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That's about all one can do now,
at least there's movement; +- .003 that one could add
100k here & there.
With the court date moved to 3-11 &,
LOI due on 3-3, I see another drop coming,
not so much that the LOI won't go through,
they'll just extend the date past the 11th.
This case is the reverse of, "buy the rumor, sell the news", it's,
"sell the rumor, buy the news".
Add to the fact that the mm's are now testing 25,...
Cheers
Seems the mm's are thinking the same way,
by the way thier slamming this down.
I see the r/s happening anyway if the Mex doesn't happen by end of April,
he's still in talks w/2 other company's & will probably need some $$$ and,
is more then likely to sit down w/CCEL for a third time over either,
getting Mex or an all out buyout.
Cheers
Strategic Investor, as oppose to little Mom-n-Pop
trying to build a little better life for the Little-Happy-Family?
You know them, the ones that built this company to where it's at, a quarter or two away from a green Q.
At least give most here a chance to reap some dead monies.
My kids are going to have to flunk a grade or two before collage
just for many here to break even.
We went from this;
to this;
because of this;
"WHAT ITEMS WILL BE VOTED UPON AT THE SPECIAL MEETING?"
At the special meeting and any adjournment or adjournments of the special meeting, our shareholders will be asked:
(1) to consider and act upon a proposal to approve an amendment to the Amended and Restated Articles of Incorporation of Cord Blood America, Inc. to effect a reverse stock split of all of the outstanding shares of Common Stock of the Company at a ratio of 1 new or post split Common Share for each 500 outstanding pre reverse Common Shares, (the Reverse Split);
and assuming the Reverse Split is adopted by the shareholders;
2) to consider and act upon a proposal to change the number of authorized shares of Capital Stock of the Company to 100,000,000 Capital Shares, concurrent with the Reverse Split, of which 5,000,000 shares shall be Preferred Stock, having a par value $0.0001 per share, and 95,000,000 shares shall be Common Stock, having a par value $0.0001 per share.
pg. 2
14A;
http://sec.gov/Archives/edgar/data/1289496/000135448811000407/cbai_pre14a.htm
At least give the current shareholders a shot @ some of those Preferred Stock.
Throw a dog a bone at least,
not thrown under a bus or,
a dump truck I mean.
Vote yes on R/S, No on another 700% increase of O/S.
The r/s it's self is nothing, needs to be done anyway,
it's the another 700% increase that's the killer here.
It's the "just about set to profit" & a little gift for the
current shareholders here that got this company to here it's at,
one quarter away from the first profit.
BTY, funny how the mm's are holding this down in the 30's & not in the 40's where a r/s would put us @ $2, the min for an uplist.
Go CBAI
To the Moon!!!
(network problems, sorry).
We dropped 25%,
40-30 but, holding 30 as of late.
Most I feel are waiting for Friday's court outcome.
Like me, it's a sham but, anything can happen w/courts, that's what is making this a big thing lately,
it is a big deal & CCEL knows it,
which is probably why CBAI is holding on to only a 25% lose right now, what's going to happen......
It'll be very interesting how it trades 12pmPST,
after the vote.
The mm's have pretty much said, "30" hold,
haven't seen anything to make me believe they'll let it go back up to 40,
every 33 hit gets spanked down to 29-30,
just like every hit to 42-43 got slapped down to 40 the next day.
Every decent PR that saw a 2-3 tick up got met w/a series of 5k dumps @ 39-40 to keep it from a little run.
I don't blame Matt from wanting to get back control of that kind of minipultion.
Cheers
Odds are pretty much guaranteed it's going through &
in the long run,
the best for the company.
A lot of variables,...oh yes there are,
I guess it depends on ones time frame ie;
having money to "forget" about for 3-5+ years,
seeing a few "trader" plays,
having "some money" to forget about yet wanting "some monies"
to trade with, etc.
Like you, I saw a pop w/a positive quad coming July 14,
(2nd quad ending June), great time for a better
little-happy-family-vacation,...
I'll be lucky to have some of my 5'5", 135lbs of, but
left this summer.
Cheers
Wow, getting on the hard-side as of late,
yes it's been a little bumpy lately, going to get worse & don't short that.
We're all in this together one way or another,
just trying to build better lives for our families.
I know we're all just trying to find the best way through these up-&-coming-times & find the best way through it all
to be ahead in the end.
I for one just saw a better vacation vanish this summer,
(perhaps I'll have a vacation home instead in 3-5+ years),....
doesn't help me this summer but,
it was always a spec play in the first place.
Cheers
Glad all that work wasn't pointed @ me,
on a Sun,
middle of a 3 day weekend,...
