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Post# of 129051
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BADALI

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BADALI

Re: Vmax1 post# 99774

Tuesday, 04/30/2013 1:28:13 PM

Tuesday, April 30, 2013 1:28:13 PM

Post# of 129051
Why CBIS didn't file Federal Taxes Returns?

Unfiled Federal Tax Returns

In February 2009, the Company filed appropriate federal tax returns for the years ending December 31, 2003 through 2007 and may be subject to failure to file penalties. For the years ending December 31, 2008 through December 31, 2011, the Company has not filed any federal tax returns. The Company estimates that the amount of penalties, if any, will not have a material effect on the results of operations, cash flows or financial position. No provisions have been made in the financial statements for such penalties, if any.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9234605
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