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it seems to do this every day, but so far it has always rebounded. lets hope it continues that trend
new funds cleared today. what's better at this point, bid support or hitting the ask? .0072 seems to be heavy resistance
EXTO 5 consecutive green days! volume coming in hard now!
EXTO up 15% on low volume. Very thin, looks ready to run
Why hasn't the price exploded in the past month. These two events appear to be huge. What am I missing?
http://www.otcmarkets.com/stock/EXTO/news
July 11, 2011. Exit Only, Inc. Acquires Bayport Corporation and Begins Gold Production
June 13, 2011. Exit Only, Inc. Finalizes Shareholder Dividend of Eight Million Registered Shares; Trans Atlantic Capital Group Commences S-1 Registration Process and Audit
I'm in. Although I'll admit I'm jumping in before knowing 100% whats going on here. I just didn't want to miss out if the DD in the stickys is correct.
If this company is valued so high, what is holding it back?
PTOS was .24 x .46, continuous ask hitting. .24x.27 now
anyone know L2? how many at 4?
Is 158 million OS correct?
I don't think that's a fair statement. I think the CEO can be trusted. I truly believe he is trying his best and wants to do right by the shareholders. The problem is, he doesn't have the cash to do so. CBAI is losing million every year. Yes, the loss was lower this year than in 2009, but there is still a long way to go. Until that happens, the business is operating off of financing. How long can that go on for? It's not the CEO's character I'm worried about. I don't like the amount of time I think it will take to see profits.
If the RS and AS increase go through, I will wait for the shares to be dumped to market, then buy back in when the first acquisition is announced. I believe that will be the turning point for CBAI and that's when the uptrend will start.
Just sold my 1 million shares. I can't take it anymore, even if the acquisitions take place, shares will be so diluted and it will take years to turn these subsidiaries profitable. It says so clear as day in the 10K that the RS and AS increase are needed just to continue doing business. I should have sold on that last run to .007
I only have 1 million shares, but I still want to get the most out of that investment. My vote probably doesn't mean anything, but I did it anyway. It's like being a republican in NY. No point in voting, but it's the principle of the matter.
If the RS goes through, and increase AS, and all the acquisitions take place as a result.... great, I'm happy. But who says this growth can't happen another way? Can you imagine the pps if these aquisitions take place without the increase in AS? Thats why I got into this stock. I don't care if the value increase offsets dilution. Thats breaking even in my mind. I don't want to break even, I want to profit.
A loan would mean paying interest, but it's the company that is paying. The increase in AS means instant cash, interest free... but it is the shareholders who are paying for it.
I like where the company is going, and I believe it will be successful eventually. However, I want my fair share.
Just voted against for both.
I understand why they want to do it, but it just seems like the easy way out.
Why does he seem to imply that he would like to do a buy back in the future. After the RS, what would be the point of a buy back?
Matt Schissler Does matt feel the r/s is really the best bet.. wouldn’t a buy back spark better investor relations and show confidence in our ballance sheets and direction the company is going
ANS: Wish we could right now, but can't buy back shares in a deficit. Management wants more shares back into the company, but right now, it i...s illegal. So we need to get profitable first. In order to get profitable, we have 1 of two choices, buy a profitable company as announced, or cut burn, buckle down and grow real slow. the second choice there gets us there slower, making all shareholders wait longer for a return. Thats why we are being aggressive ion the first choice. As for the RS...CBAI has a great company. Everyone we meet tells us that, but our cap structure is messed up. It needs to be fixed and tight. We said we wouldn't do it until we have a clear path to profitability. We do now with one of the three acquisitions.
Matt Schissler ?7. How are shareholders going to be rewarded? only question that I REALLY truly want to know as do many others around here?
That would be one heck of an announcement. SO I'm not going to do it here. We have to get profitable first, or it is illegal. Lets revisit this question after cash flow positive.
Go to ccell's website and try to find a contact in Mexico.
http://www.cryo-cell.com/company/affiliates.asp
Every other affiliate brings up contact page. Mexico brings up a new popup window and a couple drop downs that direct you to their other affiliates.
edit: can anyone confirm this, maybe i interpreted it wrong. it seems to direct you to several local branches
Are you sure this is old news? The LOI is dated from January, but this is the first release.
It appears to be the 3rd LOI in process. Schissler has stated he believes the market cap of CBAI should be around $24 million.
-LOI#1, CCdeMex would triple its size.
-LOI#2, Domestic cellular therapeutics and storage company, purchase price of $30 million
-LOI#3, South America stem cell storage provider for $11 million.
