What's even worse about CTTC's deal with Tonaquint -- aka "Utah Resources International, Inc" aka "Inter-Mountain Capital Corp" aka "JFV Holdings, Inc." aka "John M. Fife" -- is the amount of money involved.
$100,000????
I mean, CTTC is burning about $300,000 a MONTH according to the last 10Q.
Was this some sort of "emergency" loan?
Was their landlord about to boot them out in the street or what?
Given that most of Fife's toxic convertibles that I read about ran at least a MILLION bucks, was he being chincy with CTTC or does it reflect his opinion of how dim the company's future is?
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