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The 10 people here?
Sorry I just have this thing about inflating the truth that compells me to seek clarification.
Id like to have the board all in one room and see who all is who. That would be interesting. I bet we would have fun sucking down vodkas.
how in the world would anyone on this board have even a inkling of how many people are voting.
Lets not get all carried away.
Keeping it honest.
Anyone know the purchase price we offered CCEL on each occassion?
you dont sound sure...but thank you for pointing out the articles I didnt read.
What happens to the ex price of the 139m warrants granted for the lastest financing? http://biz.yahoo.com/e/110321/cbai.ob8-k.html
The warrants would reverse in number but would the ex price also? I dont see anything written in that filing that mentions splits.
Could someone thats knows more elaborate for me?
Does every company quote "loyal shareholders" and "rewards for loyal shareholders"? then run them over?
the problem isnt the company's progress. THey are making wonderful progress.
The problem is that common stock has financed us. Because of using common stock all the shares were dilluted.
Anyone who bought and held shares over the past couple years is about to get burned badly.
You dont grow a company with common stock and then wash the oldest shareholders clean with a reverse split without incentives.
The way it stands now anyone with shares averaged at a penny is going to need a 6 bagger post split to break even.
TO BREAK EVEN! are you kidding me? 6x price movement?
We got screwed so that the "company" may move forward.
I dont know about you but I did my time already and have made sacrafices. Investing in CBAI should come with a payoff.
Does anyone have an intelligible scenareo they would like to share regarding what will happen to current shareholders post split? Ive shared mine.
I remember in his video about the split.
He was listing the investors in order of most important to least important to him. He started with debt holders and venture lenders and banks and finally way down at the end of the list he was kind enough to say
and even the small retail investor. WE dont matter.....We dont matter.....obviously. Thats why our recap proposition is horrible and im about to get washed out.
lets do the math.
1.2m shares at .01
1 for 100 rs gives me 12k shares
12k shares at a hundredth of the currect price...move the decimal. .20 cents.
So my 14k dollar investment now becomes a 2,400 dollar investment.
In fact on etrade after the rs there will be no evidence left under my CBAI holding that will show my 14k investment. It will just read 2400 at 12k shares.
So...i need that 2400 to equal 14000 again. 2400 x 6 equals 14,400.
I need a 6 bagger after the reverse split..if it happens at a .002. TO BREAK EVEN.
Anyone new who invests after the reverse split can enjoy the possibility of a 6 bagger for PROFIT..not to break even.
my other account. shares at .004 now 50% under. same idea. going to take a multibagger to break even after RS.
Let me be clear by multibagger. I need 6x the price after the split to break even. I need to see 1.20 to break even.
comments on that? This is not a good alternative to finding financing. Matt screwed up..this is as far as we can go without ruining the current shareholders value?
how do you feel about that loss youre about to lock in after the RS?
hmph..
I miss hundreds of millions in volume and price movement you can see on a weekly chart
can we win the insurance and government race. That is the kEY!
How long will we have to hold out. Will a deal really make us profitable on paper?
Vote NO
Demand a better deal! Protect your shares! Dont lock in a loss
it doesnt matter what they have planned.
You cant wash your hands of the old shareholders every time you want to grow as a company its bad business.
If you have shares at a loss you would not want the rs or the increase in A/S.
I think you have been waiting all along trading in and out
Im past a 12 month hold. That makes me a long term holder and my excitement around january 2009 was high.
My excitement wasnt as high in march 2010. Silly me I bought more in 2011.
Then sure enough like a week later we got a reverse split letter.
Womp womp.
I reread that shareholder letter from feb
When I read the last paragraph in conversational english kinda way..this is what I get
Its a pep talk.
Relax men, we have it all under control. Just hang in there while we climb through all these government formalities. When we get to the top we'll muscle over and take whats ours. If I dont check every handhold and foothold up the route...we're gonna make a mistake that could cause us to have to reclimb from somewhere under us. We cant afford that. Keep your head on right and have some faith in what im doing here. Remember why you trusted me to begin with.
TOny,
You are so right man. I agree that the AS will vote us right out of power. We wont matter. It really is a wash of the entire cap structure at our expense.
We built this company. I invested 16 grand. Matt wrote a check in the form of shares for 12 grand.
That would be a great investment if the RS plus dillution wasnt going to happen.
