Replies to post #52965 on CBA Florida Inc. (fka CBAI)

[YoungShark]

Still keeping these forums as clean as possible, huh TG?

Full-time job? ha

[YoungShark]

Ha, thats funny stuff TG. Sorry, don't have the ability to reply to PM's. I'll work on setting it up soon to work on your iPhone...its on my ever growing to-do list. With the grandfather in the hospital and it not looking so good...my to-do list continues to grow unfortunately.

[Starlost]

It's quite clear and in black and white what the LOI says:

One such material condition is the requirement that Cord Blood immediately raise privately, additional capital estimated by management to approximate $14 Million, in order to fund the cash payments required to close the transaction. There is no assurance that Cord Blood will be successful in raising such additional capital, or raising it in a timely fashion or under commercially reasonable terms.

If CBAI had the money, there would be no need to write this into the LOI. It's very simple, basic and not hard to understand.

REMEMBER: "There is no assurance that Cord Blood will be successful in raising such additional capital, or raising it in a timely fashion or under commercially reasonable terms"

This deal is a long way from closing. Matt is depending on the MASSIVE REVERSE SPLIT + MORE DILUTION to make it work. That's basic understanding.

[diannedawn]

BOD is asking to increase AS post RS. But shareholders should notice they want to increase the AS but not issue the shares

Simple hop skip and a jump to issue them...
If they aren't planning to issue/use them then WHY would they need them?
WHY not increase the AS a little further down the road?
WHY not show their shareholders what they can do with what they've already been given??? (as in ...become profitable FIRST) then ask for the increase?

Can you give me ONE logical reason why they need to increase the AS IMMEDIATELY other than they plan to start USING those shares IMMEDIATELY???