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Thnx for posting.
Paul Knopick
E&E Communications
Actually I didn't verify anything. I spent hours trying to teach this fellow how to read financials, but it was hopeless.
PK
Signing off of IHub.
Can be reached at pknopick@eandecommunications.com
949.707.5365
Paul Knopick
Signing off of IHub. Can be reached at
pknopick@eandecommunications.com
949.707.5365
Your third paragraph, about a contract ending, is simply fantasy.
We enjoy working for BIEL and, quite frankly, its investors are knowledgeable, anxious for FDA clearance and Canada, but in the main supportive and excellent to deal with.
E-mail me with any inquiries.
Paul Knopick
pknopick@eandecommunications.com
Can anyone tell me what management has been doing at CBAI for the last 18 months?
Well, I can only assume your question is in part facetious. Over those 18 months, I count 46 news releases about the company’s accomplishments, not to mention the quarterly, detailed 10Q and year-end 10K filings, plus other filings.
Can anyone tell me what has happened to all of the stated goals of the last CEO? What is still viable, what is not? If the goals have changed, how have they changed, and why?
At the time of the reverse (this is what I assume you mean) management stated an intention to move forward with at least one of three possible acquisitions and land on a more established exchange. That was based on a successful reverse, and the eight week period after the reverse when investors could not trade at discount or on-line brokerages destroyed credibility for some investors, which we need to work to restore, and limited the positive impact of the reverse.
What is the specific plan that current management is implementing? Is it identical to the Matt plan?
In the May 21, 2011 news release, the Company very carefully stated that it was taking a 90-120 period to evaluate each and every segment of the business. We are still in that period.
HOW DO WE STAY IN BUSINESS WITH NO SHARES TO SELL?
I guess that would be like asking, how do you maintain your home if you lost your ability to use credit cards. You work hard to ensure that every dollar spent is well spent and you cut what you need to live within your budget. Again, this is part of the ongoing evaluation. In the news release, Mr. Vicente expresses his optimism that a viable business strategy to move the company forward can be found and executed.
What does management intend to do differently than the prior CEO?
That we shall see, following the evaluation.
----------------------------
It's nice to see the company communicating, at least through IR. I'd really appreciate any light you're willing to shed.
Edited to add:
Before there is some song and dance about more time, I suppose I should also let you know that I am assuming that Joe is intimately familiar with the company he's been managing for many years. As a result, I also assume that he took the CEO position with a concrete plan in place to implement.
If I'm wrong in either, I suppose I also need to ask why in the world not?
Yes, Joe is very familiar with this company. Again, in the May 21 news release, he said his plan is to evaluate, to ensure a sound financial platform for the company, and to outline a platform to grow the company in a stable manner.
Locks: We don't ask for "proof" that they are an investor. We simply assume it and do our best to answer questions. During the worst of times, for instance, after the reverse, we were answering 50-60 calls a day for 18 hours a day. With the company in a quieter period now, the volume is less.
I understand herein you've got a fired employee, someone who proudly owns no stock and never will, a notorious day trader, and representatives from competing companies, besides the concerned, interested investors and potential investors. Quite a mix.
Paul Knopick
pknopick@eandecommunications.com
Actually I'm found by lots of investors at pknopick@eandecommunications.com
Send inquiry to pknopick@eandecommunications.com. Thnx.
I owe one investor an answer. Hard when I'm traveling and don't have all the files at the ready. Otherwise your advice is sound. Matt wanted us to try to use this forum to answer questions but I think your analysis of that effort is correct.
Available at pknopick@eandecommunications.com.
Paul
Excellent advice Locks.
Send questions to: pknopick@eandecommunications.com
Actually I do. Please remember that the answers are from the company we represent.
Paul Knopick
pknopick@eandecommunications.com
I can be reached at pknopick@eandecommunications.com with questions.
Paul Knopick
Actually the response is going to take time to formulate.
Well there is another answer. Am traveling. Will get right back on the horse next week.
Paul Knopick
pknopick@eandecommunications.com
Read the 10Q news release and that answers these questions and/or tells you what the company and management are doing to answer them.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
I believe the 10Q news release was aimed at shareholders, investors, people who actually own shares or who are doing due diligence.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
Please don't contact Paul Knopick re: Seawright Holdings.
We no longer represent them.
Paul Knopick
I would try reading the first quarter 10Q news release. It tells you exactly what the company is doing now that Matt has left in significant detail. In short: Company is fine.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
No. BIEL asked help from a U.S. Senator, subsquently the FDA made its decision about the Allay classification.
Paul Knopick
E & E Communications
Well, no. First of all, she is a U.S. Senator from Maryland. Secondly, she was involved before, not after the FDA Allay decision, which we made public in a responsible time period.
Paul Knopick
E & E Communications
Don't disagree. As soon as there is news, we should issue a news release and/or an 8K.
Paul Knopick
pknopick@eandecommunications.com
Thank you for changing the subject.
Paul Knopick
E & E Communications
I've asked about the web site. We don't handle the web site.
I think it is important that any company differentiate between meaningful news and progress that might get you where you want to go, but that doesn't cross the finish line. All that does is cause shareholders' anguish when the finish line isn't reached.
Paul Knopick
E & E Communications
Pitman, my daily friend. Such a statement was issued on May 21, 2012.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
tbk420
It's too bad you did not read and/or choose to ignore the first quarter financial report in which Joe spelled out his plans for the next several months.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
Big prices are good for investors.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
Sounds like someone is pretty worried about competition, especially as the science continues to show how well these products work. I've worked for many consumer companies, but rarely for one in which I've received so much e-mail touting the products.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
Bad news Pitman.
We are ALL slowly dying.
How's that "day" job of yours working out?
Paul Knopick
pknopick@eandecommunications.com
Yup still here.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
Okay. But if you are a day trader who wants the stock price lower, you scare people about company going bankrupt, 10K is hellish, etc. That's the behavior I'm commenting on.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
Revenues: Up.
Gross profits: Well up.
Reducing costs: check.
Sounds like all good news to me.
Perhaps not to the day traders, though.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
249,999,364 shares outstanding at 3/15/2012.
You are correct, company runs on its own juice now.
And we are very confident of our abilities.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
From the perspective of a long-time holder, very nicely done.
I undersatnd day traders might have different point of view.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
Revenue: Up.
Gross profit: Up nicely.
Expenses: Reduction continues.
I'd say for the long-term holder (not the day trader, Pitman33), this was a very good report.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
Yes they did.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
There have been some questions on timing of the 10K. The Company did file for an extension today.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
This is disclosed with the 10Q and 10K filings.
Paul Knopick
pknopick@eandecommunications.com
949.707.5365
"In fact, you told me that, had it not been for the split, ALL of those goals likely would have been accomplished."
tbk420
(Never said that. Not even close. So it was a good time to stop reading.)
Paul Knopick
pknopick@eandecommunications.com
949.707.5365