Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Totally understand the frustration Holter.
Definately the silence from management cant continue. I beleieve it is a major flaw in the strategy. I'm mad that almost to the point of Arrogance management refuses to address investors call for information.
That will bite management in the ass if the plan doesnt work out.
TRUST ME, There are retail investors that have been holding this stock for a very long time. As just investors, in a small group of peoples vision of a lucrative position in a changing world, in a technology that has the potential to extend and improve ALOT of lives in ways we couldn't have imagined in 1980. 30 short years ago. In all the things an individual could invest in ~ Farmland, Tobacco Companies,Hotels,Credit Default Swaps, I think we are invested in a very honorable endeavor. I for one am happy to support with hard earned dollars a building of an industry that may revolutionize human existence.
This being said I also expect a return on the contracts I have purchased. An individual share is really just a contract. Not really a financial contract as there is no gurantee of higher return of investment dollars, it rather an obligations contract. Meaning each individual share represents a legal obligation of the receiver (CBAI) ~ management to conduct themselves in away that seeks to enhance the obligation. The fudiciary duty. We no longer own our hard earn money, we gave it freely for the return of the obligation. That is ALL the retail investor is ever owed. He is never owed a higher return on the money freely given. The price of a share is simply preceived value of the obligation, liquidity is the demand for same.
Fiduciary Duty can be both a civil and criminal matter. ~ its means $/Time.
If there is not a larger strategic plan which has prompted managemnts action in recent months. Then the penalty for management is going to far out weigh any gains they have made over the last several years.
If Matt/managemts whole plan was to rip off retail investors for there own benefit. They will all be destroyed financially, and will go to jail criminally. Managment cannot transfer $45000 to a secondary company owned by the same management for a contract for services that has never been fulfilled, to a company not pursuing a profit. It ILLEGAL.
No one is going to pay $40.00 dollars a pop for a minnimum of 10 cakes, that each feed two people. Do you really think a person who has spent the last 10years in this industry and look at frozen ice cream as a potential more lucrative venture, with the price structue described above?
I don't hear Matt called stupid many times on this board, for him to "take the money and run" so to speak, would be insane. He would NEVER get away with it civily or criminally.
I believe their still is a bright future ahead for our investment. Since I first began investing in this company, I know 10 otehr invesotrs I personally have introduced to this stock. I can GURANTEE you, their resources are large enough and their fortitude is strong enough, if their were any managements violations of their share obligation to the holders of those obligations, that caused a lost investment, their would be a seeking of redress.
I think you are seeing the forest through the trees. THe US is 10 years behind the rest of the world regarding stem cells. You rightly highlighted and reminded invesotrs of the very deep relationship between CBAI (CorCell) and China Stem Cells. This relationship is only going to grow. Think brains meets money. With the understanding China is the money. We do share the same logo.
IDK the reasoning behind managements recent moves and silence. I am willing to give it time to bear fruit. With the understanding I am owed nothing for the obligations I hold, except the seller of the obligation has a duty to avoid an a conflict of interest which would put the holder of the obligation in a worse financial position. For this the die has already been cast.
Whether or not the come up snake eyes or sevens will be the difference between Benjamins or Justice.
Investors should keep an eye on the wholly grail ~ maximizing the retention of their currently held shares.
AIMHO GLTY/A
Then sell. Why continue to hold something you know is dead?
Take your loss, if you think it was from improprieties, then explore your legal options.
Matt used CBAI money to buy equipment in Illinois and ship it to China Stem Cells, where he is the President.
If you think all he did was scam you, there is your violation of fiduciary duty on a silver platter.
If you think you have been so wronged, do something about it.
GLTY/A
Good Job Holter,
In a liiitle while you will be glad you held your shares.
AIMHO GLTY/A
CBAI’s mission is to become the most respected, globally dominant stem cell storage company. CBAI is dedicated to becoming the industry leader, through both internal growth and accretive acquisitions, in the life-saving industry of storing stem cells including umbilical cord blood taken at the time of birth for the future.
Ok, thanks for clarifying.
GLTY
I agree it is a shame there seems to be a concealment of the fact surrounding the financial health of CBAI and the resignation of Matt.
Whatever is going on - if the silence doesnt result in a MAJOR positive leap forward-- INCLUDING an increasing and stablizing pps
Then this tactic may backfire on managment in a MAJOR way.
If the Q isnt filed today, if they can extended it to next Friday they may as the Market may be closed the following Monday.
