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glockss2000

03/19/11 10:26 PM

#56016 RE: MrLong #56013

cant cbai sell the cord blood after 5 years, like the public banks? the public banks charge their cost which is based on utilization (they charge around 18-30k). also if the child did get sick would BCBS pay cbai for the stems?

my guess no due diligence on cbai part, they were just looking to get big, get a name for themselves,

got this from the ccel board, as for nevada, "officers, directors, employees and agents are statutority indemnified", not sure how this will play if cbai shareholders have cause against a company where the assets are less then what the shareholders have lost and if cbai filed BK the debt holders would also get in line for payment (I doubt this will happen and if it did, it will take years)
http://www.incorp.com/where-to-incorporate.aspx

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deseng

03/19/11 10:40 PM

#56018 RE: MrLong #56013

I would be interested in hearing the response to your query, as would many others, I'm sure. Please keep us updated. While I'm not fully decided on the RS yet, I have to say that I'm not very happy with the way things have been going recently. There are too many questions that the company has failed to answer, despite the claim of transparency. For example:

1) Why did the CEO and CFO cost the company over $5 million last year?

2) What steps are going to be taken to ensure any newly authorized shares only add value to the shareholders (as opposed to compensation for the Board of Directors)? What percentage of authorized shares would be sold, and what percentage would be used as leverage?

3) What is the current plan, laid out in detail, to achieve profitability? Buying CCEL De Mexico is not a silver bullet, and I do not believe it alone will make CBAI profitable (though it will certainly help).

4) What progress towards profitability was made last year? For example, since purchasing Stellacure, what steps have been made to make it profitable? How many samples do we now have in Las Vegas? Has the rate of samples being collected each month gone up with CBAI's program to educate nurses? If so, how much, and what is the projection for this year? What was the success of the Afford a Cord program? What were the company's major expenses last year, and how can they be reduced (cutting costs is just as important as increasing revenue)? How many samples were collected in Hawaii? Are we expecting the same rate or better for the new insurance partners that were recently added?

NOTE: I do not believe the answers to any of these questions would benefit the competition. In the growing world of stem cells, I believe there is more than enough room for all companies involved, and that the growth of one company actually benefits all companies, by increasing exposure and consumer awareness. For example, in the industry I'm in, we get excited when a competing product does well, because that signals that there is consumer interest in the market we're targeting.
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BULLSHIZ

03/20/11 11:24 AM

#56056 RE: MrLong #56013

Thank you for sending that letter....looking forward to seeing the reply you receive, please post. TIA
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holter

03/20/11 11:53 AM

#56059 RE: MrLong #56013

MrLong, Appreciate you doing more research and trying to find or verify the truth. We need to know if we have been duped or if we are in an honest investment. We also need to have some say on the board as to how the management is compensated. As Agent, Karin etc. have indicated that Performance needs to Compensated by Quantity and Quality of the performance, not just given out randomly because they can.
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locksflooring

03/20/11 12:35 PM

#56064 RE: MrLong #56013

I Find it Really Odd that you were Promoting Cord Blood America and Selling Cord Blood for them. Also I dont see the Sales Code on your Page anymore.Could you tell us how many Samples you were able to Bring to Cord Blood America.Did you take the Sales code off your site

cordbloodcuresadvocacy@usa.com
About "Own it or give it away but for peeps' sake stop throwing it away!" To Donate ITxM http://www.itxm.org/
Company Overview It's simple. We want your "LIKE" vote on Facebook(FB); a digital signature supporting this cause. We are raising public awareness regarding public-private cord blood (CB) storage. Many haven't a clue that CB stem cells treat +70 diseases and disorders today. We elect people to represent our interests and we are the largest most powerful lobby group in America. Support "Us" and you help a major health care awareness initiative

http://www.facebook.com/home.php#!/CordBloodCuresAdvocacyGroup?sk=info Just trying to REAL
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locksflooring

03/20/11 12:40 PM

#56065 RE: MrLong #56013

You Forgot to Add it was A Nevada only List

were recently ranked in the top 150th with compensation packages exceeding $3 million.