Replies to post #55220 on CBA Florida Inc. (fka CBAI)

[locksflooring]

Quote:
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ITEM 3. LEGAL PROCEEDINGS.

On December 16, 2010, the Company filed an action in the Circuit Court in Pinellas County, Florida against Cord Blood America, Inc. (“CBAI”) seeking an injunction against consummation of the proposed acquisition by CBAI of the assets of Cryo-Cell de Mexico, S.A. de C.V. (“CCMEX”), the Company’s exclusive licensee in Mexico. The action is docketed at Civil No. 10-17412-CI-20. The Company believes that the proposed acquisition would violate its License Agreement with CCMEX. CBAI announced on December 8, 2010 that it had entered into a letter of intent for the proposed acquisition with CCMEX on December 3, 2010.

The Company also filed a motion for a temporary injunction. CBAI filed a motion to dismiss on the ground that CCMEX was an indispensable party to the action. After a hearing on January 14, 2011, the court granted the motion to dismiss, allowing the Company to join CCMEX to the action, and setting a hearing on February 25, 2011 on the Company’s motion for an injunction. After CCMEX was joined to the action, both defendants filed motions to dismiss, and the injunction hearing has been continued. The court has directed that the transaction may not be closed until a further hearing is held. Rating :
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[MinnieM]

Why would a CEO want to reduce shares for the reason of attracting Institutional investors, and uplisting, then at the same time increase the A/S?

You've nailed it. That is the key question.




In Reply to 'mkendra'

I totally agree. Splits (both forward and reverse), mathamatically, are meaningless when it comes to value.

Increasing th A/S without additional company value is a recipe for dilution.

I'm not saying this is a scam, but certainly many scams operate this way and makes a company suspect. Why would a CEO want to reduce shares for the reason of attracting Institutional investors, and uplisting, then at the same time increase the A/S?

The CEO is countradicting himself.

Bottom line, he is desperate for cash. It is obvious.

[diannedawn]

this is his and his wife's meal ticket,
and they reward themselves quite handsomely,
at our expense!
The amount of compensation they take
from a company with no profit,
is obscene.

[xxxx]

Spot on, you know what attracts investors, PROFITABILITY AND POTENTIAL FOR SAME.