Locks, what is the mystery here about the number stored? According to the latest 10K filed CORD BLOOD AMERICA, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 2009 AND DECEMBER 31, 2008 of the fully reporting company
No mystery there for a fully reporting company... is he going to all of the sudden state he actually has 100,000 cord LoL. That would have to be reflected in the amortization table as income; that is, unless he's been secretly banking public cord for free too? http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=7158775
Ans: maybe - there are reasons we don't share, mostly because of competitors and our strategy overall in the market for acquisitions. Somethings are best left unsaid so we can execute our strategy more effectively.
"Since CorCell's inception in 1995 as a private, family cord blood bank we have supported both private and public cord blood banking," said Marcia A. Laleman, CorCell's President. "We believe there is a place for both. As medical treatment and research continue to expand the use of cord blood, families should have the option of storing privately or donating to a public bank. The probability that a child's cord blood stem cells will be needed is about 1:2000 during childhood and increases through age 70 to 1:7."
"It is an outstanding day for the cord blood industry and the families who bank their baby's cord blood when yet another treatment opportunity is developed for umbilical cord blood stem cell transplantation," says Matthew Schissler, CEO of Cord Blood America. "With more than 60 clinical trials underway in the United States involving UCB, research is forging ahead to find additional uses for cord blood stem cells. This is an industry that saves lives and of which Cord Blood America and CorCell are tremendously proud to be a part."
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