Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
NEWS..Cord Blood America Becomes Alliance Partner of National Association Representing All U.S. Health Insurance Plans
Mon Nov 8, 5:42 AM
LAS VEGAS, Nov. 8, 2010 /PRNewswire/ -- Cord Blood America, Inc. (http://www.cordblood-america.com) (OTC Bulletin Board: CBAI.OB), the umbilical cord blood stem cell preservation company focused on bringing the life saving potential of stem cells to families nationwide and internationally, is pleased to announce that it is the first cord blood stem cell storage company to become an alliance partner of AHIP (America's Health Insurance Plans), a national association representing nearly 1,300 member companies providing health insurance coverage to more than 200 million Americans.
AHIP members offer medical insurance, long-term care insurance, disability income insurance, supplemental insurance, stop-loss insurance and reinsurance to consumers, employers and public purchasers. AHIP also provides a unified voice for the community of health insurance plans, with the policy goal of providing high quality, affordable coverage to all Americans.
"This is an excellent opportunity for Cord Blood America to let these premier insurance providers know about the importance of storing umbilical cord blood at birth and the value of insuring the procedure," said Matthew Schissler, Cord Blood America co-founder, CEO and President. "We intend to take advantage of our ability to provide these companies a case study on the value of stem cell storage and to attend conferences where we can meet insurance executives face-to-face."
"We view this as another example of Cord Blood America being ahead of the field, in front of our competitors, with a business strategy that focuses on letting the gatekeepers in the industry know about the value of the service we provide," Mr. Schissler said.
About Cord Blood America
Cord Blood America is the parent company of CorCell, which facilitates umbilical cord blood stem cell preservation for expectant parents and their children. Its mission is to be the most respected stem cell preservation company in the industry. Collected through a safe and non-invasive process, cord blood stem cells offer a powerful and potentially life-saving resource for treating a growing number of ailments, including cancer, leukemia, blood, and immune disorders. To find out more about Cord Blood America, Inc., visit our website at http://www.corcell.com/. For investor information, visit http://www.cordblood-america.com/.
Hopefully there will be BCBS storage evidence,but i doubt it since there was only seven days worth possible in this report. Overall i'd like to see very little if not no evidence of dilution along with a nice increase in revenue,nothing crazy but a gradual rise. Don't know how the BioCells purchase will affect earnings,most likely lower them in this quarter since the whole purchase price will be reflected. IMO the next 10Q in mid February is the one that will give us a better idea and IMO add shareholder value,unless Matt pulls off a major acquisition in the fourth quarter,which obviously isn't a bad thing if its the right one.
Mr.Long. Not sure if this has any relevance to CBAI..
http://contracts.onecle.com/cord-blood/pharmastem-license-2004-01-01.shtml
Scroll down to see who signed as CEO of CORD PARTNERS, INC.
This is probably old news that i'm not aware of.
Very well said tbk420. That pretty well sums up what has happened here. It was making me sick to my stomach reading all the "i know Matt better than you do" or "i was at the opening so i should know" type stuff. It was making me focus on the company and my investment in a more solo type fashion otherwise listening to this dribble would make one second guess on what they are doing here. Mr.Long again just for the record there are many here who greatly appreciate your input,so don't let a few put a damper on yourself as well as others who enjoy your posts. Hope to have you back soon. By the way,i don't think we see much news until after mid-terms/10Q.
Is there a reason you can't share this "milestone" information with us? I know,you'll tell me to call the office and find out for myself,but do i(we) seriously have to wait until Monday?
Throw in another 3,200,000 here.
All i'm saying is if this coming 10Q is weak(can't see it being worse than the last one),Matt better release a PR with meat to it before then. Or this is being set up for a bit of a drop after 10Q to provide a great entry,then a meaty PR will follow. Who knows.
Bottom line..We will get there sooner or later. If CBAI has commercial contracts already in place=sooner. If not we will grow at a steady pace with our geographical positioning,along with the insurance alliances that goes with them. The stem cell sector cannot be stopped. Technology has a history of thrusting forward,despite of any outside resistance. Have we reached bottom? I think so. Seems to be no more signs of dilution,we'll find out for sure in a few weeks. Does CBAI generate enough revenue to stay afloat? I think so. Kind of strange to be looking to add employees if they do not. Its onward and forward from here,with many announcements coming in the short term. This is bottom thanks to the OS,but it was necessary to position ourselves(new lab and global positioning). OS can be corrected with either increased revenues or Matt gets some major investors on board(BCBS already on?) As an investor,if you have a bit of time on your side(2-3 years)its a no brainer. Private storage alone will increase dramatically over the next few years once stem cells become mainstream,that is unavoidable.
This 10Q may not have sufficient evidence regarding medical necessity,if in fact we are storing(i sure hope so). Being that the quarter ends September 30th,that leaves only seven days of revs that will be reported.
Well we will find out(more or less) in a few weeks when earnings come out if we were storing for BCBS out of medical necessity. September 23 the law became real where insurance companies have to pay,regardless of pre-existing conditions. We'll see if CBAI has been storing in this regard since then. Mr.Long put up great numbers regarding this,and if its happening this stock is going break big time.
