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Re: StLXer post# 41009

Friday, 10/22/2010 11:15:46 AM

Friday, October 22, 2010 11:15:46 AM

Post# of 105534
StLXer, sorry if I'm slow to respond. I don't have a lot of time to dedicate to this board. The company I made a reference to was Noise Cancellation Group NCTI. I bought shares and made a lot of money in a short period of time. The company stock was followed by the investment community and even got press coverage in the Wall Street Journal as well as other publication. I should have walked away with my money and never looked back. Unfortunately I fell in love with the stock. Had regular conversations with COO and CFO not to mentioned went to every annual shareholder meeting. Spent many hours with others doing DD and posting on message boards. It took the 2009 tech bubble to really move the stock. At the peak my shares were worth 800k. I didn't sell because this research and development company had such a bright future as presented by the COO and CFO that. Years of inability to capitalize on amazing technology the company was forced to sell shares to death spiral investors who benefited from the stock decline. The management screwed the loyal shareholders by their inability to make the company profitable. Believe me the insiders did well as the rest of us lost money. I want to be clear that I am not comparing NCTI to CBAI. I lost a lot of money on NCTI but rather than give up I taught myself to be a different investor. I will try to address the other CBAI related questions you posted when I have more time. One quick note. NCTI was a research and development with great tech that started buying other companies trying to make themselves profitable. In the end it didn't work. CbAI has an interesting business model but isn't a research and development company. Matt has been purchasing storage potential. More of a data back up rack space business model if I can be that crude. That business model can get very competitive quickly. Sorry for the long post and Go CBAI! because I want to be clear that I have a lot invested here.

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