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The Default status for Clearlite Holdings is applied after the State notifies them of the delinquency and they fail to pay or respond. I'd have to track back and see what the time period is, but I think it's somewhere between 15 and 30 days.
In Default, they maintain Corporate status for 1 year, but do not have "Good Standing". At the end of 1 year, they automatically dissolve.
They can respond to the deliquency by notifing them of dissolution, which could forego any further legal actions, as they would no longer exist as a legal entity.
Once dissolved, they don't qualify for exchange listing. Technically, a dissolved situation requires notification to SEC/FINRA. FINRA now has authority to Halt trading and pass the dissolution problem to SEC for Suspension and Administrative proceeding to determine remaining on exchange or revoke registration. If you check the status page at OCT Markets for Suspensions/Halts, you find those with status "Revoked" (usually after move to Grey by suspension).
http://www.otcmarkets.com/marketActivity/suspended-symbols
The Administrative page at SEC is also a track on revoke.
http://www.sec.gov/litigation/admin.shtml
Since the Tag Industries subsidiary was dissolved back in September under Florida law, there is technically no operation (no longer a "Going Concern").
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68246287
The holding company has little/no assets (mostly debts) and although should have been properly reduced to Shell, it now is damaged by the filing failures and its "unclean" status makes it unusable (IMO). They could have dodged the filing problem by Chapter 11 bankruptcy last summer to avoid periodic report filing, but they missed that opportunity too. I guess they are content to abandon the company, as is.
SEC is now working with OTC Markets to screen those with filing failures and suspend, so that possibility also exists. They have 3 strikes on periodic reports including the annual, and no 8-K or other filings since last May. The six months of no filings is what tripped the STOP downgrade status at OTC Markets in November.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68771893
Given the history with the material filing failures and that big-one on the Ault/Corestream oil-well deal back in March, it's possible they are watching for opportunity to suspend under their new guidelines.
I didn’t get to see the end of the day, I am very pleased, up 100%
I will ADD to the ibox as we get more info. Have a nice weekend!
You KNOW that Thomas Irvine is in the long past and is not the CEO.
You KNOW that Michael Edwards is the current CEO as of the last filing.
You KNOW that Thomas is so out of the picture that he's not even in the outdated officer's list.
I KNOW that it doesn't take much effort to remove Thomas' outdated name and statement about the company.
I KNOW that current management is so bad, certain folks would rather lead people to believe that Irvine is involved and not replace his name and statement with something simple like "Current CEO: Michael Edwards". This is confirmed and you don't need a full officer's list to at least put this accurate information up.
You've also been on the ihub for certain companies that current management has been involved in (and this board doesn't like mentioned). You've seen this happen before and you probably have it nailed with your first thought on why.
Because we don't KNOW what's taking place with CLRH...until then, there's no reason to change the ibox.
Right PAUL E NIEDERMEYER, who has a connection to current management. However, folks that go on this site see someone who hasn't been around in forever and is prior to this guy. Just another way that folks can't trace the history of current management. Why keep this other guy's statement for so long when it is even older than the last outdated list of officers?
Nice and green today:)
there is only a ask with 2,6 million shares
490,000 shares move...up a whopping 80% and yeah i know its 80% of what%
the point is why?
could it be Manny the Manipulator at work?
i'll wait and watch
is there an actual, tangible product here?
have you seen it?
i am a confirmed skeptic..........................
what are you talking about? There's been no update of officers @ the Nevada SOS...same officer listed since I've been in:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=V1WPAkebKsabBNtI1XpcmQ%253d%253d&nt7=0
btw...as I've stated before, the ibox will get updated once we get confirmation of what's actually taking place with CLRH.
Which means Thomas J. Irvine hasn't been involved with this company in forever. Something that should be noted on the ibox but isn't because certain folks don't want you to know who is involved.
we know the A/S are perfect for it...just needs a catalyst:)
The last update was Feb of 2011. The list of officers was due 12/31/2011 and the license expiration date is also 12/31/2011 but is still showing active, so it will be curious to see what's going to happen here.
hhmmm
updated...
link?
Bought to average down R/M would be nice. Will be holding like I did with a few others that went to .02
A pump and dump scam doesn't need billions to work. Anyway, the Nevada Secretary of State page has updated the officer list, with yet another Ault crony. Any chance this board will update it's ibox now or will it continue to deceive potential investors with false information?
crazy HIFI...you should do well with those:) Lucky you!
Hey b rich, someone sold me their .0006's
Merry Christmas to you and yours, $b_rich$!
Merry Christmas to everyone on the board!
GO CLRH!
PennyFans
Real DD on the background of the folks in charge of this stock tells and much bigger story and would be helpful to investors that may be fooled by the outdated and incorrect info listed on this board. Too bad some folks here refuse to let that information be posted.
Agreed. AS is the most important number to me too. It self could tell a lot of thing about the stock.
Happy holiday to you and to your family!
PennyFans
Thank you PFs:) The A/S is the most important number to me. Always a pleasure to have you in a stock as well! Happy Holidays everyone!
You are the best man to keep SS updated in all possible way as I known. So you are the most trust man of mine in pinkland. I alway feel good when with you in same board.
GO CLRH!
PennyFans
same here...I've been watching the sos close.
As long as SS do not change significantly, I belive this is a great stock to hold. May add to my position if get a chance.
GO CLRH!
PennyFans
we're either getting shorted to heck here or someone is just scaring up cheap(probably both). One way or another, we'll head up nice at some point.
Agreed! If a bottom become solid, may consider to add to my position here!
Have a nice evening!
GO CLRH!
