Crescita Therapeutics Inc T.CTX

Trading below cash value

[Daydream2]

Management has check out of this company, but still cashing in on nearly a half millions in salaries and are still blaming the pandemic for their inaction.

[peasoupfog]

This post has been removed in accordance with Community Policy

[Daydream2]

Yes, I agree that MRV, CTX’s ugly cousin, is not much better. Thus, at least MRV management makes effort to promote the company in various way and provide regular presentation update.  CTX last presentation update on their website is dated June 2021. That is ~6 months old. They do not provide follow up on past business collaborations into which they have invested company money. Plus, for a

[matt2018]

signature product Pliaglis in 40 countries now. good time for larger player to come along and scoop this up using the companys cash on the books for leverage. IMO

[matt2018]

recently announced another bid to where the company "intends" to purchase 1M shares over the next year. Great idea, they have the cash on hand, now go out and execute it. At todays prices would cost less than $700,000.  Even if final cost is $1M, its a good use of the cash. Last yeat they anounced same plan and purchased appr $90,000 worth of stock. In a whole year!  What a