Cerebain Biotech Corp (fka CBBT) (CBBT)

[judypudy]

Not sure who is behind it, none the less it looks like CBBT is being reorganised by someone? IMO if it not CBBT or Eric's Estate ... the only other people with any interest in CBBT coming back to life (other then us common shareholders) is DRG or PKG Inc stakeholders. Don't forget 18 days after the SEC revoked CBBT's registration that delisted CBBT and yet PKG Inc stakeholders still agreed to a Share Exchange Agreement With PKG Inc StakeHolders. I will post more tomorrow.

https://www.buzzfile.com/business/Pkg,-Inc.-208-884-4900#google_vignette

https://pkgllc.com/

https://www.bizapedia.com/oh/pkg-ii-llc.html

[TAB78]

I honestly don't think Clemons wife will bring the company back, can anyone imagine the costs that would be involved

[TAB78]

No need to apologize, I hate to say it, but  for all appearances, Clemons knew exactly what he was doing

I said a few times here, all he had to do was reply to the SEC's letters and file reports without audits

I now looks like he did not answer cause he was hiding something

So he ignored them instead

I wish I had the coinnto hire a legal team to back and scour over any and everything and see where the coin went and who backed the purchase  of pkg

[drhome]

It was outright fraud. Shareholders dumped money in because of the PR's advertising for the new company purchase. I tried a long time ago to see if folks would like to join in together for an attorney but no one came around. I think its just too embarrassing. However, I don't even believe the POS is dead. Just another OTC devil in disguise

[Jack Torrance]

Pardon my frankness in my last post, all. But what went down made me about as angry as I've ever been in my life. Not because someone tried and failed. But because he willfully deceived many people out of a lot of money. If I had the funds, and all the social media and email evidence, I would have brought a class-action lawsuit against Cerebain and Clemmons' estate for all of us shareholders. It was unconscionable what he did.

[drhome]

The crook wasn't thinking he'd be croaking. More like he would be sitting on an island somewhere with all the $$ he outright scammed people. Very last words he told he wife was, can I take an air conditioner where he's going?

[judypudy]

Jack I wish you wouldn't beat around the bush with your posts and start saying exactly what you think.

[RMS555]

whoa!

[TAB78]

It all appears to be so, I do hate to say it, but for all appearances....

All I can say is that it's a heck of way to go meet ones maker

[Jack Torrance]

Nothing to say. This company is deader than dead. Clemmons lied to us numerous times, probably because he knew he was dying and it was going to be his last payday for his family. He first went on a pump and dump share selling scheme in with the help of his PR buddy. Then instead of following through on anything, he chopped up the company and sold it off, right down to the waiting room furniture. He pulled a Gordon Gecko, and he can't be sued because he's dead. Money goes to his family who probably already spent it. I am glad he died. Literally fuck him. Hope he rots in hell.

[TAB78]

Nothing here, I guess, no one's talking,

[TAB78]

Only time will tell here

[RMS555]

lol.... it seems like its written by AI. Ive never trusted the articles from Benzinga

[judypudy]

Huh? https://www.benzinga.com/sec/insider-trades/0001090040/eric-clemons

[TAB78]

Yeah, I like the symbol, but I am gonna be honest, I am not expecting anything from this...

[OINGO BOINGO]

Same goes on schwab. Have couple other defunct turds and only showing cusip #

[judypudy]

Checked again this morning and Think or Swim is showing CBBT as the symbol again instead of the cusip# 1567M106. I prefer seeing CBBT !

[TAB78]

Yep same here, I don't know if it is switching back and forth, I am not looking at stuff as much as I use to, busy with other stuff, while otc desides what it wants to do

[judypudy]

Just checked and my Schwab account and like you it shows Cerebain. But my Think or Swim doesn't show Cerebain anymore. It shows 15672M106 again.

[TAB78]

Interesting, I have Schwab now and it shows CBBT Cerebain Biotech Co

[judypudy]

Schwab back to showing the Cusip # 15672M106 again today on the Monitor tab. Well it was nice while it lasted.

[kgw]

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.

[OINGO BOINGO]

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

[kgw]

Did anyone ever find out anything about an old Apple executive that was heavily backing the company. His name was Brad Vroom.

[Rodmash]

Mine says the same thing

[kgw]

Actually says cerebain biotech Corporation Company

[kgw]

I have etrade and now has Cerebain biotech company next to that same number Judy has, before it was just the number.

[judypudy]

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.

[Rodmash]

I’m with TD, but it still shows Cerebain

[judypudy]

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.

[JSheesh]

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.

[judypudy]

I agree the death of a family member sets off a lot of family turmoil, especially IMO if it's a Mother or Father.

[OINGO BOINGO]

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

[judypudy]

[judypudy]

Nima is a pretty common name.
We know for sure that there was a connect between this Nima llc and CBBT .

[JSheesh]

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

[kgw]

It’s an awesome looking building, it was listed if I remember right to be worth 4.5 to 5 million dollars.

[JSheesh]

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.

[kgw]

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.

[RMS555]

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

[JSheesh]

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

[judypudy]

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?

[JSheesh]

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.

[judypudy]

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.

[judypudy]

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.

[JSheesh]

good point. I still wonder what the PKG stakeholders got out of the deal, other than the liabilities being paid off.

[RMS555]

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.

(bold emphasis mine)
https://idahobusinessreview.com/2019/06/14/pkg-user-interface-solutions-signs-agreement-with-taiwanese-manufacturer/

This is nuts!!!!

[RMS555]

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.

(bold emphasis mine) https://www.biospace.com/article/releases/cerebain-biotech-provides-update-on-share-exchange-agreement-with-pkg-inc-/

Im sure there was something from Alan (IR @ Cerebain) or Eric (CEO) before that said something about $900k cash. There was Cash and Shares given for PKG (to the best of my knowledge).

[RMS555]

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!

[JSheesh]

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.