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Hey Neb, I was thinking the same thing. Shares are very cheap right now, its got to be positioning itself for a move soon IMO. I hope your right!
What really bothered me, was that they (Zecco) are requiring the customer to pay a fee of $200-$700 to sell the stock if you want to close your position depending on the amount of shares you own. Just a heads up to those with CBAI shares in a Zecco account. Don't know how this process works, but if other platforms are covering this fee, that is pretty nice of them! Luckily, I don't have any CBAI shares in my Zecco account. That is pure garbage. I never tried to buy CBAI through Zecco last year so I don't know if it was restricted, but I do know that I couldn't buy through Scottrade online as it was restricted; I had to place the order via telephone. There was no rediculous added fee though.
I'm out of posts: For the person saying they purchased through Scottrade, I'm referring to last year and it was RESTRICTED to buy online. We had several discussions on here about it.
No, this was as of today; I had an open order yesterday that didn't fill. Tried again today and got the message. Called them up and got the info...doesn't seem to be a widespread issue as Zecco is apparently the only one for now so who knows?
And I was right here along side of you last year as an astout follower of this company. I am down ALOT, unfortunately! I am not one to sit and bash a company though, I have better things to do with my time. Things started adding up over time that didn't sit too well with me when certain things didn't transpire as I expected, not even remotely. So I quit visiting the board for several months, and now I just wait. I tried to buy for the first time since last summer, and came across this issue today and was wondering if anyone else was having problems. I am not here to stir up crap, I hope you didn't take it that way, and I have nothing personal against you or CBAI at all. I truly wish the best for this company, I just am not comfortable with my money here anymore, but still feel there is a great opportunity to at least break even soon, especially since I can double the amount of shares I own right now for almost 90% less of the cost of my original investment. I still believe this company is extremely under valued. I wish I knew what was going on here, but I don't, so therefore I am uncomfortable and would like to get my money back as soon as possible.
Call it what you want, just reporting what I was told when I COULD'NT buy online this morning. I provided the number, you can determine for yourself if it is rumor or not.
Ok good, let us all know what you hear. I find it strange that if CBAI's shares are now non-DTC transferrable according to Zecco, how other platforms can afford to pay these high fee's of dealing with physical certs.
Booger, I'm just back to see if anybody else was having issues, but thanks! Yeah, I may have look into those, I currently have Zecco and Scottrade. Scottrade is way to expensive to trade penny's, but I very rarely trade anyways. I'm a buy and hold type of guy.
TG, whats your point? I'm a shareholder, I'm trying to cut my losses. Call Zecco, 877-700-7862, ask them why they restricted the stock as of today and maybe you will get another explanation from what I did. Ask them if it means the stock is Chilled, maybe you can speak with someone who can either confirm or deny it.
When I spoke to the Rep at Zecco, he assumed that there was a Chill on the stock, but could not confirm, and I asked him well why can other online platforms still trade the stock, and he said because apparently they are footing the bill for the transfer fee, which can be $200-$700. Zecco says they do NOT foot that bill and pass the cost to the customer, so instead, they restrict the stock from trading online. However, you can place the order via telephone, but you got to pay the fee. If all platforms are required to pay this fee, how much longer before they restrict the stock as well? I think Scottrade did at one time last year, I believe. This must be recent because I tried to buy yesterday and didnt have any problems placing the order.
Scottrade appears to be good to go...limit order placed via scottrade (I was hoping to avoid this due to the much higher fee's)
I asked Zecco why it can be purchased on other platforms online, and they said because they are footing the bill of $200-$700 to transfer these certs. I'm not trying to start anything, just curious as to why I can't buy this on Zecco all of a sudden. I have a Scottrade account to so I will go check that one as well and report back...notice I havent posted here since May of last year, that is for a reason.
Well, if you assume when I said DTC non-transferrable is the same as a DTC CHILL, then thats your faulty interpretation. I'm just relaying what I was told by Zecco, which I don't deny. Anybody can pick up the phone and call to confirm for themselves. What I want to know is, does this mean that another chill was imposed?
A stock being restricted from trading (online) is not the same as having a chill imposed on it. Many stocks are restricted from trading, but are not chilled by the DTC. When this happened last year, however, we did learn of the chill, eventually, so I would like to know. Don't mis-quote me.
TG, I am not reporting a DTC chill, I am asking the same question too; is it chilled again, or not? I would like to know as well.