I would loo for the filing at the end of the day today or next friday (if they can extend that long), so as no one can trade on the news.
Whats disturbing is the last time things played out similar was the split announcment.
Stock craaaassshed the 1st trading day after the announcement, no time to get out if people investors wanted to.
Lets hope history doesnt repeat itself
AIMHO GLTY/A
If all the nonsense is for a MAJOR POSITIVE LEAP Froward for CBAI. Then the confusion will be worth it. It will have to be MAJOR and will have to increase ans sustain the pps to a new level, if this is all for a minor change, then the compentence of management will be front and center.
If it is to lower the pps to make it more cost effective for an entity to purchase. That is a fuduciary concern, as management fiduciary duty is to protect current shareholders value, not entice potential investors at current investors expense.
If it is to forstall negative Market reaction to a BAD financial situation- then management will lose all its credibility and you can kiss the company and your investment goodbye. Investors will drop it like a hot potato.
If your a betting man- there is a 33% chance whats next will be positive for your investment. Not the best odds, but somethimes the longer the odds, the better the payday.
We sure are going to find out soon.
AIMHO GLTY/A
Im not convinced its a sudden management transition.
CEO resigned form FFGG in January. Matt resigned shorlty after the yealry, and an extension was filed the day the resignation was announced.
They have had 4 people in the office for 7 years.
I dont think Matt walked into Joe's office on Monday and said, " I cant take it anymore, I am a failure, I quit, BYE".
If Matt jumped at a better deal, who would hire him, if the financials are going to be as bad as people think? What success did he articulate to get hired for his new position.
Did he decide to devote his full attention to the Frozen Foods. $40.00 dollars for a cake to feed 1-3 people and you have to buy 10 of them.
Even if CBAI was about to go bankrupt- he surley would be in a better position to ride it into bankruptcy. There 20 billion auth shares in the FFG- what retail investoer is going to invest in that. Would be alot harder for Matt to articulate the big potential of frozed ice cream cakes vs the potential of human stem cells.
The same way I dont think Joe walked into Matt's office Monday, and said" We found your doing improper things, or your incompetent, quit or the board will fire you."
SO the silence has been in the works for a LONG time.
AIMHO GLTY/A
The last day the Q can be filed, at the end of the day.
Thats been the pattern when the filings are late
AIMHO GLTY
He should be talking now!- he already knows what the 10q is going to say.
-- if its going to be good lets here it, if it bad start singing.
This is no time for silence- UNLESS there is a major POSITIVE change in the VERY VERY near future- and that change could be affected if there was a public announcement.
ANY other reason for silence is -- NOT a valid reason.
AIMHO GLTY/A
I do AGREE with you on this.
IDK what is under the cover, but the whole story isn't known yet.
I 100% disagree with the methods. I hope that the smoke screen ultimately means a big positive for the current sharholders of CBAI- when it ultimatley warps into whatever its about to warp into
The new CEO Should be out front explaning the situation.
If there is a big shareholder negative around the corner and the new CEO isn't explaining it now, he will be gone too.
AIMHO GLTY/A
I definately believe there is more to the story.
I dont think he would go to the ccel board though (if thats whats going on). I think he would go be the CEO , unless there is a no compete aspect he is bound to. Mrs. is very qualified to be a CEO also. The CBAI ~ CCEL relationship is not as negative as it once was. As long as the Portnoys remain in charge at CCEL there is a potential beneficial relationship for CBAI. They are very complementary yet competitve companies.
The recent activities of FFGG shouldn't go unnoticed by CBAI investors.
On January 26, 2012, Joseph Vicente resigned as a member of the Board of Directors of Frozen Food Gift Group, Inc., for personal reasons. There was no disagreement with the Registrant on any matter in connection with his departure. Mr. Vicente did not serve on any of the Committees of the Board of Directors.
====
Frozen Food Gift Group Inc (FRZZ: FINRA BB) | Venue Change May 1st, 2012
Frozen Food Gift Group Inc (FRZZ: FINRA BB) | Venue Change
Tue, May 01, 2012 12:00 - Frozen Food Gift Group Inc (FRZZ: FINRA BB) - Venue Change - The symbol, FRZZ, no longer trades on Grey Market. As of Tue, May 01, 2012, FRZZ trades on FINRA BB. You may find a complete list of venue changes at otcmarkets.com.
