The 10-Q is Filed Dec. 23rd showing the Plan for a Reverse Split, then the stock surges to a High of 0.05 on Dec. 27th
Tuesday, 12/24/13 12:09:38 AM CLGL - Reverse split planned, up to 1 for 1000. From 10q filed 12/23/13:
"The Warrants entitle the Investors to purchase one thousand (1,000) shares of Common Stock for each $1.00 principal amount of the Notes purchased, at an exercise price (the “Exercise Price”) of $0.001 per share. The Exercise Price and the number of shares of Common Stock issuable upon exercise of the Warrants are subject to adjustment for the planned Reverse Split at a ratio of 1,000 to 1 such that the Exercise Price, post-Reverse Split, will be $1.00 per share and the number of shares of Common Stock issuable upon exercise of the Warrants will be 325,000 (subject to further adjustment upon a possible change in the Reverse Split ratio). The Warrants will be exercisable from issuance until ten (10) years after the closing of the November 2013 Offering.
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