Cord Blood America, Inc. (OTC:CBAI) is one self confident company. In January, offering to preserve your stem cells the company even opened a brand new facility just for that. Thing is, they don’t appear to have too many clients interested in their offerings. The poor and decreasing revenues and millions in quarterly losses says the business is not really going according to plan.
The CEO was very confident they can get the positive cash flow in 2009. And they did. Following the best traditions of penny stocks they just issued some stock, borrowed here and there and kept the company going. Watch the cheerful grand opening of their new office – surely you can see these people love their job.
