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JMJ Financial is INACTIVE or INVOLUNTARILY/ADMINISTRATIVELY DISSOLVED in Florida listed by the Florida Secretary Of State.
JMJ is incorporated in Florida. This SEC filed CBAI document was notarized by Kelly C. Mason Notary Public State Of Florida.
http://www.sec.gov/Archives/edgar/data/1289496/000135448810003655/cbai_ex1009.htm
Why is CBAI's lender inactive in their home state of Florida? 5 JMJ Financial's are listed and ALL are inactive:
J.M.J. FINANCIAL CORP. Filing Information
Document Number K65533
FEI/EIN Number 650104341
Date Filed 02/14/1989
State FL
Status INACTIVE
Last Event ADMIN DISSOLUTION FOR ANNUAL REPORT
Event Date Filed 10/16/1998
Event Effective Date NONE
JMJ FINANCIAL, LLC Filing Information
Document Number L07000061470
FEI/EIN Number NONE
Date Filed 06/11/2007
State FL
Status INACTIVE
Effective Date 06/11/2007
Last Event ADMIN DISSOLUTION FOR ANNUAL REPORT
Event Date Filed 09/26/2008
Event Effective Date NONE
JMJ FINANCIAL SERVICES, INC. Filing Information
Document Number 593237
FEI/EIN Number 591866465
Date Filed 11/14/1978
State FL
Status INACTIVE
Last Event INVOLUNTARILY DISSOLVED
Event Date Filed 11/16/1987
Event Effective Date NONE
JMJ FINANCIAL ENTERPRISES INC. Filing Information
Document Number P02000023383
FEI/EIN Number 030395079
Date Filed 02/26/2002
State FL
Status INACTIVE
Last Event ADMIN DISSOLUTION FOR ANNUAL REPORT
Event Date Filed 09/16/2005
Event Effective Date NONE
JMJ FINANCIAL GROUP LLC Filing Information
Document Number L07000115922
FEI/EIN Number NONE
Date Filed 11/16/2007
State FL
Status INACTIVE
Effective Date 11/11/2007
Last Event ADMIN DISSOLUTION FOR ANNUAL REPORT
Event Date Filed 09/26/2008
Event Effective Date NONE
http://www.sunbiz.org/scripts/cornamelis.exe?action=NAMFWD&action_dir=F&names_comp_name=JMJFIBERGLASS&names_cor_number=K80437&names_name_ind=N&names_seq_number=0000&names_filing_type=DOMP&sunbiz_language_type=(NULL)
Has CCEL said they were up for sale or looking to be merged?
Mmmmmmm NOPE! Nothing in their recently filed 10-K saying nothing of the sort.
Don't compensated Third Parties to CBAI have to disclose their compensated status or be subject to SEC penalties?
What is an IRP?
IRPs are iHub Members considered to be an Investor Relations Professional. IRPs are professional businesspersons providing investor awareness, investor relations, or any other compensated promotional service or activity relating to a publicly traded stock. IRPs may be compensated by either the public company or some other interested party to provide those services, and include persons who are contracted by other IRPs. iHub considers Members who make posts (both public and private) subject to Section 17(b) of the Securities Act of 1933 to be an IRP. The relevant text of Rule 17(b) is as follows:
It shall be unlawful for any person, by the use of any means or instruments of transportation or communication in interstate commerce or by the use of the mails, to publish, give publicity to, or circulate any notice, circular, advertisement, newspaper, article, letter, investment service, or communication which, though not purporting to offer a security for sale, describes such security for a consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof.
http://investorshub.advfn.com/boards/AboutIRPs.aspx
Is CBAI having trouble making it's payroll?
Are CBAI payroll checks bouncing due to non sufficient funds at the bank?
Are CBAI employees being paid in cash (payroll check) or shares?
When will the Depository Trust's SANCTIONS against CBAI be lifted?
