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I was never on the dark side. I always walked down the path of reality. Whether I had my shares or not is irrelevant to my opinion of the company, the SEC takes care of share issues.
GLTY
Welcome to CBAI2
Without a doubt , for sure, the stock is being diluted. So please don't frustrate yourself with the stock fluctuation. Your fortune (or at least good profit), is not contingent on dilution, it is the end result of dilution which matters to our investments.
If your here for flippin your investment will be trippin.
If your in until the market catches up with the product. The last golden opprotunity to buy is now.
The dilution is in order for two reasons. One to stay afloat. Secondly to buy one of the 2 LOI companies. Neither of those 2 are CcelMEx ~ which will close some point after September. Two short months from now.
Once the dilution for the purchase is complete- there will be an approx 129 million o/s - with a cash flow positive company, sitting on near 1ook inventory valued at 1000 a piece.
The company will become more stable in relation to less dilution for bills, yet will begin to become top heavy in relation to shares v inventory. Inventory being what companies in the industry are valued from. Meaning the depression of the pps will continue into the middle term (2012). The pressure of this dilution will begin to lessen at the top, which will mean a depression contiunuing to try to rise, sorta like an improving manic depressive.
When the stock goes on Prozac, meaning in between periods of dilution it will rise faster and stronger, settle back at a higher level than previous reflecting the continuous organic growth of the company ~ for which the continuing insurance partnerships will become very clear. ITs fruition ( and it will be very strong) once the market catches up with the product. Sometime after 2015 when the majority of the clinical trials come to fruition, and the direction of stem cells wil be decided for the next 20 years.
Until then CEO is going to buy as many of already processed stems 2 around 300/piece. I beleive he should pay very close attention to the legal cost of this, and should factor same into this cost, as legal entanglements and processing can spin put of control very quickly.
The availablilty of processed stems will be fluid until industry consolidation is complete. When complete the industry will have several global companies, heavily regulated, which will be engaged in collection, processing,buy, selling, matching, and transportation of stem cells throughout the world.
The company which focuses on becoming the gatekeeper of the industry, meaning contolling the matching and contract administration will have the chance to have a pps in the realm of Google by the end of the decade, contigent on a widespread practical, primary application of stem cells, with the best chance of same coming after the clinical trials of 2015.
CBAI2 is not a gurantee and by no means will be a leader in the industry anytime soon. The former is concerning. The latter is a golden (rare) profit opprotunity.
Investors should continue to be concerned regarding the amount of dilution dedicated to options. They should only be awarded at this point, if tied to tangible,measurable financial benchmarks . We should also be concered at the continued use of Tangiers for financial support. This is NOT quality financing and is not the investors promised for the need for the r/s. These should continue to be concerns of the long term investor.
When the 3 aquisitions are complete there will be approx 200 million shares outstanding. If there is no market demand progresssion, the company o/s will be top heavy in relation to the industry and a second correction will be necessary. If a primary use univerisal disease is discovered, meaning stem cells become at least a common secondary treatment for a global disease, CBAI2 pps will easily handle 225 million shares.
I personally voted against the proxi ~ I didnt like the ratio, I didnt want to give up a good thing. I have little doubt of the success of CBAI- I wanted to keep as many of my shares I could. The best I can do know is seize the golden buying opprotunity window that exist right now to add as many shares as I can, now. Once the LOI are bought, the cheap shares opprotunity will be gone for a long time.
If stems cells end up being a wash then your investment is gone anyway. I'm "banking" signifigant investment capital stems cells will be a signifigant part of a new era in medicine and CBAI will be a signifigant force in the medical revolution we are witnessing today.
If the 3 LOI are complete this year. I could see a $2 pps would be out of order, with the pressure of same coming very quickly shortly after the end of dilution. Until then, pps fluctuations don't matter as they are dilutuion = manipulative based by nature
Most Importantly-- AIMHO, GLTA- Happy belated 4th of July~ the fireworks are about to begin!
Do you think dilution supressed the pps today?
We were heading toward .57, What do you think happened?
If he dilutes all year this year, think we will hit $1.40?
Do you think you lost any ownership % yet?
Kinda looks like the same pps pattern since the grand opening run, and all thru the last 14 months doesn't it?
This is a pretty disturbing start, don't you think?
GLTY AIMHO
CEO wants to dilute at a high price right?
-- CEO says need the r/s to buy ccmex
-- Cmex hasnt closed
-- pps dramatically goes up, now crashes down.
-- same pattern over the last 14 months during a 1.4 bill dilution.
-- if shareholders let CEO continue to raise revenue via this technique-- We are the Fools.
-- shareholders should demand this continous dilution.
-- CEO without even 1 consideration to let the pps alone to naturally rise and maintain this rise, continually destroys the pps thru dilution.
-- CBAI can have a bright future if shareholders would wake up and demand CEO take his finger off the dilution button.
-- If CEO cant after 7 billion shares figure out how to fund CBAI with out the dilution button, he needs to step aside.
-- Fool me once shame on you, Fool me twice shame on me.
If you wnat to make money on this stock, its time for investors in a unified very clear voice to CEO - STOP THE DILUTION NONSENSE, AND DONT EVEN THINK ABOUT AWARDING ANY OPTIONS, UNTIL THERE IS A REAL RETURN ON INVESTMENT FOR SHAREHOLDERS.
AIMHO/ GLTY/A
So the day of the reverse split we get news that Bio Cells has become a competitor of CBAI in Florida.
So the CBAI salesman in florida(I hope there is one, or were in serious trouble) now competes for business with the BIO Cells salseman.
The PR touts the exceptional storage procedures of BIO Cells , yet the samples are going to be stored in las Vegas?
