They have lots of debts and unpaid expenses that they are unable to pay that is why they filed for bankruptcy - for protection from those financial obligations.
It looks like the bankruptcy case is ongoing so as things stand at the moment they are far from clean. I think the future status of this shell will all depend on how that bankruptcy case ultimately turns out.
I admit that I really don't know much about bankruptcy stuff. Sorry. I suppose it can go a few different ways.
#1) They could be denied bankruptcy protection and then things could get really ugly for common shareholders.
#2) They could be granted bankruptcy protection and be allowed to stay in tact with the shareholder structure and common shareholder ownership unchanged resuming as a clean shell.
#3) They could be granted bankruptcy protection, but restructured some how without the common shareholders moving forward with the new shell.
For now CHAD is left hanging and so is CHAD's shareholders until the bankruptcy court decides CHAD's fate.
Maybe somebody that understands bankruptcy stuff better can better answer your question about that.
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