VOTE NO. Dont lock in your losses.
DEMAND A BETTER DEAL by first VOTING NO!
Dont be that person that has to look at the gains of the future with a 500% loss to make up.
Reversplitting at a loss means to lock in your loss and have to watch other make 5x the money to get yours back.
I have to be honest with the you all as well.
If I had the opportunity to trade out at an acceptable loss...I just might do it.
RS is going to lock in my losses. If it goes RS to .20 cents I need it to hit a dollar to get my money back.
Anyone else in this position?
Demand a better deal at the SHM
How would a purchase at .0021 play out for you after a reverse spilt?
Id like to understand whats good about this....considering I own shares at an 80% loss already.
you dont want cbai now.
You want it after the reverse split. Why would anyone want to buy now? Unless they are selling for pennies.
im with you bro..
ive been saying he doesnt care.
I wish we could convice the rest of the board that we current shareholders need to fight back.
Were about to get stomped. We need to vote no and DEMAND BETTER TERMS.
That latest LOI was based on the next 20 trading days?
I think were still in that window...perhaps its being kept down so that we purchase those new assests at the cheapest price possible.
Which would confirm that market makers will play both sides.
What cost is acceptable for you locks? Are you ok with losing 80% of your share value overnight?
You cant possibly be invested at anything near a penny. Do you really want to lock in your losses?
just remember gruber,
We have to fight for that. Corporate america and CEO Matt Schissler arent going to give you a gift for nothing.
Hes going to do whats best for him first. We want warrants.
WARRANTS WARRANTS WARRANTS.
sponge.
About the rest of your message.
There are a few things that stuck out to me.
Bankruptcy on the horizon. I agree
Look what matt has done with the company so far? Well lets look. Hes at the point where he needs more money to pay the debt he created. Matt had created debt at the cost of your stock money being washed.
The washing machine is being loaded up again with your shares. You paid for them. The money is going to buy more debt.
I give matt credit for pushing forward in a challenging market but it wasnt good enough. IT came down to the RS in the END.
I dont think weve reached the end yet. The company is giving itself enough time to reach a favorable decision for shareholders and itsself.
FIGHT FOR A BETTER DEAL. CALL COMPLAIN ASK QUESTIONS WRITE DO WHAT YOU MUST TO get a deal that works better for you.
DOnt take anything corporate america tries to shove down your throat. This time we have a chance to say no.
VOTE NO and force matt to renegotiate a better deal for shareholders.
I WANT .01 warrants after the RS
Thank you for responding sponge.
The first thing Id like to comment on is this.
The RS doesnt have to go down the way it was laid out to you. Youve gotta tell the company what YOU want...what are acceptable terms for YOU?
1 for 500 quickly became 1 for 100. Thats still not good enough.
I want a more creative deal with more incentive for current shareholders to stay in post RS. He's taken most of my faith away by going forward with a deal that does not benefit any current shareholders.
We need a new deal. Not saying we dont need to do something about the cap. Obviously we do, Im saying we dont need to do what being voted on.
I want another option. Write, call, complain, get what is owed to you.
I want .01 warrants to compensate me for being a loyal shareholder pre reverse spilt. After all...Its our money that is being used to grow the company. WHy should we not be entitled to .01 warrants??
Nothing in the stock to reflect coming out of the suit.
Mexco deal means nothing....suit means nothing...looks like all that matters at this point the the pending vote of doom.
The dreaded reverse split. Thats the only thing that weighs on this stock. Thats the only thing to be measured at this point.
What will the market makers do next?
growth is necessary. We are small. We are getting chewed up.
Groth is part of the plan to survive. We need to buy assets in order to gain market share.
We are focused on acquitions because they give us a chunk of market share and most importantly they can be purchased by dilluting current shareholders.
Its a wash and repeat strategy and it works as long as the vote is passed. IF the vote is denied then we can work up another plan.
Matt stated that lenders dont like our cap structure. I dont like it either and nor will I like after I realize what its going to cost me.
Get smart. dont take whats being offered.
I want .01 warrants post split to compensate my loyalty as a shareholder.
you dont succeed with the company unless dillution stops.
CEO has propossed further dillution so he can grow the company more.
ANy current investment will be locked in at a loss and all future investments will be dilluted as well.
Is that what you want? a 10 year hold for a lousy 5x return on a few grand?