So instead of going full force from vegas with salsepeople to the "underserved" Miami population so CBAI can obtain 100% of the revenue generated.
On Glorious R/S Day - we are told that Biocells is entering the US market where ever sale they make reduces or US revenue to 51%(thats how much of Biocells we own). On top of that those samples will be stored in the Vegas facility. Every one stored eats up or tank capacity and reduces the revenue for that space by half.
What is going on here?
The CMEX deal is 2 months late. CEO needs to get his act together, or the next step is investor requested SEC investigations, and after that investor lawsuits.
CEO deserves none and should be afforded no slack, Its time for him to get the job DONE.
Investors foolishly gave CEO Carte Blanc again, after a 7billion share dilution which lead to neg cash flow. RIDICULOUS!
Where are all the sleeping tiger videos and all the lemmings? No where to be found.
Its time to demand an independent board of directors, an equally important and independent compensation committee.
AIMHO GLTA
i got to go right now, i will respond later tonight when i can give your post the attention it deserves.
GLTY
How long have you been in the stock?
Yes dilution has been used mostly wisely, with possibly the exception of the option awards.
Thats not the point. The reward to LONG shareholders was ONCE DILUTION IS OVER AND THE TRUE PPS BEGINS TO EMERGE ONLY THEN WILL CEO ADDRESS THE SHARE STRUCTURE ~ CEO words not mine.
The REWARD to LONG shareholders should have been a naturally rising pps AFTER dilution was over and PRIOR to a share structure change. In between that time period IS the reward to "loyal ~long" shareholders.
CEO is diluting all the way up to the split. Wiping out that gap, thus destroying long reward under the 7billion s/s.
Its not that hard to understand, unless you have only been in the stock for a couple of months, which then naturally you wouldnt understand.
Which is likely how CEO got his vote.
Not one word from the CEO as to why he didnt leave the pps alone and stop diluting) and let the tru pps emerge prior to the split (which everylong with any sense knew was coming). It's the reason why CEO has lost integrity with so many "loyal shareholders".
Ask yourself these questions? How many shares have the CEO and top five purchased with their own money? How many shares and options have they been awarded? How many have they sold? What are their salaries? How many interested bearing loans have they provided CBAI? How many paid contracts have they been given? Other than for aquisition, infastructure, and organic growth, where have the funds of the 7 billion dilution gone?
There has been loyalty rewards under CBAI1, unfortunatly they are concentrated amongst a few at the real expense of many.
AIMHO GLTY
I agree CBAI is solid. Good things will come. I have been saying that all along.
What the farce is, prior to CEO turning CBAI1 into CBAI2 he should have done what he said he was going to do and let the true pps emerge. Whether that would have meant a nickel IDK. Myself as well as DEW mid last year thought that it could.
CEO has never even acknowledge the fact that dilution is the real reason the pps has been held down. 1,500,000,000 shares sold from the CBAI treasury over the last 14 months, with 500,000,000 of them coming since December 2010. You dont think its has been dilution holding the pps down? With all the positive news over the last year? What do you think the selling of 20% of the a/s shares in about 500 days going to do to a pps? Its going to destroy it.
The issue of the proxi as it has always been is who is going to own CBAI2. Longs lost that fight. The vote allowed CEO to wipe out the debt owed to longs, and to give the majority of owenrship to others.
Most were blind to the fact the vote was also about wether longs were going to get the promised "loyalty" reward under CBAI1. That reward to be realized once dilution was over ~ not my promise, CEO's promise to me (/U).
Had CEO done the RIGHT thing by his "loyal investors" he would have held off on the proxi request until the true pps emerged under the 7 bill share structure, allowing a nice ROI under CBAI1. Longs would have been rewarded, he could have had his r/s ~ a/s, he probably could have gotten the 500 r/s, as longs would have been nicely rewarded under the 7 bill s/s.
You might be able to spin a justification of CEO actions, I cant.
Seperate CBAI1(7billion shares) and CBAI2(225 mill). There are 2 different rewards. Yes voters just volentarily gave up the first reward.
AIMHO GLTY
The pps has been stagnated plain and simple due to a 1.5 billion dilution over the last 14 months, which likely continues today. Why wouldnt CEO sell off the remaining shares prior to the split? Of course he will.
Just like he has been pushing the pps down, thru dilution, everytime it tried to rise over the past year and half. Check the 2 yr charts and check the vloume. Look at the news that came out right around same. Look at the times during that period the pps began to rise, look at what happened and you can start figuring it out.
Had the CEO during this period taken his finger of the dilution button, just for one quarter, investors would have had a nice ROI, as the news over the last 1.5 years has been positive. Which was putting an upward pressure on the pps, only to be smothered by immediate dilution.
I cautioned investors numerous times prior to the vote. If longs wanted a ROI longs need to vote no to the r/s ~ a/s forcing CEO to take his finger of the dilution button and onto the organic invetory accummultion button.
Had investors had this foresight it would not have taken long for the pps to move to 2 cents and IMO it would have pressured a nickel.
Most would have had a nice ROI. All it would have taken is a quarter or two of no dilution. All it would have taken is to stop diluting for just a few months, to let the pps naturally abosorb the positive news. But no...
Insteasd investors cheerleaded and came up with every wacky scenario as to why the pps was on the verge of exploding. Rather than seeing it for what it is.
CEO could have done the right thing by long investors and voluntarily taken his finger of the dilution button, but instead choose to dilute 20% of the company over a year and a half likely nearly all the way to the day of the r/s.
a very low rent thing to do to long investors. Longs who voted for the split have no one to blame but themselves.
CEO for the past year and and half has purposely(i'm not saying maliciously) pushed the pps down via dilution.
He had to have understood what this was doing to the pps. He has never said anything about it, so I can only assume he didnt care.
