Heres a reponse from awhile back ---Posted by: Myth Date: Saturday, January 09, 2010 10:56:53 AM In reply to: samalone who wrote msg# 18990 Post # of 26853
GM, lets try to answer those questions..
1. Why doesn't the CEO restrict his shares for a year then to show everyone he's with us? His new options are vested now, isn't that nice for him?
Answer - If they were restricted, they would be exempt from a r/s, bringing on complaints that he's protecting himself. I also believe, like most co's, CBAI has a window period policy, thus forbidding them to sell during times 10-q's, 10-k's and in times when in possession of material non-public information. That is almost never, certainly not now. Jmo
2. Why doesn't he come out and say the dilution stops now?
Answer - The toxic financing that was in place here is what the word toxic implies. The CEO explained that to me back in July in our first e-mail exchange. His own words " Creditors demand payment, we have to pay " its that simple. The dilution, however minimal now imo, will stop when the debt is clean, and will be announced.
3. Why doesn't he say no reverse split for at least a year?
Answer - This is from the interview, very honest answer imo, he won't ever say, neither would 99% of any otcbb co, no r/s for a year. How many co's do ?
NO REVERSE SPLIT Direct from the CEO about r/s...any time soon anyway... "Yes, it is one option that is considered, but the debt (reducing) to determine fair value, revenue, acquisitions are primary."
4. Why has he never actually come out and said how the debt was paid down?
Answer - He explained it a few times, here's one that FULLY explains.
5. Or how he plans on making acquisitions?
Answer - From the PR explaining the S1 filing ( first one )
"This long term equity financing will allow for the company to grow and expand in ways we have not seen before, without the constant pressure of discounted debt financing. As stated throughout 2009, our three pillars of planned business success include organic growth, acquisitions and debt reduction. This financing will provide us the capital needed for the first two, without adding debt to the balance sheet."
Here's another way to get answers, he's there and waiting, always accessible. Cord Blood America