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Maybe CBAI will pre-order 45k worth of ice cream, and FROZ will have it's lackey Lockwood personally deliver it to you.
I really hope you get made whole after all these years holter - you've really hung on through thick and thin.
HAHAHA! The meltdown begins!
I've gotta say....for all the money Matt cost me, it's worth every cent to see the last remnant of his posse swinging in the wind. If it wasn't so entertaining, I'd almost feel bad for the poor little guy.
STAY TUNED!
The absolute best part of this deal is watching the contractors desperately clinging to their last CBAI days. Poor Lockwood won't know what to do with all the spare time.
I mean, he clearly doesn't do any actual work other than scream about CBAI every day.
LOLOLOLOLOLOL
Signed by the same guy who:
- claimed "No more dilution" to Robert Lockwood?
- Sold a bunch of his shares just before the then-unknown reverse split?
- raped CBAI for years with scam letters of intent, sketchy foreign
"deals", and massive pre-orders of ice cream cakes from FROZ?
Sounds like a very trustworthy guy to me.
And wasn't there some controversy and litigation about UNREGISTERED shares that involved Matt/Stephanie?
Oh, he was absolutely kicked to the curb. There is no other reason why he'd leave the cash cow that he and the wife were bilking.
There's a very easy way to clear up the contractor shares - just tell us what services were performed in exchange for them.
Exactly. It's not a coincidence that compensation is the topic that causes the most agitation. Almost as though there is something to hide.
It's a shame Matt has to give people shares to be his friend. Pretty pathetic.
But what did the contractors actually do to deserve any compensation? From FROZ or CBAI?
Being able to slap down some cheap flooring doesn't seem to be the type of skill that either company would want to buy.
We know that Shitsler is the common element to both companies. We know that the contractors have spent years pushing a narrative online ABOUT CBAI, and bullying anyone who dared to criticize Shitlser regarding his work AT CBAI.
So isn't that the real question? Exactly what "services" were rendered in exchange for compensation?
It would be nice if someone could clear that up.
We all saw the work you did for Matt...and seem to still be doing.
So what? Are you saying that Matt couldn't give people registered FROZ shares for the "favors" they did on behalf of CBAI?
I realize that getting paid in penny stock shares really stinks, but that's the only currency Matt ever dealt in. Unless it was him or the wife.
Plus, the contractors were certainly dumb enough to accept them.
I'm sticking with my theory.
I personally believe that Scatsler and the cronies were into all sorts of nefarious dealings with each other. Which explains their behaviors back then, and the rage that is displayed now that the gravy train was cut off.
I think the FROZ shares were Matt's way of trying to soften the blow when he was suddenly kicked to the curb and couldn't use CBAI anymore.
But who knows? But this is for sure: pretty soon, the contractors won't have anywhere to vent anymore. What a lonely existence.
And they lost...which is why the anger continues to this day.
Actually, that's the BEST part of the story.
Shitsler was the absolute king of screwing everyone over to line his own pockets, and the ice cream drones weren't even smart enough to realize that he'd do the same to them.
Karma is so beautiful sometimes. Now the ice cream drones really have nothing left to do BUT rail against CBAI (the very company that could do no wrong in their eyes while Shitsler ran it into the ground).
It's so satisfying to watch.
Here's how I imagine it happening:
Scatsler: "You guys did such a great job defending CBAI, but I got kicked to the curb. So here's some FROZ shares instead, out of appreciation. I'm very angry at being forced out, so please keep defending me."
The FROZ contractors do - they always get worked up about it. I'm sure they would like everyone to forget their past behaviors, but lots of us have very long memories.
I think it's healthy for all investors to know about the tactics they employ, so it ISN'T just swept under the rug.
Boy....even talking about the FROZ contractor "payment" seems like a real tense subject. Almost as though there is something to hide.
Well, the FROZ contractors worked for Matt. We'll never know what unmentionable things they actually did for their shares, though.
Every single one of the FROZ contractors spent time daily on this CBAI board for years prior to FROZ being formed. They attacked anyone who criticized Matt, posted personal information about critics, and even posted untruthful positive "rumors" about CBAI in an effort to generate excitement about the company. They were incredibly coordinated and focused on intimidation and control of criticism across a variety of public forums.