The CEO could have had his r/s ~a/s eventually, longs who understood were simply asking to leave the pps alone for a couple of quarters to let it rise naturally as it was trying to do in order to get the "loyal shareholder" reward CEO promised but chose not to deliver.
CEO stated when dilution is over and the tru pps begins to emerge, only then will he address the share structure ~ well thats not what he did.
What he did was dilute all the way up to the addressing of the share structure, not allowing the tru pps to emerge. Why did he do it? ~ Well that's a question I am sure alot of longs would like to know the answer to, as the emerging pps after dilution is the "reward" CEO promised. That the 2 cents to a nickel in a 7billion share structure.
Quite frankly, those longs who voted for the split- blew it for themselves and for everyone else.
AIMHO GLTY
good prose.
Thats the ruse of the whole thing. This has never been about IF CBAI is successful, its about who is going to own it when it is, as well as the deliberate pushing down of the pps thru a 1.4 billion dilution in the last 14 months.
The CEO had a choice to go into the vote with a strong pps, or a weak pps. He choose a weak pps at the detriment to the long shareholder who would have benefited from a rising pps . A pps that tried to rise 3 times during this period, only to be massively diluted downward. diluting even after the proxi announcenment, helping to slash the pps in half.
Its not the fact he diluted, its the How, why , and when thats should cause a fuduciary duty concern for current shareholders.
keep in mind what CEO said regarding the 7 billion a/s in 2007
http://www.facebook.com/video/video.php?v=1449002357309
After listening to this, if any current sharholders, thinks its in their best interest and the best interest of CBAI to give CEO a 180 share blank check (75%) of the entire companys worth, then they have fallen for the ruse. He is going to redistribute and concentrate the ownership of the company into fewer larger hands. The debt owned to the current shareholder after the r/s will be gradually forgotten, as the a/s are distributed to others.
I think most current long shareholders see thru this, and CEO realizes this also. CEO likely ensured his yes vote with an approx 1/2 billion dilution after the 500 proxi announcement, but prior to the march vote cutoff date. In order to counterbalance what he had to know was going to be a resounding NO from long shareholders.
Thereby setting up the swing trader (and securing their vote) at the expense of the long investor. which is the ultimate slap in the face to the investor. Not only is he stealing the long investors ownership, and defaulting on the debt owned to them, his doing it when their value is at its lowest point. Not even allowing them a choice to stay with his plan or get out.
Its the reason why CEO has lost his intergrity with true longs.
AIMHO GLTY
I would suggest every investor listen to this audio interview by the CEO before they put in their final vote tommmorrow(yes you still can change your vote)
http://www.facebook.com/video/video.php?v=1449002357309
-- Sounds alot like what he says in 2011 in explaining the need for the r/s and a/s.
-- ITS NOT! Its 2007 when he explains the need for the 7 billion shares authorization.
-- Pay particular attention to him explain the difference between a/s and o/s. Sounds like he was going to get all that he needed in the future with that a/s.
What Happened?
-- Heres a question? From this interview until today, how many CBAI shares did the top five management purchase with their own money? How many did they sell?
-- After listening to the interview, Does anyone here think he isnt going to use the 180 mill a/s? If so get to school your late for kindergarten.
-- The vote is NO (to all 3 questions) its time for substance over words.
-- He can have his vote at another time, right now get to work filling the tanks organically, (like he said he was going to do in 2007- we had approx 20k then,just like we do now) it will give him plenty of "valuable assests" and cash to leverage all he wants.
AIMHO GLTA
IDK, but it really seems CEO either has a total misunderstanding of what it means to pay off debt. Or he has a complete understanding and he is puposely defaulting on the debt.
I have repeated it and repeated it -- but it truly is the only concept that needs to be understood about the r/s
The r/s is the defaulting of the original debt, that has NEVER been paid off. The CEO talks about he paid down the 10 million pre dilution debt.
SCREAMING AT INVESTORS-- THE DEBT WAS NEVER PAID OFF, YOU AND ME HOLD IT IN THE FORM OF SHARES( each 1 an IOU to the debt) THE CEO WITH THE R/S IS GOING TO DEFAULT ON THE DEBT TO YOU AND ME.
THE CEO KEEPS SAYING HE HAS PAID OFF THE DEBT! HE IS EITHER DILLUSIONAL OR IS LYING TO THE INVESTORS.
THE ONLY ACCURATE STATMENT ABOUT THE DEBT THAT CAN BE MADE IF THE R/S HAPPENS, IS CEO DEFAULTED ON THE DEBT. BIG FAT PERIOD .
Its that simple.
If he does it once, I surley wouldn't take the bet he wouldn't do it again.
It is very important for current shareholders to understand this. CEO keeps trying to convince shareholders he has nearly eliminated the debt. He Hasn't. He has transfered it. He has been transfering it since he started the company, and the debt continues to grow.
I would like the CEO's answer to this question, Is an individual CBAI share a debt obligation of CBAI?
AIMHO, GLTY
If CEO needs the true long shareholders vote, he will never get it.
I suspect his dilution actions over the past 6 months has ensured his yes vote to the detrement of the owenership of the long shareholder, which I will prove in a post later today.
There is NO excuse for this, as for the past several years CEO has made promises that his actions will be beneficial to the long shareholder.
CEO with a vote passage will simultaneously get the authority to DEFAULT on his debt obligation to current investors and to redistribute that wealth to others at his choosing.
Those trying to package this as a positive are doing a great disservice to CBAI and are fooling very few.
