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Xanada, OK, didn't know that. This stock is so cheap it seems surprising that anyone would want to short it in the first place. Maybe it will be a good thing down the road?
FLIP is on the Reg. SHO list-6/20/08.
http://www.nasdaqtrader.com/Trader.aspx?id=RegSHOThreshold
My account is showing 1.1 million in premarket - up 2.66%.
Very nice, and GSPG is sitting between CMGI and Apple!
Hey Keymaster, here's a question for ya: FIP ?????
(lol)
Well, I'm not sure if things are going to be rosy! If Roger used Johnny Lew Fratto's BHC website without his permission, then he'd be messing with the WRONG GUY! Jim Bishop wrote to LeClerc at his current company's address and that's where his reply came from, so unless Roger has infiltrated that company too, the email seemed legitimate, at least to me. And Pink Sheets confirmed with one of the posters here that the updated information was valid and correct.
If things are going to turn around, it's going to take time, and curing CBAY's standing with the Nevada SOS will be the first step. Yes, I would also be concerned that when the BHC legal people dig a little bit and complete their DD, they might decide to back out, and I HOPE they don't. It still continues to be a guessing game.
It does seem that way. The last PR sure SQUASHED the increasing volume like a bug, which was LeClerc's intent, although I haven't a clue why.
OT. Hey, JT, I'm hunting you down...is that some momo finally going on at APIO?
Is this what's known as MOMO finally going on here? APIO has been mighty strong for the past few days.
While everything Mordicai says is true, according to Chris LeClerc, the new CFO of CBAY, they have legal counsel working on that. If and when they pay up and file their report and are reinstated as a corporation in good standing, then that would be a strong signal for a new beginning for CBAY. The BHC potential has given us a glimmer of hope, but for now all we can do is wait and hope and see how the story unfolds.
Hi guys. I had never seen Reuters rate a stock that's been trading at or under a penny before, but GSPG was rated as "Outperform" when I discovered this company a few months ago, and it's still rated as "outperform" as of the date of their last research report, which was 6/3/08.
You could be right. In the beginning of the shocking and massive dilution, I gave him the benefit of the doubt and thought he would use that money to save CBAY’s assets. Looking back now, that view seems embarrassingly naïve.
Whiplash, my mind still goes back and forth on this one, and I still often wonder if Pawson meant well (he did have his own money invested), but when the dominoes started to fall when the expected $14 million distribution of proceeds from the Stonewall Estates sale was delayed in court (may still be), he couldn't find a way to recover. I mean, the real estate portfolio and the revenues some of those properties generated were real.
Then my other side tells me that this was a scam from the beginning, but still, it seems insane that Pawson would go through all that trouble only to deliberately lose it all, or most of it.
I still don't know.
lol, Whiplash. Nothing would surprise me. And do you know what Johnny Lew Fratto's favorite expression is?
"YOU KNOW WHAT TO DO."
Yikes.
lol...exactly Chloe!
Looking back at his older posts, it looks like he probably got lied to and burned by Pawson like many of us did, so good luck to the Duceman!
I've certainly contributed to posting about the dark realities of this stock, too, but I'm just trying to be optimistic. With a wing and a prayer (and the Mafia), we just might be able to recoup some of our losses.
I didn't say it had anything to do with reserving a corporate name! I just thought it was interesting. Yes, that IS our BHC at the US Patent & Trademark Office AND that IS our Beverly Hills Choppers, Inc. that you found at the Illinois SOS website, which corporation is active and in good standing, by the way.
: )
Beverly Hills Choppers' trademark is registered with the US Patent & Trademark office (1/1/08)
http://tarr.uspto.gov/servlet/tarr?regser=serial&entry=78497836
I think the email was important because LeClerc didn't say, "Jim, you've got the WRONG GUY" or "Pink Sheets made a big mistake." It's encouraging to know that LeClerc is real and didn't deny being the new CFO of CBAY, and it's almost a MIRACLE that he even responded to Jim in the first place. (I'm still waiting for Roger to return my call from February of 2006! Or was it 2005??)
(lol)
Mordicai, it’s alive after all. It looks like CBAY filed their Appeal on 2/28/08. The proceeds of about $7 million, plus the Stonewall note would bring CBAY $13-$14 million. While it’s good to see they haven’t given up, I’m not going to count on CBAY prevailing in either case, but CBAY has every right to be mad as heck at what Ararat pulled and SOMEONE should have to pay for it.
http://dockets.justia.com/docket/court-msndce/case_no-1:2008cv00038/case_id-27423/
Mordicai, not counting the highly questionable “Stonewall note,” there should have been proceeds of about $7 million paid to CBAY by the purchaser of Stonewall Estates after the Mississippi court ruling. What happened to THAT money? Is CBAY still waiting for that to be distributed by the trustee?
The company may also still own:
- Chapel Downs, Dallas
- Seagoville, Texas, commercial property
- Las Vegas warehouse
- Las Vegas single-family home (OK, probably not)
- 2 Commercial properties in downtown San Francisco
- There were 2 southern California residential rental properties that were in escrow as of the date of the last 10Q filed in January, 2007, as well as a 48-home subdivision in Omaha, Nebraska (very likely those "fell out" of escrow and never closed).
If anyone knows that any of the above properties are no longer owned by CBAY, please correct me.
Isn't it possible that much of the litigation has been settled but not yet officially released/recorded for the public's view? Maybe BHC wants the California real estate, which should be unfrozen as soon as the Edgewater judgment is paid.
