Retired CFO
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This was just released under news for CBAI on Pinksheets.com. Does anyone understand it??????
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=cbai
Morning all. I take it Mr Long this is recent news? What is CMS? This is short term storage only done when a need is already there? Not thinking clearly this morning so feel free to elaborate. Thanks
Level 4, I hate to be the one to break it to you but Aret has zero working wells. We've been trying to buy some for years but no luck yet. Zero.
The 10Q will be out Monday. I guess the rule is the 10Q has to be out by the 15th, but if the 15th falls on a weekend then it has to be out on the next business day which will be Monday. I have no clue why it's taking this long. All have a great weekend.
Jaw bone article.
http://news.bbc.co.uk/2/hi/8290138.stm
Big potential
Lead researcher Dr Gordana Vunjak-Novakovic said: "The availability of personalised bone grafts engineered from the patient's own stem cells would revolutionise the way we currently treat these defects."
Dr Vunjak-Novakovic said the new technique could also be applied to other bones in the head and neck, including skull bones and cheek bones, which are similarly difficult to graft.
The option to engineer anatomically pieces of human bone in this way could potentially transform the ability to carry out reconstruction work, for instance following serious injury or cancer treatment.
Mr Long can handle the first question as he is more an expert on that subject. As for the second question, even if you privately banked with CBAI that doesn't cover the cost of growing you a new organ. Dr Geoff thinks longer term that will be another revenue stream for us. Imagine if with an identical stem match they could grow you a new arm, leg, or better yet heart? Now we're talking.
It's called regenerative medicine and has already been proven to work. I read one article where they created a new jaw bone which was said to be a very complicated bone. That's why IMO if you are young you should never sell this stock and is exactly what I have told my kids. It has tremendous upside. It sounds a little like Frankenstein if you ever saw that movie. But real.
No problem with me. I don't take anything posted on this board personal.
Except I think it was me and not Mr Long that said I was fine with a reverse split. And I stand by that. But it's not coming anytime soon.
How about 20M shares. If we did a r/s today the share price would go up in value I have zero doubt. A r/s doesn't change the market cap and with the current cap under $50M it's a steal.
Exactly why do you expect it to have a poor affect on the stock? More shares? Below is the last share count info. How many more shares are you expecting it to go up?
The last published share count was 5,078,132,970 as of 3/24/10. Then we need to add 363,636,364 for the S1 if those shares are included. If the S1 shares are included the total comes to 5,441,769,334 to be exact.
You have your opinion and I have mine.
Haven't heard from Matt since he left for NY. And I expect the 10Q to be released today after the market closes. I'm anxious to see the financials even though they will be convaluted due to the move.
The CEO is not selling shares. At least not enough to bring us down.
I hope you are right Mr Long. The other thing that impressed me were the viewer comments on the ABC News site. A lot of parents talked about there positive experience with storing there child's cord blood and the life saving results. Many parents were upset on the way ABC handled that story. As I said before, the industry plans an offensive to rebute that story. I'm just not sure in what form that will take but we should find out soon.
Today should be interesting. Last Friday the day after the ABC News story I was expecting a down day. Instead we closed at .0084 or plus .0009. Lets see what happens today.
Morning Mr Long. First, I wanted to thank you for your two post last Friday which lifted my spirits after the ABC News story. It reinforced my prior confidence in the private banking business model CBAI has undertaken.
I too keep thinking big Pharma or big insurance companies will want a piece of this pie. I was amazed when the 10K was released and I found no beneficial owners. Especially knowing we had two or three billion share days late last year. When I questioned Matt on this here is his response. "No beneficial owners. We are spread around like pollen in the spring time." I thought that was well said. But I keep hoping someone will step up soon and buy in. Especially at the current PPS.
For now I'll just keep our shares and wait it out. I have time but still hoping it will happen soon.
I've discussed your thoughts with Matt in the past so let me give you his view. Finding a stem cell match is hard. Very hard. So he would need a huge inventory to do matching. It's true a match today cost in the range of $30,000 and we could reap that price finding a match with a donated cord. But we're in the business of making money and we can't afford to take in and process many many donated stems at our cost hoping it matches someone in the future. Someone (gov/insur) has to be willing to subsidize the processing and storage cost in order to possibly make that a profitable business in the future. Lord knows we don't want more dilution or borrowing to fund such an investment while the US is still behind in stem cell therapies. That's pretty much straight from Matt about six months ago. If it makes you feel better I had the same thoughts which is why I discussed them with Matt. Hope this helps.
Morning all. I haven't heard a word from Matt since he left for NY. I still believe it has something to do with responding to the ABC News story but just guessing. I would be in favor of some kind of campaign that made clear the benefits of private storage.
He used no money for the China deal and I think $1.5M for the Stellacure deal. Not sure how much he might use for the Biocells deal but not a lot. What we need now are US acquisitions to help fill up the Lab. If he can buy 20,000 samples using equity financing that revenue and mostly profit for those 20,000 fall to the bottom line and alone could be enough to turn the tide to be cash flow positive. We have a building and now the more capacity we can get the more profit and cash flow. I can assure you he is working on it.
Matt doesn't have $16M in cash. He has $16M in equity financing he can use to make acquisitions.