Where would this bring CBAI's market cap if closed on all three? at least $120 million, right?
we already knew the Vidaplus connection.
http://www.cordblood-america.com/cbai-news/197-cord-blood-america-announces-purchase-of-minority-interest-in-spanish-stem-cell-storage-company
email from IR:
Paul Knopick for CBAI
"We are awaiting a ruling in the legal proceedings and will announce it to all shareholders. I do anticipate an update from the company on its future business plans very soon. Thank you for your interest in the Company"
Service of Process
Delivery of a writ, summons, or other legal papers to the person required to respond to them.
Process is the general term for the legal document by which a lawsuit is started and the court asserts its jurisdiction over the parties and the controversy. In modern U.S. law, process is usually a summons. A summons is a paper that tells a defendant that he is being sued in a specific court that the plaintiff believes has jurisdiction. Served with the summons is a complaint that contains the plaintiff's allegations of wrongdoing by the defendant and the legal remedy sought by the plaintiff. The summons also informs the defendant that he has a specified number of days under law to respond to the summons and complaint. If the defendant does not respond, the plaintiff may seek a default judgment from the court, granting the plaintiff the legal relief specified in the complaint.
Rules of Civil Procedure and Criminal Procedure determine the proper form of legal process and how it should be served. The rules vary among federal and state courts, but they are meant to give the defendant notice of the proceedings and to command him to either respond to the allegations or to appear at a specified time and answer the claim or criminal charge. The concept of notice is critical to the integrity of legal proceedings. due process forbids legal action against a person unless the person has been given notice and an opportunity to be heard.
Process must be properly served on all parties in an action. Anyone who is not served is not bound by the decision in the case. A person who believes that proper service has not taken place may generally challenge the service without actually making a formal appearance in the case.
Whether service was proper is usually determined at a pretrial hearing. A defendant must request a special appearance before the court. A special appearance is made for the limited purpose of challenging the sufficiency of the service of process or the Personal Jurisdiction of the court. No other issues may be raised without the proceeding becoming a general appearance. The court must then determine whether it has jurisdiction over the defendant.
Where are they going to store these samples? At what cost?
A bipartisan group of state legislators said Tuesday that Connecticut is moving closer to becoming the latest state to participate in a national effort to bank umbilical cord blood, a source of valuable stem cells.
Sen. Len Fasano, R-North Haven, unveiled legislation that would create a public cord blood collection program in the state. If approved, it would be the first public cord blood bank in Connecticut. The stem cells collected in the state would ultimately be stored at existing facilities outside of Connecticut and become part of a national donor pool.
"This will help generations yet unborn and help people yet to be diagnosed with cancer," said Fasano, adding that 40 or so diseases are treated with cord blood. "This is an opportunity to treat not only people here in the state of Connecticut, but across this nation."
The General Assembly's Public Health Committee has scheduled a public hearing for Wednesday to discuss Fasano's bill, which stems from the work of a task force made up of legislators and physicians that met over the past year. Fasano estimates the bank will initially cost about $200,000, far less expensive than the typical $10 million needed to create a physical blood bank facility, because the state is proposing to store the cord blood elsewhere.
New parents currently can pay private cord blood banks to store the blood for their own family's use. He said it often costs about $1,500 to $2,000, in addition to a typical $150 to $200 annual maintenance fee, to use a private facility. Under this proposal, a family would have no control over the cord blood it donates to the public bank.
Some families may have a high rate of cancer and therefore it could make sense for them to privately bank cord blood. But Dr. Edward Snyder, director of the blood and tissue bank at Yale-New Haven Hospital, said most people who donate cord blood will not need it. So giving that cord blood to a public bank "would be in the best interest, globally and nationally, for all other individuals," he said.
State Rep. Lawrence Miller, R-Stratford, knows firsthand that stem cells can save lives. He was diagnosed in 1998 with multiple myeloma, cancer of the plasma cells, and told he would live five years, even if he received treatment. He wound up being treated in Arkansas and had some of his own stem cells removed and later transferred back into his body.
"So I had two transplants down there that have given me 13 years of life instead of five years they had originally said," said Miller, 74. "This bill here, it's like 6 years old. We ought to be passing this thing lickety split because this stuff is super, these stem cells in the cord blood are very, very sweet, they're really good stem cells compared to what we have in our bodies. My stuff is old and that stuff is all brand new from kids."
The cord blood is blood that remains in a baby's umbilical cord after the cord has been cut. Fasano said that material is often discarded as medical waste. The blood is rich in stem cells that can be frozen and used to treat diseases and conditions. In 2009, Fasano pushed for legislation that made parents aware of the opportunity to store the blood.
