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Schwab back to showing the Cusip # 15672M106 again today on the Monitor tab. Well it was nice while it lasted.
There are lots of variables here and I have no idea what has to happen to bring this thing back to life. What does happen is cbbt can be reconstituted as a whole different operation with no affiliation with Alzheimer’s disease. They may open back up pushing this Diabetic outfit, I’m curious but I have no idea what if anything is happening. I am still owner of shares so if they are still worth something I’ll play.
By no means am i an expert on the topic but by chance someone is ever interested in taking on this shell how will the lack of financials play into it. If I recall Eric stopped filing at some point. That's the reason cbbt was eventually delisted. I believe it was a years worth
Did anyone ever find out anything about an old Apple executive that was heavily backing the company. His name was Brad Vroom.
Mine says the same thing
Actually says cerebain biotech Corporation Company
I have etrade and now has Cerebain biotech company next to that same number Judy has, before it was just the number.
What symbol does it show ? My account used to show 1567M106 (that it's Cusip#) now in it's place it shows "CBBT" as it's symbol.
I’m with TD, but it still shows Cerebain
I noticed something different today on my Schwab Monitor tab. I don't check it everyday, but today it showed CBBT as the symbol and not Cerebain's Cusip # 1567M106.
https://www.facebook.com/share/p/paMSsjSq6JJivNPk/?mibextid=K35XfP
Speaking of untimely and unfortunate passings, I recently came across this post from Eric’s high school alumni page. Original post before the update on his passing was in Nov 2020. Seems like Eric may have been sick for longer than we may have been aware of. Hopefully there was a plan was in place for the company, perhaps that’s what we are seeing play out now.
I agree the death of a family member sets off a lot of family turmoil, especially IMO if it's a Mother or Father.
Looking back you have to wonder with the unfortunate and untimely death of Mr Panahi if it possibly changed the scenario/outcome with cbbt's involvement
https://opencorporates.com/companies/us_ca/201530210120
I do not know if there is a connection between the two, but this Nima LLC address just so happens to be right near the old Cerebain Biotech address, both were on Corporate Park in Irvine, CA
It’s an awesome looking building, it was listed if I remember right to be worth 4.5 to 5 million dollars.
https://www.lee-associates.com/idaho/2021/12/20/recently-sold-office-building-development-lot-meridian-id/
according to this, Nima LLC was the seller of the property.
I need to dig it up but I remember checking the local government site there and Animal Farm RE is listed owner of 2145 Pine.
Nima Llc went inactive then applied for reinstatement on July 31, 2022 and are now active again.
The Panahi's changed their address from the Annual Report also from 2020 to 2022
not sure that this matters now but Nima LLC, which I believe belonged to the Panahi family is still active.
https://opencorporates.com/companies/us_id/0000401897
https://sosbiz.idaho.gov/search/business
IMO this could be happening because the Panahi Estate is being settled. Panahi died 9/1/2020 and the Stakeholders have one asset left to settle. That being the CBBT is holding PKG shares that were swapped with the PKG stakeholders. Jeweline Clemons (Eric wife) is an attorney and could possibly make something happen. We will see?
Sorry, I was under the impression that Animal Farm Real Estate would have bought it from Cerebain since the sale took place after the agreement was closed.
Cerebain did not purchase PKGuis's Property or the Building, Animal Farm Real Estate bought it. As far as I know Cerebain only purchased the equipment inside the building and it was Auctioned off Nov 10, 2021.
There have been rumors about CBBT buying a PKG business in Ohio that was either in Cincinnati or PKG, llc in Cleaveland,OH. But I have no solid evidence either way.
Cerebain did not purchase PKGuis's Property or the Building, Animal Farm Real Estate bought it. As far as I know they only purchased the equipment inside the building and it was Auctioned off Nov 10, 2021.
There have been rumors about CBBT buying a PKG business in Ohio that was either in Cincinnati or PKG, llc in Cleaveland,OH. But I have no solid evidence either way.
good point. I still wonder what the PKG stakeholders got out of the deal, other than the liabilities being paid off.
News Article from 2019 about PKG, a year before CBBT had signed letter of intent, that is very interesting and is "right up the alley" of Cerebains device:
PKG User Interface Solutions Inc., which manufactures products in a number of industries including aerospace, and Megaforce Co. Ltd., in New Taipei City, signed the agreement on June 7..............
Megaforce has five manufacturing sites worldwide: three in China, one in Taiwan and one in Tijuana, Mexico. The company manufactures products in five clusters: military and government, such as energy storage and maximum security hand- and ankle cuffs; consumer electronics for companies such as mouse and keyboard maker Logitech; smart home entertainment systems such as Beats, Bose, Sonos and Plantronics; automotive products such as seat belts and internal panels; and minimally invasive surgical products such as a trocar, which inserts ports during surgery, and combination products that combine a drug and a device.
