CBA Florida Inc. (fka CBAI)

[worthylion]

By their Q3 filing due Oct 15th, we'll probably get an update on their process with Boxwood. In the best case they'll announce an agreement to sell at a share price at least 2-3x higher than the current price. At worst they'll acknowledge a broken auction with no transaction in sight. If there's no transaction Red Oak will be stuck in a company with no operating momentum nor evident growth prospects. They may be honest and experienced but they aren't miracle workers. Given their very low share cost and the $2.6 million in recurring revenue, I would be surprised if they don't surface a buyer to get them out at a good multiple of their cost.