Cobalis Corp. (fka CLSC)

[baramu]

We own the stock, but we have no way of knowing what it is worth, how many shares are outstanding, etc. until they are back in good standing and trading on some board again. So it is essentially worthless. If today it gets pushed to Ch. 7, it is game over. We own nothing unless we are willing to step up and buy the debt, pay it off or whatever. Ch 7. is essentially cut up the assets and give them to the creditors to cover as much of the debt as possible.