They stopped keeping up with their required filings to keep their business entity active with the Nevada SOS.
The share price is much much lower since then.
If you look at the quarterly reports their cash was dwindling down very quickly because their operational costs were far greater than their revenues. Their revenues had basically come to a complete stop starting in the fall of 2010.
If that pattern continued, they would have run out of money completely sometime in the fall of 2011.
Since the company is completely dark there is no way of knowing how they will deal with operations at that point. They have a 1,000,000,000 authorized share ceiling and lots of shares that should have become unrestricted over the summer.
I am very curious though what makes you think they have come a long ways since March. Please share.
Obviously just about any stock can move no matter how fundamentally sound or dirty it is (unless it is already too far too over diluted). The stock was already used as a pump&dump recently in late September. I'm just saying that if it does move up it won't be moving on merit.
Being a dark company with so many unknown factors since March that was already so recently pumped and dumped - people should be aware of the risks and play accordingly if they want to invest in CBGH.
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