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Welcome and true, we do not know, what happened behind the scenes since Sept 2022
Only time will tell,
I think you are wrong Judy about CBBT not owning the PKG building.
Im pretty sure that CBBT did purchase the property and assets of PKG. It was discussed in a response to a shareholder. I was actually at the PKG building a couple of years ago (April 2022) and did see the building empty and it was for sale for around $5 or $7 million (if my memory serves me right).
I could be 100% wrong, but im very confident that CBBT did purchase the building/assets. There were some items that were auctioned off but I thought those were only office furniture.
based on that timeline I assumed they would have received their payment in shares on 9/20. Still confused if those shares would have had any value to them at that point, however.
a little background ...
04/26/2021 CBBT issued update on ShareExchange aggreement with PKGuis Stakeholders.
09/02/2021 SEC revoked CBBT registration (delisted).
09/20/2021 CBBT closes Share Exchange with PKGuis Stakeholders.
Interesting, thanks for sharing. Seemed like Eric wanted to try to give us shareholders some hope. Whether he did anything to follow through on it is another story.
Ahh I misunderstood, thanks for the clarification, Judy. Do you have any knowledge on my question regarding when PKG would have gotten the shares they were supposed to receive in the agreement?
#1. CBBT did not own or sell the property. I believe that the deceased owner's estate owned the building and the property. IMO Most of the others assets like patents and possible contracts looked to have been cashed out before CBBT's deal was completed.
I think the only thing CBBT purchased was the equipment and then auctioned it off?
also, the only info readily available about Alan now is this, if it is the same Alan
https://www.bloomberg.com/profile/person/20153900
FYI all, I did contact the TA's office, they would not answer any questions about what happens to shares, once they are written off by a broker, so no way of telling how many shares still exist, they did tell me to email them the questions and they might answer my questions, but generally the TA tells folks to contact the company on such things
their is info@transferonline.com
all good questions, when the PR came out about the DRG Capitol Investment, i got an email from Alan, I I replied to Alan and what i got was, well you decide
-----Original Message-----
From: CEREBAIN BIOTECH INVESTOR RELATIONS DEPT
Sent: Thursday, September 29, 2022 9:38 AM
To: info@cerebain.com
Cc: ir@cerebain.com
Subject: [URL Verdict: Unknown][Source] Cerebain Biotech Has Made a
Capital Investment in Diabetes Reversal Group, LLC
Cerebain Biotech Has Made a Capital Investment in Diabetes Reversal Group,
LLC
September 29, 2022 08:30 AM Eastern Daylight Time
COSTA MESA, Calif.--(BUSINESS WIRE <https://www.businesswire.com/>
)--Cerebain Biotech Corp. (OTC: CBBT), (the "Company" or "Cerebain") today
announced that it has made a capital investment in Diabetes Reversal Group,
LLC.
"Cerebain is happy to announce it has made a capital investment in Diabetes
Reversal Group, LLC (DRG). We are confident in the growth potential of DRG
due to the size of the diabetes market and the demand for ways to reverse
this epidemic disease"
"Cerebain is happy to announce it has made a capital investment in Diabetes
Reversal Group, LLC (DRG). We are confident in the growth potential of DRG
due to the size of the diabetes market and the demand for ways to reverse
this epidemic disease," says Eric Clemons, CEO of Cerebain.
DRG has the only patented system in the world that reverses Type 2 Diabetes,
and they guarantee results. They have a 13-year track record and have helped
thousands of diabetics reverse their disease once and for all and get off
their medications.
"We are excited to expand nationally and internationally with our incredible
program, so we can help diabetics reverse this disease that causes so many
devastating complications," says Kristine Burke, MD, who is triple board
certified and the Chief Medical Officer of DRG.
About Cerebain Biotech Corp.
Cerebain Biotech Corp. is a development-stage medical device company focused
on the creation and clinical development of a minimally invasive implantable
device and a synthetic drug solution. The device leverages the clinically
observable, positive impact that Omentum stimulation has on cognitive
function as related to dementias, and in particular, Alzheimer's disease.
The corporate vision is based on these positive clinical observations. Visit
us at www.cerebain.com
<https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.cereba
in.com&esheet=52929737&newsitemid=20220929005273&lan=en-US&anchor=www.cereba
in.com&index=1&md5=b154a07d33fe397318003dd487ab07eb> or connect with us on
Twitter
<https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.twitte
r.com%2Fcerebainbiotech&esheet=52929737&newsitemid=20220929005273&lan=en-US&
anchor=Twitter&index=2&md5=63e8a6fdb41fa49bdd1dd4c1d0dba7b8> and Facebook
<https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.facebo
ok.com%2Fcerebainbiotech&esheet=52929737&newsitemid=20220929005273&lan=en-US
&anchor=Facebook&index=3&md5=be812231e4a6503fb83b43e19cfa2b16> to learn
more.