Whether the vote is a yes or no vote, current investors should demand a vote of confidence in leadership, as well as demand a signifigant change in management structure. The ability of management to award options. An elmination of contractal services by CEO wife. A full accounting of the other endeavors CEO is involved in and why he is involved. A full accounting of why he sold shares and shortly thereafter awarded himself more options.(he reason his lawyer told him to say for personal reasons will no longer suffice). A demand for an independent Board of Directors. A demand for short and medium term organic revenue targets, with CEO pay and position dependent upon meeting those targets.
The CEO should get the benefit of the doubt no longer. CEO has been given the benefit of the doubt for a LONG time. No more, he has proven he doesnt deserve it.
The CEO actions over the last 6 months regarding dilution (not the fact he did it, but why, how, and when, were direct assaults on the current long shareholder ownership position, the same people that have been giving him Carte Blanc, out of a position of trust for over 2 years.
CEO has destroyed this trust, as well has destoyed longs investment.
CEO has proven he has a fundemental flaw in the understanding of what it means to pay off a debt. CEO believes,(as he has never made a statment acknowledging) that company shares do not represent real debt. He is dillusional.
CEO pulled one of the most callus things any CEO could do to "loyal shareholders". He announce the proxi vote on a Friday after business hours, then massively diluted that Monday ensuring the value of his "loyal shareholders" investment would plummet, and the proxi vote of his "loyal longs" will be irrelevant.
All longs should be disgusted and should turn there back on the CEO. Dont sell your shares, demand management change. THis is not the CEO company, that ceased when he went public. CBAI is a public company, safeguards in the management structure should refelct this. A difinitive management succession protocal should be demanded.
I have been a strong advocate of CEO and his actions, until the last three months. His actions over this period of time have no defense from a long shareholder perspective. Anyone that defends them is as dillusional as the CEO. The nonsense that he wont use the a/s , is just that- nonsense.
CEO may get his yes vote, at the cost of his integrity. The "loyal shareholder" today has lost the majority of their investment, and the debt CEO sold them will be defaulted on, but at least they will still have their integrity. CEO doesnt even have the decency to try and build revenue for a few quarters after he takes his finger off the dilution button, to allow the pps to react with out being minipulated by dilution.
CEO is at a loss as to why someone put a chill effect on the stock. REALLY? Has no clue? Right! Maybe it has something to do with a 1.4 billion dillution over the last 6 months, and a coming up on the last of the treasury shares. It has taken someone from the outside to try and protect the interest of the current investor from the actions of the CEO.
It really, really is a shame.
AIMHO, GLTA
Thats the amazing part.
CEO really thinks he has paid off the debt.
HE HASN'T. He transfered the debt to 7 billion IOU's - that he is about to default on.
AGAIN, HE HAS TRANSFERED THE DEBT TO 7 BILLION IOU'S- THAT HE ASKING TO DEFAULT ON - THE R/S.
Not only that after defaulting leaving current debt holders with 25% of their IOU's, CEO wants to then issue 180 million more IOU's, or 75% of total IOU's. Creating the same negative pressure on the IOU's as the 7 billion IOU dilution did to the original 225 million IOU's.
Maybe think about each share as an IOU's rather than shares. Then POOF! Magically the debt CEO says he paid off magically reappears.
So you dont believe the billion + dilution from jan 2010 thru today had anything to do with the decline in the pps?
Interesting.
GLTY
No, but thanks for refreshing my memory.
GLTY
Has he stopped diluting?
The answer to that question will give you the answer to the other.
GLTY
LOL, I'm VERY familiar with CBAI and what they want to accomplish.
I smile at some of the new posters that think that investors on this board arent familiar with the fundamentals of CBAI.
They might do themselves some good to start reading the comments from investors on this board that have been here awhile more objectively, they likly will start getting a better understanding of the past, present and future of CBAI.
Those putting a completely positive spin on everything, even the clearly negative events, are as bad as those who continually go negative even on obviously positive events.
I'm Very familiar with CBAI mission statment. I recall the agonizing days on this board reading the debate why the Mission Statment was changed from the largest, to the most respected storage company in the world.
Truly laughable stuff.
GLTY
If that is something you said before,
I didnt know so I didnt steal it from you, if thats what your talking about.
If you said it previous, I agree with you.
If you meant something else I'm not sure what your refering to?
GLTY/CBAI - Hopefully he comes out strong next week, with real numbers/news, not hope. If not, if he needs the vote, he is going to have a serious problem.
AIMHO
bedtime
Dont stray too far, this is a GOOD Buy, you decide when.
The issue with the proxi is more about ownership of CBAI, rather than is CBAI a good thing or not. CBAI is a good thing, for sure.
The proxi? Who is that good for? Well that entirely something different.
AIMHO GLTY
The 1st 1/4 of 2010 the pps hovered between .008 / and 1 cent. With two distinct pops toward to a penny.
Starting the 1st weeek in April continuing thru the middle of July the pps was destroyed. A popped happened mid to late july and another in september. In between and up to the current situation the pps has been obviously stepped down.
During this time period 1 billion + a/s shares were sold into the market. What do you think is the cause of the .0021 pps of today?
What do you think will happen to the pps, once there is no more dilution?
Dont waste your time just click on the i=box and read the filings.
Anybody who didnt think he wasnt going to spend all 7 billion is blind. The longs who thought he wasnt were listening to what he said (or lack of saying), rather than watching what was happening.
He basically did a good job with it.
The question is do we give him another blank check?
You wont find the answer to that searching google. Anything you find there, that isnt 15 minutes old, has already been washed thru the board.
AIMHO GLTY
The info your posting is real, where your getting it IDK.
GLTY
LOL, Good Find!
You should at least be complete and let everyone know when it was posted. Then its not skewed, dont you think? Fuzziness in messages, leads to confusion, dont you think?
