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No word on court yet?, T+11, hanging 22-23 tipped 21 I see.
Caught a call at the hall so, can't watch the ticks.
Drag 'cause I was in the middle of a trade & had to get back in too earily, lost 200k but, court news is either going to be good or bad, as in stagent, & can't afford not to be in for now.
Mean time, still waiting for news on court,
Judge was pretty quick on the last call,.....
Cheers All
Just my 8 shares,..don't see cmex going through til after the r/s.
It's been over a week since court & just starting to feel,
no news is good news, perhaps.
One would think if a continuance was going to happen, it'd be ruled as such by now.
Even if we did get a green light with a courts blessing, I can see the MOMO crowd jumping in for one last "Hoo-Rah", a jump of 75% like the last time but, even that only gets us to 40-42.
I can also see the mm's just cut loose the pps & try to force a run before the r/s because I can't see how a run could happen w/such a large a/s, not necessarily sold, (that'd be suicide) but,
just the possibility of.
This will be the real for Matt;
will he be a professional & use this "lotto" winnings wisely or,
will he blow it all on buying companies & expantion too soon without focusing on merging these companies into an empire?
Hopfully Matt does nothing about diluting some at first,
just pass enough around to satisfy the LOI,
(it's in the LOI after all), let the deal go through & let some of these past buys start to do thier thing, that'll get people's attention,....profits.
Alas, for it's only a dream,
"we are in 2 other talks at present,...."
so the fire sale of shares continues & that isn't a bad thing,
this was a 3min-5 year play & we're 3 months into year 2.
All I know is, Dec 23, 2012 better not happen.
I'd hate to think my last thoughts will be,
"My Shares, just one more year, my shares",...
Cheers
$1 after r/s=$255mil, @ current prices= .012pps
Even the 500-1 @ 40 got us to $2=min,
& that's w/out the a/s.
If an up-list was a reason,
he'd have done a 1000-1 r/s min.
It's the a/s that he's after, or being prodded to do.
Thanks for update. I'm wondering why the judge is lagging on this,
& all the legal games.
The judge pretty much knows what both sides are going argue & knows his ruling so,....rule.
Neither side is going to come up w/anything "new" that the judge hasn't thought of & think,
"I didn't think about that"
Thanks again about update, seems other here have forgotten about the "game changer".
Cheers
Any word on court today?, T+7,
It's been a week now, some word by now, even just "countined", just to keep the shareholders informed of on going events.
I feel like I'm in a Pac-Man game,
the more shares I gobble up & longer I play,
the more I'm getting trapped by 4 mm's.
They'll toss out an apple here, pritzel there but,
in the end, you run out of quarters.
Cheers
What Happened in Court 7 Days Ago?
neither side can "man-up" & just say,
continued?,...
If I may, yes you are correct.
A r/s only decreases the amount of shares out there.
The value will increse in proportion to ie;
CBAI has 6.9bil shares worth .0024= $16.56mil= market cap
A 100-1 r/s would divide the total share count to 69mil,
the value would increase to .24= $16.56mil.
A holder of 1mil shares @ .0024= $2400,
would now have 10k shares @ .24= $2400.
Historically, a r/s is viewed by investors as being a negetive sign for a company & such usally declines.
A company may use a r/s to pump the pps to avoid a de-listing.
http://www.investopedia.com/terms/r/reversesplit.asp
They can also be used by a company to up-list;
1000-1 would leave CBAI a total of 6.9mil shares @ 2.40= $16.56mil
$2 per share being a min to up-list.
It's the a/s that's the killer here.
The r/s= 69mil + another 186mil= 255mil total shares.
Pre r/s;
6.9bil @ .0024= $16.9mil
Post r/s;
69mil @ .24= $16.9mil
+ the other 186mil shares=
255mil @ .24= $61.2mil????
If current market value is $16.9mil then,
$16.9mil/255mil shares= .066 pps.
1mil share investor sees his share count drop to 10k shares, post r/s.
10k shares x .066= $660.
My $2400 investment is now worth $660.
If the market truely feels CBAI is worth $61.2mil,
the pps now would be @ .0088, not the current .0024.
Another stated reason for the a/s is to prevent a takeover;
the increase could have an anti-takeover effect, in that shares could be issued (within the limits imposed by applicable law) in one or more transactions that could make a change in control or takeover of the Company more difficult.
At todays prices, 7mil buys you a controling interest.
If he's worried that, I'd find the 7mil, retain power once again,
watch the pps explode w/the news of the buyback,
do a straight r/s, no a/s which would for sure get an up-list, let "larger investors" drive the pps even higher,
start selling a few shares on the "profits" he just created for his world conquering shopping spree.
