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where do you think CBAI will land if Sandberg pays 1st divi.
Probably not for a while.....
There hasn't even been serious volume in the trips yet. This once went as low as $0.0005 or $0.0006, but it was only for a very, very short time with micro volume. If there's heavy dilution, look for it to head back in that direction. And THEN look for the R/S.....
when is the next reverse split for CBAI?
It's still GARBAGE!!
$cbai CBA Florida, Inc. Announces Intent to Call Shareholder Meeting, Proposes Approval of Plan of Liquidation and Dissolution
LAS VEGAS, NV / ACCESSWIRE / February 11, 2020 / CBA Florida, Inc. (www.cbafloridainc.com) (OTC PINK:CBAI) ("CBAI" or the "Company") today announced that its Board of Directors (the "Board") has approved a Plan of Liquidation and Dissolution of the Company (the "Plan of Dissolution" or the "Plan"), subject to shareholder approval. The Company presently intends to hold an annual meeting of its shareholders (the "Annual Meeting") in the second quarter of 2020 for purposes of the election of directors, approving the Plan of Dissolution, and to vote on other related matters and proposals that might arise. If the shareholders approve the Plan of Dissolution, the Company intends to file articles of dissolution, satisfy or resolve its remaining liabilities and obligations, including but not limited to known and unknown contingent liabilities and claims, costs associated with the liquidation and dissolution, taxes payable, and other contingencies and costs. If the shareholders approve the Plan, the Board currently intends to make an initial distribution of at least $0.0048 per share as promptly as reasonably possible thereafter.
Prior to the filing of articles of dissolution, the Board will continue to evaluate any strategic alternatives available to the Company in accordance with its fiduciary duties to the Company and its shareholders.
David Sandberg, CBAI's Chairman, stated, "After devoting substantial time and effort in identifying and pursuing opportunities to maximize shareholder value, including discussions of a stock sale with multiple parties that ultimately failed, the Board has decided to move forward with a dissolution, subject to shareholder approval. The Board engaged one of the top global economic consulting firms, which recently completed an estimate of certain liabilities of the Company, in order to confirm the Company is in a position to make a cash distribution. In the coming weeks, the Company intends to announce the date of the Annual Meeting and will file preliminary proxy materials."
About CBA Florida, Inc.
CBA Florida, Inc., formerly Cord Blood America, Inc., does not currently have any active business operations and consists of the cash, receivables, and liabilities remaining post-closing of the sale of substantially all of the Company's assets.
Forward-Looking Statements
Some statements made in this press release are forward-looking statements. The Company uses words such as "anticipate," "believe," "expect," "future," "intend," "plan," and similar expressions to identify forward-looking statements. These statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties, certain of which are beyond the Company's control. Actual results could differ materially from these forward-looking statements as a result of, among other factors, risks and uncertainties associated with its continuing limited operations, as well as liabilities and third-party claims currently existing or which may arise in the future. The Company encourages you to review other factors that may affect its future results in its filings with the Securities and Exchange Commission. In light of these risks and uncertainties, there can be no assurance that the forward-looking information contained in this press release will in fact occur. The Company does not undertake, and the Company specifically disclaims any obligation to update any forward-looking statements to reflect occurrences, developments, events, or circumstances after the date of such statement.
Investor Contact:
Anthony Snow
asnow@cbafloridainc.com
SOURCE: CBA Florida, Inc.
$cbai Share Structure
Market Cap Market Cap
10,812,562
02/19/2020
Authorized Shares
2,890,000,000
08/12/2019
Outstanding Shares
1,272,066,146
08/12/2019
Or $0.0000000000000000000000000000000001 .....!!!!!!!!!!!!
$CBAI $.0001 coming
That wording just covers their ass, it doesn't bother me...
as far as the buying, I don't get it at all. It's great for anyone that wants out now though, and that's a good thing.
I seriously wonder if the buyer/buyers are confused, maybe thinking this .0048 is a divi ?