Under the latest bill, a concerted effort would be made to collect cord blood from at least two cities in Connecticut, likely New Haven and Hartford. Doctors said it is important to have a racially diverse pool of cord blood to help as many people as possible.
The legislation would create a Connecticut Umbilical Cord Blood Collection Board. That group would essentially establish the blood bank program and contract with a third party to administer it. The cord blood will eventually be sold to help patients, and a portion of those funds will be sent back to the state. Fasano said he expects the state could eventually make a profit and use that money for cancer-related programs.
http://www.businessweek.com/ap/financialnews/D9LN6BM02.htm
over 300million shares... must really hurt seeing that value drop from $6MM down to $600K. Would he really want to dilute his own shares even more without knowing it will have a positive impact on the pps. I doubt it. I would bet he wants that $6MM back, which is why I'm still holding.
"everything that has been announced can be completed and is a go, even with the adjustment"
is he refering to CCdeMex?
still planning to uplist, evaluating how over the next couple of months.
I do sense some uncertainty though. sounds like the same goals are in place, but not sure how they will accomplish them. At least he is looking out for shareholders. That is one very huge reason for me to hold.
"We have spent a lot of time over the last three weeks listening to our shareholders," said Matt Schissler, CEO and co-founder of Cord Blood America
Is it as simple as that? A CEO who actually cares about shareholders? The board has discussed this for months, closely evaluating every scenario, but because the share holders were unhappy with their first choice (500-1), they went with their second choice(100-1). And even reduced the increase in AS. Thats pretty incredible. I don't care what exchange you're on, that is hard to find.
http://ih.advfn.com/p.php?pid=nmona&article=46719880&symbol=CBAI
The intent of the RS was to uplist.... correct? Now how is that going to happen? Even if the pps climbs back to 0.004 pre-RS, thats only 0.40 post-RS. It doesn't put CBAI stock in any better shape. It just adds more shares to the AS. I like that I'm keeping more of my shares, but now how do they plan to uplist?
I think with the change to 100-1, uplisting has taken a back seat to growth. If this increase in AS results in buying CCMex plus 1 or 2 others, I see it as money well spent. Assuming the shares go from 60 to 250 million, and every last share is released to market, our shares will be diluted to about 25% original value. However, buying CCMex will triple the size of CBAI, and that is only a fraction of the money that would be available. The diluted shares should easily regain value, so long term investors would profit eventually.
That said... CEO did stress quite a few times about the urgency to uplist. Doesn't look like that is happening now. Not sure what to make of it.
100 to 1 results in 64 million, not 640 million. they are increasing the AS after the RS
I questioned this a month ago and Neck promptly replied that it was CCEL that said CBAI offered to buy them. No mention of DW though. I don't believe Neck ever said it was CBAI that mentioned the buyout offer.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59003392
http://investorshub.advfn.com/boards/replies.aspx?msg=59003392
I only have 1 Million shares, so I'm not as invested as most others. I don't know what I'll do yet, it really depends on what happens between now and the RS. If the pps jumps to the mid to upper 4's, I'll probably sell then watch from the sidelines until the RS provides a good entry. If I don't get that opportunity, I'll hold. I can afford to hold long enough to get my money back, even if it does take awhile.
That said, my average is in the upper 4's. For those of you who average higher, I can see how you might not be as optimistic.
What do you mean "when it's too late"? Do you believe the company will fail? I don't. If I did I would sell.
I think it boils down to, what do you think the market cap of CBAI will be in a year or two? I believe it will be high enough, even with diluted shares, to get my money back, or even profit. I'm stubborn, so I refuse to take a loss if I think there is a chance of recovering it.
I am not usually the type of person to just follow along with something just because someone says it is a good thing to do. I like to be able to rationalize my decisions. So far, I'm blindly following. However, I'm not ready to bail just yet.
Remember... "Matthew Schissler has been named chairman of the Biotech Committee for the Nevada Development Authority"
If Matt says this is a win for shareholders, I'm going to believe him until proven otherwise. If CBAI was a scam, and Matt was just looking to line his own pockets, why would Nevada put so much faith in him. Nevada trusts him to help make them money (attracting new businesses), why shouldn't I?
I think the problem is, people thought they would be rewarded this year with massive gains (ie... retiring on a private island). Instead, the reward might be a more reasonable gain with growth over the years to come. It is a let down, but I still think I'll profit if I hold long enough, and profit is nothing to be mad about.
Bid/ask is at 34/36 right now. What is going on? It dumps to 21 on the RS news and climbed all day friday. Now its gapping up? Are we going to hold in the low 4s again?