=====
The description of our Common Stock: Our Articles of Incorporation authorize the issuance of 20,000,000,000 shares of common stock, $0.00001 par value per share. As of December 31, 2011, there were 112,456,666 outstanding shares of common stock. We are not authorized to issue shares of preferred stock and to date we have not issued any shares of preferred stock. Set forth below is a description of certain provisions relating to our capital stock.
===
The Company entered into an agreement with a related company through common management whereby the related company has agreed to buy the Company's product in bulk in order to obtain a discount on the purchase price. As of March 31, 2012 the related company has prepaid $45,000 for these products. As of March 31, 2012, the related company had not ordered any of the Company's products and none had been shipped. ~ (CBAI)
====
The description of our Common Stock: Our Articles of Incorporation authorize the issuance of 20,000,000,000 shares of common stock, $0.00001 par value per share. As of December 31, 2011, there were 112,456,666 outstanding shares of common stock. We are not authorized to issue shares of preferred stock and to date we have not issued any shares of preferred stock. Set forth below is a description of certain provisions relating to our capital stock.
=====
Frozen Food Gift Group, Inc.
d/b/a Sendascoop.com
(A Development Stage Company)
Condensed Statements of Operations
For the Three Months Ended March 31, 2012 and 2011, and for the Period
From January 2, 2009 (Inception) to March 31, 2012
(Unaudited)
==============
Effective this 16th day of February, 2012, Tangiers Investors, LP, (“Tangiers”) hereby purchases a total of 9,118,108 restricted shares (the “Shares”) of the Common Stock of Frozen Food Gift Group, Inc. (the “Company”), from the Company, on the following terms and conditions
1. A cash payment of $50,000, (representing approximately $.0055/share), as the cash purchase price for the Shares, which has been concurrently delivered to the Company.
2. The representation of the Company that after issuance, the Shares will in the aggregate represent 7½% of the outstanding Common Stock of the Company.
3. As additional consideration to Tangiers for entering into this transaction, for a period of five years from this date, if and/or when the Company issues additional shares of its capital stock to any other party during said term, as additional shares are so issued by the Company, the Company hereby agrees to concurrently issue to Tangiers without further consideration beyond the $50,000 cash payment paid by Tangiers pursuant to the terms of this Agreement, additional shares of the Company’s restricted Common Stock in sufficient number such that in the aggregate, when the shares issued under this Agreement to Tangiers initially and the shares issued to Tangiers subsequently pursuant to this provision are combined, equal in the aggregate at least 7½% of the Company’s Common Stock, calculated after all such issuances.
4. Tangiers is an “accredited investor” as defined in Rule 501(a) of the Securities Act, and is acquiring the Shares for its own account, not as a nominee or agent for any other Person, and not with a view to, or
in connection with, the sale or distribution thereof in violation of the securities laws of the United States or any state thereof. Tangiers acknowledges that it has had an opportunity to discuss the business, affairs and current prospects of the Company with the Company's officers and has had access to information about the Company that it has requested, that Tangiers is able to fend for itself in making investment decisions, has the ability to bear the economic risks of its investment pursuant hereto, and has such knowledge or experience in financial and business matters that it is capable of evaluating the merits and risks of investing in the Company.
Their website is sendascoop.com http://www.sendascoop.com/
Have you ever spent anytime on it? The cakes look nice and its very color full. Seem very willing to take an order. They have about three choices of products. The ice cream is made in very small batches with secret indgredients, I think by elves somwhere in Maryland. Looks and sounds great.
When you go to order the minimum order on all the products is 10.
Each product cost more or less $40/piece. So 10 of anything cost about $400.00. The products basically feed 1-3 people. Whose going to do that? The only product that comes close to being economical is the 20 person cone party box for 72 dollars/piece $720. You get 2 half gallons of 2 flavors, a scooper,cones, three dry toppings,napkins,greeting card, and a reusable cooler. You could go get the same thing at the grocery store for 30 bucks.
What do you get for the extra $690 more dollars ~ 18 more gallons of ice cream and 180 more cones,plus napkins etc, and secret ingrdiant ice cream. The cost per cone is $3.60 cents. Thats at the most economical level, smaller quantites the cost per serving is in the 8-15 dollar range. Something doesnt seem to quite add up.
When you really think about it doesnt really look like they are trying to sell too many products at the FFGG. Then WHY exist?
