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Saturday, 06/06/2015 10:05:26 AM

Saturday, June 06, 2015 10:05:26 AM

Post# of 105534
Stated David Sandberg, “With a more stabilized balance sheet, CBAI is well positioned to pursue a sensible yet meaningful growth strategy. We believe this best serves shareholders’ interests and we are already working to compile and reach out to M&A targets. CBAI’s excess storage capacity coupled with a less constrained marketing budget allows for a real opportunity to grow its business both organically and via acquisitions with improved margins and earnings to the bottom line. In addition to focusing on growth, the Board will be populated with new Directors independent from management and we expect to implement shareholder friendly changes to CBAI’s Charter and Bylaws as well as to call an annual meeting for Director Elections and other business (as is proposed). We expect CBAI to announce an annual meeting date shortly after the May 7th special meeting.

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