Vidaplus células madre - España
INTERNET: vidapluscm.com or Email info@vidapluscm.com
PHONE: +34 902 267 366 or 902 CORDON
OFFICE: Madrid, España (Spain)
STORAGE: StellaCure GmbH, in Frankfurt, Germany
COMMENT:
Vidaplus Células Madre, also known as Vidapluscm, is an independent company which serves clients in España (Spain) but uses the laboratory of the German Red Cross in Frankfurt, Germany. Website in Spanish.
CORD BLOOD SERVICES & DISCOUNT OPTIONS:
Vidapluscm operates in partnership with the German cord blood bank StellaCure, which in turn has a partnership with the Frankfurt laboratory of the German Red Cross, "Blutspendedienst des DRK Baden- Württemberg- Hessen”
Although Vidapluscm began operations in 2008, the laboratory has operated as a public cord blood bank since 1996. All cord blood collections go through the same level of quality control required for public donations of cord blood.
Vidapluscm collects cord blood by gravity drip into a blood bag.
Vidapluscm provides personal courier service as part of their contract and includes a thermometer to monitor temperature during shipping.
The laboratory processing method uses the automated Sepax system from the Swiss company Biosafe. Sepax is an automated cell separation system which relies on a laser beam to sense the density gradient between different cell layers after the blood has been spun in a centrifuge. The bag kit is sterile, functionally closed, and single-use.
Final storage is in bags with two compartments 80%/20% as well as several small testing portions.
Once cord blood is frozen, it is stored in a quarantine tank using vapour phase of liquid nitrogen. Those collections which pass infectious disease testing go into long term storage in liquid nitrogen.
Discounts available to medical professionals and certain private insurance plans.
First year of storage is included in processing fee.
http://parentsguidecordblood.org/content/usa/banklists/listspain.shtml
maybe the RS is a condition of getting financing. it could be something like, "ok CBAI, we'll give you financing but first you have to prove you are legit and fix the share structure"
the PR proves to the financer that CBAI is ready to fix it, the 2 month lead time provides the time to coordinate the financing and purchase of CCMex, as well as moving forward with the second acquisition mentioned.
all that dust settles, the RS happens, share price would be much higher and easier to see how it would go to a higher exchange
otherwise, why announce it 2 months early and allow the pps to decline? it would defeat the purpose of the RS
lets say CBAI trades 800 Million shares today. even assume that every single share was sold by people wanting out. That leaves more than 85% of shares with people that are willing to see this through. there's got to be some daytraders in there, buying/selling more than once, so that number probably goes up.
seems that with that many shares out, the price could have dropped alot more than 30%. who are all these people holding 5 Billion shares, and who are these buyers sucking up the sell off today?
maybe I'm just trying to put a spin on it because i'm holding, but it seems like it could have been worse
I really think it just is what it is, no hidden master plan. This company is always growing. When is the last time there was not some sort of acquisition or partnership being formed? CBAI keeps busy. So, if not now.... when? When would be a good time to announce this?
As the CEO stated, we need big investors and fixing the share structure is the only way to be taken seriously. IMO, he just didn't want to wait any longer. The longer he waits, the further he falls behind or loses opportunities to competitors.
I'm just going to find some other funds to play with while I let this one sit. It will make some gains eventually. After the RS, other deals will be made, and there will be plenty of chances to make money. You don't lose until you sell. I refuse to lose.
I'm doing the same. I had a sell order in this am @ .0033 because I had a 9am meeting. by the time I got back at 9:45, my trade didnt go through and its sitting at .0021
If I sell, im down 50%. It's already too far gone, I'm just going to wait it out. I think it will come back eventually.
He says "... in order to get these acquisitions closed" as in plural, more than one.
what is the other one? sounds like there are plans, but no funding to follow through with them.
He does make it clear that along with the RS, they are proposing an A/S increase. sucks.... but it does seem to be the right move.
I've been thinking about this IBC <5% shareholder info. I understand that IBC went from owning 12% to <5% due to dilution. I agree it seems to be strategic. I don't understand why yet.
The theory is maybe the other 38 BCBS independents own <5% each, controlling maybe 5 Billion shares. How does that help fix the OS? Lets say each independant owns 125M shares. As of today, thats worth $500K each. What will benefit both parties?
If BCBS owns most of the shares, how do you reduce the OS?
1. RS- if BCBS owns most of the shares, this wouldn't really be a bad thing. they would still own <5% each, and most of the shares would be locked up, so the price wouldn't necessarily take a dive.