The corporate address is a farmhouse in Maryland
http://maps.google.com/maps?hl=en&tab=wl
But they sure are doing very well in the filings department. Seems like starting out as a fully reporting company.
http://www.sec.gov/cgi-bin/viewer?action=view&cik=1486526&accession_number=0001354488-12-002450&xbrl_type=v#
Their can be alot of speculation as to what may occurr. I think most agree one thing is for certain. Something is about to occurr. I think Matt is going to be right in the middle of it and in charge(mostly), no matter what his title may be.
The main concern for investors, Is he going to bring us along?, and if so ~ how much of our luggage (shares) are we going to be allowed to take with us?
If there is a time for which Matt's intergrity will be judged by long term sharholders,it will be this moment.
Hopefully it knocks us down with a feather, or has us all foaming at the mouth.
The CLOCK has FINALLY struck 12! Its been a long time. We are all about to find out if MATT's the mouse. MY bet his not, I think he is more like the clock. The mice may be why it went to .015 today.
Hickory Dickory dock,
The mouse ran up the clock,
The clock struck one
The mouse ran down,
Hickory Dickory dock.
Hickory Dickory dock,
The mouse ran up the clock,
The clock struck two
And down he flew,
Hickory Dickory dock.
Hickory Dickory dock,
The mouse ran up the clock,
The clock struck three
And he did flee,
Hickory Dickory dock.
Hickory Dickory dock,
The mouse ran up the clock,
The clock struck four,
He hit the floor,
Hickory Dickory dock.
Hickory Dickory dock,
The mouse ran up the clock,
The clock struck five,
The mouse took a dive,
Hickory Dickory dock.
Hickory Dickory dock,
The mouse ran up the clock,
The clock struck six,
That mouse, he split,
Hickory Dickory dock.
Hickory Dickory dock,
The mouse ran up the clock,
The clock struck seven,
8, 9, 10, 11,
Hickory Dickory dock.
Hickory Dickory dock,
The mouse ran up the clock,
As twelve bells rang,
The mousie sprang,
Hickory Dickory dock.
Hickory Dickory dock,
"Why scamper?" asked the clock,
"You scare me so
I have to go!
Hickory Dickory dock."
AIMHO GLTY/A
Matthew Schissler has resigned his position as Chairman, CEO, and Secretary, and as a Director of Cord Blood America. Mr. Schissler is also no longer an officer or director with any of the Company's wholly owned subsidiaries.
==================================================================
Definately wanted to make it clear the he and Mrs (Pyrenees) have completly cut their ties with CBAI.
Have no fear Matt Schissler is still steering this ship.
Mr. Vincente, Mr Morgan, and Dr. O'Neil wouldnt have sat idle while Matt drove CBAI into the ground and then jumped ship.
Matt resigned yesterday, meaning the PR was crafted by MR Vincente (wink), had Matt leaving not been part of the larger picture, Mr. Vincente would have reassured investors in the PR in more detail than what was provided. Basically, the PR wanted to get across Matt/MRS now have nothing to do with CBAI/family.
Sorry Mom/Dad just doesnt walk away from their baby, not these parents anyway.
Lets see
- Revenues are up
- cost are down
- the employee 401k was ended last week
- the majority of shares were used to satisfy some lingering BAD debt
- Mr. Vincente recently resigned his position in the FFG
On January 26, 2012, Joseph Vicente resigned as a member of the Board of Directors of Frozen Food Gift Group, Inc., for personal reasons. There was no disagreement with the Registrant on any matter in connection with his departure
Read more: http://www.faqs.org/sec-filings/120131/Frozen-Food-Gift-Group-Inc_8-K/#ixzz1v04JlRCl
- there is a partial CHILL still in place for CBAI.
- CBAI had the shares to complete the BINDING LOI CMEX deal,creating a cash flow positive situation, and walked away from it.
- The Portnoy Brothers recently ousted our main competitors CEO, and now are receiving investor pressure regarding Their management vision. The Portnoys are financiers not stem cell company builders.
There has been dead silence from management other than 1 response from Paul, the day the filing was released. Totally out of character for Matt, whose keeps very abreast of investor concerns.
I guess they could have jumped at a better deal, or before the quartley shows investors its about to implode, but I highly doubt it. It wouldnt have unfolded so fluidly as it has.
Instead I think were about to find out where that "JUICE" Paul talked about has been coming from. And what is the "strategic alternatives" Matt has been pursuing.
That's information I think we will all be glad to know.
And I sure wouldn't scrub S.S. Schissler of the side of the ship just yet.