Someone loan me 7mil,
I'll cut the umbilical cord from the "puppet-masters"
& get this "horse & pony" show on the road.
You can PM me for account info.
I'll be more than happy to upgrade so I can respond to pm's.
PS,
Someone apparently likes my idea, pps just jumped 3 points.
Cheers
Can we make a motion at the meeting?
May not have to knock him out but voted out.
Yahoo?, deseng you're right, the all bold does make it easier to read.
CHEERS
Those on Yahoo don't seem too excited about this either.
WHAT?, surely you jest, what happened in court is a question that can't be asked nor answered?
I must be a simpleton & so new to investing that I would (GASP),
dare ask such a vile concern,
"what happened in court that is holding up the deal that is going to put us on the map"?
Please forgive me for I know not what I do,
a thousand pardons
I'm sure the "anointed one" can be bothered to address such the simplest of concerns on his busy calender,
"Is the ice maker on"?
My "agenda" is most simple,
a return on my investment.
Cheers
You talked to the company last night & all you asked was some dung about a $100 pps dream???
You didn't ask something more, you know, real,
perhaps what happened in court 5 days ago?,
about a deal that was going to set CBAI on fire?
I sure hope they are "fully aware of the situation",
they caused it by thier lack of leadership & trying to take the easy way out w/this r/s, a/s,
instead of bolting down, making some sacrifices, doing some hard work here, you know, lead.
One would hope the bad news is priced in but,
ye fears its yet to come upon us,
There's no "government", force to store our/thier "stuff",
free-be's going on, etc.,
if there is, there's a kick-back somewhere in some book.
If BC/BS is somehow getting "free" storagage, there's a kick back in the "books",.....
If we are being "forced" to provide "free" storgae,
the pps is the least of our worries here then.
Most here have seen '11 as the CBAI break out year,
'10 has seen alot of aqu's/contract deals etc that'll take 2-4 Q's to start to flouish,
we are just starting to get into a shifting gear mode,
(I was thinking 2Q= July15 - 3Q= Oct15,)
but this almost out of nowhere r/s,
(not so much the r/s,
I always knew it was ment to be for an up-list,
I tried to make a case about it but was slammed),
but,
the a/s seems to be lost in these debates,
(the survey doesn't cover it enough),
4 questions on the r/s & a mention, (lost in a question about the r/s), about the a/s.
but, the a/sis the key here.
Perhaps my style of writing prevents others from responding,
(my jokes/cracks aren't that bad),
but,
from the get-go, my whines have been about the a/s & not the r/s, others have express concerns of such matters also.
Check Six,
Cheers
I don't see "total collapse" just a re-set of the time frame,
this r/s-a/s dung set us back 2 years.
I'll contiue,...
Judge's are ex-lawyers, still part of the "boys-club",
just now upper-management for the legal money-making legal boys-club system.
Why all the continuance?,
You have a date for a test, you didn't study/not ready,
FAIL= F,......NEXT.
But a judge can let 2 lawyers show up in court= 3 hrs each,
($200+ hr.),
one says, "I'm not ready",
& it's ok for the judge to say,
"I'll give you another chance to milk your client",
let the two lawyers have another chance to hash it out @ $200hr. each,
when in fact, he could just say,
"test date is now, I'll rule in,...(when I have the time)",
he has all the info, he's an upper-management lawyer,
he knows/suppose to know what is going to happen next so,
why the games???
I hear ya, saw this on a hipe also,
but, never would have found it if it wasn't.
One of those, "look what I found's" when searching around for something eles,
another spec play,
maybe just some action,
you dig around a bit,...it's a different sector, new diggs,
Your own DD should settle that for you,
if you just wanted a trade, ya hurts.
If your dd says hang on,
might be a good time to knock that ave into the low 30's w/one buy,
perhaps a chance to turn some anger into some happy &= just be peeved.
Like I said before, I took a lose on one play to play another so, I'll give this a few Q's & see how this play develops.
I'll put another block in, just because I'll be here for a few & can get another block in @ close enough to half of my first one.
My DD says, I'm already in for one block, one more for now @ half price,
"I want to see the next card".
Cheers
Like a third offer, "they can't refuse".
I'm sure Matt would have placed a horses umbilical cord in someones bed by now,
"leave the placenta take the conoley's".
I'd concur, re-con 100k or so, might get a bite @ 19-18,
like when we hovered @ 40 for a few months,
I was ecstatic about a 39 buy!!!,
?????