Then Matt gets kicked to the curb, and suddenly his new scam awards FROZ shares to the individuals that engaged in those activities regarding CBAI.
Pretty amazing coincidence, isn't it?
I'm willing to bet that there was a "secret meeting" in Vegas with Peter Bisconti, Robert Lockwood, and Stacey McQuestion. Maybe that's where the details were discussed about CBAI's internet presence and what people could do to help Matt conceal his mismanagement?
Maybe the contractors were directly paid by CBAI with the missing CBAI shares that are referenced in this article?
http://www.theotc.today/2011/04/investment-killed-in-cord-blood-cbai.html
I mean, who knows? There were so many shady things that occurred during Matt's tenure that it's impossible to nail them all down.
Isn't that really the point? Any fan of Schissler obviously has difficulty evaluating management skills, and any opinions about current management are similarly unreliable.
Your main man Schissler ran this company into the ground, and clearly had no knowledge of the industry. That's evident from the terrible decisions he made with shareholder money.
So "knowledge of the industry" isn't really a necessary qualification, now is it?
Help me understand something: how can someone support Schissler 100% and defend him to end, but spend so much time criticizing the current regime that literally has no one left from the Schissler days?
The logical answer: sour grapes. There are lots of Schissler supporters that HATE the fact that he was fired, and are doing their best to vent their rage at the current management team. The funny thing is that no one in current management had anything to do with Schissler getting kicked to the curb.
#lolschisslerdrones
I'm sure one of the ice cream contractors could ask Matt - remember the private Q&A run by one of them, where he would collect questions to "ask Matt", and then report back with Matt's supposed answer?
So helpful!
LOL! You mean "things" like claiming Matt said "No more dilution" at the Grand Opening?
We all know who Robert Lockwood, Stacey McQuestion, and Peter Bisconti are, but who is Douglas Brown? Is he some sort of stock trading guru, who specializes in penny stocks?
Oh yeah - and the DTC chill! I love how CBAI claimed no knowledge of why it happened.
n December, 2010, the DTC unilaterally and without consultation with the Company, “chilled” all newly issued shares of the Company which were entitled to be freely traded in the market and whose holders expected to utilize the DTC Electronic Trading System. The DTC has since removed the “chill,” as described in more detail herein. Under what the DTC calls a “chill”, the DTC precludes shares which it has unilaterally “chilled” from utilizing its Electronic Stock Transfer System, thereby putting the holders of such “chilled shares” at extreme disadvantage in the trading market when they go to sell their shares. The “chill” applied to all shares newly issued after the “chill” went into effect on December 14, 2010, as well as all shares newly freed from private placement sales restrictions after the “chill” went into effect. The chill included as to the Company, even shares for which an effective registration statement is in place, and shares for which valid legal opinions have been issued by seasoned securities law counsel opining as to share entitlement to free trading status under SEC Rule 144. The SEC File Number of the aforementioned registration statement, a Form S-1 filing, is 333-164844, which said registration statement was declared effective by the SEC on May 11, 2010. The “chill ” fortunately did not apply to existing publicly traded shares of the Company which were out in the market place. The holders of the “chilled” shares of the Company are the investors whose funds have been supporting CBAI with capital lines to fund its expanding business. Implementation of the DTC “chill” made it more difficult and costly for the Company to obtain new capital.
The Company is unsure as to the DTC’s reasons for its original issuance of the “chill.”
Remember the "China deal"? That one cost shareholders a ton of money.
In March of 2010 the Company acquired pursuant to a License Agreement, a 10% non dilutable interest in what became, in December 2010, China Stem Cells, Ltd., a Cayman Islands Company (hereinafter "Cayman"), which indirectly holds a 100% capital interest in AXM Shenyang, a company organized to conduct a Stem Cell Storage Business in China. In exchange for issuance of an equity interest in Cayman, under the terms of the Transfer of Technology Agreement the Company agreed to provide technology transfer, knowhow and training in the setup, marketing and operation of the China Stem Cell Storage business. In connection with the License Agreement, the Company will receive royalties equal to 8.5% of "Net Revenues" realized from the China Stem Cell Storage business, over the 15 year term of the agreement, with certain minimum annual royalties’ payable beginning in 2011. The Company invoiced $62,866 for its minimum royalty payment for 2011.