Sunday, April 25, 2010 11:00:16 PM
Re: None Post # of 58477
Your right, I knew he was diluting, I didnt care. I knew what he was doing with it. It the reason why it was authed in the 1st place. I said dilute away. My biggest issue with any dilution was the options he was directing to the top 5.
I dont have an issue with the dilution. I do have an issue with wiping out the debt thru a r/s and rediluting before the positive results of dilution are reflected in the pps.
In the post I ask why not go after the cords for their resale value 30k. If the value in the industry is the stem, why not own them? do you think that is what the CEO is means when he wants to buy valuable asest worth 1k?
If so why spend millions buying companies, when they are right there in the hospitals waiting to be taken- for free? The vast vast majority still are being thrown away.
Wheres the cash? Do you think its time for CEO to start showing us some? His plans have been on the drawing board for awhile now?
I dont disagree with the plan. Its the tools he is asking for, and the manner in which he is asking that has me concerned.
==================================================================
locksflooring Share Sunday, April 25, 2010 6:24:49 PM
Re: morley480 post# 30371 Post # of 58478
Morley as we all know,We cant prove Dilution here until the next Filing . As far as we are aware of there not Diluting.
=================================================================
Did he fool you like he fooled Dew? You were standing right there when the CEO told Dew he wasnt diluting, right?
He didnt fool ME then, and he isn't fooling me now. There is no way I voting to give someone(s) else 75% of my claims to ownership to someone else (including to top 5 options awards- ie-unrestricted a/s)) at a time when I know the companys about to take off, just on the organic growth revenue. Based on the reasoning CEO is trying to portray. He needs to start making alot more sense, and acknowledge one thing, THERE IS A DEBT THAT STILLS NEEDS TO BE PAID! Its part of the $10 million he keeps saying he paid off. Just like you, I hold millions of those IOU's.
If I did, I would be the ~ fool.
You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time.
Abraham Lincoln
GLTY
Hey double D.
I think your idea sure has merit. IDK how the mechanics of it would play out.
It becoming clearer and clearer CEO has made a serious miscalculation regarding who the longs are who hold CBAI stock.
I think the majority of us got into the stock as we see a tremendous opprotunity in a Amazing technology.
When Longs clicked the BUY button on their various trading platforms over a year ago. I think most at least had a moment where they said to themselves, I cant think of a better place to put my hard earn money. Entrusting it in a Company and Dynamic straightshooting leader embarking on a mission to be # 1 in providing a critical component to improve and possibly extend the
life of a World population. A technology that has a tremendous potential in a whole myriad of ways.
An investment with a purpose beyond the ordinary.
Patiently, with defence to the CEO even when there seemed like there was something wrong. Instead accepting the reassurance of the CEO that he was laser focus on profitability, and was keenly aware of his "loyal shareholders".
A year plus later - the Long shareholder sits on a precipice of a decision to determine the direction of the CBAI.
YES or NO? is really- YES - status quo- (wash and rinse and do the same thing over again, at some point becoming profitable, barring lawsuits,finacing issues, DD). Or NO - a different approach (the proven industry way to profitabilty, ~organic growth~ <--- thats not an opinion thats a fact).
The Long shareholder comes to this decision with knowledge of several things.
1. there was a billion plus dilution after the grand opening
2. dilution was not use to buy Biocells and Stell, they were bought with the $16 million he already had. Of which he has about 4.4mill left in credit lines. The reason he needs $14mill in a/s to buy cmex for 17.5 mill, he already has 4.4 of it.
3. Ceo sold 75 million shares during a period of a 1 billion + dilution
4. CEO awarded himself (ok BOD) millions of shares during this same period.
5. Prior to the 1 bill + dilution the pps rose to .0197.
6. CEO has reiterated he has all but paid off the $10million in toxic financing.
7. CEO first came out with a need of a 500/1 100 s/s proposal,.
8. CEo adapted this shortly later, and said it would not impinge on current plans
9. The aquisition strategy has resulted in 1 profitable purchase- Biocell, 2 non profitable(to date) purchases- , China, Germany. A lawsuit immediately after a LOI was announced, Possible legal action on a bankruptcy loan held by CBAI, a shipping of just purchased equipment to a company we have a 15% stake in, The Las Vegas lab to date is non-profitable.
10. International Blue Cross has a behind the scenes relationship with CBAI that is not fully understood.
--- If CEO believes Long investors will give him carte blanc a second time with all those ?'s hanging around longs minds- He has made a serious miscalculation. -- Unless he doesnt need the votes.
I agree, there should be an accomodation to shares held over 1 year. What form that takes- (shoulder shrug), as long as it preserves the long investors current ownership, permanently- the package its in wont matter.
AIMHO GLTY
Might not hold up in court but a quick revist to history does validate what Pitt says.
Dew, if you dont know, is without a doubt one of the strongest supporters of CBAI and the CEO. A VERY STRONG supporter. Also holds upwards of 50mill shares. He would have had absolutley NOTHING to gain to say the things he said in the below post. NOTHING! It would be totally against his nature to make up things CEO said to him
As you will see in one of the post he is confused as to why the pps was dropping like a rock.
Did the CEO fool him? We can all judge that for ourselves.
Maybe their were others there that heard the same thing, or at least can validate what Dew posted? ANYONE?
As you can also tell those words resonated with some investors, some that are very upset today. Should they be?
Take it for what its worth. The FACT is after the Grand Opening in Vegas Jan 2010, there has been a Billion + dilution
GLTY
---------------------------------------------------------------
AS: 6.945,000,000
OS: 5,692,564,026 as of 11/09/10 (source: 09/30/10 10Q dilution: 419M in the last 3mos)
http://investorshub.advfn.com/boards/show_ibox.aspx?boardid=3650
The aggregate market value of the common equity held by non-affiliates of the registrant as of June 30, 2010, based on the closing price of the common stock as reported by the Over the Counter Bulletin Board on such date, was approximately $25.7 million. The registrant has no outstanding non-voting common equity.
