CBA Florida Inc. (fka CBAI)

[StLXer]

I'm not advocating a 100 r/s in the posts.

I'm just was trying to explain 100/1 r/s is the limits of an acceptable split. That didnt include room for the a/s recapitilization request.

I started posting on the r/s - when many on the board were advocating the CEO would never do such a thing to the investors. They were confident CEO wouldnt "reward" the shareholders in such away. Meaning the CEO wouldnt be so cruel as to make promises on a "reward" to loyal shareholders, then pull the rug out from under the investor with a R/S. Most of those who said he would never r/s thought he would likely buyback shares. They were mainly responding to psoters who were stating CBAI was in serious trouble if CEO had to r/s. Those who thought CEO would never r/s are now amoung those biggest supporters of the r/s both at the 500 and 100 level. Those who think r/s is a death knell, still mainly believe CBAI is in serious trouble.

My post were merely an attempt to demonstrate their is no way he was going to buyback the amount of shares necessary to bring the share count to an acceptable level. And to demonstrate a r/s is only not a death knell would actually be a postive with the limit of accpetable level 100/1 without accounting for additional a/s.
One post I demonstrated that a 500/1 wouldnt be a death knell for the investor but would certainly not bring the profits a 100/1 split would.

IMO to understand why your investment is currently suffering and to understand why the 100/1 rs- 180 a/s = 225 t/s is not a good deal for the current investor. And why the CEO timing of this is either with no respect toward the current shareholder or its is becasue CBAI is broke, and he needs the shares to keep the lights on. You have to look at this:

Investor relations:
Paul Knopick
E & E Communications
949/707-5365
[e-mail]

Share Structure History:
AS: 6.945B ( upped from 950M on 03-23-2009 per proxy statement )
AS: 950M ( upped from 300M on 08-28-2008, see #msg-31499433 )
AS: 300M

OS: 4,886,468,478 as of Dec 31, 2009 (per 12/31/09 S-1 dilution of 318M in the last 50days )

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) - Most of this has been sold through mm NITE & HDSN
OS: 309,474,243 Nov 10, 2008 (per 10Q - dilution of 85M in 4 months)
OS: 224,699,718 Jul 08, 2008 (per 8/04/08 proxy statement)
OS: 225,154,440 Apr 07, 2008 (per 10k, dilution of 30M in 4 months)
OS: 195,558,923 Dec 31, 2007 (dilution of 21M)
OS: 174,048,335 Nov 11, 2007 (dilution of 9M)
OS: 165,372,807 Sept 30, 2007 (dilution of 6M)
OS: 159,055,819 Aug 14, 2007 (dilution of 73M)
OS: 85,565,249 May 18, 2007 (dilution of 37M)
OS: 49,118,075 Apr 02, 2007 dilution of 8M)
OS: 41,091,845 Nov 10, 2006

There are approx 7billion authorized shares-- As of January 1st 2010 there were 4.8 billion o/s. leaving approx 2.4billion shares in the treasury. or aprox 1/3 of total shares in the treasury as of January 1st 2010.

We are 1 day from March 15th, 2011. 14 and 1/2 months from the time when the treasury held 2.4 billion shares.

Do you think the treasury still holds 2.4 billion shares?

If they are not in the treasury anymore, then CEO would have either had to retire them, sell them, give them as options or warrants, gimve them in exchange for services.

What do you think he did with most of those shares over the last approx 450days?

If they are still in the treasury then after a 100/1 r/s those 2.4billion shares would be 24million shares, reducing what he would need in a/s to approx 155mill on a 225mill t/s CBAI after a 100/1 split and recap a/s.

@ a 35/1 split would leave 200mill o/s and if he still has the 2.4bill on treasury would leave 24millon share leverage for a 225mill shares company.

CEO stats no shares are exempt from the split.

Couldnt he get around the need for the second proxiy question, by simply exempting the treasury shares, by what ever number he wants to have in the treasury after the split? Those shares have already been authorized.

what may be the reason he doesnt do this? What may be the reason he doesnt factor in what will remain of the treasury shares when he discusses the a/s number request?

Maybe its because they arent there anymore. Or he doesnt plan on them being there at the time of the vote.

I havent heard any annoucement that he has retired them. I havent heard any anoucements of major options or warrant awards.

If they are no longer there seems logical he sold them over the past 14 1/2 months. If this is the case, then approx 1 third of the entire shares of the company has been sold in 14 1/2 months. What do you think that would do to your investment?