I just don't get it at all......
I like the part in 8K....The Dissolution may be postponed or abandoned by the Board at any time, including after SHAREHOLDER APPROVAL.
Something here is wrong I just don't get Sandberg MATH and the how we really get paid. Shareholder vote doesn't mean chit when sandberg can take it away anytime he wants to do something that he would never update us on.
Who is buying up here and why??
The big question I have is whether the 3 ml in escrow is being figured into the .0048.....
The shm will be in the 2nd qtr, with May 17 being the 2 year anniversary of the escrow, one would wonder if it ISN'T figured into the payout, why not ?
Nearly 40 million shares traded in two days. Still under $0.01 and nowhere near where it was before Reverse splits. Poor CBAI
Sandberg has kept us in the dark long enough and has not kept his word to us since day one. I say Vote him OUT!!!
I know I did....thanks for posting it..
I was thinking any news would show at the top of CBAI's Ihub page, that must be SEC filings only.
I have to say I'm a little confused at the feverish buying on this news....
I thought you said Plumber
Thats why i said pipes
Why 142 transactions? Buy_&_dump_coming?! Thanks!!!
This stock I held for 3 yrs maintain price with slow pace increase
Which "the pipes" would this be? Thanks!!!
It absolutely got by me. Thank you. I’m getting too old for this. Lol!
Did you guys miss this PR posted yesterday after the bell?
CBA Florida, Inc. Announces Intent to Call Shareholder Meeting, Proposes Approval of Plan of Liquidation and Dissolution
ACCESSWIRE ACCESSWIRE•February 11, 2020
LAS VEGAS, NV / ACCESSWIRE / February 11, 2020 / CBA Florida, Inc. (www.cbafloridainc.com) (OTC PINK:CBAI) ("CBAI" or the "Company") today announced that its Board of Directors (the "Board") has approved a Plan of Liquidation and Dissolution of the Company (the "Plan of Dissolution" or the "Plan"), subject to shareholder approval. The Company presently intends to hold an annual meeting of its shareholders (the "Annual Meeting") in the second quarter of 2020 for purposes of the election of directors, approving the Plan of Dissolution, and to vote on other related matters and proposals that might arise. If the shareholders approve the Plan of Dissolution, the Company intends to file articles of dissolution, satisfy or resolve its remaining liabilities and obligations, including but not limited to known and unknown contingent liabilities and claims, costs associated with the liquidation and dissolution, taxes payable, and other contingencies and costs. If the shareholders approve the Plan, the Board currently intends to make an initial distribution of at least $0.0048 per share as promptly as reasonably possible thereafter.
Prior to the filing of articles of dissolution, the Board will continue to evaluate any strategic alternatives available to the Company in accordance with its fiduciary duties to the Company and its shareholders.
David Sandberg, CBAI's Chairman, stated, "After devoting substantial time and effort in identifying and pursuing opportunities to maximize shareholder value, including discussions of a stock sale with multiple parties that ultimately failed, the Board has decided to move forward with a dissolution, subject to shareholder approval. The Board engaged one of the top global economic consulting firms, which recently completed an estimate of certain liabilities of the Company, in order to confirm the Company is in a position to make a cash distribution. In the coming weeks, the Company intends to announce the date of the Annual Meeting and will file preliminary proxy materials."
Yes. Looking forward to it!
tomorrow will be interesting to say the least....
They are slapping the ask all the way into the close, hitting .0084 like it was nothing.
strange, even for CBAI !
if news breaks this week, one has to wonder....
Yes! .0083 on the bid is eating everything anyone throws at it.
I had a long standing sell order at .0085 for a Mil and I just removed it. We’re gonna see .009’s very soon.
amazing, OTCX is lapping up every share they can get.....
What really seems odd is that CCEL isn't taking advantage..
Wow. All I can say. I admittedly dumped 1 Mil on .0083 and it was replaced on the bid within seconds.