The Registrant had 6,815,696,764 shares of its common stock outstanding as of March 15, 2011, and no shares of its preferred stock outstanding.
List hereunder the following documents if incorporated by reference and the Part of the Form 10-K into which the document is incorporated:
http://sec.gov/Archives/edgar/data/1289496/000135448811001028/cbai_10k.htm
==================================================================
morley480 Share Tuesday, January 26, 2010 8:19:31 AM
Re: Pitman33 post# 22959 Post # of 58453
Jan. 6th release, Matt said remaing debt was "minimal" - open to interpretation but he has been clear that debt reduction and strengthened balance sheet was a priority so the company could grow without further dilution.
Many who were at the Grand Opening said Matt was very clear: no futher dilution. Dilution finished.
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serafin1982 Share Monday, January 25, 2010 10:53:27 AM
Re: serafin1982 post# 22566 Post # of 58454
this is not a bashing statement I'm just thinking out loud. I wonder if maybe Matt has a huge acquisition lined up and needed to get the money from that financing deal that would cause a little extra dilution, hence why this is falling. I know we all thought that was far away from now, but is this a possibility? I have no idea, I'm actually asking a question here
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Dew Share Monday, January 25, 2010 11:28:08 AM
Re: serafin1982 post# 22569 Post # of 58454
Matt told me eye to eye he is no longer diluting. Done. This is the MM's trying to make a buck on investors. And as for an acquisition, he said the lawyers have to work thru all the details for any acquisition and that can't be controlled just by him. So no announcements until all the details are completely done. And I have no info on how long that will take.
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Dew Share Tuesday, January 26, 2010 9:22:05 AM
Re: bitty post# 22951 Post # of 58459
Bitty, he looked me right in the eyes and said no more dilution. Also said no reverse split anything soon. "Why would I" was his comment
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Agent92260 Share Monday, January 25, 2010 11:34:58 AM
Re: Dew post# 22605 Post # of 58455
That's the most valuable (off-the-record) post I've seen in a while. Thanks.
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bitty Share Tuesday, January 26, 2010 9:56:59 AM
Re: Dew post# 22980 Post # of 58459
Awesome!!! Thanks, Dew!
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theDolphin Share Monday, January 25, 2010 12:42:09 PM
Re: Dew post# 22605 Post # of 58455
i picked up 50k shares today. i bought them directly from all the nervous nellys out there...
thanks
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Dew Share Monday, January 25, 2010 2:28:55 PM
Re: upoldman45 post# 22715 Post # of 58459
Maybe. But how do you explain a fall this far this fast with no news and excellent volume? Pure manipulation
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Dew Share Wednesday, January 20, 2010 5:43:05 PM
Re: mrvegas post# 21213 Post # of 58459
Grand Opening attendee list.
Alibi
Bleedamerican
birdfluismoney
Cylenol
Swllm
Dew
Eco
Karin
Locks
Rob in the Market
Scott
ThomCa-ching
MrVegas
No, the market cap was cut in half by a billion shares dilution over the past 14 months.
The 500/1 r/s announcement was the cover to dilute about 1/2 billion shares.
Unless investors start getting an understanding about this, they will be confused as to what the r/s~ a/s means.
The PRIMARY reason CBAI pps is where it is, is due to -DILUTION- between 01/2010 ~ thru 04/2011 BIG FAT PERIOD.
AS: 6.945,000,000-
check the 3/31 10-k now o/s are 6.8 billion
OS: 5,692,564,026 as of 11/09/10 (source: 09/30/10 10Q dilution: 419M in the last 3mos)
OS: 5,273,093,131 as of 08/09/10 (source: 06/30/10 10Q dilution: 195M in the last 5mos)
OS: 5,078,132,870 as of 03/24/10 (source:03/31/10 10K dilution: 192M in the last 3 mos)
OS: 4,886,468,478 as of 12/30/09 (source:12/31/09 S-1 dilution: 318M in the last 3 mos)
OS: 4,568,253,327 as of 11/09/09 (source:11/03/09 10Q - dilution: 1.95B in the lst 3mos)
OS: 2,611,087,327 as of 08/10/09 (source:08/14/09 10Q - dilution: 1.03B in the lst 3 mos)
10/01/2009 e-mail from IR re dilution... #msg-42102303 <-- see below
Market Capitalization: $25 Million dollars (5B x .0.005pps)
Revenues:
2009: $3,237,183
2008: $4,169,949
2007: $5,811,267
2006: $3,328,336
2005: $2,099,463
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10/01/2009 e-mail from IR re dilution... #msg-42102303
samalone Share Thursday, October 01, 2009 8:20:55 PM
Re: scotyler100 post# 7963 Post # of 58361
Email response:
Paul Knopick
to zakaria.bensel., me
show details 2:52 PM (4 hours ago)
Management’s perspective:
If they don't like debts being paid off and a clean balance sheet, then they are not right for our stock. I'm concerned with the long term, not the intraday trades.
Paul Knopick for CBAI
Please stop the dilution for CBAI, it's getting old. How about a stock buy back instead? You want investors, well we're here. Keep diluting and we will be gone.
---- -------------------------------------------------------------- any poster who glosses over and tries to minimize this GLARING FACT, I would dismiss their post.
AIMHO GLTY
There is-- there are 3 of them. cmex is 1 of them.
That's why he wants 75% of the company in the treasury.
GLTY
CEO has already said.
If its a NO vote he is going to continue to move towards the # 1 cell company in the world via organic growth.
