Replies to post #47614 on CBA Florida Inc. (fka CBAI)

[CBAI Waiting]

good luck with that this is where it really gets messy and goes down hill / It is a shame that everyone was strung along here including myself, but it was a matter of time until something like this came along and the PPS was the first indicator of this....

[tradinguru]

Due to the fact that Cyro-Cell de Mexico is an independently owned Mexican company, I believe the suit will be thrown out quickly. There is a major jurisdiction problem here for CCEL

[Dew]

The difference is CCEL has money to lose if they lose. I'm still waiting to hear why they are suing.

[Booger Red]

In response to your question; How long will it stay in court. My answer is, NOT LONG .... from what I can see, they have NO CASE, they're just whining and stalling for time.


Dec. 13, 2010 (GlobeNewswire) --
OLDSMAR, Fla., Dec. 13, 2010 (GLOBE NEWSWIRE) -- Cryo-Cell International, Inc. (OTCBB:CCEL) (the "Company"), one of the world's largest and most established family cord blood banks and global stem cell innovators, today responded to a recent announcement of intent by a prospective acquirer to purchase one of the Company's global license affiliates (the "Licensee"), an independent company, for a purported maximum purchase price of $17.84 million. Details of the proposed acquisition were outlined in a binding letter of intent submitted by the proposed acquirer, a relative newcomer to the private family cord bank industry, with its Form 8-K filing to the Securities and Exchange Commission (SEC) on December 8, 2010.

Under terms of Cryo-Cell's binding license agreement, the Company believes that the proposed acquisition would give Cryo-Cell the right to terminate its exclusive license which, in turn, would prohibit continued operations by the licensee under the Cryo-Cell trademarks. The licensee's market leadership, built exclusively on the Cryo-Cell brand, has emerged over time since the agreement was first formalized in June, 2001. The Company intends to attempt to maintain its exclusive U-Cord license with the licensee.

"Cryo-Cell's global network is solid and strong; demonstrating unprecedented expansion," stated Mercedes A. Walton, Chairman & CEO. "In fiscal year 2010 alone, the Company increased our global footprint by ten new markets for a corporate global network of twenty-six licensed markets. Cryo-Cell expects that global operations will continue to contribute positively to the Company's performance in fiscal year 2011."

1. According to the wording in paragraph one, Cryo-Cell de Mexico is an independent, privately owned, license affiliate. OK….got it! Nothing but a license agreement.
2. The word ‘believes’ as used in paragraph two, simply means they think, but or not sure or really don’t know, but would like to believe as well as have the readers of this document believe. Don’t mean squat…just a typical response to skew ones thinking.
3. The word ‘attempt’ as used in paragraph two, means they’d like to try to work with CBAI to maintain its exclusive U-Cord agreement. Yeah they want that BAD, else it'll simply be changed over to Afford-a-Cord.
4. So, in one breath they are saying they believe ( that means they don’t really know) they have the right to terminate a license agreement. But in the next breath they’re saying they really don’t want to. Hello, what are you trying to say here? Idk….you think you can, but you really don’t want to.

What we have here is a meaningless, wishy washy PR that really is just a bunch of whining and misdirection…..understandable as they are probably looking kind of silly having their largest and most profitable licensee purchased out from under them by a relative newcomer to the private family cord bank industry. IMO, they shoulda sold when they had the offer from DW…would have been simpler, smother and certainly would have eliminated the embarrassment of loosing your largest licensee to a relative newcomer.

Just my 2 cents.