To the person who sent me a private message regarding my current thoughts on CLCL......
I still own my position in CLCL, have added to that position, and might continue to add shares. But, having said that, I think the risk level of the stock has increased considerably since my last post.
Let me preface this by saying that I'm not aware of whatever (if anything) is happening behind-the-scenes on a corporate/management level, and whether those things (if any) would make those of us retail investors much more comfortable with our current positions in this stock. Hopefully my concerns will turn out to be overblown, but until we see some concrete positive corporate activity it is probably prudent to be at least somewhat alarmed/concerned with what is going on.
I'm not at all pleased with a number/variety of things regarding management (CEO Norm Kaplan) here. It is entirely possible that Kaplan never had any real intentions of updating the corporate and product website(s) as he had mentioned in his email last year. Kaplan allowed the registrations to the sites to expire and the corporate website was scooped up by one of those website "vulture" firms. If his intention going forward is to operate the company without any significant website presence, I think that is a huge strategic blunder on his part.
One of my concerns at the moment is whether Kaplan is truly committed to advancing the company and keeping the stock active/alive. The SEC's "pre-emptive strike" policy (in which the SEC seeks to suspend/revoke non-filing stocks) poses a potential serious threat to CLCL. The absence of an informational, fully-updated corporate website certainly doesn't help the situation.
If the SEC does contact CLCL and makes its usual requests/demands, I just don't know if Kaplan would have the ability or willingness to actually satisfy the SEC's demands. I don't know if Kaplan fully understands/appreciates the danger he is placing the stock in by not taking at least some minimal actions/efforts that might help avoid having the SEC suspend/revoke CLCL's registration, for example: get the OTC profile fully updated, some filings, etc., etc.
The upside potential from these price levels could be substantial, but there is also a very real possibility that any continued/additional investment in CLCL could end up being just a complete waste of time/money.
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