Likely take it from .0197 Jan 2010 to .0023 March 2011. If the shares are gone. Seems highly likely the cause of your investment to flounder is dilution.

If the current investor should be disappointed in the CEO it should be IMO for 1 thing.

CEO stated -(not exact) After dilution when the true value of the company begin sto emerge, only then would he address the share structure.

This was he true pledge of the "$REWARD" to his "loyal" shareholders. His current proposal pulls the rug out from under this promise.

What he is saying is that he knows that dilutuion is supressing the pps. (which we can all agree on). When he is done he is going to let the company float for awhile with all the dilution out there, let the pps respond then correct the s/s.

After dilution is over the pps is likely to respond in a positive manner, as the downward pressure of dilution will be removed. The pps should start to rise, as the low point would naturally be around the last day of dilution. Unless revenue faltered, which what CEO has purchased with dilution revenues should rise, the pps should have upward pressure - ie Dilution was a SUCCESS! If the CEO just leaves the s/s alone for awhile. The pps should rise to the point if revenues start rolling in that would be a realistic market cap - If all the shares are out there - 7bill @ a dime m/c would be 700,000,000- too high? Probably. Half that 350,000,000 m/c- getting closer with Cmex under toe.

How many investors here would make some handsome profit with some extra shares (or all their shares) if CEO let the pps try to hit a nickel after dilution was over? The 1mill share holder makes $50K. I doubt they bought them anywhere close to that. Nice REWARD!

CEO seems to be not holding up to that bargain. If we assume we are at the end of the last of the 2.4bill share dilution (# left in treasury 14 months ago, and CEO once to at this time r/s and recap a/s either at 86% (500/1) or (75% 100/1). For him not to wait awhile to let the pps rise under the 7bill cap structure, then ask for the split and reauth is pulling the rug out from the loyal investors "REWARD", and is a disturbing indication that CBAI is broke.

At the very least CEO didnt keep his promise of letting the pps naturally rise after dilution and positive revenue news.<-- That rise IS the current investors "$REWARD".

The Ceo immediatly following a 7 billion share dilution is trying to immediate wipe it away and redilute,for "unknown" purposes.

This gives no time for the post dilution 7 billion share CBAI pps to shake off the effects of dilution and respond to rising revenue, to try and make that nickel run. The current investor deserves that chance.

Those 'unknown" purposes likely are one of 3 things. To keep the lights on. Current investors would be foolish to give CEO another blank check for this.

To giveaway in options. Current investors should demand pay for performance from here on out.

To purchase other assest and companies. What quality company are we going to purchase with diluted diluted shares?

CCEl basically laughed at CEO when he tried twice for $20mill.

CBAI purchasing CMEX will not have a large impact on CCEl bottom line.

CCEl had 17mill in revenue mainly from processing and storage and approx 1.5 mill from licinsing agreements.

Their latest filing doesnt mention Mexico.

CCEl has no long term debt and there share price increase 26% last year.

They have 9mill in the bank.

http://www.nasdaq.com/aspx/company-news-story.aspx?storyid=201102280918PRIMZONEUSPRX___214902

CEO reasonings are not acceptable. @ 500/1, 100/1, 50/1, 5/1. 2/1. With a cooresponding A/S recapitilization.

IMO a r/s is reasonable there are just too many shares to feasibly buy them back. However any r/s needs to be well articulated, well justified, and with safeguards built in to protect the current investors. As well as an explination of where the 2.4bill as of Jan 2010 shares in the treasury went, and what were they used for? And why he needs to immediately do it again?

Yes,IMO- if he is asking for the re-auth he is going to use them immediately again.

Right now IMO the current-- 0 r/s and 0 a/s is the best vote, as the CEO at this hasnt done a good enough job explaining it. and it your best chance to get the "REWARD" CEO promised

It becoming more and more clear if you want money in the bank in this industry, you do it thru organic growth.

IMO its time for CEO to start focusing his attention on this. I will be more willing to listen to a r/s - a/s proposal CEO wants, once he convinces me he has solid organic growth revenue from the 7bill dilution.

That from here on out its Pay for Performance in salary and options award.

That there is no other way for him to get the leverage he needs, and what does he specifically need it for. (even if that risk him tipping his hand).

Where did the 2.4billion treasury shares go that were there January 1st 2010?

BEWARE THE IDES OF MARCH.

IMHO GLTY