Georgi Kamburov

Cord Blood America, Inc. (OTCBB:CBAI) Is On The Rise

by Georgi Kamburov May 3, 2013
  • $393 thousand cash
  • $1 million total current assets
  • $4 million total current liabilities
  • $5.9 million revenues
CBAI still ended the year with a negative balance sheet but the progress they made cannot be denied. Their results have almost doubled those from 2011 with the reduction in net loss being the most impressive - from $6.5 million to $3.5 million.

RITEchart.pngA part in yesterday's jump undoubtedly also played the small pump campaign initiated by the Stock Hideout. They time they have disclosed received no compensation for their services quite unlike their previous job just a couple of days ago for MineralRite Corporation (OTCMKTS:RITE). 

CBAI may very well be on the right track. They revised their business operations and have improved on almost all aspects of their operations. The only downside is the current promotion and the way it will affect the movement of the ticker. Before commiting to any trade be sure to weigh in all the risks and consider if they are acceptable for you.

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