It appears so. 6 out of 39 on the mainland,and now this in Hawaii. I'm waiting for the pr that is going state the details in our commercial contract with BCBS regarding medical necessity storage. Thats the bomb,i mean Matt clearly stated on the radio show the "contracts" he has in place with various insurance companies in the U.S. We'll see.
Ahhhh..The strategic placing of the PRs has begun. I think we are going to see many more in the upcoming weeks,infused with strategic timing and priority.
I hear ya Sub.
Mr.Long..For whatever its worth i appreciate all the time you spent putting together information you gathered in an attempt to clarify the direction the company could be headed to. Your speculation(IMO)was mild in form,due to the facts that were applied(and always with links). If they sounded a bit much for some,that is just their opinion combined with your obvious and human reaction to how this could turn financially huge for yourself(along with the rest of us of course). I for one would like to see you stick around. Always enjoy your posts.
I think you shouldn't hold your breath. Whats the difference really if you get in at .004 instead of .0038 if you have faith in the company? Unless your patiently waiting for .0038 so you can trade it to .0042 and make a few cents.
Yup. Once .0045 is broken we should see a nice little run(pending news).
No doom and gloom Steve,everything remains the same as far as company operations are concerned. A few opinions on this board hit a little cross road,no big deal. It was bound to happen with the lack of pps rise over the last little while. I think everybody is waiting for a meaty pr,instead of the usual like the last one we got updating China operations. Enjoy the sun until we get there.
Neck,you got a link?
It means they are still exploring ways to reward the loyal shareholders. Did you expect a pr announcing the reward a day after the closing?
That is because nobody does know,except for Matt and a few others. Mums the word it seems like. You got to like it.
Dew. Notice the uncomfortable silent pause between Matt and Dr.O'neill when the Doc mentioned the new bag CBAI has starting using a few weeks ago? It does sound eerily similar to the bag Viacord has the rights to. You think the uncomfortable pause was due to almost divulging inside info on a Viacord/CBAI partnership?
Very interesting Dew,but is it the exact same bag?
Dr.O'neill sound like a typical bar fly you would meet at any neighborhood pub. I'm not saying he doesn't know his stuff and isn't good at what he does. From now on i think its in the best interest of the company if Matt puts on muzzle on the good doctor. Let him inform through his literature only,please.
To me,Dr.O'neill didn't sound educated and informative enough for a doctor who has been in the field for over 30 years.To much stuttering and indecisiveness. Maybe he's just a bad public speaker. I don't think he did CBAI any favours today. We need Matt in a solo interview to educate potential investors. He needs to knock one out of the park come Nov.22nd.
Yes you heard that right. At least that is also what i heard. He did specifically say "contracts with" not affiliations with.
Been a while since i've seen the bid at .0041. I know its nothing to write home about but it is a small sign of life,combined with decent volume today.
Ok,thanks.
Maybe some surface work to be done to the parking lots? Who knows. Do you live in Vegas? Just wondering if you do,could you possibly go by next week some time and give us an update if you see anything worth reporting?
I'm wondering if the cones and tape were up for the last few days due to the visiting of government officials(security reasons). There may be some more visits early next week,so i guess they'll keep it up. IMO.
Keep in mind as of right now,its only 10:30am in Vegas. There is a lot that can still happen today. Maybe we will here something later on this afternoon.
I agree. When the news officially gets out regarding the BCBS(grants) specifics,watch out. OS correction to follow and then..you know.
Nice. Smart thing if you got some expendable cash floating around. I can't wait to hear about the political visits this week.
Wow. Is it safe to say we are all in "anxiously awaiting" mode?
Where did i state that CBAI's involvement is controversial? I stated any type of stem cell discussion is deemed controversial to the general public. The difference between UCB stems vs ECB is not yet in the general public's grasp. The dems and the republicans are not going to involve themselves this close to mid terms in an area that is still unclear to the majority of VOTING Americans. What the voting public wants to here is how their lives can be made for the better,NOW.
Chatam..I know that and you know that,but the general VOTING public don't know(yet). The general public will not be educated on this subject by mid-November.
Obama isn't going anywhere near stem cell involvement pre-mid term. Its still an unclear,controversial subject to most. Main focus will be on job creation and plans for deficit reduction. The fact that CBAI is also about job creation,we may get a nice little surprise here.
After mid term,this sector is going to go nuts.
Any chance of it being re-defined so it would appeal to the officials who are against it? I know its already passed but re-defining to everyone's liking could be beneficial in avoiding future setbacks. JMO.
Another 10mil in a matter of minutes.
Good question. You would think they would want to physically check out the facility before handing over a large sum of cash. You have to ask yourself why else would government(both state and federal)officials be visiting the lab? Remember these aren't FDA officials or standard inspection institutions visiting. Something is in the works.
Yes! Matt stated federal politicians will also be there(facebook). From Agent's recent post..
Here ya go Pits; (Link)
"... We have a number of politicians, both state and federal, who are coming to visit this week and next, to get a tour of the facility."
Matt Schissler/FaceBook/Oct 11, 2010.
http://www.facebook.com/pages/Special-Event-Management/378012819322#!/matt.schissler/posts/150914304950253?il=0¬if_t=feed_comment_reply