Whereas, with respect to the current tranche of the Shares purchased by Tangiers under the Agreement, because of a "chill" placed on new issuance of shares of Cord by Depository Trust Corporation ("DTC"), such Shares although registered, have not been allowed to be placed into DWAC, thereby precluding or making difficult and time consuming their sale into the public market; and
Whereas, it is possible that additional issuances of the Shares in the near term by Cord will have a similar impediment, until this "chill" is lifted; and
Whereas, the price of Cord's Common Stock may go up or may go down between the date of delivery of Shares by Cord to Tangiers, and the date on which such "chill" is lifted, permitting Tangiers to effectively sell the Shares into the public market
http://www.sec.gov/Archives/edgar/data/1289496/000135448811000908/cbai_ex4iii.htm
Whereas, Cord Blood America, Inc. (the "Company") entered into certain Convertible Promissory Notes Document B-12172009b, Document B-03012010a-b, and Document B011192010a-c (the "Notes") issued by Cord Blood America, Inc. as obligor, with JMJ Financial (JMJ) and its Principal or its Assignees as Lender (the "Holder" or "Investor"), with provisions whereby Holder can convert the principle amount into the Company's Common Stock (the "Conversion Shares"); and
Whereas, with respect to the Holder's most recent conversion of debt into the Shares, because of a "chill" placed on deposits and DWACs by Depository Trust & Clearing Corporation ("DTC"), such Shares have not been allowed to be placed into the Automated System for Deposits and Withdrawals of securities and have not been allowed to be transferred to Holder by DWAC, thereby precluding or making difficult and time consuming their sale into the public market; and
Whereas, it is possible that additional issuances of the Shares in the near term by the Company to Holder, upon Holder future conversions of the Notes, will have a similar impediment, until this "chill" is lifted
http://www.sec.gov/Archives/edgar/data/1289496/000135448811000908/cbai_ex4iv.htm
"at a discount rate as consistent with its other BCBS licensee contracts."
Looks like all CBAI is doing is lowering their price rate to keep pace with the other BCBC licensee price rates.
Nothing fantastic has happened just more CBAI fluff.
CBAI share sellers are dumping as fast as they can.
On 3/10/11 CBAI's O/S was 6,815,676,764 and folks are watching closely to see if CBAI tries to dilute more than their 6,950,000,000 maximum limit.
The 8-K released on the Phantom Company purchase with the Phantom Investment Bankers and the Phantom $30M resulted in a pump and dump that yielded a flat PPS and very possible red close.
Why would anybody be interested in a buyout of CBAI?
Since inception, CBAI has done nothing but max out it's authorized shares limit and proven it can't turn a profit. All Matt has done is pay bills and generate an income for himself and his wife by selling shares and that's it.
With the Depository Trust "chill" on CBAI's shares a wholeheartedly agree with you that bankruptcy is on the horizon. Forget about CCMEX it's over.
WOW! 14,000,000 shares dumped in 1 minute with 7,000,000 dumped below the bid!
I'm curious as to what heinous circumstances Matt put CBAI in for a "CHILL" to be imposed in the first place. Matt is the CEO and it all rests in his lap.
"DTC applies certain transaction restrictions in the normal course of processing. For instance, DTC chills physical deposits and WTs for Book-Entry Only (BEO) securities. DTC may need to temporarily chill physical WTs if notified by the transfer agent that it is temporarily out of blank certificates. If DTC learns that the issuer no longer has a designated transfer agent (i.e., the security is non-transferable), DTC will chill WT transactions. At times, non-transferable issues may have certain deposit restrictions as well; only participants subscribing to DTC’s “non-transferable” programs may avail themselves of these services if an issue is designated non-transferable.
During certain reorganizations, redemptions and maturities, DTC will chill the security for book entry activities to ‘close the books’ with the transfer agent in order to stabilize positions while the event is occurring. This may cause NSCC to exit the security from CNS eligibility. In a limited number of cases where a Money Market Instruments (MMI) issuer defaults, all MMI securities associated with the issuer are chilled for all future MMI issuances and maturities.
