My motivation? Just something to do when the trading day gets boring.
However, I admit to finding company's entire death spiral quite interesting.
I mean, four years ago, Nano -- for who knows what reasons -- apparently decided to ditch CTTC's previous business model in order to start selling an alleged "miracle" painkilling machine from Italy.
Now, it's not clear to me whether Nano actually planned to sell the thing or whether he simply planned on using it to sell CTTC stock.
If they actually planned on selling it, then it certainly seems clear CTTC didn't research the device or do any sort of survey of potential demand for it.
Given that the original business "plan" was to never maintain an inventory but to simply ship the devices from GEOMC as they were ordered, and that there was never any effort to write a "guarantee" for the device, or to establish any sort of "service" for customers in the event the device broke down, it really doesn't look like they were actually looking to build a REAL business.
My own thought is that the plan was similar to that pursued with the "MC Squared" -- do a lot of promotion in order to attract buyers for the stock and then just abandon the device.
This notion is supported by Nano hiring his relative to set up the phoney "Innovative Medical Therapies" company so CTT could issue a press release announcing a phoney 10 million dollar order.
From there, things get murky. Maybe they began to believe their own press releases and actually thought they had a real product since they enlisted people to open clinics and do research.
Perhaps things just got out of hand after patients failed to appear and none of the multitude of anticipated clinics announced in press releases ever opened and third party reimbursers thumbed their noses at them.
In any case, here it is four years later and all they have to show for their efforts is a room filled with "miracle" pain killing machines that they can't seem to give away.
And the deal with Blackridge and the failure to file their 10K -- a MAJOR black mark on any company -- suggests that they have reached that stage where they are little more than a trading vehicle for penny stock jobbers.
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