CLSI has been on a bit of a downturn lately as we have lost 50% or so of our value since the first of July. Several good things happened in June and July, the OTC cleared up the warning sign issues and we went pink current and several press releases were issued. Even with all the good news, we have not maintained our share price. It looks like CLSI has some sellers.
CLSI did not react as fast as some of us had anticipated. We did not see the pop to ten cents as we would have liked and we did not maintain the run. Many felt that we should have seen a larger run to exceed the 52 week high and possibly even higher. There were many short term traders or flippers that sold and moved on to other plays. There are a large number of long shareholders that have held.
I had a chance to speak with Sam today and am happy to say that we are still on track. The pace has slowed a bit as they work with Anthea to establish a solid foundation and are working on some new products that will be announced soon. Sam is still very positive and is working hard to bring good things to CLSI. Sam said that Suresh is the one to contact for information in the future and he is more involved with many of the issues that I brought up while Sam is working with Anthea.
We can rest assured that there will be more good news in the coming months. possibly as soon as a few weeks. My concern was to hear some information as to things that have been overlooked like the naming of officers and roles, information on the name change, an explanation of the controlling owners and issued shares as well as the release of the 8Ks. All of this appears to be in Sureshes control.
I have talked about and many have done DD in regards to DFO Petroleum, it has been mentioned that Petroleum will be the strength of Obocon however at this time it appears that Obocons focus is on Anthea. The Petroleum ventures may be the future and we should expect to see something within the year, possibly in six months. For now we can expect more information in regards to Anthea.
The financials will be audited by a third party, new capital is being raised and new acquisitions are being looked at. CLSI / Obocon is new and Anthea is a startup with many new product lines being developed. Rest assured, CLSI is still moving forward. Suresh will be issuing some information this month.
Holding CLSI Long
