dont know what is going on but im really not happy with our CEO David Sandberg. he has treated us shareholders like low level employees instead of owners. and i let him know it. i sold much of my position because the price growth to .011 wasnt enough to keep me interested. but i still have over a million shares.
here is the new wording filed tonight updating his prior statement. says nothing as usual. yes im angry.
CBAI previously disclosed that it anticipated distributing a portion of the sale proceeds to shareholders in 2019. With the goal of maximizing shareholder value, CBAI and its board of directors are also evaluating other alternatives including potentially pursuing a plan of liquidation and dissolution and/or a sale of the Company. In order to enable any such alternatives to be fully explored, the Company may not distribute a portion of the sale proceeds to its shareholders in 2019. The Company has no commitments, agreements or understandings with respect to any such alternatives and there can be no assurance that any such alternatives will be consummated or the terms thereof. CBAI and its Board of Directors continue to contemplate a distribution, but based on discussions, evaluations, and business judgement, have not yet determined if this will occur, or when. Regardless of the alternative(s) undertaken by the Company given the Company’s expenses and other contingencies the total proceeds ultimately paid out to shareholders will be significantly less than the gross purchase price the Company received from its Purchase Agreement with FamilyCord.
AI