IDK ~ but I wouldn't be suprised if Mr. Portnoy and Mr. Schissler have each other numbers in their cell phone log. CCEL did have a nice spike at about 1pm today.
AIMHO GLTY/A
8k in volume, the shares are used, CBAI increased 37% in revenue last year, the plan for inventory aquisition was abandoned to use the shares to pay 1.5 milllion in debt, the pps has declined steadily since the filing, the filing indicates an aspect of the chill is still in place.
And management is silent?
There is something SERIOUSLY wrong here. Investors will now DEMAND answers.
Time for management to start talking-- even if its forced.
GLTA
I am not a dues paying member of your club.
I am not bashing the CEO ~ I dont think he is a liar and a cheat.
I think he is making a MAJOR mistake by not explaining the change from in the use of the proxi shares as from their intended purpose, and how CBAI is currently funding itself.
CEO by remaining silent is forcing investors hands ~ thats wrong!
This is going to lead investors to reevaluate other management decisons, opening up a whole can of worms that doesnt need to be opened if the CEO would just explain himself and the state of CBAI.
AND that is a SHAME! I expect CEO to be better than this.
In this very narrow way, I am "joining your club".
GLTY/A
Anger only clouds judgement. So I try not to let it creep in.
The reality is this. Since the filng liquidity has dried up.
Very low volumes since the filing.
CEO has to be aware investors are very confused and are seeking guidence as to the financial state of CBAI, and how it is being funded.
It appears CEO has chosen to ignore this, to his own peril.
Investors will now go back and review the filings and other statments of management in order to look for fiduciary responsibilities.
I was never concerned about CEO FFG- venture. However when one looks at the avenues where fiduciary responsibility is questionable is in this area. Moving 45k worth of share supported funds into a secondary businees via a purchase contract. Obviously this entity profited off this contract, while the company purchasing the contract was and is in debt.
There may or may not be an issue with this arrangement, at this point even the longs are going to start questioning it.
I believe there will also be very strong calls to add truly independent members to the BOD.
I have to admit - Today my confidence in the leadership of CBAI has been damaged, in order to get it back CEO is going to have to both tell me and show me something A WHOLE LOT DIFFERENT than what I am currently being shown and told.
CEO is making a MAJOR mistake by this. I have been a very strong supporter of his for a looonng time, I hold alot of shares.
If you look back at my post I was silent for a long time, stating that I would become much more active, if I didnt see real progression by the end of March 2012.
There has not been signifigant advacement with the company, based on the stated proxi. Well I am back, but idle chit chat on an investor board is not what I am about.
what I am about is airing my concerns to managemnet, expecting to receive answers, if I dont then I start taking action.
First step is a new round of complaints to the SEC- regarding potential conflicts of interest.
Second step is inquires to the DTC regarding the second round of shares.
Third step is civil inquires regarding the stated use of the proxi shares vs their actual use.
This begins this week.
I would rather drive my investment into the ground, than see it slide into bankruptcy.
Its a real shame CBAI management is even turning away a long term investor that has been a solid supporter of CEO for a long time.
Its a real shame.
GLTY/A
I am not mad about it.
My inkling is still he is working on something MAJOR, and doesnt want to tip his hand yet, I can accpet this.
I just want some idea sooner than later. Sooner being today.
If CEO right now just satisfys for investors, how CBAI is being funded in the short term, and why they choose to use the proxi shares for debt rather than the stated purpose.
There have been some changes that need further explanation, more than was explained in the filing.
I am not one that buys into the conspiracy theories, that somehow Matt is engaged in some grand scheme to bilk investors.
I think he legitmately is trying to build a successful stem business. I dont agree with all his choices, but give him alot of credit as to what he has accompished so far.
Due to his efforts sharholder have a CHANCE to prosper greatly in a burgeoning industry.
I think in this particual instance he is making a mistake by not clarifying these questions.
I hope this changes soon.
GLTY
True- the storage model that exist today, likely wont be the storage model of the future.
-- But the possibilities for the therapies and the surround support industry that will come with it seems extensive and lucrative.
I think CBAI is trying to position themselves to be a major pivot point in the industry, if CBAI can survive, I think over time it will spread its presence throughout the industry, Right now the most lucrative part of the industry is storage, this may change, but it will be years down the road before storage becomes irrelevant.
AIMHO GLTY/A
its definatley not as simple as you make it seem.