(I'll finish it after my "honey-do-list"),
here, it's called the "you-going-to-do-anything-list".
Go CBAI
To the MOON!!!
For those on a 3 day weekend,
CHEERS
StLXer, I feel the pain
This was always a 3-5+ year play anyway
In the end, I believe we'll come out more than ahead,
for now, I'm just trying to get my breath back from the sucker punch I just got,
@ least the end-of-round-bell rung to give me a chance to fight the next round.
Cheers
That's what I've been dwelling on as of late.
Now that things are "just starting" to come together,
(he did mention in the 14A that the new share count would prevent someone from gainning a controlling interest),
that he wants the share count high enough as to always know he has 51+% in storage to prevent some semi-big pharma from taking it away,
(maybe he wants to buy said semi-big pharma),...
Perhaps in a few years, retire a portion of said shares yet, still have the magic "51" in storage.
It'd be nice if he rewarded those who suffered the few years for him to grow this company with a positive quarter or two,
(pull some profits, turn loose some "dead" that's been sitting for over a year, etc),
before the punch-in-the-belly we're going through at the moment.
Go CBAI,
To the Moon!!!
Cheers
Anybody going to be there in person?
I for one am still playing it by ear,
a reason to visit some family perhaps.
Cheers
My concern & if I read StLXer correctly,
it's not the split itself, 500, 100, etc,
it's the increase in shares that's the killer here.
In pre-split terms;
6.950b becomes 50b=
13.9m becomes 100m
post split,
"However, the change in the number of authorized of shares of capital stock in connection with the Reverse Split from 6,950,000,000 shares to 100,000,000, will give the Company an additional 86,100,000 common shares which are authorized but unissued after the reverse split,"
pg 9,
14A,
http://sec.gov/Archives/edgar/data/1289496/000135448811000407/cbai_pre14a.htm
Waiting for the third & final buy out offer, play the buy out spike & then they invest in CBAI.
Cheers
Shareholders will own a smaller percentage,
A 500-1= 13.9m shares,
then he wants to add another 86.1m= 700% increase.
A current ownership of 70% has been tossed around so,
we go from a current 70% to; 13.9% of 70%.
"if the authorized Capital stock were reduced proportionally to the Reverse Split so as to provide only 13,900,000 authorized shares, (6.950b/500= 13.9m),
"However, the change in the number of authorized of shares of capital stock in connection with the Reverse Split from 6,950,000,000 shares to 100,000,000, will give the Company an additional 86,100,000 common shares which are authorized but unissued after the reverse split",
pg. 8-9,
http://sec.gov/Archives/edgar/data/1289496/000135448811000407/cbai_pre14a.htm
We drop from 70% ownership to 13.9% of 70% & increase share count over 700%= 6.9b to 50b shares,
6.950b/500= 13.9m for a straight 500-1 split but,
he wants to add another 86.1m or 43b more shares,
that's the second vote to which I say,
"heck no".
As I stated before,
we had to do this to get C-Mex;
ITEM 1.01 Entry into a Material Definitive Agreement
-A second material condition is that Cord Blood immediately amend its Articles of Incorporation so as to create sufficient authorized but unissued shares sufficient to provide the ability to issue new shares for the new capital required by it to complete the transaction.
As per LOI;
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7282171
"Authorized but unissued" shares, where have I heard that before,...
"will give the Company an additional 86,100,000 common shares which are authorized but unissued after the reverse split",
SCHEDULE 14A, pg. 8-9;
http://sec.gov/Archives/edgar/data/1289496/000135448810003802/cbai_8k.htm
Once again, why does he want to increase the shares so much?
Perhaps this;
"shares of stock could be issued by the Company so as to dilute the stock ownership or voting rights of persons seeking to obtain control of the Company."= a hostile take over bid.
Perhaps he just wants to keep 50.1%= 50m shares locked away so that will never happen & have complete control of the company & the pps, (hard to screw w/the pps with only 13.9% of the shares out there os far).
He could just as well retire 50% of all the shares at a later time,
(that'd be a nice pps boost) & still control over 2/3rd's of all shares.
In the long run, this will probably be a good thing that happened,
I just see the clock getting re-set 2-3 years ie;
my daughters may have to flunk a grade or two so I can afford collage now.
Cheers
We had to do this to get C-Mex;
ITEM 1.01 Entry into a Material Definitive Agreement
-A second material condition is that Cord Blood immediately amend its Articles of Incorporation so as to create sufficient authorized but unissued shares sufficient to provide the ability to issue new shares for the new capital required by it to complete the transaction.