In December of 2010 the Company also acquired the option to provide up to $750,000 of additional capital funding to Cayman through the purchase of Cayman Secured Convertible Promissory Notes and attached Cayman Warrants to acquire its Common Stock. Other Cayman shareholders were granted similar options, with the intent of raising the aggregate up to $1.5 million in additional capital for Cayman and its subsidiaries.
As of December 31, 2011, Cord Blood has exercised this option in part, provided a total of $400,000 in additional capital to Cayman, and is to receive Cayman Secured Convertible Promissory Notes for this sum along with 50 Cayman (TBD) Warrants. The Secured Convertible Promissory Notes are convertible into Cayman stock at a conversion price of $1,500 per share, subject to certain adjustments. The Warrants have a five year term and are exercisable at an option exercise price of $0.05 per share per share, subject to certain adjustments.
A little walk down memory lane, just for fun:
Good morning everyone, Matt Schissler here with Cord Blood America. I’m hosting a video blog this morning to talk a little bit about the press release we released yesterday announcing a special shareholders meeting in April of 2011. The press release is about a recapitalization of the company and I wanted to talk to you about why we believe there are some very good reasons for us to do this as an organization. We believe as a company, the shareholders the employees the customers alike that a recapitalization of the company is by far the best on a go forward basis.
The very first reason that we believe on a go forward basis is for our stock price. For any casual observer that has been following Cord Blood America the last few months you’ve seen that our stock price has remained fairly consistent in a very tight range, and for all the great accomplishments that we’ve had as an organization from the last two years, from reduction of debt to signing international companies and domestic companies thru acquisitions, to signing large agreements with insurance companies and other types of organizations, our stock price has not reflected what we believe to be the accomplishments of our organization. Now, our market cap has gone up to reflect this, and we feel very good about that, but our stock has been stuck, and we believe that this is one of the many reasons that a recapitalization of the company makes sense.
The second reason would be the investment community. Now I can assuredly tell you that I spend most of my time talking to the investment community, whether its strategic investors, liquidity investors, money managers, wealth managers or even small retail investors that most of my time is spent understanding the investors perspective of what Cord Blood America is. And, the perception is this, especially with the time I’ve spent talking with strategic investors, money managers and wealth managers. I spent countless hours on the phone and in person in front of the strategic investors they always responded with “Matt I really like Cord Blood America, it’s got a really good story, I like the annuity model, I like the growth factors and I like the fact that you reduced debt, but your stock price is really low and in order to do a strategic investment the capitalization structure would need to change.” And I’ve heard this countless times, over and over again. There are a lot of people interested in our company but because of the way that we’re capitalized and because of our stock price that they would have to withhold some sort of investment until we made some sort of adjustment as an organization. Same thing comes from the wealth manager side… people that manage large individual accounts, corporate accounts, portfolios, whatever it may be. Boy I gotta tell you, I’ve been to dozens of meetings with wealth managers and portfolio managers, and again, the very same things were said. They said, you know Matt, we really like Cord Blood America, good story…I think I know that the people we manage going forward that are rally behind Cord Blood America, save one thing, and that thing is the stock price. And you know, a lot of times they don’t even allow us to invest in stocks that are under a dollar…I really like the story, I like where you’re going, I like the growth, but your capitalization structure is off. And so, with that, coupled with what we just talked about with the stock price, are the first two reasons we believe that a capitalization restructure of the company makes sense.