If its a YES vote he is going to use the shares, to fund aquistions, fund operations, bring the German lab into profitability, Option awards to employees. Or not use them at all(yeah,right).
China Cord Blood - projects to add 57,000 stems to their invetory this year via organic growth. CCB has 57 million in cash.
Cmex- has added 8k new stems to their invetory each of the last 3 years. cmex has cash in the bank.
Ccel- has 9 million in cash, and state their main revenue is from organic growth
Las Vegas CBAI lab- 2 placenta storage contract, capacity for at least 100 k stems. Revenue up 28%.
CEO over the past year has gotten involved with 5 major deals.
Biocells- profitable, Stella Cure-not yet profitable, China - not yet profitable, Vivicells- may need legal proceedings to get them to honor the deal, CMEX - law suit filed.
Looks like organic growth causes alot less problems than aquistions does. And puts alot more money in the bank.
I'm not against aquisition just pointing out what really has gone on.
What happens if the vote is YES or NO? What do you think will happen?
AIMHO GLTY
No it hasn't. Which goes to the heart of the issue.
Over the last two years CBAI has not ELIMINATED the debt. They have TRANSFERED the debt to investors thru 7 billion shares.
Just like they transfered it from credit cards, to private investors, to debt finacing, to toxic financing to 7 billion(approx) shares.
The DEBT REMAINS.-- It looks like this 6,800,000,000 o/s / .0023 pps
as opposed to paying Tangiers, and JMJ financial in stringent time schedules, with severe penalties for missing payments, and very non favorable terms.
I dont think most were opposed to using dilution to eliminate this situation, but I think most do have a problem with a CEO who deosnt acknowledge the debt remains and who its now owed to.
IT IS THE REASON THE R/S ~ A/S IS SUCH AN ISSUE.
UNDERSTAND ****** THE DEBT REMAINS!!!!!!!!!! YOU HOLD IT!!!!!
The r/s~a/s proxi is an attempt to ELIMINATE the debt to current shareholders r/s and transfer ownership a/s of CBAI to new investors.
This isnt a debate about IF CBAI will be successful.
Its a debate as to who is going to OWN CBAI once the trees (nev,ger,arg,spain,insurance relationships,China,etc,etc of the 7 bill dilution start bearing fruit, which is happening right now.
CBAI is up 28% in revenue, placenta contracts, the start of the CHina lab, etc,etc.
The 7 billion dilution for the most part worked. Top 5 management hold 1 billion (approx) shares, which is an isssue, but should not overshadow the principal that the DEBT REMAINS AND THE CURRENT SHARHOLDERS HOLD IT.
DONT be distracted by the nonsense on this board about who is pro CBAI and who is ANTI CBAI. The constant pumpers are as misdirected as the constant bashers.
The debate is NOT whether CBAI will succeed, that success is occurring NOW! The debate is who will OWN CBAI when it does.
The only reason for a current investors to give up any claims(shares) on the company would be if CBAI is BROKE. The CEO stated if the vote is a no, they will continue thier strategy to become #1 in the world, thru organic growth, a slower process. This tell me CBAI is NOT BROKE.
Therefore a NO vote does not destroy CBAI ability to survive.
AGAIN, IT SHOULD BE VERY CLEAR TO ALL. THE DEBT REMAINS, THE CURRENT INVSETOR HOLDS IT!!!!!!!
AIMHO GLTY
IF you dont think he is going to use the a/s. Then why doesnt he let me keep them so I can use them.
Why take my (and yours, and every other invesotrs) shares (that we have paid for) for a possible IF down the road?
Wouldnt it be better for current investors to hold on to the maximum amount of shares, especially if as you believe he has no plans on using them. (which I'm not sure is the case, as he is pretty clear on what he plans on using them for).
This allows the current invesotor to USE their shares to lock in some profit and keep a solid core position, in what we both agree is a company about to realize strong organic growth.
If he has no plans on using them, whats the rush in taking them?
Especially, Do you agree?,since he has been selling 2 billion shares since jan 2010. Right?
I'm not judging the dilution. But believe investors should have a full undestanding of the events of 2010 and the 1st 4 months of 2011, as to what caused the problem with the pps performance.
You stated you thought the .0197 was just hype, I disagree I think it was the beginning of a company embarking on a path to solid growth, with a pps to rise as the company became stronger.
Seems like the obvious reason for the destruction of the pps was a 2 billion (it was actually more) dilution.
He used nearly 7 billion shares since 2006, you dont think he is going to do it again?
Maybe not, but for the health of your investment & for the health of CBAI (involved in very important potential life saving products), wouldnt it be wise to at least put some restrictions as to what the a/s can be used for?
What about the CEO statment - only after dilution is over and the true value of the company begins to emerge will he address the s/s.
Seems like he trying to address the s/s at the same time dilution is going on. How is the true pps ever going to rise if CEO moves directly into the mode of eliminating the dilution debt immediatley after the final dilution of the original 7 billion a/s.
Wouldn't you like to see what the pps does for a awhile after dilution is over? If it went up to .0197 based on hype, what do you think the pps will do now when its no longer HYPE, its 4 labs on 4 continents, placenta processing, increase of 28%, agreements with several health care providers? Is the 7 billion share company worth a nickel? A dime?, 2 cents? 1 cent?, 3 cents? I sure would like to find out.
Doesnt seem the CEO words are being validated by his behavior.
It seems CEO lack of clarity regarding the need for the a/s - as you even state you dont think he will use them, is hampering current investors acceptance of the proxi proposal.
I would guess most people vote no to what they cant clearly understand. Its human nature to default to caution in the midst of confusion.
AIMHO GLTY
Your absolutely right, in everything you said but one thing.
