Clams Man's Conversation W/ CBEL CEO
(For those that don't know, CBCL R/S last week and became CBEL. The stock took a 70% hit following the R/S and began recovery on Friday. This could be another HUGE money maker like AWYB and AGHD)
Summary of the Clams Man's Conversation w/ CEO Jim Wheeler
1) Reason for Reverse Split: To attract investors that are not interested in purchasing shares in the sub-pennies. (Same rationale is set forth in public filings.)
2) Plans for Financing: Wheeler said that CBEL hopes to raise money through equity funding, not dilution. More specifically, CBCL is apparently in the process of putting together a business plan to present to certain financiers with the hope that the financiers will view the plan favorably and provide funding. According to Wheeler, CBCL has been successful is raising money in this manner in the past.
3) Keeping SH's In The Loop: Wheeler said that news would be PR'd as news comes in. He said sometimes it comes in waves and sometimes there are longer dry spells.
4) Annual Report: Wheeler said he expects the 10-K will be ready by March 31. With respect to numbers Wheeler said "expects that they will show improvement over last year."
5) Airwire: Wheeler said the Airwire sub is entering the national market. Wheeler said he expects that the venture will be successful and produce big profits and revenues that will be reported in near future.
LOCKED, LOADED and READY TO MAKE SOME GREEN!!!!!!!!
