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Friday, 11/11/2011 10:03:36 PM

Friday, November 11, 2011 10:03:36 PM

Post# of 105534
http://sec.edgar-online.com/cord-blood-america-inc/s-1a-securities-registration-statement/2011/07/01/section27.aspx

Why is the chill always in quotes? "chill" Is it fake? Why would they only chill key investment banker's stock?

Unilateral-1. Of, on, relating to, involving, or affecting only one side: "a unilateral advantage in defense" (New Republic).

The recent unilateral action by the DTC in “chilling” the use of the DTC electronic stock transfer system for privately issued and even registered shares of the Company’s common stock issued to its investment bankers is currently having an adverse impact on the Company’s liquidity and capital resources in that it is making it more difficult for the Company to obtain new sources of capital and to access additional capital from existing sources, specifically through equity financings and borrowings. Further, when new sources of capital are obtained, the “chill” is making such capital more costly. The holders of the “chilled” shares of the Company are the key investment bankers whose funds have been supporting the Company with capital lines to fund its expanding operations. The Company anticipates that until the DTC “chill” is lifted, the “chill” will continue to have this same adverse impact on the Company’s liquidity and capital resources. Namely, it will make it more difficult and costly for the Company to obtain new sources of capital and to access additional capital from the Company’s existing sources, and therefor more difficult and costly for the Company to obtain the liquidity necessary for the Company’s general business operations and growth. Moreover, the Company has been forced to negotiate settlement agreements with its existing investment bankers to settle alleged breaches of contract as a result of this DTC “chill” and the unavailability of DTC electronic transfer for “chilled” Company shares. Such settlement agreements have already cost the Company approximately $895,000 as of March 31, 2011 in damages.
Financial Condition and Results Of Operations as of December 31, 2010

James

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