Wednesday, August 04, 2010 4:53:19 PM
I don't think it will take that long. 
I did ask Matt about the 8K and he sent me this that I could post on the subject.
You’re asking me to speculate on its effect, and I can’t do that.
But I can tell you, from our opinion, very good for CBAI and its shareholders. This obligation was under the “derivative liability” on our balance sheet for the last few years. This Liability now gets paid down over the next 12 months, making our balance sheet stronger. We took 36M warrants off the table. Interest is only for 6 months and payable in cash, not shares. We reduced the obligation by 300k. So I would say reducing obligation, removing warrant overhang, removing the derivative liability over the next 12 months, and only having interest paid in cash are all good for shareholders. This was a liability that needed to be paid, and it has been on our balance sheet for years now (again, under derivative liability), so it eventually had to be paid. “
I did ask Matt about the 8K and he sent me this that I could post on the subject. You’re asking me to speculate on its effect, and I can’t do that.
But I can tell you, from our opinion, very good for CBAI and its shareholders. This obligation was under the “derivative liability” on our balance sheet for the last few years. This Liability now gets paid down over the next 12 months, making our balance sheet stronger. We took 36M warrants off the table. Interest is only for 6 months and payable in cash, not shares. We reduced the obligation by 300k. So I would say reducing obligation, removing warrant overhang, removing the derivative liability over the next 12 months, and only having interest paid in cash are all good for shareholders. This was a liability that needed to be paid, and it has been on our balance sheet for years now (again, under derivative liability), so it eventually had to be paid. “
Don't worry about the mule going blind just load the wagon.
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