GLTY
Remember in an interview- about 2 years ago - CEO stated if he thought he was just building a cord storage company- he would be looking for an exit strategy.
I dont beleive the ultimate goal is umb cord storage. Even with the technology described in the link- stems from ones own body, have to be cultured in a lab prior to using.
This is going to be a VERY big, lucrative industry not in the too distant future.
Long term investors have position themselves, in what appears to be a dynamic company who understands the indutry and is trying to positon themselves as an intricate part of the industry.
Those shareholders deserve an explanation as to the state of their investment, and the viability of CBAI in the near term. So they may have accurate information to evaluate their investment position in the industry.
AIMHO, GLTY/A
This is why D-DAY is tommorrow.
http://news.yahoo.com/blogs/this-could-be-big-abc-news/grow-own-organs-173451147.html
This industry is about to explode. CBAI management owes it to long term investors how they plan on sticking around before the explosion.
Shareholders deserve accurate unambigous information so they may make informed decisions.
GLTA- watch the link
REALITY CHECK~~
This is a penny stock, as a such its nature is shareholders come and go.
This allows management to recycle certain goals and reason why this goal is not being met, satisfying one shareholders concerns that it wasnt the right time to profit from their investment, selling that hope to a different investor not in tune with the reasoning for the delay in the previous shareholders return on investment. This allows the company time, and the ability to re-use progress obstacles.
The share price is extremly low, where $200 dollars gets one- approx 10,000 shares. Thats entiicing to someone scouring the market for what appears to be a good deal. IE stock liquidity.
-- D Day has arrived for CBAI- It either gets real, real quick, or the shareholder backlash will be one that destroys the company.
One nuance of this penny stock, is there are alot of LONG term investors holding a signifigant amount of shares pre split and post split. Holding for a very long time. This is an exception to peeny stocks as most investors get in and out, THIS SHOULD NOT BE LOST ON CBAI MANAGEMNET.
If management after tommorrow continues to be silent and long term investors continue to see very subtley but very real - pps slowlyyyyyyyy decline management will have a very difficult issue.
I hold a lot of shares -- My patients is done.
This is not GOOGLE. I have been funding a peeny stock for a very long time.
I demand public answers NOW as to the financial state of CBAI and how the near term funding will occur.
Managements decison not to provide this direction will cause at least one VERY long term investor to start the processes to get answers to their concerns.
GOOD LUcK TO ALL ~ D DAY is Tommorrow.
I am concerned about this also.
This is a public company- having this be a mystery with shareholders isnt going to be acceptable.
GLTY
Appears investors will come down on one side or the other as CBAI silence continues
1. Either shareholder will come down on the side the silence is due to something MAJOR and positive that will take the company and the pps to a higher level.
2. Or shareholder will come down on the side- the silence is due to CBAI struggling to find financing.
If there is no indiction from management by the end of this week, it is reasonable to assume shreholders will begin make their choice.
If enough make choice two and start dumping their shares, the pps will be in free fall.
If this happens management is going to have a BIG problem with investors that have come down on side number #1-
If investor confidence could have been satisfied and the pps stabalized with a clear picture from management as to the current operating health of CBAI, and how they are near term funding CBAI now that share financing is over.
Manangement cant suddenly end the the type of financing that has been funding the company for more than 4 years, announce all the shares are used, and give no indication of how the company is currently being funded.
There is no way long term shareholdrs will accept this.
AIMHO/GLTA
Thanks for just validating my point.
GLTY
Go ask Ken Williams. I can give you 6 reasons sharholders are demanding answers NOW.
1.-- the shares are used.
2.-- the shares were not used for the stated proxi purpose
3.-- the filing states the 3 LOI(that make CBAI cash flow positive) were passed on.
4.-- there is no recognizible short term funding plan (running on our own juice doesnt cut it)
5.-- the pps since the filing has ever so slowly ticked downward.
6.-- management is silent.
Sorry, no matter how you try to spin it, there needs answers SOONER rather than later.
GLTY
Here let me help you. At what point do you think it starts becoming nonsense for shareholders?
I will give you a hint, its NOW!
GLTY
Only reason I know who he is, is you identified him as MRL.
He is your fetish not mine, I called him a fool when he said CBAI was getting involved with synthetic blood, you cheered him on , check those post, let me know what you find.
GLTY
For an EEOC discrimination charge? LOL
I think I am talking about a whole differnt thing, but keep entertaining yourself.
GLTY
I don't think shareholders are interested in waiting for the next filing.
