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Thank you for your "warning." I post when asked a question. If people have questions I can help them with, I try to do so. They may not agree with my conclusions, they have that right, but company also has right to present its best case.
Paul Knopick
pknopick@hotmail.com
949.707.5365
The best evidence is the third quarter financials and the progress the company is making. Solid achievements.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
80 percent of shareholders voting and 72 percent of outstanding shares are apples and oranges and if you think about it but a minute, both tasty fruits can be and are correct.
Paul Knopick
pknopick@eandecommunications.com
This has been asked and answered so many (many) times.
Paul Knopick
E & E Communications
pknopick@eandecommunications.com
May 6th CBAI news release detailing vote has been posted herein.
Also available at Company website.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
If everyone "hated" the reverse, how did it win with more than 80 percent? If company is "going down" how did it present so many excellent accomplishments for third quarter?
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
I look at the progress as announced with third quarter financials and "failing" is about the last word I would use for Company's progress.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
Yes, both lifted.
I have talked to hundreds of people hundreds of times about the chills (plural).
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
1) No.
2) No.
3) No. Have received any number of complimentary e-mails.
4) I wish CEOs never read any message board ever. Since it basically is anonymous, it's a perfect place for someone with a grudge and time on his (or her) hands or someone who for some reason wants a lower stock price.
5) I think, like most entrepreneurs, the amount of time and energy he spends in building the company is enormous.
6) He doesn't. I was following up on some e-mails and was asked to post herein by the investor. I don't do it that often, but if someone asks me a legitimate question, I try to answer it.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
There have been two chills. Different impacts.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
Double Digit Growth Seen in Stem Cell Storage Industry
The right sector at the right time with the right company!
http://www.marketwire.com/press-release/market-research-predicts-high-growth-in-the-cord-blood-banking-industry-1597729.htm
Paul Knopick
pknopick@eandeocmmunications.com
949.707.5365
Welcomed the chill? Welcomed seeing the stock drop from $0.50 to under a penny? Wow. That's a new one.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
News release dated May 6, 2011 and available at Cord Blood America site. Lead sentence.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
A) How do you know why it went to $0.50. We had plenty of news to continue that momentum. Killed off by the DTC. If people were not "happy," why did more than 80 percent of shareholders voting support the reverse?
B) Eight weeks without being able to trade caused enormous discontent and loss of credibility, even though the Company did nothing wrong. It takes time and patience and accomplishments to recover?
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
The stock traded $0.50 intra-day, up from $0.20, after the reverse. Then news started to come in that people couldn't trade. That killed all forward momentum. Any other interpretation is simply re-writing history. The DTCC did enormous damage for no apparent reason.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
Try putting DTCC in Goggle and see how many companies it has ruined/come close to ruining. Look at all the news releases issued by companies pleading for DTCC to tell them what is needed to end the "chill." And that's just the companies that have gone public; most will not comment about the DTCC out of fear.
"Matt did something wrong...." So, how did you deduce that? Are bureacracies/monopolies always "right"?
Last DTCC post. You can believe whatever you want. I lived it.
Paul Knopick
pknopick@eandecommunications.com
Well, no, it is true. Absolutely true.
I'm the one who talked to thousands of investors/potential investors and watched the DTCC do enormous harm (for absolutely no reason) to the credibility of this company.
It is going to take patience, and achievements, to come back.
Paul Knopick
pknopick@eandecommunications.com
"Exorbitant salaries." Keep saying it doesn't make it true. On the low end for people who have built an international powerhouse, the right sector at the right time.
The DTCC killed all the good things that would have happened after the reverse. Go blame them. Very misplaced here.
Paul Knopick
pknopick@eandecommunications.com
1) Is this your first rodeo? I've dealt with hundreds of entreprenurial CEOs and they all are optimistic. They have it in their DNA to dust themselves off and come back fighting no matter what the obstacle. By the way, that's why news releases have Safe Harbor statements. These are projections; you can do your own due diligence.
2 -3) The reverse split would have ended up fine: Stock traded at $0.50 intra day right after the split, we had good news to support the company, and then the DTCC stepped in and entirely spoiled the effort FOR NO APPARENT REASON. Eight weeks of Hell from the DTCC and we lost credibility and share price. Of course some of the reasons for the reverse could not be fulfilled now because the DTCC absolutely hammered CBAI.
4) I've dealt with hundreds of entreprenurial companies. This company's pay and bonus structure is very modest compared to what they have accomplished. Again, this must be your first rodeo.
5) Makes no sense to me. 2) I'm not going to reply to that here. It's been beaten to death.
What you have here are people who started from nothing, with credit cards, and build an international stem cell collection company, the right sector at the right time.
Anyone can criticize. This is an amazing accomplishment.
Sure sounds familiar.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
I believe I've made my argument.
There is no "right" or "wrong" but I've lived through this 24/7 and this is what I believe happened.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
2, 3 & 4 all suffer from the same issue. The unfair "chill" the DTC imposed on CBAI after the reverse split was approved by more than 80 percent of shareholders voting helped make $ much more expensive and the company has carefully stated that this has properly made them more cautious in adding new companies; the 8-week DTC chill drove the price of the stock down and caused a severe loss of confidence, making "uplisting" a plan for the future, and what major investor is going to jump in with what the DTC did.
To blame this on some sort of CEO character flaw is, I believe, not only unfair but totally wrong. Place the blame where it belongs, on the DTC bureacracy, take heart from the recent 10Q, and let's move forward.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
I don't have anything at moment.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
Thnx!!!!
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
Yes, it has been detailed, including progress on this matter, in the Company's filings. I noticed someone was kind enough to post herein every update the Company has made in this matter.
www.sec.gov.