DTC will place certain restrictions on Limited Eligibility securities, which are not freely transferable or otherwise not eligible for the full range of DTC services. (Participants must subscribe to DTC’s Custody program in order to avail themselves of Custody services.) In addition, Participants can only transact book entry deliveries with certain Canadian securities which are not registered with the SEC, but are part of the DTC Canadian Dollar Settlement Service.
From a legal and regulatory perspective, securities that are subject to sanctions imposed by the Office of Foreign Assets Control (OFAC), for example Cuban Bonds are globally locked. Restrictions may also be placed on securities in situations where DTC has been informed by the issuer or its agent, regulators or law enforcement, or has other compliance concerns that its Cede & Co certificate inventory has been compromised due to unauthorized, altered, fraudulent or counterfeit share issuance. If DTC reasonably suspects that all or a portion of its street name holdings are not fungible and freely transferable, it may decide to chill one or more of its services as it deems appropriate."
http://www.dtcc.com/downloads/legal/imp_notices/2010/dtcc/z0025.pdf
Agree, a DTC "CHILL" is pretty serious stuff. SEC sanctions or investigation next? Looks like something "big" is going on.
What "issues" prompted the DTC's "CHILL" (freeze) of CBAI's shares?
OH NO! The DTC has placed a CHILL on CBAI shares!!!!
What Does Chill Mean?
Special restrictions that can be placed on a given security by the Depository Trust Company (DTC). Chill restrictions are intended to limit the potential for problems within the financial marketplace, and can be placed on a security for various reasons.
Investopedia explains Chill
Owned by many financial companies including the New York Stock Exchange (NYSE), the DTC acts as a clearinghouse for stock exchange securities, settling trades in corporate and municipal securities. If the DTC has cause to be concerned about a specific security currently processed through its system, it may place a "chill" status on the security. This will restrict brokerages' ability to transfer the shares or units of the security through DTC until the security's issues are cleared up or it ceases trading on the market.
CBAI only has 134,323,236 shares remaining (as of 3/10/11 and likely LESS than than as of today 3/17/11).
Looks like they will run out of shares to dump BEFORE the 4/21/11 vote.
Shelter Island LLC still wants their $265,067 monthly payment. Looks like CBAI will be in default on their payment before a RS and share increase is approved.
WOW! 96,043,756 shares of DILUTION in 9 calendar days!
Average of more than 13,000,000 shares per day CBAI is dumped into the market in 7 trading days!
Is CBAI trading at 2 cents yet?
Mmmmmmmmm Nope!
WRONG AGAIN!
0021's hit with MM's lining up in the 001's!
Another desperation PR from CBAI coming soon?
Why hasn't the DEF 14A been filed? Did somebody threaten to sue CBAI when it is filed?
WOW! WHO dumped 3,287,855 at .0023?
Looks like somebody is liquidating as fast as they can!
CBAI's share price is the bottom line here and is struggling in the low 2's and from the looks of things, 1's pretty soon. Somebody seems none to confident in this stock by dumping 5,000,000 to 6,000,000 share blocks in a single trade. Yep, there's a buyer for every seller, we know it, same as there was a buyer for every seller in the 4's and we see how that turned out.
CBAI share price will ALWAYS trump any message board "statements". CBAI share price is creeping lower and lower.
So far as the CCEL and MEX agreement is concerned, I haven't read anything posted here with at least that much information of the original document.
Post proof of CCMEX being profitable to prove CBAI's attempted purchase to buy CCMEX will automatically make CBAI profitable. Don't forget to post the links too.
Mmmm Nope, CCEL and CCMEX's original agreement:
(CCEL could probably care less if CCMEX is profitable or not as long as CCEL gets thier royalty payments, again, where's the proof CCMEX is profitable?)