CBBT did invest about $900k, and im pretty sure it was cash that was stated, into the purchase of PKG.
The Share Exchange Agreement requires Cerebain to pay off certain PKG liabilities in the amount of approximately $3.91 Million. Cerebain will have this amount paid on or before May 5, 2021. Approximately $1.61 Million in liabilities will remain on the books of PKG after the aforementioned payments are completed. During the term of the negotiation of the Share Exchange Agreement, Cerebain has paid an aggregate of $1,275,000 to PKG to pay certain liabilities.
Thanks Judy!!!! I know I saw the purchase of PKG property somewhere, but we are still stuck not knowing for sure!
Did Eric Clemons actually fool that many people? Lol (taken lightly)
Once again; Thank You!
Thanks Judy. Now the question is how they were able to complete the agreement to acquire PKG's assets and real estate for revoked shares.
oh my Judy, you are right, i read right over that earlier today, nice
Good day, I did a search of what i have, i do not see where any of it says property, I do a copy of a PR that states assets and one that states acquisition of PKG
this shows who the current property owner is, you can click on year, to see who ahs owned it, best i can tell it was a direct purchase in 2020 or 2021, cannot the exact date here, don't have time to track it down further
phttps://apps.adacounty.id.gov/PropertyLookup/PropertyDetails?parcel=S1108325440&year=2024
Yes, I remember that also. It was an update that was early in the process that didn't come to fruition. It may have been on Twitter and was deleted, so maybe that's why none of us can find it?
Thanks, I was almost certain PKG property was mentioned in the purchase somewhere by someone but todays search brought up nothing.
Either way, im glad this board is alive again! The best board ive been involved with!
Thank You and Good Luck To You!
I will do a search of what I have, it may not be til next week, but I will search my electronic files
I was kinda getting my hopes up a month ago, now 🥺 if we get anything out of this, it will be a true miracle
I am intrigued by what I see on the other sites however, without a caption, date or referral who’s to know if that actually pertains to CBBT. I see it being suspect, I need to see a link to authenticate its whereabouts. We don’t even know where a patent is so what is the instrument they refer to. Could be coincidence of something else.
I just tried to do a board search with "property" as the search word. I did not see anything about CBBT also purchasing the property of PKG.
I could of swore I saw an email from Alan (IR) or a text chain with Eric about PKG property being purchased also.
Also, someone from stocktwits (CBBT board) just posted something yesterday that may intrigue everyone about CBBT from their broker:
The instrument has been delisted, and trading is no longer available. Once the final terms of the event are confirmed, we will distribute any due proceeds.
whoa! I can't log onto pacer.gov but I searched recently and didnt see any proceedings regarding Cerebain.
It could be alot of things, but at least there is movement in CBBT "world."
https://stocktwits.com/SaudTwits/message/574502482
anyone see this?
Animal farm probably bought the shares of the company Nima LLC for tax reasons. Common practice for real estate acquisitions
Here is my questions to T.A. and their answers
Sent: Wednesday, May 29, 2024 11:23 AM
To: Transfer Online Agent "Info@transferonline.com"
Subject: General Questions
Hi,
I have a couple of general Questions
When a companies stock get revoked by SEC and a person has their broker write off those shares, what happens to those shares?
Do they get transferred back to the TA?
Does the broker keep em?
From: Transfer Online Agent
Sent: Wednesday, May 29, 2024 4:03 PM
To: *******************************************************>
Subject: RE: General Questions
*********************,
The shares stay on the books with the transfer agent until the issuer chooses to do something different. If they are held directly with the broker, they keep them, until such time as they may choose to exit them to a direct registration position.
Thanks,
****** ******, Operations Manager
Transfer Online, Inc.
Ty, now I remember reading that, interesting, don't think we ever got that piece of puzzle figured out either
It's like it was done intentionally to confuse folks or hide chit
Don't about the actual bldg itself, I do remember seeing the sale notice on the internet,
Ya got me curious now, I may try to find sale records on that
I did a bunch of reading when cbbt got revoked by SEC, basically it came down to each share holder now owns same amount shares of private company Cerebain and the way to keep us losing what we had we needed like 300 or 500 shareholders to transfer at least one share to out of our accts and to TA to hold, there had to a minimum amount of shareholders of record to keep Eric from doing a forced sale of shares
I have no idea how shareholders did so, TA wont disclose how many shareholders of record there are, but so far I have not seen a forced sale of shares
Welcome and true, we do not know, what happened behind the scenes since Sept 2022
Only time will tell,
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