The third reason is the desire to go to a higher exchange. You know, we’ve been trading and fully reporting on the OTCBB for six years. I gotta be honest, there’s very few companies from soup to nuts that’s been fully reporting on the OTCBB for six years that hasn’t changed hands. We go through all the compliance and the cost as an organization…have to jump through all the legal hurdles, regulation hurdles and so forth and get all the same scrutiny that much larger exchanges get. We’ve been trading on the OTCBB as a penny stock, and because of that, we only attract a very small portion of the investment community out there. The investment community that likes penny stocks, small cap stocks, whatever it may be, because we’re on the OTCBB, because we’re a penny stock, we’re only getting a very small bite of that apple. I know that investors and the current shareholders today would say hay, I really wish more people would come in and buy this. I’ve gotta tell you, I’ve been to the meetings, I’ve seen the people and I’ve looked them in the eyes and they said I really like the company CBAI, but for your share structure. So our desire is to recapitalize the company, fix the share structure and with a couple of things falling into the right place, including a clear path to profitability, we believe that we will enter into a higher exchange, and we have a very very strong desire to move to a higher exchange, as an organization. So, the timing is right and the timing is now to fix our cap structure.
The Fourth reason that we are looking to go to a higher exchange is the larger deal opportunities. The larger deal opportunity…..you know, the deals that we have announced, prior to this announcement for a shareholder meeting, are very large deals for a small cap company like Cord Blood America, and I gotta tell you something, it’s a huge step for us with these companies, with our current cap structure and our current market share to say hey, yes we can buy you and for a good reason….we’re a good management team and we’re going to drive this company even further. But even those size deals aren’t big enough for what Cord Blood America ultimately sees. We want to be a major player, globally dominant, number one in the World and in order to do so we need to have a capitalization structure that allows us the opportunity to do that. Unfortunately, a penny stock in a box, as Cord Blood America has been for the last couple of months, does not allow us those greater opportunities on a go forward basis. Growth is our key, I’ve never been shy about that. We’re going to grow through organic growth, acquisitions and diversification of revenue streams…. I’ve said that over and over for years….and we’ve done that….we have done that. But now is the time, with a couple of these large deals coming into play, and actually taking us over the hump on to a cash flow positive basis…now is the time to restructure the company to bring even larger deals into the organization. And that’s the fourth reason that we believe that this is the right time to restructure Cord Blood America.
Last but not least, and there’s not really a reason why I’m going to do a compassionate outreach to understand why this might cause some concern with shareholders. You know, the connotation of having a reverse split … there’s been a lot of failures with that, and I’ll be honest with you I’ve even invested in some of em’. I’ve also been invested in some of em’ that were wildly successful. I know that’s never what’s talked about in circles, but many different reverse splits have been successful and they all share the very same traits…the company was growing, they were doing the right thing with organic, maybe they were acquiring, maybe they weren’t, they were reducing the debt, they were increasing the assets on their balance sheet. They were doing all the right things that a company should be doing, and when the dust settled after they did their reverse split, their stock continued to rise, they continued to gain market share and they continued to increase their market cap. For most of those bad examples of reverse splits, it tends to be just the opposite…the company is desperate, the company does not have revenues, they just need the ability to raise more money to keep doing what they are doing, they don’t have profits, they don’t have assets on the balance sheet. You know, the numbers don’t really lie, I mean, you look at a balance sheet and assets and growth and revenues and so forth and companies have Zeros all across the board and do a reverse split, that seems to be almost of a hail marry attempt. We believe that we are in the first box, we’ve shown time and time again, our ability to grow. In fact in the graph that was in the press release that was sent out yesterday, if you look at the graph, our debt reduction has gone from well over 10 million down to 2 million and our market cap has gone from 2 million up to between 25 to 30 million, over a course of 4 years….that’s called following the right path of the business. And, because of that, because we believe that we are doing the right things as an organization, Cord Blood America believes this is the right time to do a capitalization restructure as I’ve said. Shareholders, I understand this causes a lot of questions, raises a lot of concerns, it’s a big move for Cord Blood America, and I can honestly tell you that for months, if not a year or more, the management team and the board of Cord Blood America have had these discussions, we’ve been back and forth on many different iterations of what we want to do. But the bottom line is that, right now, as we sit here today, February 12, Cord Blood America has a golden opportunity in front of it, an opportunity to get us over the hump to cash flow positive and profitability…an opportunity to continue to acquire, to capture market share domestically and internationally. And, in order to do so, we need a cap structure that attracts strategic investors….and a cap structure that attracts strategic investors is one that tight, it’s one that has a higher share price, it’s one that can get listed on a higher exchange and it’s one that can take us to the next level, when you look at the retail investors and the wealth management community, because those are the types of people that you want buying on the open market….you want a much larger base of people to buy on the open market, other than the ones…the small base of people that like to buy penny stocks…which I love those people. But you want to open it up to a lot more people that want to buy Cord Blood America too and their money is managed by certain large firms, and those firms don’t let em’ buy penny stocks. So, for all those reasons shareholders, Cord Blood America believes that now is the right time, now is the right place for us to do this share restructure. We thank you for all of your support and we hope for your continued support through this endeavor … Thank You.
