CBA Florida Inc. (fka CBAI)

[MinnieM]

Here you go. This is from the 10-Q filed 11.13.09

9 month period Revenue reduced to $2,594,126 from $3,329,120

CBAI has experienced recurring net losses from operations, which losses have caused an accumulated deficit of approximately $30.9 million as of September 30, 2009. In addition, CBAI has a working capital deficit of approximately $5.3 million as of September 30, 2009.

The good thing is that the dilution has been for debt reduction, and the company has been very open about it.


In Reply To 'spongeme'

PE is earnings per share. If a company is making money then you divide that by the number of shares out and that gives you a PE. If a company is losing money then the PE will be a negative. Right now we are at a negative PE. I'm not going to look up the past financials but if we are at a -.01 pe that means you take the number of shares out and multiply that by -.01 and that should give you the loss from the last financial reports. It is that simple. Most stocks in NYSE have a PE of usually 9-19, some more, some less. But what that means is that those companys are still in the black.

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