Does anyone still believe in the "potential" of CBAI?
I mean, really: "potential" has had years to develop into reality, and hasn't. Where do we possibly find a way out of this disaster? The company has basically admitted that the chill has prevented financing terms to enable acquisitions, our investments were slashed by the R/S, the PPS is pretty much back to where it was immediately pre R/S. No China revenue, Stella operating at a loss, CMEX still in court and massive dilution will be necessary to even come close to closing. Ongoing chill penalties with no end in sight. A CEO that cannot be trusted to deliver on many promises.
It's time for all of us to face the very grim reality here. Our investments are history. CBAI will still be available to trade, if you feel brave or lucky, but there cannot be any serious investment in a company that seems to literally be on life support (life support meaning constant dilution simply to keep the doors open).
I made a huge mistake, and will freely admit it. Don't fall for the deception and distraction of those trying to convince you that it only requires a little more time - two years of steady decline is enough to show you all you need to know.
To those that wonder why an investor would say such negative things - I feel betrayed and abused by the actions of management. I feel that they crossed a line in their attempt to push through the R/S, and it changed things forever in terms of my perception. Since they have had no problem doing so, and don't seem inclined to even address the myriad of problems, I simply don't care what happens to CBAI. I hope that they are held accountable for their actions, and part of me feels that the tanking PPS is a consequence of their mistakes. Since there is no hope for my investment, perhaps it is better on a karmic level that they reap the consequences of becoming nothing more than another OTC horror story.
This is your life now, Matt. CEO of a company that is failing more every single day, with no ability to reassure the public, due to his own shortcomings. A CEO that is basically reviled by most long-term investors who provided the very lifestyle you saw fit to brag about. You've screwed up time and time again, but seem oblivious to it. Your ongoing silence is even understandable, because there is literally nothing positive for you to talk about on MoneyTV.
You are a complete and utter failure as a CEO. I wish you had even a shred of self-awareness, such that you might realize that your ongoing leadership has become a hindrance to new investors. No one will ever believe you again. At least I won't - you have demonstrated that your words are empty and unreliable.
So I continue to watch with morbid fascination as people defend this rapidly sinking ship, wondering how far they can possibly go with the charade. It's entertaining, in a very twisted and bitter way.
AI
