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I am expecting it to drop below a dime initially if the news is BAD... then the question is how much it will bounce... I think we can expect it to initially fall off of a cliff like last time followed by some people seeing a big buying opportunity. That will push the price back up to a certain point most likely... it will be interesting to say the least...
Do we see CTIC dropping below $0.05, at least initially, if it does not receive FDA approval for Pixatrone? I mean if it went down to $0.12 a share after being rejected by the FDA review panel, it may drop further after the FDA officially rejects it.
What does anyone else think??
True... it closed at 0.01... which was important... hopefully Matt has more news lined up for next week so we can build on a penny. Have a good weekend...
I am sure you are right Myth. Matt probably isn't happy with the response to these deals.
But the bottom line is each deal Matt makes should have an impact on the value of Cord Blood America. An investor will ask themselves: "How is this deal going to add value to CBAI, both to the company business and the PPS?" If an investor feels the deal will add value, they may choose to invest in the company. If they do not feel the deal will add value to the company, or don't know (because there are no financials to look at and determine if there will be added value) then an investor may choose to remain on the sidelines. Hopefully Matt will announce something is the future showing enough value to get the people with short hands and deep pockets to invest in CBAI...
If you are looking at CBAI trending upward from December... then yes you are technically correct. All I am saying is I don't see enough strength this time around for CBAI to break through 0.0105... which is what they need to do. In order for this to happen, apparently they are going to have to have another new article which is juicier than the AXM Pharma one (and attach good financials along with it). And this will attract more buyers which will create the buying pressure necessary to break past 0.0105.
I hope you are correct, I just see a lot less support on Level II right now than I did earlier this morning. And if we don't close at 0.01 or higher, I see us slipping back to the mid 0.009's again...
I hope you guys are right... I am simply looking at Level II and don't see much support until 0.0090. Then again, I see a gap between 0.0105 and 0.0135 on the resistance. So like I was saying this morning, CBAI needs to break 0.0105 to make a good run... The last 2-3 times CBAI has jumped over a penny it has hit a wall at 0.0105 and then retraced into the 0.0090-0.01 range...
I hope you guys are right because it looks like it's about to fall under a penny... and the next stop would be in the 0.0090-0.0092 range...
Hard to tell if CBAI is gonna break through the 0.0105 wall or if they are gonna pull back under a penny...
It's having a hard time getting through the 0.0105 wall though...
Right now CBAI is stuck at 0.0104.... if it gets past 0.0105 I think it will run...
I agree with you Myth... we need to hear how this translates to revenue for CBAI.
The MM's have got to be holding this one down, hoping people will get frustrated and sell... just be patient and it should run... this is real news as opposed to a "fluff PR" IMO...
Does anybody know what kind of revenue stream this acquisition of Stellacure GmbH will generate for CBAI?
Why would you guys expect this stock to shoot all the way up to .30 on no significant news? I doubt very much you will get a 52 week high out of XSNX without any substance... the market and today's share-price drop seems to be telling us that...
Here's a question for everyone to chew on: If CBAI announces any type of acquisition being completed or plans to go through with a specific acquisition at this time, do you think the share-price will rise above January's high of 0.0197??
When are we expecting the 4th quarter financials to be released? Does anybody know?
Does anybody know if the FDA panel has rescheduled their meeting that was supposed to take place tomorrow?
Does anybody know what the latest time-line is for Generex getting their Oral-lyn product through the phase III trials and possibly getting the FDA approval to be sold in the US?
If you are just a day trader then maybe you should get out... this stock will be moving up and down in the short to intermediate term depending on news. Long-term you should do well. But if you are just looking for that daily flip, maybe you want to go find some other daily plays...
Dew: Stick around man... you are an excellent resource to this board and we appreciate your contributions.
This is a tough little stretch for CBAI. Everybody had high expectations of the company and PPS leading up to the grand opening. Speculation nearly drove us to 0.02 a few weeks ago. Since we did not break over 2 cents and no BIG contracts or acquisitions were announced thus far, most CBAI followers are "disappointed." Now we have to wait for meaningful news before we will approach that range again. Since the lab is now open, we know that Matt is trying hard to fill the lab. Like you and others have mentioned Dew, it takes time to complete deals (due diligence periods, lawyers going back and forth...) Once Matt does have a announcement about filling the lab via acquisition and/or contracts being signed and we are told about what kind of monthly/annual/one time revenue it will generate, then you will see the PPS go up higher and have a chance to stay a bit higher this time if there is residual income.
Everybody just needs to stay patient and not freak out about the unknown. Just my thoughts...
EDWARD:
What do you see the key support level(s) as of right now after today's sell off with CBAI? On Level 2 it looks like $0.0075... is that what you see also?
Thank you
Same here Myth... me and my 800k shares... I agree... If acquisition /contract news is announced tomorrow the shorts will get squeezed big time!
