Lifeline Biotechnologies Inc (LLBO)

[GetSeriousOK]

one of the main requirements of a Custodian is to schedule a shareholders' meeting ASAP after gaining custodianship.

If Acropolis hasn't done that, they are NOT compliant.

But no matter how amateurish Acropolis is, they at least gave LLBO a chance at survival. Without Acropolis, LLBO had no shot at getting Pink Current, because Holmes was simply never going to spend the money or make the effort.

Holmes only got reinstated with Nevada because he thought that's all he needed to do to beat Acropolis in Court. He was surprised when the Judge took the company away from him because there was nobody at Holmes' fake Cyrcadia office in Reno when someone tried to serve papers there.

It's all kind of funny, but it's also kind of sad.

I'm sure Acropolis filed the skeleton paperwork by June 30th for all three of their zombie Custodianships. The problem is, that alone isn't enough; otcmarkets has to review the paperwork, and if it's sketchy, they aren't going to designate the ticker as "Pink Current." They passed KAST because KAST was pretty clean with little debt and a low O/S, but there are many tickers that otcmarkets isn't going to approve, and by Sept. 28th we'll know if LLBO and KATX were just too sketchy to pass.

If otcmarkets rejected LLBO and/or KATX, Acropolis probably knows by now. Pity that they are not more transparent.