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MinnieM

02/18/11 1:01 PM

#53079 RE: CBAI Waiting #53044

They leased the building. It wasn't a purchase. From the 10k filed March 31 2010:

http://www.sec.gov/Archives/edgar/data/1289496/000135448810001036/cbai_10k.htm

In October, 2009, we re-located our headquarters from Los Angeles, California to Las Vegas, Nevada. Our new principal office and facilities are located at 1857 Helm Drive, Las Vegas, NV 89119. These facilities encompass approximately 17,000 square feet. The property is leased from an unaffiliated third party for a period of 5 years ending September 2014. The monthly lease payments are approximately $11,700. We continue to be responsible for our previous principal office located in Santa Monica, CA until September, 2012, where we leased approximately 2, 200 square feet at a monthly lease cost of approximately $9,500. We are attempting to sub-lease the facilities but as of March 25, 2010, we have not found a suitable tenant.






In Reply to 'CBAI Waiting'

Thats what im saying the only winner here is Matt, he got your money doesnt take anymore than that to see he ripped everyone off. Empty shell of a Building that was bought over a year ago. I liked to see everyone tell me im Crazy now, go CBAI go

lolol