About Diabetes Reversal Group, LLC
Diabetes Reversal Group, LLC was founded to provide a natural diabetes
treatment, non-drug approach to helping people with metabolic and
nutritional imbalances. These imbalances can lead to many health problems
traditionally treated with invasive prescription drug therapy, such as Type
2 Diabetes, Neuropathy and Heart Disease. The Patented program developed by
DRG helps Type 2 Diabetes, Neuropathy and Heart Disease by restoring proper
metabolic function and nutritional balance. We have seen remarkable results
with the improvement or elimination of these conditions, working in
conjunction with your primary physician. Visit us at
https://diabetesreversalgroup.com
<https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fdiabetesr
eversalgroup.com&esheet=52929737&newsitemid=20220929005273&lan=en-US&anchor=
https%3A%2F%2Fdiabetesreversalgroup.com&index=4&md5=8cf8c3d9c86b037e67c1936a
a29f73f2> .
Forward Looking Statements
This news release contains certain "forward- looking statements."
Forward-looking statements are based on current expectations and assumptions
and are inherently subject to risks and uncertainties, some of which cannot
be predicted or quantified, and many of which are beyond the Company's
control. The forward-looking statements are also identified through the use
of words "believe," enable," "may," "will," "could," "intends," "estimate,"
"anticipate," "plan," "predict" "probable," "potential," "possible,"
"should," "continue," and other words of similar meaning. Actual results
could differ materially from these forward-looking statements as a result of
a number of risk factors detailed in the Company's reports filed with OTC
Markets. Given these risks and uncertainties, investors are cautioned not to
place undue reliance on such forward-looking statements and no assurances
can be given that such statements will be achieved.
Contacts
Investors:
Mr. Alan Klitenic
Cerebain Biotech Corp.
888.430.2221
info@cerebain.com
-----Original Message-----
From: ***************************************
Sent: Thursday, September 29, 2022 9:28 AM
To: ir@cerebain.com
Subject: RE: [URL Verdict: Unknown][Source] Cerebain Biotech Has
Made a Capital Investment in Diabetes Reversal Group, LLC
When is Cerebain going to do right by investors and clean up its ticker with
the SEC and make the stock tradeable once again.
Cerebain ignore the SEC and has blemished its name badly by doing so
Its time to acknowledge that and correct the matter
-----Original Message-----
From: CEREBAIN BIOTECH INVESTOR RELATIONS DEPT
Sent: Thursday, September 29, 2022 11:06 AM
To: ******************************
Subject: RE: [URL Verdict: Neutral][Source] Cerebain Biotech Has
Made a Capital Investment in Diabetes Reversal Group, LLC
Good Day Sir,
The IR Dept does not have any more information beyond what is here publicly.
This PR was released to shareholders and appears to show the company intent
to clean up the ticker for this all to make sense. There is absolutely no
guarantee that will happen of course. Everything is currently a work in
progress.
Regards,
Cerebain Biotech IR Dept
I have been thinking more about the possibility that it's the PKG stakeholders finally doing something as Judy had said in a comment earlier. I was always confused about how CBBT acquired PKG and its assets (including the building they sold for $7.25 million) for shares of a company the SEC had revoked. Does anyone know if its possible they would have gotten the 33.47 million shares prior to the agreement closing? Otherwise closing after that decision by the SEC would most likely mean they must have had reason to believe the stock would trade again.
No updates here on the reorganization I take it?
Hopefully, you learned some things. First I've heard of this former scam, but here's a thread from three years ago.
https://www.reddit.com/r/pennystocks/comments/lkqnxq/before_investing_into_cbbt_read_this_be_careful/
Not saying CBBT will not come back to life now or later, but it does seem there is some confusion between the brokers or in different branches of Schwab as to what is actually going with CBBT
I understand that, but what does the broker do with the shares??
I have my share split between a a personal acct and a ROTH IRA acct, so I could only write off the shares in my personal anyways
I would keep the shares in the IRA
When you sell your shares to your broker your entire position is surrendered for a penny. Then your broker owns the shares. Keep in mind you still can only claim $3000. loss @ year. That's the reason I opened another acct was to avoid a broker from taking my entire position. My plan was to transfer as many shares to the new acct. needed to get to the $3000 limit. Sort of a insurance policy in case CBBT miraculously was able to come back to life.
Maybe, I cannot do it today, but next week, I am going to call the T.A. and see if I can findout...
What happens to shares once written off
And how many shares they show CBBT having now
I think what a good possibility may be is that another company may want the letters CBBT as their identification on the exchange. That could be causing the confusion. I’m no expert, it’s just my opinion.
Exactly, what I am trying say, ty...
It looks like their is some confusion going on..
I had a weird interaction with E-Trade customer service yesterday as well on the subject. Initially, the first agent I spoke with confirmed that CBBT was undergoing a reorganization when I asked if that was true. When I asked if they could explain what that could mean for CBBT, I was transferred to someone else who told me they were unable to confirm anything regarding a delisted position including if it was undergoing reorganization and apologized for the misinformation from the previous agent. Very strange and they would not say anything further.
K, like I said, I think is some confusion within the brokers some how
Agreed, it's either a go or it's dead
I called yesterday evening and Schwab told me it wasn't being reorganized and shares could be removed.
