Obocon Inc. (OBCN)

[Lazarus]

I foresee some real problems here in the future.

Their balance sheet looks totally bogus.

Note all the assets listed.

Note that the sum of the assets is zeroed out by the accumulated depreciation. There's nothing wrong with accumulated depreciation of assets to ZERO.

When I was in business many of my assets were depreciated...at times to ZERO. Same with rentals I owned on a 20 yr depreciation schedule.

The problem is the company should still have those assets even though they have depreciated them to ZERO --- BUT I'M CONFIDENT THAT ALL THOSE ASSETS, LAND, BUILDING, VEHICLES, FURNITURE, ETC are held with Liz and Co.

CLSI DOES NOT OWN THEM

Its one thing to depreciate them --- quite another for them to be GONE.

if you think I'm wrong --- just ask a CPA.

(Or -- cal the company and ask them if they own the land and building, etc)