Actually imo CBAI is in the best financial shape right now than ever in it's history. Getting rid of the Schisslers was step one, step two was shoring up the endless flow of dilution that killed the company. Might I suggest reading the SEC filings since 2012, including the 8k's...I would love to hear some feedback.
All legal issues with Tonaquint and St George were settled. AS WAS maxed for well over a year, causing CBAI to tighten their belt and actually run the business without service of the printing press.
Then the best thing that could have ever happened to CBAI...besides canning Schissler.. Cord Blood America Announces Equity Investment by Red Oak Partners, LLC for Purposes of Debt Retirement and to Focus on Forward Growth, Adjourns Special Meeting to May 7th
The entire investment by Red Oak ( $724,000 )went to pay down the debt, Red Oak now has 3 bod members ( of 5 ) and owns 30% of the OS. The kicker here is the vote to increase the AS went through, now 2.895,000,000. Red Oak will NOT allow CBAI to become reckless with the shares as was their past history, Red Oak will not allow CBAI to dilute THEIR holdings.
Now one would think CCEL would have given up and sold their holdings, no, in fact they sold 5 ml back on 4/13, after that buying almost 11 ml shares..
How this all plays out is anyone's guess, but looking over the most recent financials combined with NO new shares issued for over a year ( until Red Oak converted ) shows me a very undervalued company ( currently @ .004 ) CBAI is a SEC reporter ( OTCQB ) Some further DD on David Sandberg ( Red Oak ) only sweetens the pot...they are here to make money, and as they do so will the shareholders. Some DD on Red Oak reveals a patient firm who invests in small cap co's and turns them around. That starts with BOD control....
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