Paul Knopick
pknopick@eandecommunications
949.707.5365
I believe there was a question about the Company's announcements about the DTCC. On May 6, 2011, CBAI issued the following news release:
Cord Blood America Stock Split Update
LAS VEGAS, May 6, 2011. PRNewswire - Cord Blood America, Inc. (OTC BB: CBAI, CBAID) announced today that the effective date for the reverse split, approved by 80 percent of its shareholders voting in a recent proxy vote, is the opening of the market on Monday, May 9, 2011.
Cord Blood America Announces Reverse Stock Split Takes Effect Monday, May 9, 2011
The one for one hundred reverse split reduces the number of shares outstanding from 6,907,863, 254 shares to 69,078,710 shares.
A "D" will be placed on the ticker symbol for 20 business days, after which the symbol will revert back to the original symbol.
The transfer agent, Interwest Transfer, is available at 801.272.9294 to answer questions about individual accounts and to issue new stock certificates.
CONTACT:
Paul Knopick
E & E Communications
pknopick@eandecommunications.com
949-707-5365
SOURCE Cord Blood America, Inc.
On June 28, 2011, we were finally able to announce that the DTCC had returned shares. In the interim, we answered hundreds if not thousands of phone calls and e-mails about this:
Cord Blood America Says Shares Being Returned to Brokerages
LAS VEGAS, June 28, 2011. PRNewswire - Cord Blood America, Inc. (OTC Bulletin Board: CBAI), the umbilical cord blood stem cell preservation company focused on bringing the life saving potential of stem cells to families nationwide and internationally, today announced that its common shares are being or have been returned to brokerage firms by The Depository Trust & Clearing Corporation. This follows a reverse stock split which was approved by more than 80 percent of the shareholders voting their proxy. "We're glad this is resolved," said Matthew Schissler, co-founder and CEO.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
A=means amendment.
Simply amending an SEC filing previously on file and that has been well commented upon.
Anytime one thing changes, you've got to file an amendment per SEC.
Paul Knopick
pknopick@eandecommunications.com
949.707,5365
I don't have any comment on Mexico and I sure as heck am not going to start issuing news releases based on anonymous posters.
When the company is ready to make an announcement, it will share it with all shareholders through the appropriate forums, e.g., a news release.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
Called telling the truth.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
No, I really don't get your post. Sorry. The company in its filing with the SEC said it believes the actions by the DTC are "illegal." It uses the word. Obviously only a court of law can weigh "evidence" and decide the truth of the charge. But CBAI has stepped forward for its investors and potential investors and called the DTC actions, which did enormous harm to the company, illegal, in a filing you sign in blood to the SEC.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
This is what the company filed with the SEC. The word "illegal" is prominent in the filing. It is very clear on how the company feels about what the DTC did to it:
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 after the “chill” went into effect on December 14, 2010, as well as all shares newly freed from private placement sales restrictions after the “chill” went into effect. 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 SEC File Number of the aforementioned registration statement, a Form S-1 filing, is 333-164844, which said registration statement was declared effective by the SEC on May 11, 2010. The “chill” applies to the resale of shares covered by this registration statement. The “chill ” fortunately does not apply to existing publicly traded shares of the Company which are out in the market place. The holders of the “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 breaches 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 $885,000 as of June 30, 2011 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 and costly 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.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
No, there are laws against excessive noise, even during the day.
What you have is a situation where if you hustle into court, it just so happens that the electic and water fuses are on his side of the duplex and he's going to shut them off.
Paul Knopick
pknopick@eandecommunications.com
949.707.53365
The DTC has heard much worse. Trying using Goggle and see what other companies have had to say. Further, the CBAI filings at the SEC have clearly pointed out that we don't regard what the DTC did to the company to have been acceptable.
Re: My example. There is enormous loss. Loss of peace of mind, sleep, the right to enjoy my home. Plenty of injury worth a lawsuit. But maybe a lawsuit that drags on for four years isn't the best thing to do if I'm still living next to the fellow.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
Well, only a court ultimately can decide what is "true" and what is "false," what is legal and was is illegal. But the company has an obligation to let shareholders and potential investors know what happened to it and I regard this as fulfilling that obligation.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
Using my example, if I were asked by another neighbor about the loud music at night, I'm not going to deny it. I'm going to be honest about it. But it still doesn't mean a rush to the courthouse is in order. The company has an obligation to its investors to discuss what the DTC did to it and has done so in SEC filings and in this interview.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
The truth, we believe in telling the truth, and that is what Matt has done.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
Let me try this out on you.
Say your neighbor plays his music way too late and way too loud.
Illegal: Yes. But do you sue him? Considering perhaps that perhaps you share a driveway, perhaps he drives all the kids to school etc. There might be better alternatives.
In this case, just because we regard what the DTC did as extraordinarily harmful to the company doesn't mean the best alternative is to rush to court. And again, if we did take such a step, it would be announced in a proper forum.
Paul Knopick
E & E Communications
949.707.5365
Regarding some of the postings, this is what CBAI said in its SEC filing and this is what it stands by:
"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 after the "chill" went into effect on December 14, 2010, as well as all shares newly freed from private placement sales restrictions after the "chill" went into effect. 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 SEC File Number of the aforementioned registration statement, a Form S-1 filing, is 333-164844, which said registration statement was declared effective by the SEC on May 11, 2010. The "chill" applies to the resale of shares covered by this registration statement. The "chill " fortunately does not apply to existing publicly traded shares of the Company which are out in the market place. The holders of the "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 breaches 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 $885,000 as of June 30, 2011 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 and costly 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."
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
Paranoid reply? I'm doing my best to answer your questions but there is a limit. I think we've reached that limit.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
The issue is that for whatever reason the DTC does not tell you exactly what troubles them...so how can you "fix" whatever it is?
There are plenty of examples of this on the Internet.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365