Cobalis Corp. (fka CLSC)

[MPTIU82]

Beachgal, I thought you were long Clsc. Have your spots changed? Or are you "pushing" for 0.03 to 0.025 to get more shares before the "turnaround" and emergence from Chapter 11?

Cornell is trying to get clsc to go Chapter 7. If successful they do not have to cover their huge short position. This is what naked shorts and pipe scammers and slammers try to do but the SEC is on to all these firms now and investigating.

Put Gryphon in the same boat. The other toxic financier that Yakatan hooked clsc up with.

Cornell is trying to get the clsc patents thru their toxic activities and forcing BK/Ch 7 on Clsc.

Cobalis filed for Chapter 11 as counter move to the Ch 7 filing by Cornell to give it time to present plan to court for emergence from Ch 11 as a viable firm going forward.

To win this they will need money, manufacturing plan and partner, and a selling and distribution revenue stream in short order to win court approval to move out of Ch 11.

If courts does not approve clsc plan then they could rule in Cornell favor for Ch 7 which is liquidation.

Lets hope Cobalis management has a good plan and can get the Ch 7 filing by Cornell dismissed. Then all shorts need to cover and fast.

Had clsc concentrated on selling product the past 3 years instead of funding clinical trials, pre-histin sales could be $100 Million by now... Bad strategy by Yakatan and Radovich should have known better.....