CBA Florida Inc. (fka CBAI)

[bme]

Read this one again & see whether the fund is already available for the deal by any mean since the date of the deal to be closed is before the RS.

The obligations created by the Letter of Intent and the transaction are terminated if certain material conditions precedent to closing are not met within 90 days and/or the transaction is not closed (unless such periods are extended),

-One such material condition is the requirement that Cord Blood immediately raise privately, additional capital estimated by management to approximate $14 Million, in order to fund the cash payments required to close the transaction. There is no assurance that Cord Blood will be successful in raising such additional capital, or raising it in a timely fashion or under commercially reasonable terms.

-A second material condition is that Cord Blood immediately amend its Articles of Incorporation so as to create sufficient authorized but unissued shares sufficient to provide the ability to issue new shares for the new capital required by it to complete the transaction.

-A third condition is that Cord Blood undertake and complete its due diligence investigation of Cryo-Cell de Mexico, and satisfy itself as to the Companies and operations and business.