CBA Florida Inc. (fka CBAI)

[samalone]

Penny Stock Guru
http://pennystockgurus.blogspot.com/2010/01/cbai-company-losing-2-million-per.html

CBAI - Company Losing $2 Million Per Quarter - CEO Rewarded With $1.4 Million In Stock Half of Which Can Be Sold Tomorrow

CBAI's revenues are declining, their losses are growing to the tune of over $2 million a quarter, yet the CEO Matthew Schissler is being rewarded with over $1.4 million in stock options of which half vest today. No sense waiting a year or two for those options to vest, make them vest now while the pump is still blowing hard and the stock is at its peak.

Also Director Joseph Vicente is getting almost $1,000,000 in compensation. That's over $2.4 million in compensation being funded by your loyal shareholders. I'm sure most of them wouldn't mind taking home a paycheck like that each year.


Today's 8-K is here

I find it odd how the 10Q states the company can not function without raising more capital, yet the CEO is lining his pocket with millions of dollars in compensation. Throw in Director, Joseph Vicente, and your looking at even more shares hitting the market.

I do enjoy the transparency though. These filings are all available for everyone to read. Why anyone in their right mind would be buying this stock after studying these filings is beyond me. The company is selling stock to raise capital for operations it knowingly can't afford otherwise. It is paying it's executives millions of dollars for running a sinking ship into the ground.

The only thing holding this company together is it's stock. And when the demand for it crumbles amid an over abundance of supply, the game will be over.

A few 10% gain days won't balance out the 40% down day that is on the horizon. Be wary with CBAI. You've been warned for the last time.