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The bashers got some cheap shares and now CBAI rebounds. Sometime this week Obama will sign an executive order lifting the stem cell ban and he wants Congress to enact legislation as well.
Good post Mega. The number of a/s isnt material until such time as they are sold to the public. The company wants a higher pps. Obama approving stem cells will be a boon to this entire industry. CBAI is going to benefit. Thursdays pr talks about the company reducing $1 million in debt, this hasnt even been discussed here.
http://www.reuters.com/article/pressRelease/idUS136866+12-Feb-2009+PRN20090212?symbol=CBAI.OB
SANTA MONICA, Calif., Feb. 12 /PRNewswire-FirstCall/ -- Cord Blood America,
Inc. (OTC Bulletin Board: CBAI), the umbilical cord blood stem cell
preservation company (http://www.cordblood-america.com) focused on bringing
the life saving potential of stem cells to families nationwide and
internationally, is pleased to announce that between January 1, 2009, and
today, it has reduced its long term debt by approximately $1 million.
The Company previously said in press releases and CEO interviews that a major
focus is to reduce debt and strengthen the Cord Blood America balance sheet.
The mentioned debt was either converted into equity of reduced by principal
cash payment. Cord Blood America said the effort to further reduce debt will
continue throughout 2009.
CEO Matthew Schissler commented: "It's a start. De-levering our balance sheet
coupled with strategic growth and acquisitions are the primary goals for 2009.
I'm certain shareholders would agree that removing debts will help put the
company in a strong position for long term growth in the stem cell industry."
About Cord Blood America
Cord Blood America (OTC Bulletin Board: CBAI) 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. (OTC Bulletin Board: CBAI), visit our website at
www.corcell.com. For investor information, visit www.cordblood-america.com.
CONTACT:
Paul Knopick
E & E Communications
949/707-5365
pknopick@eandecommunications.com
I didnt see any announcement of a pr today on the wires.
Its going the wrong way .....
Sounds about right.
Flip it a couple of times imo.
The real issue is breaking through .02 . Thats become a huge wall.Its going to take news I think to get past .03.
Where are the bashers ? They must have their cheap shares and are ready for a run.
I think we will see at least .025 by EOD.
market maker
I will never hold anything against investors from selling their shares.Its a personal decision. Some folks just play the momo.I like the business CBAI is in and I bought in at .009 so I can sit and wait.
Who's to say he isnt a big buyer right now ?
Someone's buying shares.
The mm's needed shares.I think we will head back up before lunch.
They cant meet payroll on revenues ? Thats absurd. I doubt that major shareholders like Blue Shield would like to see their investment diluted.I have found though that bashers always play the dilution card at some point. Unlike alot of pennies this company is fully reporting and making money. Dilution would not be smart if a CEO wants to attract new money or be the target of a buyout. If I were the #1 or 2 company in this field acquiring the competition would be a smart move.Short term this stock will rise as for the future who knows ?
Why do they need to dilute this ? They have a pretty good cash flow. I suspect CBAI will be bought by one of the others in this field.
Mega you ought to no that there are no sure things in penny's.This stock hit .025 this week before falling back on profit taking. It is well positioned to move higher like the other stem cwell plays.
Wall at .01 gotta break through.
We need to be over .02 to set up for Monday.
People are always looking for runners so I expect more buyers coming in.This could be a 10 bagger.
.02 !!
While trying to be cautious I think your estimate will happen today.
This is a group play.
Remember ALWAYS take profits and ride your free shares.
I am expecting .02-.03 by week's end.
Gonz I think I have seen you bashing on other boards.This is a stem cell sector company and will run.Throw out fundamentals.Tues a company ran just because it had stem cell in its name it certainly had no sales or even stem cell research.In fact it used to make aircraft parts and yet it still ran.I just had to shake my head.
I think what you are seeing now are the day traders taking their 15-20% profit on this morning's start.Good volume and if it keeps up may see a 100m share day.
I dont see any evidence of dilution.
Bought into this today.All the stem cell companies are seeing alot of activity the past couple of weeks.Cord is going to see upward movement just like the others.
How many shares do we get of Hacketts if we are a bag holder in Seaway ?
We saw the pullback Friday.Monday should begin the next leg up.It seems to take alot of volume to make this thing move though.
Coming back weeee. I got that tingly feeling in my leg.
It may need need a pr to break the .01 wall.
Shares are being snapped up as soon as they are sold.Could be a big day for ACTC.
No way of knowing if this is done or not. Watch and wait.
Why is this stock running ?
Nice increase today.
So why do you waste your time posting about a pos stock ?
Short term play is the only play in penniland otherwise you will be a bag holder.
Its good that someone [probably the company] wants the share price to be at a significant level.With some solid news the stock could then go to maybe $10 a share.
Up to $3.25 this AM on a buy of 100 shares.If we got some volume this thing could go higher.