Replies to post #32831 on CBA Florida Inc. (fka CBAI)

[StormyStocks]

Thank you for your reply. I was just going by the SEC filing. It just looked like it was about 1/3 of the shares, I guess. Sorry for any interuption in this process.

[CBAI Waiting]

Now is there a difference between common stock and perfered stock, because on the SEC Filing it stated he sold 25 mil of common stock at .0061, which was the price when he filed on the 16th this gave him 152K around that he pocketed (that is a pretty big personal thing for him evidently to sell that many shares.) This left him around 73mill left in common stock to play with and I think that is where the confusion is when he sent Dew the email and he was only selling 5% which this included the perfered shares as well with the common stock combind the perfered shares he owns is around 18 Mill shares as well which he was Awarded 833K around Jan 2010

Basically if you subtract 25mill - 18 Mill = only 7 Mill that he was actually only getting rid of if you list the perfered shares and the common stock from the SEC filing.


1/4/10 Mcgrath Timothy G
Director Award of Options 877,193 0.010 – 0.010 6,627,590 $10.0 K
Vicente Joseph R
Chairman of the Board Award of Options 877,193 0.010 – 0.010 8,711,040 $10.0 K
Schissler Matthew L...
Chief Executive Officer Award of Options 877,193 0.010 – 0.010 18,737,500 $10.0 K


the 18Mill is the perfered stock he still owns and has not been touched, because no new SEC file was filed for any changes on this.

I dont think he would of only sold 25 Mill shares at .0061 if he was actually scared that the company was not going to make it. He would of done that a long time ago if he had not sold for 4 years prior. He could of sold the common stock at .02 when it got to that around Jan, but didnt...

Just remember there is a difference between common stock and perfered stock