Retired CFO
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I believe you will get many of your questions answered soon. Matt clearly signaled a big acquisition is coming and soon. And lately he is talking a lot about CBAI's world status. I take that as another signal we're soon moving way up the food chain. For a small business the fastest way to get to cash flow positive and profitability is to buy your way there. I think he has found a money source and will use that to buy someone already significant. I have no clue who though. CBR is a private company. Are they for sale? What we need to know is who are the major world players #1 thru #5. It has to be one of those players that is on our radar.
Matt has always said he wouldn't try to move up to the big board until he was profitable. So the fact he is now suggesting that move means he clearly expects to land a big fish that will instantly make us profitable and move us up into the top 5 worldwide. We know the Biocells deal is close to closing. And the China Stem Cell sub has yet to be announced. I like our chances to have a major share price move soon. And based on Matt's confidence in his recent posting it could come any time between now and year-end. A reverse split doesn't get us on the big board unless we have a very significant share price increase before the split. I'm thinking Matt is thinking we get that big move with the coming announcement.
Below is what another company I owned said was there reason for doing a reverse split. Contrary to what most investors think, after the split the company share price tripled. I expect us to get a big move up in share price to at least .05 this year, and then get another big bump next year when we move up to the big board. But before that the share holders will get to vote on the move.
Board Approves Reverse Stock Split
On July 20, 2009, the Board of Directors of the Company authorized a reverse split of its common stock at a ratio of one for six, effective August 14, 2009. The company's stockholders previously approved the reverse split in September 2008. The reason to proceed with the reverse split is to broaden the range of institutions that can invest in the company's stock, increase analyst and broker interest, potentially reduce stock price volatility, reduce the number of outstanding shares and to reduce the risk of Nasdaq delisting.
Have you noticed that Matt has now said twice we're #8 in the World? Why do you think he is all of a sudden talking about World status?????.
I would say we're on the beginning of very good luck.
I think Oilmansays will be back soon. Won't that be fun. LOL
I need the weekend to write it.
Locks, that might very well be the name of our new stem cell sub in China. Sounds good to me. Or the shell CBAI is going to wash the royalties thru here in the US.
All have a great weekend. Monday I'm going to post exactly what I think is going to happen with CBAI. Some things some people won't like. But the bottom line is we're all going to make a lot of money sometime between now and the end of the year if I'm right. And even more next year.
I was thinking close to year-end. Now I'm thinking sooner.
You have no clue how many shares that stock has outstanding. It's a non-reporting pinkie with a stop sign.
It seems to be just the typical craziness of Pink Sheets. The stock has a big stop sign. Zero reporting. It's doing much like Sponge did that one day. Short it if you can. CBAI might resemble a rocket ship when Matt announces the huge deal he has exposed to investors on Facebook. Stay tuned.
A quote from Matt on Facebook last night.
Matt Schissler "Thus, what is of supreme importance in war is to attack the enemy's strategy." - Sun Tzu
Morning all. First off Matt is not one to make idle statements. I have no clue what he has planned but I don't doubt for a minute it's going to happen. Timing is the one thing I'm not sure of right now. I say by the end of this year but it could be anytime really. With all of this remember he said profitability was the key objective. So have no doubt when this gets done we magically are all of a sudden profitable. I'll stick with my prediction we're profitable by the end of this year, not next year. Stay tuned.
I agree. And by the way, he mentioned again he wanted to be the largest storage company in the world and most significant. Both. This is going to get interesting soon.
My favorite quote of the day.
2. create an earth shaking event that affects our cap structure
This has nothing to do with Biocells. Biocells should be announced on the 31st or 1st. More likely the 1st. Matt is talking major news not little news. But remember, major moves take time. I can wait.
I think it's clear Matt is feeling pretty confident about making a major move soon. Very confident. I like.
Me too. And I honestly think in time we will be. Maybe not fast enough for CBAINotWaiting, but sooner than most believe I think. Good things are coming to those that wait. Nite nite.
Like I said, we can agree on that.
I'm un homme de cric moi-même
I could tell you but then I would have to shoot you. Stay tuned if you choose to keep your shares with such a negative vibe towards the company.
You have made your concern regarding the options many times. I'm just saying nobody on this Board other than you keeps making it a problem. I was very disappointed in the 2Q numbers. And Matt knows that. He is too. But I still think this company will succeed or I wouldn't still be here. And since Matt is in total control, I choose to believe in him or I would sell. As for the shares, it couldn't be helped. He had to pay off the debt to stay in business and allow himself the chance to make this company into something. I still believe in him and Joe and also believe we will be profitable soon. Maybe sooner than you think.
Did you really think that other CBAI company was ours? Suggest you read up on our CBAI before you criticize others for not posting an unrelated company comment quicker.
You sure have it in for Matt don't you? Over and over and over again on the shares going to Matt, Joe, etc. Well the simple (and I say simple for you) truth is, every person on this Board that is still holding this stock is betting it all on Matt's ability to make this company profitable with a good return to shareholders. If you don't believe in Matt and company, give it up and sell all those shares you claim to own. That's my two cents on your rants.
No way I'll take that bet but I'll bet you we're profitable by year-end or very close to it (by March, 2011). And when we are it will be announced.
We go very BIG by year-end.
LOL. I was expecting you to post a Hotel. LMAO
Well if you're around long enough I think you will be saying WOW. I will be.
CBAI Waiting, everyone is frustrated at the lack of movement. But try understanding it this way cause it's a fact. Matt started building a house. Now it's turning into a massive hotel. And it's still not complete. When it's complete, then we start making money. I think it will be close to complete by the end of this year or maybe a little longer. And when it is complete, it will be larger than most even thought possible. Have some faith in Matt cause he's smarter than us IMO.
I bet those seagulls pooped on the tracks before getting out of there. Similar to our seagulls.
Yes. It's in bankrupcy so the process is slower. I expect more of these over the coming months/years. Without your own facility the numbers are hard to come by.
Yep. First I heard of it.
Months back Matt went to Chicago so we thought maybe there was something up with Vivicells because that was the only cord blood company we could find there. So a few of us bought some of there stock. I did too but sold shortly afterwards. I think this is an example of us buying inventory of a cord blood company having financial problems. I expect more of this in the future. A lot of small players out there.
LOL. I did too but sold.
At $952K of revenue not great. Clearly missed his goal. I have to believe there was some kind of write down or something. Matt states something impacted it in his statement below. The GP% went up to 58% which is 8 points better than the first quarter.
"There are many components that affect our financials, and we believe that the numbers for the next four quarters will be dynamic, especially when compared to the previous year. We are encouraged in the increase in sales and gross profit, along with decrease in net loss. The company believes that the combination of organic growth and acquisitions, along with a diversified revenue stream, positions it well for the future," Mr. Schissler concluded.
On Etrade I'm showing the bid/ask at .03/.04 and the actual at .05. But I'm showing no trades. Are you showing different numbers?
I think he's a Myth.
The E has been removed. But it doesn't appear to be trading yet?
No, I don't. Not sure what that could be other than I speculated once it could have to do with the new China sub going public. If I was guessing I would guess that. And I do think that China sub would be a good investment depending on the share price when it comes out.
Yes but 3Q07 had revenue other than cord blood. The cord blood revenue was a little over $1.2M. Rain, etc accounted for the rest.
And even more so if they were Afford-A-Cord sales since we get less upfront and more in the annuity payments.