The bottom line to me is: Johnny Fratto and the BHC gang MUST want something that CBAY has (other than a holy mess)(or Roger).
Oh picky picky (lol). He didn't DENY that he was the CFO, and he IS listed as CFO on Pink Sheets, and that update was verified by PS as well. So...more likely than not?
:)
But our friend, Jim Bishop, had emailed LeClerc at his current company's address in New Hampshire, where he is also serving as CFO, so that seems much more legitimate than the crazy mystery person with the hotmail address.
(lol)
Are you calling me insane again? ;) No, the email wasn't earth-shattering, but it certainly provided proof that Chris LeClerc is real and that he IS the CFO. Also, a sharp poster here confirmed with Pink Sheets that there was NO mistake on the CBAY update, and that's further evidence that "something" is up.
That's enough to make me happy and hopeful, at least for a while.
Hopefully, they'll be paid off and released as assets are sold. There WERE lots of assets at one time and actual equity. The question is: What, if anything, will be left after all is said and done.
That may be why BHC wants to go public--to raise money to expand their chopper business as well as their jewelry and clothing lines. I've seen only a few pieces of jewelry and don't think they're yet offering any clothing. There seems to be plenty of room for improvement and expansion here, and "getting the word out." They may be well known in Beverly Hills, but I had never heard of Johnny Fratto or Beverly Hills Choppers until now, but I can see how the concept and products could "catch on" if they play their cards right.
That is an interesting point on deferred taxes, and I hope you're right, DonLeopoldo. LeClerc does seem legitimate, so who knows. It's been a long wait for some of us and yes, I'd love to see this thing ROCK!
Also, I wonder if the $14 million "Stonewall" note matter has been settled and whether Roger used that as a selling point/possible windfall to the Chopper people. I'll try to find out if that litigation is still pending.
It is possible that the legal people for BHC haven’t yet completed their due diligence on CBAY, and when they discover the mess that Roger created they may back out and seek out a clean shell.
On the other hand, maybe Roger is “in” with this crowd, perhaps due to his official duties at Leonidis Films (Beverly Hills) and other California activities, and worked out a way to pay off and settle the judgments against CBAY. I don't think anyone knows if there will be anything left after all is said and done--there's a slight chance that there will be. Still, it seems like a lot of unnecessary trouble for BHC when they could simply have bought a clean shell.
For everyone’s information, I spoke with the assessor in Garfield County, Nevada. CBAY lost the Aspen Cove Resort and the 33 lots at Lake Panguitch to Professional Traders Funds, LLC (a creepy company with questionable activities) because (surprise!!) Roger didn’t pay them either. Unbelievable.
Keymaster, I hope you get your money back one way or another, and that all long-time holders do as well.
Hi Belinda. I sure hope so. There seems to be some hope, but I'm not all giddy about it! I shudder to think that Roger may still be running the show, but I suppose that would be OK with me as long as his next trick is a really good one. Good luck, my devilish friend!
Jim Bishop, thank you very much. That is pretty solid confirmation that there’s a new team in town. They’ve sure got their work cut out for them if they go forward. When/if they patch up their standing with the Nevada SOS, we’ll know who the real officers and directors are, and most likely the details of the RS. When and if that happens, it will REALLY be time to celebrate. Thanks again for taking the time…
Matthias, maybe you haven't noticed: CBAY has ALREADY crashed and burned, so it's either going to be worth nothing, or there's something legitimate and exciting going on here, and there COULD be a big payoff...eventually.
If BHC is indeed going to be the new entity and wishes to be taken seriously by investors, then a major reverse split is absolutely necessary. Billions of shares outstanding looks ridiculous and so does the .0001 share price.
Yup, and if you look at the chart during that time, he had CBAY’s share price rockin’ like crazy (.19-.80-.26-.90-.16 etc!). I’m happy about the R/S and not surprised at all, but the PR was, as usual, clear as mud. Whatever…there’s definitely SOMETHING up here!
Crazy-funny!
And following that R/S Pawson paid a dividend of 1 cent per share to all shareholders of record as of 12/31/05. And it really WAS paid the following May.
What a guy!
Me too. If I've said it once, I've said it a thousand times, 2 cents or NO DEAL (got that Johnny?).
And to cdnkid, thanks from me too.
Wow! You'd THINK CBAY would move UP just a fraction on today's volume! But nooooooo!
(lol)
(time to stop obsessing!)
Keymaster, I know all the LV properties were lost to foreclosure and at least one in Florida, but CBAY owned other properties as well, and we never heard that the Utah property was in fact sold, and as far as I know, that property was never liened or the subject of any litigation.
I can check with the county in Utah when I have some extra time, but thought you might know off the top of your head. When you say there are NO assets, do you mean there are no assets left at all...anywhere? No-how, no-way, zilch, nada???
Keymaster, are you 100% sure that CBAY no longer owns those 33 lots at Lake Panguich and the Aspen Cove resort in Utah???
Mastaflash, and if I’m recalling this correctly, it was originally Roger’s intention to develop the Utah property into 21 luxury homes; later, we were told the property was going to be sold for $5 million (CBAY had purchased it for $2.6 million), but we never heard that the sale took place. So maybe (just maybe) Johnny Lew and his Hollywood friends are looking at that property in a similar fashion—a private get-away destination for those poor, weary tinsel-towners, and he might have the cash to finance it. Johnny Fratto sure seems "well connected" with the Hollywood crowd...those properties could be an easy sell for him.
(I’m just thinking out loud, trying to make sense out of it all!)
Vrooooom...