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Re: None

Thursday, 01/31/2013 10:03:12 AM

Thursday, January 31, 2013 10:03:12 AM

Post# of 1809
Clear-Lite Nevada SoS Status Change: Revoked

The status changed overnight from Default.

http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=V1WPAkebKsabBNtI1XpcmQ%253d%253d&nt7=0

Technically, the company can no longer conduct business in the State.

The company is now subject to delisting by SEC administrative action. Note, this could come at any time through an initial action of trading suspension with hearing. The problem is more of process time/timing, due to requirement of an administrative hearing (they tend to do these suspensions in batches). The hearings are normally scheduled about 60 days from suspension in the NY office where they added (at least) one more Judge in the past several years to catch-up.

What's most interesting is the possibility of transfer of corporate legal liability to the former officers of the corporation. That appears to be possible under NV law.

http://www.answerbag.com/q_view/735790

SEC....it's a good time to make this mess public (IMO).

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