InvestorsHub Logo
Followers 88
Posts 4481
Boards Moderated 2
Alias Born 12/03/2009

Re: Nebuchadnezzar post# 55363

Monday, 03/14/2011 12:02:43 AM

Monday, March 14, 2011 12:02:43 AM

Post# of 105534

but what if the proposed increase in A/S after the R/S is to finance the acquisition of the Mexico deal??


It's a condition;

ITEM 1.01 Entry into a Material Definitive Agreement
-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.
As per LOI;
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7282171

(authorized but unissued shares, where have I heard that before),...

"will give the Company an additional 86,100,000 common shares which are authorized but unissued after the reverse split",
SCHEDULE 14A, pg. 8-9;
http://sec.gov/Archives/edgar/data/1289496/000135448810003802/cbai_8k.htm




Go CBAI
To the Moon!!!

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.