Serafin1982: You think we can get at least to 0.03 by Friday or Monday with some kind of real acquisition or contract for storage? I just keep thinking that what's gonna get us up higher, not necessarily the opening itself. I think the opening has gotten us to where we are now... What do you think?
Quick question to the board:
This may sound silly, but what makes you think that CBAI would get bought out by another company? They are just opening a huge storage facility and Matt has stated that he wants to grow the company on acquisitions.
There are a lot of reasons for optimism with the company, but with the share count where it is and the fact that they do still have to sign contracts to fill the warehouse in order to generate a monthly, quarterly and annual stream of income... how would you figure another company would come along and offer to buy out CBAI w/ an offer none of us including Matt could refuse??
Thanks
EDWARD: Hopefully CBAI will have no problem breaking the 0.02 resistance level if an acquisition is announced this week... is there any key resistance point above 0.02 if we get great news and huge buying volume?
Dew: At what point do you think a share buyback program or more a R/S would actually be beneficial to the company? After one or two quarterly financial reports this year or after the first few acquisitions?
Eventually I would think Matt will want to get out of the pennies range and get into the dollars range while reducing the OS count... that would also help CBAI get on the NASDAQ... just curious on your thoughts...
Mortimer: some people are taking their profits. I just did the number crunching and to sell half of what I have and to pick it up 10% cheaper would only yield me 2-4K more down the road... versus the risk of the share-price taking off further forcing me to re-enter at a higher price thus reducing the number of shares I previously had. To me it's not worth the risk to take profits now. I know the PPS is going to go much higher than this. I don't think I can imagine selling any of my position before the lab opening. Although I would expect a large amount of profit taking and selling off after the lab opening... just my opinion. Good luck to you...
Bitty: Why are you so concerned about CBAI's OS count and any dilution that has occurred when the PPS keeps going up? If you had done your DD on the company you wouldn't have sold prior to the lab opening... =)
ThomCa-ching: then what do you think could be a realistic PPS throughout the year after any partnerships are announced or made public? .05? .10? .25?
No point in selling right now... Youd be crazy to sell for a few hundred or a few thousand and risk missing the erruption throughout the grand opening and PR's likely coming out leading up to the GO... hope you all are enjoying this like I am!!
Does anybody think we can get to 0.05 by the opening on the 22nd of January on speculation/hype of the new lab alone or will we need a 2nd announcement (debt reduction/debt retired completely) to get there?
Fivestar,
So after they go through the Chapter 11 proceedings, this will wipe their debt out, correct? If so, when they issue new stock w/o the debt, picking up any shares would have the upside of any contracts and sales the company can generate as well as the toyota case, while not having to dilute the stock to finance their operations. Am I correct?
Does anybody know when the S1 one is supposed to be approved?
How long do you think it will take for the shareprice to go under a dime though? Doesn't seem like there is much buying or selling at this point...
Kip... when is the grand opening of the Vegas Lab supposed to be roughly?? Before the end of the year??
What is the best estimate on where the share-price here can be once the company has the grand opening of their new lab facility in Vegas and once they announce they have retired more of their existing debt load?
Fivestar... like I have been saying, if management continues to do nothing or say nothing, the share price will continue to drop. Like you mentioned, they need to make some sort of earth shattering announcement (news on the Toyota case, financing other than dilution of shares, or a monster contract).
Again, I know it would have been and could still be a slimy move, but I'm not sure why they didn't just issue a bunch of shares when the share price was around $2.00 to pay down/pay off their debt. None of us would be shocked and it would have cleaned up the mess a bit. Now if they come up with that idea they'll have to issue twice as many shares to get the job done...
We shall see...
Interesting how they had all of these PR's lined up prior to the RS and now they don't have much.... again: if the company doesn't come out with any positive news (a big contract, restructured debt eliminating the fear of dilution up to 50m shares, or a real update on their Toyota case) the share price will continue to decline sharply in fear of further dilution and lack of trust in the officers running the company.
Fivestar didn't you call out under a $1.00 in 30 days or was it one week? Could be under $0.50 by next Friday if they don't come out and say anything...
they might as well go the dilution route now and issue those shares for as much as possible while there is still some value on them. Then at least if we go back down to below 20 cents or lower most of the debt or all of it will be paid off...
It could have... but it likely would have been due to speculation on the Toyota case and not based on revenues... but hey... us shareholders wouldn't have been complaining right? The problem I see here post RS is that we can't see a floor for where the share price here could drop to if the company doesn't provide any PR's to generate interest. Until they do so, people will sell because of fear of dilution and uncertainty. Before when it hit .002 you knew it couldn't go much lower. Now it can. Everyone must do their own DD and select the entry point that best meets their needs. But be careful.
GLTA