Replies to post #47432 on CBA Florida Inc. (fka CBAI)

[Booger Red]

Actually, Matt has created a perfect opportunity for CCEL to clean up it's act. Now is the time for the CCEL shareholders to demand that the manipulative practices of the current CEO and management team come to an end. Time to clean house. MATT to the rescue. Reverse Merger, CBAI on top, fix the share structure and start a climb up the NASDAQ ladder. Do I hear $5.00 ah share.....who said 6, oh, there's a 10.... Reminds me of a snowball rolling down hill.

[MinnieM]

Yes, CCEL does have more cash on hand than CBAI. I don't know what difference it makes, but, since you asked, here's the answer.

CCEL has $7,880,649 cash on hand as of the 8.31.10 quarterly filed 10.15.10. And, CCEL has no long term debt.
http://www.sec.gov/Archives/edgar/data/862692/000119312510229981/d10q.htm

CBAI has $236,486 cash on hand as of 9.30.10 quarterly
http://www.sec.gov/Archives/edgar/data/1289496/000135448810003655/cbai_10q.htm

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Walton and other CCEL board members were fighting to maintain control of the company in 2007. Just as any good CEO would do. Portnoy is/was president of Focus Financial and held 1.5 million shares of CCEL at the time. Portney waged a proxy fight for control of Cyro0Cell. The current board resisted. I'm sure the CEO of any company that faced something like this would have put up a fight.

This was back in 2007. Apparently, Walton is a fighter for the company. I don't know what was done to call it "vote-buying", but, I'm guessing the majority of the shareholders are happy it was done since they haven't voted her out. ;)

http://www.bizjournals.com/tampabay/stories/2007/12/03/story9.html

The current ccel board holds 30% of the shares and isn't easily intimidated.

Please add links and full date including year when posting things like this. I'd hate to have anyone think you are wanting to twist things by leaving pertinent information out.

Btw, I'm sure Matt, the CEO of CBAI would have put up a fight in a situation where one of his investors was trying to take control away from him. Most CEO's would have done the same thing.

I'm still unclear what the point is of bringing all this up? But, since you did, I felt a need to answer.




In Reply to 'locksflooring'

Are you saying that CCEL has more money than CBAI
-Mercedes Walton, chairman and CEO of Cryo-Cell, and four board members engaged in an illegal vote-buying scheme designed to ensure the defeat of Portnoy's dissident slate of nominees during the company's annual meeting July 16.

Read more: Portnoy takes Cryo-Cell proxy fight from the boardroom to the courthouse | Tampa Bay Business Journal ------------------------------I dont know if we want to be connected to CCEL