necktoeye, To answer your question, The reason Matt waited was to fulfill his statement that he would not do a RS until the company stock had settled to its' true value. Walah! Here we are so now he can be a man of his word.
I have been trying to read the tea leaves regarding the timing of the Rs and the amount of time prior to the actual split. The problem I have is that the news came out when the stock had based at a low .004. There were months and months of selling as you can see by the charts. If you got out on the way down that was the lucky or smart move. I think some knew about the upcoming reverse split. I hope I'm wrong but thats the way the game is played. Ok let's say the dirty deal is done and behind us. Why so long until the stock split goes through? Could it be that Matt is weeding out the last of the weak hands before the split and great news? The volume is very low as we approach the actual split. Folks have had enough time to decide whether or not to hold on. I know this is a very hopeful spin on our current situation but that is why I continue to hold my shares. If Matt doesn't support the stock with good news going into the split or at least right after, then the 20% no vote had it right. I haven't given up on Matt and the feather moment but my finger is on the sell button all the time. Some have felt a lot of investment pain with CBAI and do not fault them for selling as there have been great stock opportunities with the market doing so well.
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