No,
I don't think - using 100mill shares to satisfy 1.5 mill in debt is relative value.
I was happy that the shares werent used for operations, shows CBAI is starting to get its revenue feet underitself.
There still is ALOT of explaining to as to why he went this direction.
He wont be able to get additioal shares authorized, that s for sure.
So he made a choice with the shares for a reason.
I believe one of two things will happen. Either he will continue to grow organically, which at least for awhile will be find and likely beneficial to investors, as increasing revenue should put a positive pressure on the pps, without negitive share financing pressure. Which should give some nice profit opprotunities for sharholders in at this level.
It would take a long long long time to grow organically into 250 mill shares. So definatley O/S are top heavy v revenue and projected growth.
So I think likely we are going to see shortly -- a MAJOR change to CBAI - either being bought or a merger.
The key from here on out is keeping as many shares you currently hold as possible. You wont keep them all, but at this point CEO's fuduciary duty is to try to protect as many shares as he can for investors if he is seeking to combine CBAI. Or if your not invested, and you think the futre is bright for CBAI, to buy as many cheap shares as you can, before it happens.
If you think CEO made the wrong decision , then short it . If your right were going to sub-penny by the next quarter.
AIMHO GLTY/A
AI