I highly doubt the float is locked up, especially when one of the largest trading platforms has this stock restricted as of TODAY. I placed a limit order yesterday which never filled, and tried to place another today and got a message that the stock is now restricted. Called Zecco and they said these shares are now non-DTC transferrable and will cost approx. $200-$700 to close out any accounts.I recall last year this happened, and shortly after we learned of the DTC chill; if another was imposed, I will be so hot. Anyways, I can purchase the same amout of shares I currently owned before the RS for 90% less, lol, so I was looking to drastically reduce my cost basis and exit on the next major breakout. I will keep my comments to myself about this CEO, but needless to say, I no longer have faith in his word and I feel that he is not nearly as transparent as he claims. Unfortunately, it took me too long to realize this. Good luck to all.
Big picture buddy. Where were we this time last year? And where do you foresee us in the not too distant future, especially if/when we close at least one of the three LOI's? I see us progressively improving Q over Q from here on out. You can either buy now while we are undervalued, or wait until you feel secure and buy when we are at fair value or for a premium, your choice.
Very impressive Q1 results I must say; now lets get this "chill" issue resolved so we can press on and start to realize a profit for those who have been steadfast in their investment despite the negativity and mis-understandings/mis-information that so many here are trying hard to propagate and mislead.
All I have to say is, numbers speak for themselves; this 10Q, as well as those to follow, will be hard to debate and skew by those who post on this board 24/7. It's almost time for you all to move on because your tactics are ineffective when a company is actually producing real results.
Off topic, but very importnant stem cell news just released today. Wait for more to come on Monday via webcast of a certain Biotech company.
http://www.washingtonpost.com/national/stem-cells-were-gods-will-says-first-recipient-of-treatment/2011/04/14/AFxgKIjD_story.html
If the vote goes through and CBAI closes all three LOI's, it will be much sooner than 2013 IMO. We would be instantly profitable and after 2 Q's of reporting good numbers, we apply for the AMEX. Best case scenario, 1-2Q, 2012.
Cryo-Cell International is in serious trouble no matter how you spin it; if they lose CCM, it's going to put a serious hole in their business model that they may not be able to absorb. I would not at all be suprised if we merge very soon. There will come a point when all feelings must be put aside; business is business.
37% drop in net income compared to this time last year. Without CCM, they are looking at well over a 50% drop in net income. Cryo-Cell's balance sheet is about to change dramatically.
http://www.bizjournals.com/tampabay/news/2011/04/13/cryo-cell-international-income-drops.html?ana=yfcpc
Necktoeye, thank you for sharing; it is appreciated.
Basically, price fluctuations have only one significant meaning for the true investor. They provide him with an opportunity to buy wisely when prices fall sharply and to sell wisely when they advance a great deal. At other times he will do better if he forgets about the stock market and pays attention to his dividend returns and to the operating results of his companies.
~Benjamin Graham, Father of Value Investing and mentor of Warren Buffet
Joe, any true long term investor would vote YES. These numbers would put us around the number 2 spot largest in the world, beneath China Cord Blood. It is no secret, Matt has captured the undivided attention of a whole SLEW of competitors, and it's obvious.
2,293,657 shares short volume today; not significant at all.
http://regsho.finra.org/regsho-Index.html
Check under "ORF" at the bottom of the page. bookmark this page if you haven't already; covers every stock daily that has short volume.
TG, I posted this yesterday:
In the U.S, the spelling is "check(s)", in Canada we usually use the spelling, "cheque(s)"
http://www.canada-esl.com/lessonsmain/cheque.html
So which one of these Canadian companies do you work for? I have some free time on my hands so I will find out if you do...just for fun.
http://www.parentsguidecordblood.com/content/usa/banklists/listcanada.shtml
We'll see. The reward FAR outweighs the risk at this point. What is CBAI's fair value at this point based on their NAV? What is their value after a successful uplist and a forward earnings multiple based on their industry standard? Exactly. Stand by.
Most people on here complaining are blaming the company when they need to be blaming themselves for investing in a developmental stage company too early; you cannot blame a company for "trying to grow and become profitable." Just like every other publicly traded company in the developmental stage, they will have a HIGH burn rate until they are capable of surviving on their own free cash flow. CBAI is about to enter a new business stage and can then be considered a truly operational business functioning with profits. This is the point where most companies uplist and get off the OTCBB, if they can even make it to this point of their business lifecycle. For those who made the mistake we are left with a couple choices: 1. Sell for a loss. 2. Average down while they are trading at more than a 50% discount to NAV.
What good does complaining on a message board day in and day out do for your mental health and your financial situation? Absolutely nothing and that is why it is evident that CBAI is clearly making waves in this emerging industry and getting the attention of alot of players. I also found out some info that changed my perspective on some things. DWHP did NOT make those 2 offers for CBAI as I once thought. It was told to me by Andrew Carragher of DWHP that they made those offers for themselves for their own investment purposes and that CBAI IS NOT a client of theirs and never has been. What does this mean? There is clearly consolidation amongst LARGE players to capture a segment of this cord blood banking market. Some already figured this, but I was going down a different path and had to change my outlook. CCEL may not be the problem folks. A merger may look even better now knowing this info.