I like the sound of that. I hope it rains pennies! .01 to be exact!
speaking of weather the flurry at the open reminded me of a leak....
we'll soon see...
gl
Loving this. Haven’t sold any into the climb but knew the weather was changing here a few weeks ago.
Working on the pipes?
something might be up here....
.009 hit..
The plummet is coming after .000000001, reverse split and bankruptcy. Still holding 13,000,000 plus shares.
then they better lower the ask.....a lot..
And it looks like they are using the funds to buy back their own CCEL shares.
pure greed...lol...
Interesting, they backed off .008 and went up a couple ticks.
another Form 4 filed...
Given how Red Oak has gone completely silent on schedule for cash distributions and dissolving a corporation involves possible liability risk to the dissolvers, I don't think we can assume breaking the escrow in May will promptly open the distribution floodgates. I have no idea what Red Oak is thinking, but the longer they hold on to at least some of the cash, the longer the directors insulate themselves from post dissolution liability and presumably the less likely there will be post dissolution claims.
Lol. That’s a lot of chocolate.
It's a guaranteed profit, that's all I can think of.
The delays/ silence here has made more than one shareholder take it.
Like you pointed out before, they haven't even dented their holdings yet, no way they can sell out without totally crashing the pps.
Maybe Portnoy needed some $$$ for Valentines Day ???
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Cord Blood America, Inc.(CBAI), through its wholly owned subsidiary CorCell Companies, Inc., is engaged in the business of collecting, testing, processing and preserving umbilical cord blood, thereby allowing families to preserve cord blood at the birth of a child for potential use in future stem cell therapy.
The umbilical cord which, at birth, traditionally has been thrown away, contains a rich store of stem cells. Cryogenically preserved umbilical cord stem cells have already been used to treat 75 major diseases, including leukemia, severe anemia, metabolic blood disorders and immune deficiencies. This list is guaranteed to grow as medical research learns more about the incredible healing power of stem cells.
There is uniformity in the belief that stem cells will play a key role in fighting disease as we move forward through this century. Some scientists are confident that stem cells will launch a new era in medicine, perhaps even curing some of our most intractable diseases.
CBAI offers extensive experience, with over 16 years in the cord blood banking industry, a proven processing model, technology and all the assistance our business to business clients need to grow their cord blood banking company without the additional cost of operating their own laboratory. CBAI is licensed in New Jersey, New York, California and Maryland and registered with the FDA. They are also a Clinical Laboratory Improvement Amendments (CLIA) certified laboratory.
Cord Blood America's state of the art laboratory is located minutes from McCarran International Airport in Las Vegas, NV; with approximately 3,300 inbound flights per week they are able to receive customer samples 24/7/365. Cord Blood America is a fully licensed cord blood bank that has processed more than 27,000 cord blood units since first opening in 1996. The 17,000-square-foot facility is equipped with the most advanced processing and storage technologies. The facility is under 24 hour surveillance with stringent restricted access protocols your client's cord blood unit will be kept at the correct temperature at all times thanks to our 24 hour monitoring system.The Tissue Bank Director had more than 25 years of experience in the stem cell field. A staff of highly experienced health professionals and technicians, working under the guidance and expertise of CBAI's Scientific/Medical Advisory Panel of industry leaders, offers both technical skill and unparalleled leadership. This unique combination of talents ensures that the laboratory remains on the cutting-edge of new cord blood advances, while guarenteeing the safety, integrity and viability of your customer's cord blood unit.
| ? | Total revenue for the second quarter was $0.75 million, a decrease of 5.9% from total revenue of $0.79 million for the second quarter 2016. |
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| ? | Recurring storage revenue for the second quarter 2017 was $0.66 million, a decrease of 4.4% from recurring storage revenue of $0.69 million for the second quarter 2016. |
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| ? | EBITDA for the second quarter 2017 was $0.20 million, an increase of 151.9% from EBITDA of $0.08 million for the second quarter 2016. |
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