Key Developments: Competitive Technologies Inc (CTTC.PK)

CTTC.PK on OTC Markets Group

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25 Aug 2014
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Latest Key Developments (Source: Significant Developments)

Competitive Technologies Inc signs letter of intent to distribute Calmare with Mediterranean for integration and technology
Wednesday, 28 May 2014 01:00pm EDT 

Competitive Technologies Inc:Signs of binding letter of intent to distribute and sell CalmarePain Therapy devices (Calmare) exclusively throughout the Middle East and North African territories with The Mediterranean for Integration and Technology (Mediterranean), to distribute and sell Calmare.  Full Article

Competitive Technologies Inc names Ian Rhodes as new chief financial officer
Thursday, 22 May 2014 09:30am EDT 

Competitive Technologies Inc:Hires Ian Rhodes, with full responsibility for managing the financial and accounting duties for the company.  Full Article

Competitive Technologies Inc Announces Management Change-Form 8-K
Friday, 4 Oct 2013 09:01am EDT 

Competitive Technologies Inc reported in its Form 8-K that On September 12, 2013, Mr. Carl O’Connell, the Chief Executive Officer of the Company, notified the Company’s Board of Directors of his resignation from his position as Chief Executive Officer, effective September 26, 2013. Mr. O’Connell will remain a member of the Board of Directors. On September 30, 2013, the Board of Directors removed Johnnie D. Johnson as the Company’s Chief Financial. On September 27, 2013, the Board of Directors of the Company appointed Conrad Mir as the Company’s new Chief Executive Officer, and President and elected him as a member of the Board of Directors. On September 30, 2013, in connection with Mr. Johnson’s removal, Mr. Mir was appointed as the Company’s interim Chief Financial Officer.  Full Article

Competitive Technologies Inc Announces Liabilities Purchase Agreement
Wednesday, 12 Jun 2013 09:07am EDT 

Competitive Technologies, Inc. announced that they have negotiated a Liabilities Purchase Agreement with Southridge Partners II, LP. The agreement takes advantage of a provision in the Securities Act of 1933, Section 3(a)(10), that allows the exchange of claims, securities, or property for stock when the arrangement is approved for fairness by a court proceeding. The process, if approved by the court, has the potential to eliminate about $2 million of our financial obligations to existing creditors.  Full Article

Competitive Technologies Inc Enters Into Equity Purchase Agreement With Southridge Partners II
Monday, 25 Feb 2013 07:35pm EST 

Competitive Technologies Inc announced that it has entered into a two-year Equity Purchase Agreement for up to $10,000,000 of the Company's registered common shares with Southridge Partners II, L.P. (Southridge). Pursuant to the Agreement, the Company has the right, at its discretion, to sell to Southridge up to $10 million of its common stock from time to time over a 24-month period. The Company will have the right, but is not obligated, to sell stock to Southridge depending on certain conditions as set forth in the Agreement which has been filed with the Securities and Exchange Commission (SEC). Both parties have also entered into a Registration Rights Agreement under which, the Company agreed to file a registration statement with the SEC with respect to the Shares. The ability to draw down funds pursuant to the Equity Purchase Agreement is conditioned on an effective registration statement.  Full Article

Competitive Technologies Inc Appoints Carl O'Connell As Chief Executive Officer
Monday, 29 Oct 2012 09:20am EDT 

Competitive Technologies Inc announced that its Board of Directors has named Carl O'Connell as President and Chief Executive Officer (CEO). Mr. O'Connell replaces Johnnie D. Johnson, interim Chief Executive Officer, who will continue serving as Chief Financial Officer and Director of Investor Relations reporting to Mr. O'Connell. The appointments take effect November 1, 2012.  Full Article

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