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Competitive Technologies Inc. Message Board

lonzooscar 8 posts  |  Last Activity: 19 hours ago Member since: May 16, 2013
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  • lonzooscar lonzooscar 19 hours ago Flag

    ...only seven sites listed on the "hfclinicalstudy" website...were SUPPOSED to have "approximately 35 sites activated or committed to participate in the trial by year-end [2013]" per October, 2013, update...who cares?...patients are what matters -- how many patients in the US have they done?...I saw the announcement about the "first" patient and then nothing more...the June 2014 update reviewed the feasibility trial data but said nothing about current trial enrollment in the US...pretty pathetic if they've only done one patient in ten months...

  • lonzooscar by lonzooscar Jul 27, 2014 12:15 PM Flag

    ...on changing its name, maybe we should have a contest to see if anyone can come up with a good one!

    Of course, the obvious one would be "NON-competitive Technologies"!

    But thats a little TOO obvious, isn't it?

    Well, how about "Scams-R-Us"?

    Or "Best Bunco"?

    Hmmmmmmmm..."Mcboondoggles"?

    "Schyster's Barn"?

    "Victoria's Fraud"?

    "Swindle Outfitters"?

    "Flimflam King"?

    I dunno but I'll keep working on it! Anybody else got any ideas?

  • ...1 for 10 reverse split and name change and all, I thought maybe we ought to start thinking about the funeral plans.

    For example, what kind of music should be played?

    Of course, Handel's "Dead March" from "Saul" is definitely at the top given how long the company has been "dead" for investors.

    For myself, Handel's "Hallalujah Chorus" is a necessary pick.

    Let's see -- Rutter's "God Be In My Head." With CTTC? Fat chance, right!

    Don't want to be too dismal so maybe include Monty Python's "Always Look on the Bright Side of Life." Although that might make current shareholders weep.

    I thought about Bette Midler's "Wind Beneath My Wings," but way too optimistic no matter what CTTC turns into.

    Of course, we'll have to top it off with Andrea Bocelli’s "Time To Say Goodbye." I can only hope it's time to say "goodbye" to quack Italian medical devices as well!

  • Reply to

    New name and reverse split???

    by lonzooscar Jul 17, 2014 11:03 PM
    lonzooscar lonzooscar Jul 20, 2014 8:36 PM Flag

    Yeah kinda smells like they're anticipating some sort of backend merger. Or maybe just "reinventing" themselves? Goodness knows pretty much anything should be good for a laugh. At one point they announced they were going to be distributing the "magnetic therapy diaton" from "Bicom." That would ahve been rich! But, alas, nothing happened subsequently.

    Is it true that someone caught Conrad standing on his chair the other day, and he told them he was trying to raise his IQ?

  • Per the "preliminary proxy statement " filed yesterday:

    "Proposal 3: To amend the Certificate of Incorporation to change the name of the Company from Competitive Technologies, Inc. to [new name].

    Proposal 4: To amend the Certificate of Incorporation to effect a one-for-ten reverse stock split of the Company’s Common Stock"

    Like a new name is really gonna help! Manure by any other name is still manure, right?

    And a reverse split -- 1 for 10 no less -- yeah, that should do wonders for the stock price! Let's see, that would reduce the float to around 2 million shares. Just what a near bankrupt company needs -- illiquidity!

  • lonzooscar by lonzooscar Jul 12, 2014 8:35 PM Flag

    ...at old seekingalpha headlines I stumbled across:

    Nov. 18, 2013, 2:22 PM FAB Universal spikes 9.8% as Jim Rogers discloses 10K share buy

    Oct. 14, 2013, 12:40 PM FAB Universal climbs on Jim Rogers' bull thesis

    Way to go Jim! That was almost as good as his call back in 2011 to sell everything but Chinese stocks and buy gold and commodities.

  • I just noticed in CTTC's last 10-Q:

    "As of May 14, 2014 the Company has not repaid the principal due on the March 2012 $100,000 note or the April 2012 $25,000 note and as such is in default under the terms of the notes. There is also unpaid interest related to these notes."

    That refers to this note:

    "In March 2012, the Company issued a 24-month convertible promissory note to borrow $100,000. Additional 24-month convertible promissory notes were issued in April 2012 ($25,000) and in June 2012 ($100,000). All of the notes bear 6.00% simple interest. Conversion of the eligible principal amounts to common stock is allowed at any time after the six month anniversary of the effective date of each note at a rate of $1.05 per share."

    Unpaid interest? Default?? Does the bondholder have a lien on CTTC as well???

    Would defaulting on a loan require an 8-K filing? I dunno, but it seems like being in default on a $100,000 loan might be considered "material" -- as in a hint that the next step is chapter 11!

    Especially considering the latest "corporate fact sheet" indicates that as of May 30, they had 3.1 MILLION dollars in total debt! That's a half million more than what they reported at the end of March! And how much you wanna bet it's ALL convertible into virtually truckloads of CTTC stock?

    Figure also that they owe GEOMC over 4 MILLION dollars and GEOMC DOES have a lien on CTTC's inventory!

    I dunno, it just seems like defaulting on loans deserves some kind of 8-K and/or press release apart from a one line note in a 10-Q! Seems only fair to potential investors! I think I'll ask the SEC for their opinion -- in 2011, they harangued CTTC up one side and down the other for late 8-K filings and for failing to file in situations where one was required. Maybe the CEO hasn't kept up with the rules and needs a reminder.

  • Saw the Seethruequity PR this am -- "The research is not paid for..."????

    Oh, of course not:

    "Present at SeeThruEquity's Next Conference Presenting Company Package - $6,500"

    And look what we have here:

    "Conference Tomorrow--SeeThruEquity Winter Microcap Investor Conference to be held at Convene Midtown East on February 6 [2014] is open. Confirmed presenting companies include:

    Competitive Technologies, Inc. OTCQB: CTTC Healthcare"

    Obviously, a totally "unpaid," unbiased opinion! NOT!!

    I think I'll ask the SEC how legitimate is to claim no payment and imply no vested interest when CLEARLY they ARE paid and no doubt want CTTC to come to MORE of their conferences -- at $6500 a pop, wouldn't you?!

    Nevertheless, good for a laugh:

    "Patients typically undergo 12 treatments over a two week period..." They do??? That appears to be a 20% increase in what MISTER Marineo's protocol states -- then again, since he's disowned CTTC, who cares, right?

    The next sentence is just precious:

    "Physicians can lease the Calmare(r) pain therapy device for around $2,000 per month, resulting in a very attractive economic value to their practices."

    He kinda leaves out the part about actually finding suck...uhhhh...patients! Not to mention actually getting paid! Then you have to figure, the practitioner is LOSING two grand a month!

    Then comes:

    "CTI has reported a wide range of reimbursement levels for Calmare(r) therapy device treatments, even within the same geographic locations."

    Now, that just had me on the floor rolling around laughing! Yeah, right! "Wide" range -- somewhere between ZERO and...uhhh...uhhhhhh...NOTHING! Yeah, NOTHING! REAL wide "range" there!

    As far as "ample room for physicians to make healthy returns using the device," evidently the guy hasn't read CTTC's SEC filings since those "healthy returns" for physicians don't seem to have generated much revenue for CTTC in the 6-7 YEARS that the thing has been available!

    CTTC -- better than a comedy club!

CTTC
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