Not saying your wrong Herr
Looks like Schwab itself is confused, cause they are telling folks two different things
I talked to my local broker by phone in St Petersburg, Fl on Tyrome Blvd.
I haven’t spoken to anyone at etrade but that’s who I dealt with. After I read your thread I took a look there, my shares have been identified with this code 15672M106 but they have been red since the downfall. Now they are green, I have no knowledge why they changed to green but now curious minds want to know. If I find out why I will let you know. I’m with you on this, either it’s a go or I’m gonna write it off.
I Don't know? What was their story of what reorganization meant? All I know is what I was told. I'll try and do a little more DD tomorrow.
I just called the 800 # and talked with Schwab and they are telling me a different story,
When you say local Schwab agent, do you mean a local office?
Not challenging what your saying, just digging for answers
I want this thing to either come back to life or die for good
I called Schwab, it means Registration Revoked by SEC
Question, when I look at schwab acct, positions, it says CBBT Cerebain Biotech Co XXXR, what does XXXR stand for?? Anyone know???
Interesting, ty for posting, time will tell
I still find it interesting, and Dr. Hockings never directly answered the question as to why, they chose to have Cerebain's signature and information at the bottom of the press releases stating their intention to explore opportunities in public markets. It seems almost as if they copy and pasted from an old Cerebain statement and forgot to remove it. To me, it doesn't make sense to do anything like that, especially with a company that is no longer trading, unless there is a connection. Like everything else with this stock, it will remain a mystery for now.
Interesting, so we know it has nothing to do with DRG. Thanks JSmeesh for sharing this.
I had reached out IR at DRG, unfortunately it does not seem like if anything is happening here with CBBT, it will be with them. I can’t figure out how to post an image on here but their CEO, Dr. J Murray Hockings, who at first did not recall Cerebain investing at all with them, told me that Cerebain did make 4 separate investments with DRG totaling $54k, but after Eric had gotten sick and passed away this past year he had not heard from anyone from Cerebain. That was all he had to share.
This is Awesome Good Stuff seeing our old familiar Traders coming back. Hopefully this rekindles into something good. Hang tight!!! GLTA!!!!
I attempted to call the phone number for Alan Klitenic posted in the article for the first time in a long time but it’s no longer in service. Last I remember reaching someone was when the investment into DRG was announced.
This is the press release about CBBT’s investment in DRG back in September of 2022
Not holding my breath but I guess I’m glad I didn’t get rid of those shares
https://www.theglobeandmail.com/investing/markets/stocks/CBBT/pressreleases/10464636/cerebain-biotech-has-made-a-capital-investment-in-diabetes-reversal-group-llc/
This has rekindled my interest here as I don’t remember ever seeing this. Please continue to share your findings. These names have a definite connection here. I think we could be onto something here.
Thanks Judy for this update, this is getting very interesting!!
Well Wesley Tate was the same CFO (for a time being) as Cerebain and the investor relations is the same as Cerebains (Alan Klitenic) with Cerebains phone number 888-430-2221.
Maybe, just maybe DRG is merging with old CBBT. No-one knows anything right now and Cerebain has still not filed anything with the SEC (that we can see).
Nice find!
DRG Twitter acct, which is as silent as can be,
https://x.com/WeReverseType2?t=0ZujV_O40Tmoz71wXrMobg&s=09
Yeah I remember seeing that when it came out, and all went silent until Eric's death, and then silence again until you found the recent reorg info
It will be interesting to see how this place
Especially since a lot of folks had their brokers write off their cbbt shares
http://wallstreetresearch.org/reports/Diabetes-Reversal-Group.pdf
I found this doing some research back when DRG’s name first came up. I have no idea if the information is correct but found it to be very interesting.
https://www.abc27.com/business/press-releases/ein-presswire/609888373/diabetes-reversal-group-llc-announced-it-has-commenced-exploring-opportunities-in-the-public-markets/
Wondering if it has anything to do with this article from last year
Today I did a test to transfer CBBT shares between my Fidelity accounts and saw that CBBT was not listed as an eligible investment to transfer. My other dead penny stocks were listed as eligible to transfer. So I'll take that as another positive sign that something may be happening with CBBT.
This isn’t only good news but really good stuff Judy all the back checking and persistence you’ve put into this. TAB78, you as well, I just had started to check back in here, must be a reason we got drawn back in, hope it leads to something good!!
Ty Judy, looks like we will have to see what the reorganized and their lawyers figure out,
If their gonna do right by us or :(
Here is the link... https://casetext.com/case/sec-exch-commn-v-crown-bridge-partners-llc
CBBT is listed in Apendix B as Notes to which Defendant shall surrender conversion rights on Note dated 03/02/2018.
OMG is this the convertible note for 650,000 common shares?
https://content.edgar-online.com/ExternalLink/EDGAR/0001477932-18-001232.html?hash=fa5eaf5c0ae1a5c906ee9a9ff179de3b24efbc568e1153a1f490bc2a856f15e3&dest=CBBT_EX105_HTM#CBBT_EX105_HTM
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