As per LOI;
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7282171
Authorized but unissued shares, where have I heard that before,...
"will give the Company an additional 86,100,000 common shares which are authorized but unissued after the reverse split",
SCHEDULE 14A, pg. 8-9;
http://sec.gov/Archives/edgar/data/1289496/000135448810003802/cbai_8k.htm
A buy back would not have satisfied this second material condition.
So, it's not that the r/s is the problem here,
as StLXer stated earier, it's the change of ownership that's the root of all this;
I'm sure I added to that two-hundered-twenty-three as of late
We knew it was coming;
ITEM 1.01 Entry into a Material Definitive Agreement
-A second material condition is that Cord Blood immediately amend its Articles of Incorporation so as to create sufficient authorized but unissued shares sufficient to provide the ability to issue new shares for the new capital required by it to complete the transaction.
As per LOI;
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7282171
Thanks for Q&A, I don't do Facebook & hear there's a discusion going on.
Cheers
Did Locks ever post the share count?,
just wondering how much controling interest the board has on a whole,
might give all a little insight to how this may play out.
Cheers
Perhaps Locks & Guru, w/the board's share count & survey can give us an idea on where the board stands???
Cheers
From vote-to-actual-r/s, how long does that usually take?,
next day, 2-4 weeks?
Last time I went through one of these, it was great to see my balance,
.30 to $4.00 in one day!!!
I had like $75,000,
until Scott updated my account a few days later.
Cheers
Thanks for the link.
I get Mon, the 14th for 45 days to file,
which seems to be the norm.
I'll rodger that, missed the day @ funeral,
Surprised we ended @ 33, the high after hitting 21 the first 50 min of the day.
I also see a number of strong buys mid-day @ 27-28.
33 @ 4pm.
Everybody eles has the close @ 32 @ 3:59.
It was probably just a last tick @ closing that got offically recorded after 4pm.
Trading did end on a climb, always a good thing,
AOL shows 33 in extended hours.
Wondering if we get back to 40 or are the MM's going to let it wallow @ 30 now?
How long from vote-to-actual r/s?,
the vote is on April 21;
how long til the votes are the tallied?, if "yes",
how long til the "actual" r/s happens, 30, 60 days?
Just trying to get a timeline here.
He gave us a 10 week heads-up here &
I'm pretty sure it'll take more than 2 weeks for the "actual" r/s to happen= 12+ weeks, (3 months) lead time.
I might be a little new to this "penny-stock" thing but,
I've watch others go though a r/s before & a 2 1/2 month heads-up is very unusual if ever done at all.
I am not saying I vote yes, nor I'll vote no,
(for all I know, I might not have a say by then),
do I like it= NO but,
I find it highly unusual for a 10 week lead time.
BTY, is the vote being held in Vagas?,
a 4 day weekend in Vagas to see Granny, an Aunt & family doesn't sound like a bad idea,...
Cheers
And by following Mon, LOI is signed,
that gives this pr split a chance to settle down for
CBMexI.
Timing is everything & to put this out a few days before
LOI or after would have been none-too-good.
That would've been a slap-in-the-face for the shareholders.
A little surprised about only 500-1= $2,
as oppose to 1000-1= $4.
Don't you have to hold $2 for a bit to keep the uplisting?
He has to know it'll drop 25-50% when it actaully happens.
Cheers
Not for long now,...
Thought we had a 4q due Feb. <14.
When does Vivi become a done deal?
Forgot that one.
Looking foward to what Matt says in the looking foward statement
when earnings come out Feb, <14.
Not worried about the numbers, (still in the red 4q & end of year) but, wondering if he'll leak any little hint of what's to come this year.
That could be the last "click" before the spring snaps.
Cheers
The coil is going to spring end Feb.
Here it is, CBAI Pie Recipe;
Ok, here is the CBAI recipe:
10 cups of due diligence, your own and not that of others unless verified of course.
1 cup of level 2
5 cups of money tightly wrapped in rubber bands, preferrably 100's
1 stockbroker or online trading account
1 good chart reader, preferable yourself
1 itchy finger
1 enter button on a laptop, iphone or pc.
In a large bowl mix the first 5 ingredients together before the opening bell.
Let the mixture rise in the bowl a little bit.
When the mixture has that smell of money rising to the top, hit the enter button with the itchy finger and make the purchase. After making the purchase let the mixture cook until it has reached your desired temperature, but don't overcook it.
Be sure and take a little of top and keep your core pie intact and you will have one of the best money pies you have ever made and it will last a long long time.
You asked for the recipe......lol
Cheers Guru