Replies to post #21414 on Cannabis Science Inc (fka CBIS)

[Austinvball]

Well, from the CO site I found this under periodic report FAQs:

A5. What happens if I don’t file my Periodic Report?
If a Periodic Report is not filed on or before the due date, the entity’s status will become “Noncompliant”. After the due date, when the entity becomes “Noncompliant”, the entity will have an additional 3 months to file a late Periodic Report, and a late fee will be imposed. If the Periodic Report is not filed within 3 months after becoming Noncompliant, the entity’s status will become “Delinquent”. Refer to section 7-90-903, C.R.S., for information about the effects of delinquency.

If the entity’s status becomes “Delinquent”, a Statement Curing Delinquency must be submitted in order to return the status to “Good Standing”. The entity will remain in “Delinquent” status until a Statement Curing Delinquency, Articles of Dissolution, Statement of Foreign Entity Withdrawal, or other appropriate document is filed.

I have yet to find 7-90-903...

So for now just looks like they have 3 months to file and it will cost them a late fee. 7-90-903 will tell us what happens after that.

http://www.sos.state.co.us/pubs/business/faq_business.html#REPORT

[GioMustang]

there is SO much they could pr to update us on its insane....its almost like they dont even wanna see this thing move..CBIS must have bills out the who ha being the 1st of the month.how can they be happy with that 2second pop into the 09's... is beyond me.I wouldnt be surprised if they PR around power hour agian...on second thought,given my anxiety right now,i would be surprised...