Replies to post #100604 on CBA Florida Inc. (fka CBAI)

[boardbrain1]

My gut feeling would be to VOTE NO for the maybe .006 deal.

GL Longs

[Edward]

Myth, why short change yourself.I am looking at a penny or more. If i use CONSERVATIVE numbers CBAI should be worth about $14,000,000.


Samples 20,000 @$600 (BELOW MKT.) $12,000,000
cash position appox.= $1,000,000
No debt next year = 0
Corcell name = $2,000,000(just a guess)
est.other current liabilties $(1,000,000)( based on 9/30/16 balance sheet)

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$14,000,000
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With 1.3 billion shares O/S @ .01 is $13,000,000. Do you think this is feasible?Format is bad cannot seem to line up the numbers, but i know you can see what i mean.

[casualriver]

I have to disagree. This is one of the very very few sub pennies that has somewhat impressive financials, particularly compared to all the others in sub penny land. If indeed there is a buyout it will be in the pennies, anywhere from a penny to 10 cents, and the company buying it would be getting a very good deal.