"On June 13, 2001, the Company entered into an agreement for the exclusive license to market the Company's U-Cord program. The license allows CRYO-CELL de Mexico to directly market and operate the U-Cord program throughout Mexico and Central America. The total cost of the license is $900,000 and the licensing fees are 10.5% to 18% of adjusted U-Cord processing and storage revenues to be generated in Mexico and Central America. Per the agreement CRYO-CELL de Mexico will purchase 100,000 warrants at $1.00 each giving them the right to purchase 100,000 shares of the Company's common stock at an exercise price of $8.00 per share. In June 2001 an initial deposit of $100,000 was received. The remainder of the payments is due to be paid in three installments over a two-year period."
http://www.sec.gov/Archives/edgar/data/862692/000102140801503399/d10qsb.txt
What CCMEX profits? Prove CCMEX is profitable by posting their most recent balance sheet and post the link that locates the balance sheet.
CBAI STILL WOULD NOT BE PROFITABLE even if you added CCEL's recorded royalties from Cryo-Cell de Mexico in the amount of approximately $837,000 for the year ended November 30, 2010.
For the 3 month period ending September 30,2010 CBAI's Net Loss was $1,876,757, subtract $837,000 (the amount CCEL pulled in from Mexico for the entire year) and CBAI would still have a $1,039,757 Net Loss for the quarter.
Mmmmm Nope, CCEL recorded royalties from Cryo-Cell de Mexico in the amount of approximately $837,000 for the year ended November 30, 2010. Substarct that amount from CCEL's Net Income for the period ending November 30, 2010 of $3,410,661 and CCEL is still profitable.
TEMPORARY INJUNCTION GRANTED!
Will likely be the next entry on the Pinellas Docket.
Good Point! Large shareholders (non retail) are jumping ship if indeed you are correct. Makes sense!
27% of today's 46.7m share volume were DUMPS BELOW THE POSTED BID at .0022.
What's going on? Who is so anxious to get out and why?
WOW! Another huge block of 6,500,000 shares dumped at .0022!
Looks like bad news in court today for the CBAI camp!
Either the Temporary Injunction was granted or CBAI and CCMEX dissolved their LOI permanently is my guess.
WHY all the dumping? 6m shares at .0022 dumped in a single trade and another 10m shares dumped within a minute or two!
Looks like the court case didn't go very well for CBAI this morning.
:P
Has Matt been proven as a CEO that can make money other than selling shares?
Mmmmmmmmm Nope!
CBAI had 90 days to complete their due diligence, Matt admitted they did not. CBAI had 90 days to cough up $14,000,000, Matt admitted they did not. CBAI had 90 days to raise the A/S, CBAI did not raised their A/S to the appropriate level. It's over.
The LOI expired 3/3/11.
There is no 8-K/A filing stating there is an extention to the expiration date
That 500-1 PR was a good smoke screen for insiders to dump Imo. The upcoming 10-K will confirm it if indeed true.
Mmmmm Nope, CBAI won't meet the NYSE listing critieria with a 100:1 RS let alone the financial requirements:
NYSE Listing Standards
U.S. Standards | Non-U.S. Standards | Fees | Continued Listing Standards | Noncompliant Issuers | Filing Status
Domestic listing requirements call for minimum distribution of a company's shares within the United States as well as minimum financial criteria. Distribution of shares can be attained through U.S. public offerings, acquisitions made in the U.S., or by other similar means.
This chart is to be used for an initial evaluation only. For a more complete discussion of the minimum numerical standards applicable to U.S. companies, see Section 102.00 of the Listed Company Manual.
Distribution & Size Criteria
Must meet all 3 of the following:
Round-lot Holders (a) 400 U.S.