GLTY-
I would think management has until the end of this week to state publically what the financial state of CBAI is and how they are funding the company, before shareholder action begins.
You dont R/S and reauthorise, under the guise of using the new shares to aquire inventory, then filing a report at the absolute legal file date saying in three sentences the shares were used to pay down 1.5 mill in debt, and not explain it.
Then watch as since the filing the pps methodically driven down -point cent by point cent everyday.
There is no more tolerance with shareholders for mystery, and doublespeak. The time for answers is now.
There needs to be an explantion and the deadline is Friday. Or I am afraid shareholders will force answers then change.
AIMHO/GLTA
Your correct, Its the reason CEO HAS to come out Publicly as to the financial state of CBAI, how it is currently being funded and how it will be funded in the short term.
If not the pps will break toward the negative.
GLTY/A
Yeah ok- LOL!
true, but ambiguity is not what CBAI needs right now.
It is very important ALL investors are goven a clear indication as to the financial health of CBAI, and the post share financing road map.
I know first hand the CEO is very accesible, open and willing to answer investor questions and concerns. However, this is something he needs to articulate in a public manor.
It is critical at this time he instills confidence in the Market.
Confidence is what will hold the pps where its at, revenue is what will move it upward, and investor weariness and confusion will drive it down.
You see the direction of the pps since the filing, and what your seeing is investor confusion. A very sloooooow gradual decline.
AIMHO GLTY/A
I am all far letting the company breath a while, now that the share financing is done.
The ? is how they are going to afford to keep it going while it breaths. There is nothing to indicate they have the money to do it.
Thats why CEO needs to lay it out publicly if thats the plan, he needs to in still invesotor confidence.
If thats not the plan, then the alternative i see is back to the original proxi plan. Wheres that money? Since the shares are used? IDK.
Or a Merger or takeover. How that plays out for investors not sure, but our current position concerns me if it occurrs.
-- thats why i believe CBAI needs to say publically what the plan is to quell the markets concerns.
There definatley has to be a change in how CBAI is funded and how the debt is addressed. What the answer is is what were all waiting on.
The answer to a small lin in the filing I think would go along way in assessing the health of CBAI.
CBAI is cancelling its 401k program the first part of May. The 401k is a standard corporate benifit to attract and maintain quality talent. If its being cancelled to cut cost- were in trouble! If its being replaced by something else, the lucrativeness of the replacement, will signal the direction the company is going.
AIMHO GLTY/A
Possibly, but not for the reasons your articulating.
Its obvious you have never been close to the realities of the financing/capital needs of new companies, as you never would have said most new companies are generating profits after max 3 years.
Thats complete nonsense.
CBAI profitability is complicated mostly due to the infancy of the industry. i.e. - Industry NEED hasnt matured.
You have to have an X number of people that want beer, before you have enough revenue that can sustain a beer company.
CBAI got into the storage game when they were understood as embryonic and shunned by a signifigant portion of the (US) population. Its the reason why CEO went full force international. The world is farther ahead than the US. Argentina has been rewarding for CBAI. Since CBAI start, public education regarding stem cells has taken a tremendous leap forward. Peyton Manning Colts/Broncos QB ~ underwent stem cell therapy. People are now aware of stem cells potentials a sources and are much less wary of them.
The real leap forward in stem cells will come when the medical community learns to understand, hone, and accept the use of stem cells. When will this happen ~ when science proves and insurance pays.
Currently the industry has a minnimal need for (private storage) and a bunch of storage companies, the latter is quickly changing and the former is modestly changing upward. Stem cell use in the medical community is still more or less consider a last ditch or experimental measure. Insurance looks at it the same way. So individuals must pay large sums to use them and a Dr. willing to try them.
End result a steady consolidation in the private market and a better business model needed for non hospital based public storage, as the underwriting by government will begin to decrease.
The industry will develop as an insurance pay, or pay to play, or a combination of both business model.
CEO's stated plan was to capture the available inventory at a discount as the industry continues to consolidate. With the strategy that the assest are valuable and will create the cash flow to sustain the company as the industry technology develops into wide spread use.
The current mystery with the company is, why werent the shares used for inventory aquisition, even if it wasnt for the 3 previously stated LOI's? If we pased on the LOI's why didnt we hold theshares and aquire other inventory with the shares? There is alot of it out there. This inventory aquisiton is what was going to stabalize the company.
This is a mystery that necesarilly needs to be explained, either by words or action.
