DD Support Board and Research Team

[nodummy]

(CBAI) Cord Blood America Inc.

The poor shareholders over at CBAI may be getting whipped out by a 1:500 Reverse Split.

Management called a special board meeting on 2/10/11 and filed a Pre 14A

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7711402

Then on 2/11/11 the CEO Matthew Schissler posted a video explaining the need for the reverse split

This is a company that had serious debt issues back in 2008 then went through a long steady journey of dilution

Authorized shares 6,500,000,000

OS: 5,692,564,026 as of 11/09/10 (source: 09/30/10 10Q dilution: 419M in the last 3mos)
OS: 5,273,093,131 as of 08/09/10 (source: 06/30/10 10Q dilution: 195M in the last 5mos)
OS: 5,078,132,870 as of 03/24/10 (source:03/31/10 10K dilution: 192M in the last 3 mos)
OS: 4,886,468,478 as of 12/30/09 (source:12/31/09 S-1 dilution: 318M in the last 3 mos)
OS: 4,568,253,327 as of Nov 09, 2009 (per 11/03/09 10Q - dilution of 1.95B in the lst 3 months)
OS: 2,611,087,327 Aug 10, 2009 (per 8/14/09 10Q - dilution of 1.03B in 3 months)
OS: 1,579,096,424 May 15, 2009 (per 10Q - dilution of 636M in 3 months)
OS: 942,884,111 Feb 12, 2009 (per proxy statement - dilution of 634M in 3 months)
OS: 309,474,243 Nov 10, 2008 (per 10Q - dilution of 85M in 4 months)


They still have some debt problems so because of that and the already extremely high O/S they probably have little choice at this point. Sure sucks for the shareholders that have held and held and held waiting for something good to happen for their investment.