2. Buyback - there are not many shares to buy back, could only bring the OS down to maybe 4.5 Billion.
3. BCBS retires shares - Why? I don't see why they would just give away $500K each ($19.5M total between all independents). Once they give away the shares, they have nothing to gain by CBAI success.
4. CBAI buyback from BCBS- ? is this possible? can CBAI (maybe partnered with DW) buy shares directly from BCBS instead of buying them from the market? at what price? I still don't see how BCBS benefits.
IBC is a CBAI partner.
AmeriHealth
AmeriHealth Administrators
Blue Cross Blue Shield of Northeastern Pennsylvania
Highmark Inc.
HMSA - Blue Cross Blue Shield of Hawaii
Independence Administrators
Independence Blue Cross Keystone, Personal Choice (part of IBC, and BCBS of North Eastern PA)
Mountain State Blue Cross Blue Shield
http://www.cordblood-america.com/investors
when you go to the IBC website, search cord blood...
http://www.ibx.com/jsps/search.jsp?la=en&col=pibxcom&qp=%2Burl%3Aibx.com+-url%3A%2Ffacility%2F+-url%3A%2Fchip_manual%2F+-url%3A%2Fadultbasic_manual%2F&qt=cord+blood
a bunch of policy updates come up, with todays date on it. I can't seem to read any of them though, I get an error page.
CBAI was named on the Osiris placenta donor form. Here is the timeline.
01-25-10 Osiris Completes Enrollment in Stem Cell Trial for Type 1 Diabetes
02-24-10 New Study Demonstrates Effectiveness of Prochymal as a Rescue Therapy for Pediatric Patients with Severe Graft vs. Host Disease
02-24-10 Investigators Present Phase III Data for Prochymal in Steroid-Refractory Graft vs. Host Disease
04-20-10 CBAI announces agreement to store placenta.
http://www.cordblood-america.com/cbai-news/135-cord-blood-america-again-diversifies-revenue-stream
05-04-10 Osiris Therapeutics Receives FDA Orphan Drug Designation for Stem Cell Treatment for Type 1 Diabetes
05-05-10 Osiris Resumes Enrollment in Stem Cell Trial for Crohn's Disease Following Positive Interim Analysis
07-21-10 Prochymal New Drug Submission Granted Priority Review by Health Canada
Today:
GvHD
Phase 3 Steroid-Refractory Acute GvHD - ENROLLMENT COMPLETE
Phase 3 Newly Diagnosed Acute GvHD - ENROLLMENT COMPLETE
Pediatric Expanded Access Program - ACCEPTING PATIENTS
Crohn’s Disease
Phase 3 Trial - ACCEPTING PATIENTS
Type 1 Diabetes
Phase 2 Trial - ENROLLMENT COMPLETE
Cardiac
Phase 2 Trial - ACCEPTING PATIENTS
http://www.osiristx.com/clinical.php
With all these clinical trials, it makes sense Osiris would need a supply of stems.
So, although they want it to be confidential, is this just more confirmation of what we knew before? CBAI+Osiris/Genzyme
If nothing else, Matt's position as chairman of the Biotech Board provides more confidence that CBAI will succeed. The decisions he makes regarding CBAI are in the spotlight now. Nevada will want to say "hey, look at what CBAI has done since coming to Nevada. You can do this too." They want to draw in new companies. New companies need investors. I don't think Matt has an option at this point, he has to reward investors so he can be used as an example of how great Nevada is for business. Maybe Nevada will help with that.
What you have been presenting all makes sense to me, it seems to add up.... but, just to cover all angles, couldn't that $1000/ucb valuation come from storage? $120 storage fee per year, maybe the average person only stores for 8 or 9 years. The initial fee only applies to new contracts, the $1000 value would apply to contracts gained via acquisitions).
Revenue from UCB for last quarter was reported at $960K, X 4 = $3.8MM per yr. (including Stellacure)
CBAI would triple in size with Mexico acquisition. Mexico has about 70,000 samples. So, I assume existing CBAI inventory is about 35,000
35,000 existing contracts = $4.2MM
That doesn't include a dime of the initial fee for a new contract.
Mexico averaged 8000 new contracts per year. Again, if this will triple CBAI size, existing new contract rate might be around 4000 per year. thats $8MM. where is that money? even if the new contract rate is much lower than it is for mexico, there should still be a few more Million reported. It does appear that a huge majority of the existing contract revenues are unaccounted for.
I was skeptical about the $1000 value and default/discarded stems until I checked the numbers myself.
I urge anyone to verify these numbers. It all adds up to easy money to me. Just need to wait for it.
Thanks Mr.L, I appreciate all the info you've provided