What do you think would have happened to the pps when the pps hit .0197 in Jan 2010, if the CEO wouldn't have started diluting from then up and thru today approx 2 billion shares?
GLTY
Very wise words.
I think it is the biggest thorn in longs side.
Why did he dilute 2 billion shares in 14 months, all the way up until a chill order was placed, and beyond?
When he told a long at the grand opening dilution was over.
Now immediately the pps was held down for 14 months, due to this dilution. CEO is going to immediately r/s to default on the debt, then load the treasury with 75% of the new shares in order to do the same thing all over again, without even an acknowledgement to the year plus shareholder(long) that he is defaulting on the $10 million orignal debt, at their expense. (they hold the debt in shares)
On top of that his actions are benifitng the flipper and day trader.
When CEO is on record that he will look to ways to reward the "loyal shareholder" I would like to here CEO definition of a "loyal shareholder". I guess it means someone who follows CEO blindly.
If CEO wants TRUE Loyalty (ie a yes vote) then he needs to show true loyalty to the bank accounts that help get him to the tipping point of success.
That debt doesnt have a interest % or a hard date the next payment due, but its a true debt in its own right.
If the long invesotrs chooses to be blind to the fact CEO is about to default on the original $10 mill debt they hold, without even acknowledging it(CEO says the debt has been nearly paid off, He couldnt be FURTHER from the TRUTH!). Then I feel worse for the investors.
As The farmer(ceo) is telling them(longs) he is leading them to a grass filled pasture, but really he is leading them to investment slaughter.
The new investor is going to the grass filled pasture, to be fattened up (invesment drained) in order to be lead to slaughter at a later time. As once 225 million are out there, the o/s will be overwieghted again, and another r/s likely will be necessary.
Hopefully the next go round the new investor now, (the future long) will be lucky enough to be acknowledged and may CEO will buy back the shares, or have their shares exempted from a future r/s.
The contempt most longs have for CEO is over this issue. If CEO is doing it because he figured out a way where he doesnt need longs yes vote, is rubbing salt in the wound.
OUT WITH THE OLD MONEY,IN WITH THE NEW MONEY, THRU MANIPULATING THE S/S IS A VERY BAD WAY TO RUN A PUBLIC COMPANY.
NEW INVESTORS DONT CARE-- BUT EVERY LONG SHOULD BE UNIFIED IN ONE UNDERSTANDING.
The Current long investors hold the original $10 MILLION debt, IT HAS NOT BEEN PAID OFF. CEO IS ABOUT TO DEFAULT ON IT (R/S). The positive pps that occurs after the split, and the increasing revenue - 75% of the reward will be reaped by a group of future invesotrs (a/s) as the shares are released again.
Vote yes if you want, but at least dont be naive as to what your doing when you vote yes. Your authorizing the default of the debt oweded to you, and a redistribution of 75% of te wealth of the company redistributed to others.
If that makes sense to the long investor -- then they might want to go back and re-read their High School Logic Book.
AIMHO, GLTY
---
Agree,
I think the biggest issue for longs(those holding longer than a year) regarding the r/s~ a/s is that.
CEO doesn't so much as acknowledge their is a group of people still holding the original 10 million in debt, that he is about to default on.
His blindness to this IMO will be what causes him the biggest issue in trying to get the proxy to pass.
I dont think MOST longs will accept this. Whether or not there is enough to force an acknowledgement of this thru a neg proxi vote. Time will tell.
GLTY
How many shares held do you think are long? (held more than a year).
Maybe he could exempt those shares from the split-- not counting the top 5 options- that are worth approx a billion shares.
How many long shares do you think there are?
Curious on your thoughts
GLTY
Thanks for your feed back, I agree with your line of thinking.
The quetion I was asking though, was:
Do you think CEO needed the proxi r/s~a/s prior to having the money to buy CCEl?
Do you think the answer to THAT question compromises CBAI at all?
Sorry about the confusion.
Thoughts?
GLTY
It seems thats the question most investors want answered prior to the vote.
If he already had the money and the r/s~a/s is and additional to it.
I would think current investors would resist the proxy as with the purchase of cmex it would put in our tanks inventory numbers 75% of that of China Cord Blood -ccb 100k vs 141k. He reached "Mass" with ger/arg acq-CEO stated, Which I am taking to mean capacity and labs as opposed to invetory. He reaches inventory with the cmex purchase(70k) + 8k new a year.
He has a US lab and China lab that should start producing strong revenue. He has a lab in arg producing revenue. A ger lab thats still a ? mark.
If he already has the money for cmex our cash worries with with what I think every long is confident of, solid organic growth from here on out. We now have 4 labs on 4 continents. Much different situation than 2009.
China Cord Blood expects to increase their invetory to 180k from 141k by the end of the fiscal year. That's 40k cords in a year.
CBAI reach is now much greater than CCB. We are pulling off a market including our CHina lab of about 2 billion people. How could our tanks not be filled very quickly? We already know how quickly the industry is growing.
I'm not sure where I see the SLOW organic growth. I can see a modest leverage scenario to buy capacity and equipment, to process and store the stems that have to be right out our front door(S). They have to be right in front of us, dont you think?
So what is the need for the massive amount of leverage?
Would CEO had asked for the same leverage( r/s~a/s) prior to buying CCEl?
It seems thats the golden question. If he didnt need the proxy, would seem that would mean he already has the money for ccmex. If he would have had to ask for the proxi then it makes his case for the proxi much stronger.
Do you think the answer to that question would compromise CBAI at all?
Curious on your thoughts.
GLTY
Do you think he would have needed a r/s~a/s to buy ccel those two times he made offers?
I agree, I think thats the "knock me down with the feather moment."
AIMHO GLTY