The company is at 3 cents because investors still hold stock in the company. Plenty of bankrupted companies have higher stock prices than should be the case because of investor stubburdness. A perfect example is CPICF a company that no longer has any business what so ever but still trades for close to 7 cents. I should also note that while CTGLF is not completely bankrupted, they are in serious financial trouble which is another reason the stock is still trading at 3 cents. There is still a little hope that the company could sell its business to another company and emerge fnancially stable but for me I would rather not risk it. I wish the best of luck to all who still hold shares and hope that CTLGF is bought out by Pearl Oriental allowing the company to do what it was meant to do.