x" may be zero, but I kinda doubt it.

510-K? Why, that's easy -- that's what CTTC got from the FDA so it could market its TENS device.

How the SEC regulates? Well, CTTC should certainly that! Goodness knows there's practically a library's worth of letters from the SEC asking why CTTC didn't file this or that, etc etc. Not to mention that big investigation into CTTC's involvement in attempts to manipulate its share price. Yep, I bet CTTC knows a LOT about SEC regulations by now!

"...how to issue a legitimate news release..."??? Now that I don't understand. GEOMC issued theirs via PR Newswire and they appeared on the newsfeeds of all the major networks -- how could you make them any more "legitimate"?

So let's see, CTTC's got 3.1 million dollars in debt. GEOMC gets all the inventory. Brennan probably would claim all the cash loss carryforwards. I recall about all of $8,000 in property and equipment that maybe they sell on ebay.

I dunno, at this point I'd say that once this turkey gets carved, there's not even going to be even a bone left for shareholders to gnaw on!

[Fair Play]

Funny to read your reply. VC's efforts are useless: CTI does a great job in destroying itself (and unfortunately some Italian shareholders that would know how to use their boots ).
In 2010 CTTC's shares were worth 3.5 dollars but since it is out of the AMEX they are worth peanuts to which one must add debts, lost lawsuits and new ones underway. However the company's flagships are by far its press releases and 510(k).

Calmare's distinctive feature and therefore its true market value is that it is not a TENS but CTI goes and ruins it all by asking FDA to market it as a TENS device. Boy are they smart.

Press release
CTI announces the signature of the Amendment and fowards it to SEC.
CTI adds 3 more Amendments, but two years and 3 CEOs later it still hasn't reached an agreement. But don't worry here comes Conrad Mir to fix it all by announcing:

- J.J did not have the legal power to sign the Amendment. However he soon realizes that there is a SEC file signed by the entire Board that gives J.J. the power to sign the Amendment, so Conrad announces that the Amendment was in fact not signed.

- CTI informs SEC that a US lawfirm started a legal action which is currently underway on the issue. Calmare's inventor pubblically confirms that CTI disseminated false information and that CTI has no whatsoever right on his invention.

If CTI continues to issue this type of press release VC and Marineo will soon see the end of this story.