Call him or email him and he will tell you. I no longer have the email reply as I accidentally deleted it last week. He was very straight up with me.
435-645-4053
andrew@dwhp{dot}com
I do however have the email I sent him:
Sun, March 27, 2011 2:59:30 PM
xxxxx xxxxx <xxxxxx@yahoo.com>Add to Contacts
To: andrew@dwhp.com
--------------------------------------------------------------------------------
Sir,
Can you please confirm if Cord Blood America is a client of your company? CBAI is a publicly traded company and this information should be made available to the public. In reference to the past acquisition offers made to Cryo-Cell International by DWHP, were these offers made on behalf of CBAI? Thank you in advance; I look forward to your response.
http://www.newschannel5.com/story/13332796/dwhp-withdraws-second-offer-for-ccel-based-on-boards-refusal-to-engage-in-discussions?redirected=true
Respectfully,
xxxxx xxxxx
Go tell that to the 3 companies under LOI (one of which is 3 times CBAI's size), and the past 6 companies that were aquired; I'm sure they see CBAI in a different light. I would also like to know why CCM doesn't want to have anything to do with CCEL, but trusts CBAI with their future if they are on the brink of bankruptcy as you say. Please explain this logic for the board?
Wow, someone is really trying to raise doubts with this company by going back 6 years; you would think this would have already been mentioned before over the past 6 years, right? I wonder how much CCEL payed them to write this blog article? I'm sure they can use the revenue since they are a new site; they may need it for the legal fee's I see coming, Lol. I hope they have legal representation, which I doubt, as most of these sites are ran by college students looking for extra income to help pay there way through school.
Edit: They made some pretty strong/blatant accusations against CBAI and their past associations with certain peoples as if it is fact; hope they can back it up (factually, legally, monetarily) because I'm sure this will not go unchallenged!
SFM, Matt is in NY today and he said he brought his "good luck charm" with him; any idea why? Hopefully it is to wrap up financing so we can get this show on the road; maybe a PR in the morning highlighting what we have all been waiting for since December??
The VOTE is on 21 April, the affective date for the split has yet to be determined and will logically take place when the pps can bring a post-split price of at LEAST $2 per share.
I feel your pain bro, I really do. I realized I invested too early in this company about mid year last year as I thought we would arrive at profitability a lot sooner. I chose to average down along the way instead of selling for a loss; I know some people don't have that option, and that really sucks as they will be hurt the most by this R/S (if approved). People worry about the increased A/S, but I don't think it is a big deal. reason being, we WILL be cash flow positive with at least one of these acquisitions so the increased A/S will NOT be for operational expenses (toxic dilution). If it is used, it will be solely for strategic acquisitions that will increase our bottom line to the point that it cancels out the dilution (remember, buy assets/contracts for $300 and the market values at $2.5K, etc). when we arrive at a new board, we will carry a multiple equivalent to our industry and our pps will reflect forward earnings (finally). This is the point where us investors really start to make money. If you can wait another year, I think we will be there by this time 2012. CBAI is currently so undervalued at this point it is ridiculous (based on financials, not emotions). From the outside looking in based on upcoming events and investor sentiment, one would think this should fall even further another 25% making it over 75% undervalued. Probably the reason most people aren't buying right now. IMO, now is a safe time to buy, even with the upcoming R/S as we are so ridiculously undervalued that I doubt we can go any lower, even with manipulation. We are not a pink sheet stock; we are a fully reporting company with real revenues.
Edit: One more thing, CBAI is diluting daily to sell off the remaining A/S and we are staying at this level. I think it is safe to say we have arrived at the basement with nowhere further to go but up (when he's done selling).
Yep, a day traders dream stock. I'm sure a lot would hate to see this stock fix the cap structure for this purpose...
Question: Has it ever been discussed on this board about why DW Healthcare is also not trying to backdoor CCEL when they denied their 2 offers? DW is a strategic investment firm, you would think they would have already covered this angle, correct? If DW wanted CCEL so bad that they raised the offer for a significant premium, you would think that the LOI with CCM would be between DWHP and NOT us. How did we get in the mix, and why are we NOT being challenged by DWHP with the big money? There is a MAJOR attempt to keep this relationship quiet and I'm not buying it. LOL
Any time. When you get a second, listen to these case studies and tell me if you hear a reoccurring theme; could just be coincidence, but I got to go with the circumstantial evidence we already know/suspect.
http://dwhp.com/?a=flash&sMov=greg
http://dwhp.com/?a=flash&sMov=gerald