Cobalis Corp. (fka CLSC)

[baramu]

Does this make sense ?

The company isn't filing accounting. The major issue with that is that as a public company, a certain level of transparency and visibility as to what is going on is required. So you get a bunch of threats and a lot of time to get it right. And if you don't get it right and start filing, the punishment is revoking Exchange Act registration ? This results in even less transparency because now the only way anyone will see anything is if we peon shareholders get an attorney and make some claims. Of course we have no basis for such claims other than speculation because we have no visibility - the very thing for which the revocation was made! So now principals are free to do what they want, including Ch. 7, and for all we know any money that was poured into this company, including that by our wonderful benefactor CS, went right out the back door. The numbers 5247 come to mind.