Retired CFO
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I don't remember where but the CEO said owning his own storage facility would further improve gross profit. And no doubt all inventory will be moved. He will also be doing his best to fill it up with inventory from other small companies he can buy. He said as long as he can buy companies that are cash flow positive he will pursue them. We're in for a treat on this one for sure. GLTA
You know this CEO is now going to aggressively go after smaller stem cell companies to fill up his new storage facility. This is going to be fun to watch.
I saw a stock run from pennies to .50 in a matter of hours a couple of months ago. And the company didn't even have any revenue yet. Unreal.
I like the way you think. And I agree that is certainly something that could happen. Then I would probably be selling some. We all know these penny stocks run wild sometimes so really the sky is the limit. Who knows. But we will find out. GLTA
OK. Sorry.
Here is my strategy on CBAI. I'd be interested in what others think?
Between myself and my girlfriend we now own 15M shares. I would like to buy 5M more giving us 20M total. Then next year if they have 2B shares outstanding and do a 20 to 1 reverse split, afterwards there will be 100M shares outstanding and we will still have 1M shares left. And I think this thing easily gets to $1.00.
Any thoughts? Problems? Thanks.
GLTA
Well if you've been reading my posts you know I'm very optimistic on this stock. But I don't even believe this stock gets to .85 until a reverse split happens. I wish. GLTA
Just bought 3M more shares at .0034
I really don't follow it that closely because I know the price will go up in time. But I might buy some more yet.
This stock will soar once the dillution is over and as they post 2Q and 3Q earnings. And won't stop climbing. A reverse split is in order but not until next year when the stock has reached it's true value. But I don't expect that to hurt this stock either. GLTA
We have a new filing with the loan details. Comment? I have only briefly checked it out at this point.
This thing is not going anywhere till the dillution is over. I think the CEO will more or less let us know when that time comes. And in about a month we will get 2Q financials. Just ignore it till about November and you will be very happy IMO.
Laura, I just got back on tonight. You also just can't stay away can you. And you live to antagonize folks. I use to have someone work for me like you but her name wasn't Laura. Are you as cute as you are smart?
I still own this thing. Dillution seems to be the lifeblood of all penny stocks. Hey Chris, have you asked the CEO why the TA is gagged and if they are dilluting? I'd be interested in his response. Might tell us alot.
And one more thing. I'm convinced the CEO took up the A/S so much in order to avoid a hostile takeover if one should occur. He started this puppy from scratch and I think he wants to see it thru. Doesn't mean he would turn down a terrific buyout offer leaving him as the CEO though. GLTA. A lot of great things are coming our way IMO.
And there is no doubt in my mind this stock would have been over .005 today if it wasn't for the dillution. In time. Patience will pay well.
Just don't think that is going to happen. I expect a reverse split, but not until next year. Could be brutal if they want to get on the NASDAQ. But it doesn't bother me. This is not a pinkie. So a reverse split to me would hold it's value fine and go up from there.
This CEO sees his opportunity to gobble up the other 26 small players once he gets his own storage facility. He has already basically said he will only buy them if they will be cash flow positive. With the debt being greatly reduced CBAI will be profitable and cash flow positive soon. I look for 3rd quarter results being released in November to really move this stock up. But there will be other news along the way. We need first to get thru the dillution.
GLTA
Can't respond to PM's. PM me and give me your email address.
What makes you say that? Can you confirm? Regardless, the news today is huge in my mind. Now the sky is the limit. GLTA
I wish I had been able to record the conversation. He kind of caught me in the middle of something and I was so surprised to finally hear from them. I think he said they were going thru the approval process and in line. Not sure what that meant, but maybe talking about becoming an Oil Operator? Just guessing here. I did try to tie him down on the financing since that is my biggest concern and before he stopped himself, saying he really just can't say much, he seemed to start to say that was a done deal. But not in those words and stopped himself before going further. Seemed like a very genuine conversation. I mentioned the stock tanking and his response to that was he was aware of that but "couldn't put out a PR right now", like he thought that was what I wanted him to do. That's about it. He did say he was trying to return a few calls and I think he does know I'm a large holder. Curious if anyone else got a call? Haven't heard from Oilman today though. GLTA
That's funny. I thought he said Amber truly and just now got the connection. Been busy today. Hey now I have his phone number as it was different than any of the Aret numbers, but same area code.