PennyFans
nice close:)
CLRH...195M A/S common...link:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=V1WPAkebKsabBNtI1XpcmQ%253d%253d&nt7=0
As I know, SS as following:
AS: 195,000,000
OS: 132,287,614
Float: 119,190,000
GO CLRH
PennyFans
Hello,is the Shares Outstanding 132,287,614 a/o Mar 22, 2011 correct?Thank you
never know what can happen here PennyFans, but I'm betting on a runner with any updates because of the low A/S:)
Just check with NV SOS website, A/S still is 195,000,000. As long as it keep at these level, this is a good stock to hold in my opionine. I will be with you to see what is happen next.
GO CLRH!
PennyFans
Maybe we'll get an update by then. Good to see ya here cbo:)
list of officers due 12/31 with nv sos
Like I posted, just waiting for pinksheets to get updated. I haven't been deleting much here. You all have tried to compare this with AGEL and it's not even close to that SS...CLRH has 195M AS common vs billions on the other one.
EOM
Hard to do when you delete mention of such DD on this board and keep outdated info and a message from the ex-CEO, making it look like he's the current CEO.
Not at all...people need to do their own DD. Until something changes at pinksheets, all info is left in the ibox:
http://www.otcmarkets.com/stock/CLRH/company-info
You are assuming that anyone with an internet connection that goes to iHub and comes across this board is here for the same reason, which is absolutely not true.
You have an old statement from an ex-president which misinforms everyone of who is involved with this company. Anytime I try to bring to light any information on current management, it gets deleted.
Last month, a poster here confirmed that, as of now, this company exists mainly as just a shell. Yet the information above misinforms and tells people that this company is making money from selling their product through various sources.
At least half of everything in the iBox is outdated or irrelavant to the CURRENT company. Please tell what reason is everyone here? Because, from my perspective, it looks like the reason is to deceive people and make a quick buck in selling out.
It's the A/S of 195M and a bottom for now...everyone on the board is pretty much here for the same reason. I do see we have CANT and LAFC bidding now. Who knows what's up.
I won't remove anything until I see an update of what's taking place. GLTY!
Good grief. If you, as mod, wanna invest in the latest scheme from Ault, Edwards and co. go to town. However, as a mod, could you folks please update the iBox here and remove the former CEO's statement as well as all of the other misinformation you present here. Almost none of the stuff at the top of this board is accurate in any way.
Smartest man on the board here. You probably know it's a scam and have looked up the sordid past of Milton 'Todd' Ault and Michael Edwards. These guys are bad news and are only looking for suckers to rip off.
CLRH - Bounce time bigins!
GO CLRH!
Pennyfans
It sure does now:) Up we go here soon!
yes eturd was selling over 3.5 mill at .0011 last week he got inpatient and dumped today imo
And they had quite a few shares. If this goes lower I for sure will pick some more up. .0008 is dirt cheap.
looks like our tax seller is out
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http://www.clearlite.com/ (Website No Longer Running)
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Recent News:
09/15/10 http://dev.ir-site.com/images/library/master/edgar/story.aspx?symbol=CLRH&story=33988309 (Link Dead)
09/13/10 http://dev.ir-site.com/images/library/master/edgar/story.aspx?symbol=CLRH&story=33938507 (Link Dead)
08/09/10 http://markets.financialcontent.com/ir/?Module=MediaViewer&GUID=14207618&Ticker=CLRH
07/29/10 http://markets.financialcontent.com/ir/?Module=MediaViewer&GUID=14066030&Ticker=CLRH
07/20/10 http://markets.financialcontent.com/ir/?Module=MediaViewer&GUID=13923840&Ticker=CLRH
Form | (Filer) | Received ( Period ) | |
8-K | CLEAR-LITE HOLDINGS, INC. | 05/06/11 (05/06/11) | |
8-K | CLEAR-LITE HOLDINGS, INC. | 05/02/11 (04/27/11) | |
10-K/A | CLEAR-LITE HOLDINGS, INC. | 04/18/11 (12/31/10) | |
10-Q | CLEAR-LITE HOLDINGS, INC. | 03/22/11 (01/31/11) | |
8-K | CLEAR-LITE HOLDINGS, INC. | 03/22/11 (03/21/11) | |
10-K/A | CLEAR-LITE HOLDINGS, INC. | 03/27/11 (07/31/10) | |
NT 10-Q | CLEAR-LITE HOLDINGS, INC. | 03/17/11 (01/31/11) | |
D | CLEAR-LITE HOLDINGS, INC. | 03/01/11 | |
8-K | CLEAR-LITE HOLDINGS, INC. | 02/23/11 (02/17/11) | |
RW | CLEAR-LITE HOLDINGS, INC. | 02/16/11 | |
8-K | CLEAR-LITE HOLDINGS, INC. | 02/09/11 (02/04/11) | |
10-K/A | CLEAR-LITE HOLDINGS, INC. | 02/02/11 (07/31/10) | |
10-Q | CLEAR-LITE HOLDINGS, INC. | 01/19/11 (10/31/10) | |
8-K | CLEAR-LITE HOLDINGS, INC. | 01/12/11 (12/31/10) | |
NT 10-Q | CLEAR-LITE HOLDINGS, INC. | 12/15/10 (10/31/10) | |
S-1/A | CLEAR-LITE HOLDINGS, INC. | 11/30/10 | |
10-K | CLEAR-LITE HOLDINGS, INC. | 11/15/10 (07/31/10) | |
NT 10-K | CLEAR-LITE HOLDINGS, INC. | 10/29/10 (07/31/10) | |
S-1 | CLEAR-LITE HOLDINGS, INC. | 08/24/10 | |
D | CLEAR-LITE HOLDINGS, INC. | 08/06/10 |
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