Chase Packaging Corporation, a Texas Corporation, is a shell company, as defined in Rule b of the Exchange Act. The Board of Directors has been devoting its efforts to establishing a new business and, accordingly, the Company is being treated as a development stage company, in accordance with Statement of Financial Account Standards SFAS No. , effective January , . Managements plans for the Company include securing a merger or acquisition and other strategies designed to optimize shareholder value however, no assurance can be given that management will be successful in its efforts. The failure to achieve these plans will have a material adverse effect on the Company s financial position, results of operations and ability to continue as a going concern.
Quote | Chase Packaging Corp Tex (OTCMKTS:CPKA)
Last: | $0.22 |
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Change Percent: | 0.0% |
Open: | $0.22 |
Close: | $0.22 |
High: | $0.22 |
Low: | $0.22 |
Volume: | 10,300 |
Last Trade Date Time: | 08/04/2020 04:54:20 pm |
News | Chase Packaging Corp Tex (OTCMKTS:CPKA)
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