I'll tell you exactly why he is doing it. To raise funds to cover his burn rate. We all know we are not cash flow positive yet. Until we are Matt will need to obtain cash to cover. He can sell shares or borrow money. Those are the only choices until we can become cash flow positive. Lets say his burn rate is $100K per month. At a penny he would only need to sale 10M shares a month. I do expect us to become cash flow positive soon though. Maybe by the end of the 2nd quarter or in the 3rd quarter. And the outstanding share count Ice Equity posted is wrong. Just go to the S1 or go to my post yesterday for the correct numbers.
Lets hope we all make a lot of money on this stock as we expect. Glad you're feeling a little better. Now I hope we all feel a lot better soon. I was down last Thrusday myself after watching the ABC News story. I have a lot of people in this stock including myself and my girlfriend. But since then I have read many articles again and read the angry comments from families on the ABC News website that HAVE been helped. All of which reinforced my previous opinion that this is the future. Mr Long made a couple of great post last Friday about midday that also lifted me back up. If we can without question prove that using your own cord blood will cure diabeties, MS, etc this stock will be golden for sure. Plus, I expect Nevada to implement a public bank eventually and they will surely pick us to handle the load.
Morning all. The Effect notice means the S1 has been approved.
Now we're talking. LOL
I must be the only one expecting good news regarding the filing.
I tend to agree with you. In the past they didn't have much good to file so filed Friday after hours. Maybe this time it will be different. We'll see soon.
I don't know what is up but I can assure you CBAI will soon go on the offensive to defend private cord blood storage which I totally support doing. Sometimes you just have to fight for what is right and I believe there is more than enough evidence private storage has benefits and might possibly have huge benefits soon. Look for something to happen on this soon IMO.
The more I think about it I have another thought. It's possible the cord blood industry got together and taped the commercials as a response to ABC News. In which case many of the cord blood companies may have contributed to the ad thru an industry group meaning it wouldn't single out just one storage company. That would be even better.
Very interesting. Well Matt is in NY today but it sounds like they already did the shoot. It could be CBR who is #1 in the US and just got hammered by ABC News. I would say any press that was positive for storing cord blood, especially private storing, would be a plus for CBAI. Great find and thanks.
Pittman, the way I feel if you own the stock you can say what you feel. None of us want the share price at these levels. But bottom line we all feel it's temporary. Doesn't take much longer to go from .0075 to .02 than it does to go from .01 to .02. Minutes with the right news.
Based on the past I expect them to file no later than after hours this Friday.
Should I put on my seatbelt Pittman? Are you always such an optimist? LOL. What are you expecting? I assume you're mostly interested in the outstanding shares? The last published share count was 5,078,132,970 as of 3/24/10. Then we need to add 363,636,364 for the S1 if those shares are included. However, I'm not sure they will be since the S1 still hasn't been approved yet. If the S1 shares are included the total comes to 5,441,769,334 to be exact. I expect maybe an additional 30M shares but just guessing. We will know soon. Once we get past that I'm more interested to see the financials and how they look.
That is so sweet Booger. Thanks for sharing.
Only most of my life Booger. LOL. But without any history under the "new model" it's really mostly just a guess. I might be a little high on revenue which will mean I'm a little high on the gross profit. And the SG&A is hard to predict without some history as the 2009 numbers are kind of all over the place. And the Derivatives number is mostly just a black hole to me.
Just for fun and because I'm bored, I will give you my expected numbers for the 1st quarter. Understand it's just an educated guess.
Revenue = 750K
Gross Profit = 450K
SG&A = 1300K
Interest/Derivatives Chg = 100K (total guess on Derivs}
Profit/{Loss} = (950K)
Our lowest quarterly loss last year was (1723K) for a benchmark. As I said, it's just a guesstimate for fun. And with a lower share price the Derivative number could actually end up being a negative number which would lower our loss.
First of all Pittman, Matt has said over and over he won't even consider a r/s until we are cash flow positive and even then he said there are other options. At the same time if he did a r/s today IMO the share value for shareholders would go up not down. This is not a pinkie so a r/s would have little if any negative impact and most likely would have a positive impact.
As for why Matt is going to NY I have no clue. But possibly just speculating maybe he is going to appear on some national network to refute the ABC News story which wouldn't be hard to do. I know they have something planned but no clue what and this trip happened at the last minute.
Matt posted on his Facebook page that he is headed to NY for an unplanned last minute trip??????????
We're due the 1Q numbers sometime this week. I've done some analysis and I can tell you 4Q was loaded up with cost/expense and probably some revenue adjustments. What that tells me is the 1Q numbers could be very interesting. To give you an idea below are just the quarterly 2009 SG&A numbers (Sales, General, & Admin).
1Q = 803K
2Q = 1004K
3Q = 1579K
4Q = 3913K
You can see the 4Q was loaded with expense and I assume much of that was related to the move to Vegas. So if most of the costs of moving, etc were included in the 4th quarter then the 1st quarter under the new model could look much much better. Hope so.
It was me and I agree not much news in the 1Q 10Q. But it really depends on how much cost of transition they accrued in the 4Q 2009 numbers. There is a lot of lattitude in making accruals for future costs when a company sets a new model for the future and announces such. So they could have accrued all the moving costs in the 4th quarter which could make the 1Q numbers much improved in term of gross profit. We'll see soon.
I'm not sure what to expect. I don't think the O/S shares will be that much higher. And it's the first time we see numbers with a partial period being under the new model of having our own storage facility. Obviously the 2Q numbers will be completely under the new model and will include the Stellcure revenue numbers.