Replies to post #79069 on CBA Florida Inc. (fka CBAI)

[Starlost]

So...how many LOI's did Matt fail to close???

[Starlost]

DEBT MOUNTS, THREATENS TO BRING CBAI INTO BANKRUPTCY.

"Our consolidated financial statements have been prepared assuming we will continue as a going concern. We have experienced recurring net losses from operations, which losses have caused an accumulated deficit of approximately $48.7 million as of December 31, 2011. In addition, we have a working capital deficit of approximately $4.9 million as of December 31, 2011. We had net losses of $6.0 million and $8.1 million for the years ended December 1, 2011 and 2010, respectively. These factors, among others, raise substantial doubt about our ability to continue as a going concern. Our consolidated financial statements do not include any adjustment that might result from the outcome of this uncertainty. If we are unable to generate substantial revenues and/or unable to obtain additional financing to meet our working capital requirements, we may have to curtail our business or cease operations." ..page 16

Anyone who claims the shares were not used to pay for operations is not telling you the truth. Yes, they were used to pay for operations. All debt is a result of paying off operations. Period.