Replies to post #32 on Cellular Prods Inc (fka CELP)

[head22]

The CEO, Dr. Hengst called me and told me that he assumed that the bankruptcy court filed the article 15 he thinks needed to be filed but they must not have. He told me that this was done back in 1994..and the Hemagen liquidated in 1996. He said that Cellular sold all their assets to Hemagen including their name, and it was dissolved. He did say however that the SEC sent him notice that Cellular Products is delinquent on their filings. He said he has some calls into the SEC but they haven't gotten back to him. I had called and left a message and since they had received a number of calls he clled me back cause he didn't want anyone throwing money away at a stock that didn't exist.Nice guy.

How does a stock that doesn't exist still trade...and where does the money go?

[Aduke]

.. what would happen if some lawyer messed up and this company is NOT actually private!!!! --- ie the bankruptcy proceedings never declared the shares as worthless?

This about summarizes everything I have read on this board. Looks as if noone ever filed to deregister CELP, and the stock has been trading ever since, although very quietly until yesterday.

Interesting situation ...

P.S. I am NOT a bagholder, just a quiet observer. Maybe something I can learn from this.