CBA Florida Inc. (fka CBAI)

[MrLong]

This part in particular:

The SEC Howey Test says that a transaction constitutes an investment contract (therefore a security) if there is (1) an exchange of money (2) with an expectation of profits arising (3) from a common enterprise (4) which depends solely on the efforts of a promoter or third party.

We are looking for dynamic improvements to support this contract; particularly outcomes from (2).

Prior to the GO FB, Twitter, social media was used heavily to fund it. He says social media was critical to help fuel funding (940 - +6B)... is this a form of crowd funding?

In August 2010, he reports next Q's will be dynamic, states it's a good time to buy-in, FB rewards coming and feathery moments along with foaming... We know shortly how dynamic we are in (4 corners).

The RS and AS should be put on hold until he has accomplished what every shareholder expects: #2 an expectation of profits arising (ROI) after going from 940m - 6B.

What is a Security? Folks are looking for the ROI from the Security. The RS and AS 14A filing doesn't present a dynamic opportunity to current shareholders as the CEO stated would be expected in these Qs - ahead of August 2010.
The threshold question though is why is it important whether a financial instrument is or is not a “security”? The answer is simple. Once a financial instrument is found to be  a  “security”  it is  covered  by  the  full protections  of  federal  securities  laws.  To decide if a  financial instrument is indeed a  security,  the  first place  to start any analysis  is  the  Securities Act of  1933,  as  amended,  particularly the definition of “security” set out in Section 2(a)(1). 

The  “default”  definition in Section 2(a)(1)  is the  term  “investment contract”. If something is an “investment contract” it is a “security”. Often, then, it is best to start any analysis of whether a given financial instrument is a security is to test it against
the investment contract test set out by the Supreme Court in the case of SEC v. W.J. Howey  Company (the “Howey” test). The  Howey  test simply  put is  that an “investment contract”  (and  therefore  a  “security”)  is  any  contract,  transaction or 
scheme  whereby  a  person invests  money  (you may  infer  in addition:  invests something of value)  ,  in a common enterprise and  is led to expect profits  from the 
efforts  of  others.  That simple  test is  one of the most profound  and  important definitions in all of securities regulation. Complex financial instruments and dealings have stood or fallen in light of SEC regulation based on this simple test. 

Although the Howey case dealt with investment contracts, it has been extended, at least in United Housing Foundation v. Forman, another Supreme Court case, as  the 
“essential” test to all securities. As a practical matter one should begin any analysis of  any financial instrument, even if called something  else,  such as stock  with the 
Howey test. The reason for this is that the term “investment contract” as intended to be a  catch all definition.. If  any  instrument, no matter what it is called, meets  the 
Howey  test,  it is a  security.  If  it does  not meet the  Howey  test it may  still be  a security,  but will have  to justify  its status  as a  security  in some  other  definitional
manner.
http://www.shufirm.com/news/documents/WhatisSecurity.pdf