HO! HO! HO! is Santa going to bring us coal?
It appears this year is pretty much a wash out for CBAI.
Revenue has been increasing and cost are coming down.
What is troubiling is the amount of o/s approx 107mill vs 68mill since May of this year, without a major aquisition to justify the shares. This seems to indicate the shares are being used to fund operations- this is not good.
There are approx 143 mill a/s shares left. If they are used for anything other than inventory aquisitions, it should concern all investors.
The last thing investors want is additional authorized shares over 250mill. this would pattern the 7 billion share pattern. This wouldnt be acceptable.
The minipulation of CBAI shares as a tool should be over. Every investor should make it very clear their expectations that any shares they were left with and any shares purchased since should have substance. Meaning investors should have assurances from management that current a/s should be used judicously. Not with an assmption if they run out they can simply issue more or r/s again. This is not accpetable. At this point CBAI shares should be treated by management as if they were gold. Someone elses gold.
I understand the concept of not buying the LOI until value in the shares increasee as a good goal is to try and use as few of the shares as possible in order to make the purchases.
This being said, it is now the DUTY of management to focus on increasing the pps and sustaining this increase.
The pump and dump activities is wearing very thin with all investors. 2012 is the time for share nonsense to be over. It should have been over after the r/s. the avoidable Chill, caused a furthering of these activities. The Chill is over the share games should be over also.
To move the blame for CBAI woes from the DTC Chill to JMJ financial is ludicrous, and without merit. CBAI vouluntarily entered into an agreement with this entity. If its a bad deal the owness for this is squarely on CBAI management not JMJ financial.
Plain and simple in 2012 the pps needs to rise SIGNIFIGANTLY and it needs to maintain this rise. If the same pattern of 2011 continues into 2012, there should be immediate calls from investors for management accountability.
CBAI needs to move forward.
Its not acceptable to have a aggressive aquisition strategy as the need for the large r/s then to put in place an organic growth strategy. I am all for a slower organic growth strategy, however with this strategy there should be a halt to the use of anymore a/s shares.
Heavy dilution and an organic growth strategy is not what investors signed onto with the r/s.
The cord industry in reality is crawling along, crawling at a brisk pace, but crawling none the less. This is not the fault of CBAI.
No investor can expect CBAI to skyrocket anytime soon. A 2.00 pps is not a skyrocket, it would be a reasonable pps for a company that has the resources of a 7billion share sale and 107mill share sale over the course of several years. Management has been given the money by invesotrs. It is time to show investors substance for this money. Substance as reflected in a substantial higher pps, a real rise and a sustained rise.
Its time for management to attract the quality investors that the r/s was supposed to do. CEO said prior to the r/s there were several large investors waiting to invest but the share structure was a concern, the share structure has been fixed. where are these investors?
I have all confidence in the management of CBAI. With this said I will no longer accpet any excuses for the plan not to be implemented in 2012. The excuse time is over. Its time for real substance, and its time for the use of the a/s only for aquisition not for operations. Nothing else is accpetable.
In 2012 if CBAI doesnt take a tremendous leap forward, the blame sits squarley on management. Complete accountability of management for the pps. begins Jan 1, 2012.
Santa is bringing us all coal in 2011. If management stays true to its words pre-split and investors hold them accountable for those words, by December 2012 investors should have a VERY MERRY Christmas.
If there is no 4 leaf clover by St Patrick's Day, then this company has very serious problems. Quite frankly the pps should be on a sustained rise by now, enough were at least one of the LOI's should have been cost effective to purchase by now. It is very disturbing that come the end of this year this hasnt occurred. If this doesnt occur by the end of the 1st quarter 2012, investors should demand change. I can assure all I will be come very vocal in demanding change if this doesnt occurr.
To all have a Merry Christmas and a Happy New Year. It shaping up that CBAI will have a great 2012. It needs to, its time.
AIMHO, GLTA
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