STOCKHOLDER DEFICIT 42 million +
From the 10k
Other
As a publicly traded small cap company, Cord Blood is reliant on a private entity, the Depository Trust Company (“DTC”), to permit its publicly traded shares to be eligible for electronic stock transactions. The DTC is the only entity of its kind and is essentially unregulated.
In December, 2010, the DTC unilaterally and without consultation with the Company, “chilled” all newly issued shares of the Company which were entitled to be freely traded in the market and whose holders expected to utilize the DTC Electronic Trading System. Under what the DTC calls a “chill”, DTC precludes shares which it has unilaterally “chilled” from utilizing its Electronic Stock Transfer System, thereby putting the holders of such “chilled shares” at extreme disadvantage in the trading market when they go to sell their shares. The “chill” applies to all shares newly issued or newly freed from private placement sales restrictions. The chill includes as to the Company, even shares for which an effective registration statement is in place, and shares for which valid legal opinions have been issued by seasoned securities law counsel opining as to share entitlement to free trading status under SEC Rule 144. The Chill fortunately does not apply to existing publicly traded shares of the Company which are out in the market place. However, the holders of these “chilled” shares of the Company are the key investment bankers whose funds have been supporting CBAI with capital lines to fund its expanding business. The Company has been forced to negotiate settlement agreements with its existing investment bankers to settle alleged breachs of contract as a result of this DTC chill and the unavailability of DTC electronic transfer for chilled Company shares. Such settlement agreements have already cost the Company approximately $820,000 in damages. The Company is endeavoring to maintain a dialogue with DTC over what the Company considers to be an unreasonable and illegal chill of its securities without cause or justification, in an effort to have this chill lifted. Whether the Company will be successful in obtaining relief from this chill is at this point uncertain. Continued implementation of the DTC chill will make it more difficult for the Company to obtain new capital which its needs to expand its business, and will likely increase claims for contract damages which the Company may have to pay as a result of its inability to deliver shares to investment bankers which are eligible for DTC electronic transfer.
my profit potiental is reduced by 800 percent if the reverse split goes through.
How about yours?
Yay CBAI...thats the problem right there.
CBAI is doing great. The shareholders are not.
There are two distinct interests here. One is the shareholders and one is the company.
They are not connected except for the fact that shares are used for money to fix the books
He using dillution to adjust the books in a postive way.
Its like were buying time for something big to develop in the stem cell market and Im not talking about a single LOI.
We are buying time, litereally. (paying bills with shares)until something amazing happens.
I want warrants to purchase shares at .01 post RS
I want warrants to purchase new shares at a pre R/S discount.
I want to pay .01 for shares post RS
HI barb.
What does a reverse split mean for you investment? What happens to your exisiting shares?
Its like he's asking for one more chance once more chance one more chance
without asking for another chance. He's just taking it by vote.
How is this dillution different than the last time we got dilluted?
Its not. What happens to your investment after the reverse split?
Ill tell you. You lock in your 80 percent losses and have to make a 10 bagger to get 200 percent when new investors can just hav a 10 bagger.
The CEO did claim the dillution was over.
No so much ey?
you're telling me that a stock that is worth .0022 after a 1 for 100 reverse split
and dillution to up to 250m shares is going to grow 1000%
Maybe in 6 years...and that makes my profit about 200 Percent because im at loss like everyone else who held on.
youre not the one responsible for the ceo of course.
Im simply making the point that if matt feels its necessary to answer questions to a private group of message board posters
then its time to make information more available to EVERYONE all at ONCE like a reputible company.
And perhaps at a minimum direct your IR guy to be more thorough and involved.
I vote no because I am at a loss. I dont want to lock in my losses at this point.
I demand a better deal.
Does anyone else demand a better deal?
That seems mighty informal and a waste of the CEO's time.
Didnt the CEO hire someone to answer questions for him so he may use his time more wisely?
Is that were our money is going?
I guess my point is....a company that puts all those hats on one person..
Matt is our CEO CFO and takes direct questioning sessions.
He also serves as a board member in nevada developing new business right?
Maybe we have one guy doing too much.
Is it time we hire someone to help the administration along?
Where does Stephanie Schissler come into play? What is her role as advisor?
I did mean TN and thank you for correcting me.
I sent you another post to follow up with your choppy copy and paste.