Calissio Resources Group Inc (CRGP)

[markh957]

Here's what I know. In August 2015, Calissio paid out more the 1mm in cash dividends. I'm going to make the assumption that this was not all of the cash that they had in August 2015. Per their Dec 31, 2014 financials, Calissio had 5.9mm in cash. We don't know what their cash balance was in August 2015.

I'm going to make another assumption and say that they had a positive cash flow and were making a profit in 2015. It would be crazy for a company to pay such a large cash dividend and not have a positive cash flow and not be making a profit.

Finally, it would be ludicrous for a company that had a positive cash flow and was making money to just close its doors. If there are no company operations now, where did all of their cash making assets go? I may be wrong here, but I don't think they would be allowed to sell the business without shareholder approval.

If something is wrong with what I have written above, please let me know. Or if I have missed some fact that has occurred subsequent to August 2015 that would explain the disappearance of the company, please let me know.