CBA Florida Inc. (fka CBAI)

[Starlost]

So, how many LOI's did Matt fail to close? Can you confirm that for us?

"We Have Been The Subject Of A Going Concern Opinion By Our Independent Auditors Who Have Raised Substantial Doubt As To Our Ability To Continue As A Going Concern" Yeah, I would say there is a very grave concern that CBAI can continue with "an accumulated deficit of approximately $48.7 million as of December 31, 2011".

There's no escaping the truth here. The fact is that every quarter, every year, CBAI digs themselves into a greater financial hole. Not once has this company ever made enough in revenues to break even one quarter let alone make a penny in profits.

The writing is on the wall. It's clear to see. There is not much time left for this failing CEO and company.

Wish it were otherwise, and wish I was wrong. But the facts are staring all in the face here.

The only hope of a turn around was to close one of those 3 LOI's which Matt claimed any one of which would make the company CFP. Well, Matt failed on all 3 LOI's and the jig is up.