Did anyone else get a call from Chuck Amber at ARETE? Wouldn't say much but said things are progressing. I was very surprised. Tried to pin him down on if the financing was a go and he seemed to almost say yes but stopped himself and said he just can't say anymore. GLTA
Awesome
Please allow me to pontificate about what I said earlier regarding cash flow. The CEO of Cord Blood started this company from scratch when stem cells were barely being discussed. So I feel he knows this business and certainly wants it to succeed.
Now once he buys a storage facility (which I feel would be cheaper in this market than building from scratch), he will start eating away at the other 26 lesser players in the cord blood collection business. Lets say the facility he ends up with is less than 50% utilized, after storing there own inventory. As he buys smaller companies his cost barely changes for storage as he depreciates the same amount regardless of utilization. He only has to amortize the cost he paid to buy that company. So while his profit may still be at a loss on a P&L statement, his cash flow improves. Depreciation is a non-cash expense and is an addition to cash flow.
Eventually, the storage facility becomes lets say 75% utilized. Now he is generating cash and profit. That's what I feel he has in mind and I totally support that vision.
GLTA
I'm certain I own more shares than you.
Last post. I think what Laura is saying is that the investor was promised nearly 500M shares at a minimum for the paying off the loan. I think.
OK, I'm otta here. 5 messages deleted.
Something is fishy Chris. How else can we explain this stock not moving up on that news? Just doesn't make sense other than dillution.
Truthfully, the only way I see this stock not moving up today is dillution. Just my opinion.
As far as I'm concerned, California trying to pass this law only further shows the importance of storing your child's cord blood. And as stem cells are found to cure more diseases this will be a common decision for new parents. Stem cell cures have only just started so anyone saying storing isn't necessary doesn't have a clue.
How is California going to pay for there cord blood storage. IOU's? lol
Your post puzzles me. This is a real company with audited financials. They aren't dilluting to squander your money. They need to get this company on a solid financial condition and that requires paying off past debts. The CEO has said he expects to be cash flow positive after this. If you know anything about running a growing company that is more important than showing a profit. CBAI has a 50% gross profit and we're told it will improve once they obtain there own storage facility. Which is being financed by a "private investor". This stock can only go in one direction. up, once the dillution is over and 2Q and 3Q financials are announced. I have 10M shares. So if they do a 1 for 10 reverse split I will have 1M shares. And the stock goes to $1.00 next year. IMO as a former CFO.
I can't get to the link. Can you repost? What's it all about?
Is this the week? Hope so. GLTA
Then don't buy. But I personally don't expect anything like that to happen this year and IMO the stock will be close to .10 by years end (after 3rd quarter results). Then obviously a reverse split but unlike pink sheet penny stocks this stock will move on up nicely even after the reverse split. So not concerned. GLTA
Thanks
So this is only the Wyoming oil and gas property? Do you know what counties they are in?
Oilbull, maybe you can send me a private message with your email address so we can email privately?
Have you spoken to anyone at DNR or Tindall? If so, do they admit to anything. I've tried searching the court documents there in Arapahoe County Colorado and find things from both but nothing in the last couple or years.
In case anyone doubted Arete owned the pipeline in Campbell County Wyoming go to the link below and search ARETE INDUSTRIES. Says the property they own is valued at $1,060,187 and the taxes are $3,668 due twice a year. They have been paid up to this half which are now due.
http://www.ccgov.net/assessor/online/property/srchdata.rsp
Now we just need to confirm they bought or still plan to buy the oil and gas leases. But finding proof they own the pipeline helps make me think this is still a viable company. By the time I'm done with my DD I might even buy more shares.
For the weekend I'll choose to be optimistic. My hope is they have submitted the documents to get back on the OTC BB and will announce everything at the same time, including being approved to return to the OTC BB. That would be nice. GLTA and have a great weekend.