CPCF message board

Tim · Guest

I had the word stock in mind. If you can't understand that it was a slip of my finger, then the world is cruel man...

prince whowasathousand · Guest

If you had at least been close I would have seen it.

Guest

You read this from RB?

Instead of rumors, consider the facts.
1. Cash was under $3,500 as of September 30, 2007.
2. Paul Shabty, has a conviction for felony mail fraud. Paul Shabty, a co-founder, past officer and CEO of CPC, is supposedly just a consultant to CPC for "strategic planning". It is pretty clear that Shabty is actually the de facto CEO of CPC. (Shabty's family owned company holds approximately 30% of CPC's outstanding shares.)
3. CPC's 2004 10K said Shabty (CTM Group) was paid about $1.5 Million in 2004, but later filings say he/it was paid over $5 Million that year. The $3.5 Million discrepancy has never been explained.
4. The FDA never approved human trials for the MedClose Vascular Closure Device. Company press releases claim that an application for an Investigation Device Exemption was approved by operation of law.
5. CPC attempted to skirt FDA regulations requiring an investigational device exemption prior to conducting human trials.
6. CPC claimed that MedClose could undergo clinical trials because it did not pose a significant riskto trial subjects (It was NSR, a nonsignificant risk.
7. The price of shares was ran up in the Fall of 2006, when CPC announced that it had received permission to conduct human trials from both US and a Canadian independent review boards.
8. The review boards only allowed trials, because CPC assured them that MedClose did not pose a significant risk to trial subjects. (because it was NSR.)
9. Trials have been stopped. Why?
10. CPC's press releases announced that MedClose was a non-significant risk device.
11. CPC's continued to lead investors to believe that MedClose was a nonsignificant risk device, even after the FDA sent CPC a letter in October 2006 to remind CPC that MedClose was a significant risk device.
12. More than five months passed, from the CPC's receipt of the October 2006 letter until the general public learned that the FDA said that MedClose was not a nonsignificant risk device. (It was "SR".)
13. CPC also failed to disclose the fact that a researcher who tested MedClose on pigs in the 2002-2003 fiscal, a cardiologist of impeccable credentials, Dr. Joel Strom of the University of South Florida, "said the device didn't work and was very cumbersome to use. 'It needed a lot of development,' Strom said." See the below link to a Dow Jones Newswire column.

The FDA warning letter and a column by an award winning columnist are viewable by clicking these links:
http://www.cpca2000.com/press/PR062807-2.pdf
http://www.fda.gov/foi/warning_letters/s6354c.htm

There is more that you should know about this one employee bulletin board company, but I don't wish to make this to long and too complicated. Look into Shabty's association with US Diagnostic Laboratories and the convictions of its "consultant". USDL gopt burned for passing off a de facto officer as a "consultant". Try to learn about CPC's single employee, Rod Shipman, who apparently is running a fantasy baseball club on the west coast, the Halo Baseball Club. Try to find out what happens to the MedClose patents if CPC goes BK. No one will tell you. Be cautious about claims that Shipman hasn't been selling shares. He should be holding hundreds of thousands, if not a million shares, more than SEC filings indicate if he hadn't disposed of as many shares. Just try to get a call returned from CPC.

The "people" who want to sell you shares will try and convince you not to think about the above, by insisting that I am either a "paid short" or have a vendetta against either CPC or Paul Shabty. Neither are true, but what if the pumpers were right and I was this nefarious boogey man. The facts are the facts and the pump and dump brigade can't deal with anyathing of substance.

THIS IS ALL MY OPINION AND YOU SHOULD DO YOUR OWN DUE DILIGENCE.DO NOT MAKE INVESTING DECISIONS BASED ON ANYTHING POSTED BY AN ANONYMOUS WRITER, EVEN MY OWN POSTS, ON ANY INTERNET MESSAGE BOARD AND NEVER LISTEN TO RUMORS.

Careen · Guest

Thanks for the post on this board, I really appreciate your opinion and totally agree with it. Do you have any stocks of this co?