Right now I'm with Fidelity and only have L2 on OTCBB and above and not Pinks. I told Fidelity yesterday I'm thinking about moving my money to someone else because they don't have L2 for Pinks plus they charge outrageous fee's to buy Penny Stocks, including CBAI.
Here is what Matt said recently in an email to me regarding the selling of shares:
"We have no choice. We have these debts...they are called in, and we have to pay, otherwise we are in default, which would be far worse than just paying the debt. Thats why we raised the 7.5M in long term equity. that way, once the debt is gone, we don't have to give away shares."
And he said this in the Aug 3rd announcement:
"With this debt retirement, CBAI has only the put option agreement obligation with SIOF remaining on its balance sheet. Cord Blood America regards this as a key milestone on its path to being able to operate debt free," said Matthew Schissler, Cord Blood America Founder and CEO.
GLTA