You've held the course for many years, and it would be great to see it pay off for you.
Oh please - it's ridiculous to let Shitsler off the hook and blame Joe for the failed acquisitions. CBAI was always Matt's personal ATM, and he ran the company into the ground.
Was Joe there with him? Certainly. But at least Joe took the necessary actions to kick Shitsler and his freeloading wife to the curb, which helped the company tremendously. Joe has at least stopped the dilution, and cut the bloated fat built up under Shitsler. Those things can't be denied.
Please share anything that you think Matt did to protect shareholders. I doubt it will happen.
Maybe Robert Lockwood will someday disclose what those FROZ shares were for, since everyone assumes they were a form of payment for past services rendered on behalf of CBAI.
At least that's my guess.
What exactly did Schissler's "contractors" do to earn those shares? That is the much more interesting question.
After all, we know that ALL of them spent a lot of time trying to manage perception of CBAI on public message boards. If anyone dared to criticize CBAI management, these contractors would engage in personal attacks in an attempt to intimidate the critics into silence.
Was that their "service" rendered to CBAI? Being Internet thugs, in an attempt to hide Schissler's gross incompetence and outright lies to shareholders?
Fortunately, like everything Schissler touches, any shares they received for their bullying are worthless.
I wonder if any of those "contractors" paid by Schissler would have a reason to say false things about CBAI?
I'm sure Schissler is still fuming about being fired and cut off from his CBAI ATM, and would probably want his contractors to attack Joe (or his hair).
Want to see a REAL joke? Try this one:
"The Board of Directors believes that implementing a reverse stock split may increase the market price for CBAI common stock as fewer shares will be outstanding," said Matthew Schissler, CEO and co-founder. "It also believes that the reverse split may encourage future interest and trading in CBAI common stock."
"Additionally, our current cap structure limits strategic long term investment assisting in our acquisition program as well as other growth initiatives. We've had a great run on raising capital, but our future endeavors require a tighter capitalization," Mr. Schissler said. "We believe this may also assist the Company in its long term goal for placement on a more prestigious stock exchange."
That's a real side-splitter, eh?
When Schissler gagged the TA, it didn't seem to be a problem. Why is it now?
In fact, it didn't seem to be a problem when Schissler didn't even tell shareholders about the chill until it was too late - but not before he unloaded a chunk of his own free shares.
The irony of criticizing Joe, while still praising Matt, is truly hilarious. No one takes it seriously, and everyone sees it for the lingering grudge over Schissler's firing that it really is.
I'm saying it outright. There's a difference between believing in the company, and participating in the systematic harassment of critics of CBAI. I'm glad to hear that some shame might have crept in, but it doesn't change history. It might be convenient to now claim something different, but that would be a lie.
I remember, and will be happy to correct whenever there might be an attempt to rewrite history.
Hope that ice cream tastes good!
I seem to remember a huge CBAI/Matt supporter who was right there as part of "Team Schissler" for years, helping him to fleece investors.
Presently, I can gauge how well CBAI is doing by the number of disgruntled former Schissler sales staff who attack Joe V.
LOL - low budget, indeed.
Matt - chronic dilution, failed acquisitions, reverse splits, SEC chills, negative PPS direction, nepotism
Joe - no dilution, incremental PPS improvement, and none of the other BS listed above.
It's really that simple. On every single metric, CBAI has done better under Joe's leadership.
FACT
The CBAI contractors are like puppets.
Just mention Schitssler's firing, and enjoy the screaming. Every. Single. Time.
Probably the best proof of Schitssler's firing, to be honest. As though anyone doubts it anyway.