Conversion of CD's can finish at once, if the CD holders decide to convert, in the case they believe the stock is going to begin an uptrend.
That is why I say that the release of HUGE NEWS is attached to the conversion of all the remaining CD's.
Revenue is going to be less than 10 Million, as we've been told.
Revenue was 1.2 Million in 2006.
We should expect revenues between $1M+ to $9.99M, LOL !!
If revenues are going to be good, ... lets say $5M, for example,... then I believe the CD holders will convert, because CBPC would BREAK EVEN, and the PPS would begin increasing significantly.
And, once CBPC breaks EVEN, the growth will continue due to the Vaccines they have in the Pipeline, and thanks to the international expansion and increasing number of partnerships.
Also, notice that CBPC has been incurring in losses since several years, and there is a HUGE DIFERRED TAX ASSET VALUE that should be considered, when CBPC BREAKS EVEN.
A profitable company with such Diferred Tax Asset Value for the Period from September 13, 2000 (Date of Inception), will automatically reflect the value of that ASSET in the PPS.
Notice, also, that the ASSETS Value, other than the Diferred Tax Asset, is 6,715,728, or $0.043 PER SHARE.
Accumulated LOSS since inception: $13,475,739
If the Diferred Tax Asset value is 30% of the Accumulated Loss, then we have a value of $4M, or $0.026 Per Share.
At the BREAK EVEN point, which with $5M in revenues I believe we get Net Profits, the company should be valued at a minimum of x3 the Assets + the Diferred Tax Asset Value:
3x $0.043 + $0.026 = $0.155 PPS
Any expected accelerated growth of future revenues and expansion of the company, should push that number upwards, based on expectations
Now, we shall wait and see if management let us know what the revenues for the 4th quarter will be, in that $1 to $10 Millon range, LOL ... LOL.
If CD holders want to convert at these levels, then we won't see any good news until they are done, because they need and want this low conversion price to end converting their CD's.
I suppose that the company will PR the CD's beeing 100% converted, and then will let us know what the revenues will be.
imho.
AI