Public Shares (b) 1,100,000 outstanding
Market Value of Public Shares (b,c):
IPOs, Spin-offs, Carve-outs, Affiliates
All Other Listings
$40 million
$100 million
Stock Price Criteria
All issuers must have a $4 stock price at the time of listing
Financial Criteria
Must meet 1 of the following standards:
Alternative #1 - Earnings Test
Aggregate pre-tax income for the last 3 years (d) $10 million
Minimum in each of the 2 most recent years
Third year must be positive $2 million
OR
Aggregate pre-tax income for the last 3 years (d)
$12 million
Minimum in the most recent year $5 million
Minimum in the next most recent year $2 million
Alternative #2a - Valuation with Cash Flow
Global Market Capitalization (f) $500 million
Revenues (most recent 12-month period) $100 million
Adjusted Cash Flow:
Aggregate for the last 3 years
All 3 years must be positive $25 million
Alternative #2b - Pure Valuation with Revenues
Global Market Capitalization (f) $750 million
Revenues (most recent fiscal year) $75 million
Alternative #3 - Affiliated Company
For new entities with a parent or affiliated company listed on the NYSE
Global Market Capitalization (f) $500 million
Operating History 12 months
Parent or affiliate is a listed company in good standing
Company's parent or affiliated company retains control of the entity or is under common control with the entity
Alternative #4 - Assets and Equity
Global Market Capitalization (f) $150 million
Total Assets $75 million
Stockholders' Equity $50 million
REITs
Stockholders' Equity (b) $60 million
Funds and BDCs
Net Assets (b) $60 million
SPACs
The Exchange will consider on a case-by-case basis, the appropriateness for listing of acquisition companies with no prior operating history that conduct an initial public offering if the following criteria are met:
Proceeds held in trust upon IPO 90%
Fair Market Value of Acquisitions 80% of net assets
Aggregate Market Value $250 million
Market Value of Public Shares $200 million
(a) The number of beneficial holders of stock held in "street name" will be considered in addition to the holders of record. The Exchange will make any necessary check of such holdings that are in the name of Exchange member organizations.
(b) In connection with initial public offerings, spin-offs and carve-outs the NYSE will accept an undertaking from the company's underwriter to ensure that the offering will meet or exceed the NYSE's standards.
(c) If a company either has a significant concentration of stock or changing market forces have adversely impacted the public market value of a company that otherwise would qualify for an Exchange listing, such that its public market value is no more than 10 percent below the minimum, the Exchange will consider stockholders' equity of $60 million or $100 million, as applicable, as an alternate measure of size.
(d) Pre-tax income is adjusted for various items as defined in Section 102.01C of the NYSE Listed Company Manual.
(e) Represents net cash provided by operating activities excluding the changes in working capital or in operating assets and liabilities, as adjusted for various items as defined in Section 102.01C of the NYSE Listed Company Manual.
(f) Global market capitalization for already existing public companies is represented by the most recent three months of trading history in the case of Pure Valuation with Revenues. For all other standards, the measurement is "point in time" for existing public companies. For IPOs, spin-offs and carve-outs, it is represented by the valuation of the company as represented by, in the case of a spin-off, the distribution ratio as priced, or, in the case of an IPO/carve-out, the as-priced offering in relation to the total company's capitalization.
Additional Considerations
In addition to meeting the minimum numerical standards listed above, there are other factors which must necessarily be considered. The company must be a going concern or be the successor to a going concern.
The Exchange has broad discretion regarding the listing of a company. The Exchange is committed to list only those companies that are suited for auction market trading and that have attained the status of being eligible for trading on the Exchange. Thus, the Exchange may deny listing or apply additional or more stringent criteria based on any event, condition, or circumstance that makes the listing of the company inadvisable or unwarranted in the opinion of the Exchange. Such determination can be made even if the company meets the standards set forth above.
http://www.nyse.com/regulation/nyse/1147474807344.html
Why the need for the RS and the immediate dilution if "Big Players in CHINA" are involved? It doesn't make much sense.
The market is watching shares being heavily dumped at a desperate pace, 400,000,000 share dilution in less than a month from 2/7/11 to 3/1/11 and shareholders are learning that the value of their shares are staedily going down the drain.
No $14,000,000 loan, No 8-K/A filing amending or saying the 12/3/10 LOI has been extended (it offically expired 3/3/11 as per the terms of the signed and executed agreement), no proof whatsoever of purchasing CCMEX.
Oh! Now I get it! A photograph magically translates into millions of dollars and solves all of CBAI's problems. No signed contracts or checks for millions of dollars written out to CBAI needed, just a photograph! GO CBAI!
Where's the money coming from to buy CCMEX?