Unless you feel a pop coming before April 21,
then I'd just wait it out.
The vote will come out yes &, it'll be a bloodbath that morning.
Better be quick, not many 20's left, 22-21-20.
Check Six
It's been continued, if it has been dismissed,
Matt would've already pr'd that use to be a feather moment news, just to help keep the troop's sprits up.
I'm sure his lawyers would have gotten the good word out
to him on Fri.,
"guess what, it's over, V-Day"!!!
When I hire a lawyer & it's court day, I'm calling every 15 min to see if it's over with & I can carry on with my life.
Check Your Six
A little 500 trade can raise or drop the pps then,
BAMM, a 1mil trade goes through depending on if you wanted to buy or sell.
I also heard those 100, 200, 300, 400, 500's are coded messages ie;
I want some, need to sell some, kick the price up, etc.
I've notice also it takes several auto. buys to get my order filled & I get 35,587, 21,746, etc.,
those, I have no idea.
I guess I should be happy that they're letting go of 87 or 46 more shares, you know, as a favor.
I myself have been buying xx,001, Matt is going to round up
in the r/s.
Cheers
Happens to the best at times,
When Babe Ruth was the homerun king during his day,
he was also the strikeout king.
Everyday not selling is another up at the plate.
I'll just sit on this a spell & give the play a chance to develop.
Cheers
You're not alone, I chased a bad pitch also & picked up a few lotto tickets myself @ 39.
Ave. down would be great except, I'm not tapped out,
I'm banging my head on the mat, sceaming UNCLE.
Cheers
Wondering about The Clash's, "Should I Stay or Should Go Now"
More like The Undisputed Truth's "Smiling Faces"
Wasn't court last Friday morning & it's Monday now,
yet, no word???
Has thou forsaken ye on this but most important of days???
Being that this whole CCEL-C-Mex thing started this 40% decline,
r/s, a/s, 2 8-k's, printing 21-25 buys as of late & all this growth & all,
you know, the whole feather moment, the one buy to get us to profits that's been in court, tying us from a 35-70% spike,
the spike that was going to get us to a penny will now get us back to even= 40,...
It's the same court that we paid lawyers to go to because Matt felt it wasn't worth a bother to go to,
the same court & date a dismissal could've/should've been ruled on,
so he could proceed to close the biggest deal in his company's history, the one that could've/would've/should've gotten the pps to .01-.02, (not the .002's we are currently at),
You mean last Firday @ 9:30am, when a judge is suppose to rule the end of a case, (either way), some para-legal hasn't infromed thier client the ruling of the most important case,
you know, the one at current pre-r/s now 100-1 levels that'll uplist us, the whole extra money to be spent special meeting of the shareholders r/s thing,
hasn't even tweeted a client that,
"dude, this is so what happened", no
you are so there or,
you are so screwed,
no text, tweet, fb, e-mail, voice mail, carrier pigon, smoke signal, 2 tin cans & a piece of string about how it went & all???
Like, dude, bummer man, that's like bogus & all,
I'd be peeved if all my beer money was in sumthing like, you know,
that.
No word yet???,....
Nice tune, I'm playing it as I speak/write
Cheers
Hi all, new here in @ 39,
(ya,....bought a hipe= screwed),
(you've bought there, sold that, so what),
so,.....
What's the story here?
I've done enough DD that I don't need to read the,
intro mess,
or the stickey's,
in other word's,...I miss a penny spike & now I might be stuck,
but, it may not be such bad thing,...if one holds tight on this,
(sorry all, coming off on a bad foot here),
My other board has no sence of humor,....
Hoss, your avitar, "freaks me out",
can't read your posts dude.
I proposed a few questions to be answered before the shareholders meeting,
would like to address these @ the meeting;
1. what % of the new a/s will be used as options?,
(it's not if any will be used but rather how much & when),
2. what basis will be used to determine that number?,
3. will the shareholders have any say when that is to be awarded?,
(& the biggie),
4. why should the shareholders authorize such a large increase in the a/s when you can't answer my questions & concerns directly"?,
(one last question),
5. I ask again, why should the shareholders authorize such a large increase in the a/s when you can't answer my last question & directly address my concerns?
Perhaps a refresher for some seem yet confused;
He says one thing & does the other,
he's looking out for somebody,
just trying to answer holter's two questions w/a third,
"Is Matt working for them"?,
yet to be seen.
I guess my joke about said picture,
tring to piece together his words w/his actions of late
& who's interest he's looking out for,
Cheers