I dont believe the CEO has the integrity issue you portray him to have.
I think the CEO over the last 8years has basically said what he was going to do and either accomplished it , or certainly tried.
So at this point I am willing to give him the benefit of the doubt and allow him the time to either complete was he has in the works(if its something major or positive, i dont care how long it takes). If we are in a situation where this is it ~ 250milll shares out, modest growth, and a shoestring budget so tight we have to cancel employess 401k's - then we are in SERIOUS trouble.
I am confident the CEO is going to give us the answer sooner rather than later. Depending on the answer and what side your moneys on, will be the difference between all of us crying or some of us SMILING.
AIMHO GLTY/A
Thanks for posting that.
I have to admit it is somewhat baffaling why we havent heard more about the state of CBAI from managment.
I am skeptical about any notion CBAI is cash flow positive, as this would be such a big event it would be announced in a stand alone PR.
Since the filing the pps has definatly been slowly declining.
Obviously there was alot of negative pressure on the pps as 111 mill shares entered the market from jan 2012 thru to the filing.
It appears the share financing has pushed the pps down to about 2 cents.
The negative pressure from this is now over. What will move the pps upward from this point will be positive revenue and aquistion news.
If there continues to be silience from CBAI management and there is no appreciable increase in revenue in the next filing. The pps will be in free fall.
IMO the only logical reason to end the pyrenees contract, the 401k program, not using the a/s for inventory aquisition, and the silence by management as to what has occurred(other than in the filing), is there is a MAJOR deal in the works that will fundemntaly change the company.
With no more shares entering the market ans 37% revenue growth, pps should have had a nice upswing- it has, it has slwoly declined.
There needs to be a fundemntal change. This is not the time to keep investors in the dark.... UNLESS there is a major deal in the works. If there is not CEO should indicate same.
Investors gave management what they wanted (sans the 500/1 split). Management choose a different route that was articulate as to the need for the proxi.
This is fine, but the responsibility for the consequences now sits squarly on the front steps of CBAI managements door.
Not the MM.s, CCEl, Mercedes Walton, the financiers, the Chill, Mr wiLiams, the DTC,...... its all nonsense.
It is time for this stock price to move forward and sustain that level. Not talking 30 dollars, 20 dollars, 5 dollars, 1 dollar, 50 cents, 10 cents, -- I'm talking a mere nickel range.
If after over 4 years of share financing and at the end of it if the pps cannot even rise and maintain a nickel there is a SERIOUS problem with this company.
I still have alot of confidence in CEO--It is time for him to STAND UP and lead this company to the next level - Sooner rather than Later. If there is not a major deal on the horizon, and the plan is to organically grow into 250 million shares then CEO needs to explain how this is going to happen and the time frame for this, and how he will fund the company.
AIMHO GLTY/A
Question for you.
How do you factor in the 180mill dilution since the split into your chart analysis?
Those shares were not backed by a cooresponding increase in revenue.
The shares held pre split as well as all the shares except the last share that entered the market have lost a proportional value. the lost share value will remain lost unless there is a share correction, or company assests eclipse above an x factor. The x being the value of an individual shares relative to claims on companies assest prior to the first a/s entering the market.
The shares entering the market naturally skew the pps downward, as they were not used to increase assests, rather were used to decrease debt.
How do you account for this in your chart analysis since October?
I'm am not challenging your post and chart analysis, just looking for an understanding of how your fatoring that in, if you are.
Thanks
GLTY?A
I give up! I cant talk in circles with someone.
- if u dont get it - sorry cant help u.
Probably would help if u reposted some of ur posting between u and mr wiLiams for all investors to understand fully ur and he relationship.
-- full disclosure u know- it not necessary but it is the right thing to do.
GLTY
I stand by that.
Im not bashing the CEO- MCFLY- knock knock- I STRONGLY SUPPORT HIM.
However if he thinks he can go totally against the reasoning for the pRoxi regarding the use of the a/s and not give a detailed explanation.
Then he is WRONG! Not incompotent, just WRONG in this particular instance. The only acceptable reason for not explaining it is if he has a MAJOR deal in the works right now.
So were u a supporter of mr WiLlams until he went against the proxi?
GLTY--
I dont know him so i cant say what mrl motivation was.
I can assure you any investor action from this point would be to ascertain if there was any material misreprensentation by CBAI regarding the Poxi.
Check out the latest news for CPIC if you need guidance
GLTY