Rebel
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yes, I'm absolutely sure he meant .02.
;)
Well thank you, Titan. Apology accepted, ya big lug. ;)
And I ain’t leaving until I see 1 cent or at least .005--then I promise I'll disappear into the sunset.
Good luck to everyone here.
With all due respect, I think you are being unfair and condescending to those who have lost huge amounts of money as “investors" (as opposed to "flippers"). Keymaster and Mordicai and others have contributed excellent DD to this board and have a right to speak. Maybe you should place a caption in the IBOX that says “For Flippers Only.”
Brezzlin (lol) Gilda. The Panguitch Lake area is indeed beautiful and one can only hope CBAY still owns it. Roger told us in January that they were in negotiations to sell it, but originally the plan was to build 21 luxury homes, so who knows. Good luck with your bump! I'm gonna need more than a bump--all I want is one stinking penny. Is that too much to ask? C'mon Roger...let's move this thing!
That's beautiful, but I don't think that property belongs to CBAY. Here's a photo of the Aspen Cove Resort, which sits on about 5 acres at Panguitch Lake, and then CBAY owns about 40+ acres of land around the lake, which property by the way, CBAY purchased from Gateway Distributors, another one of Roger's companies.
http://images.google.com/imgres?imgurl=http://www.go-utah.com/UT/images/listings/AspenCoveResort-results.jpg&imgrefurl=http://www.go-utah.com/panguitch-lake&h=82&w=120&sz=7&hl=en&start=1&um=1&tbnid=2tQtH4UyVpElaM:&tbnh=60&tbnw=88&prev=/images%3Fq%3D%2B%2522aspen%2Bcove%2Bresort%2522%26svnum%3D10%26um%3D1%26hl%3Den%26lr%3D%26sa%3DN%26as_qdr%3Dall
What's left should be 40+ acres in Aspen Cove, Utah, the recreational facility in Dallas, Texas, and 3+ acres in California, and in June CBAY reported having financial interests in property in Florida and at Imperial Beach, Bonita, CA that were in "legal status." While your negative net equity number may be close, the market value of what CBAY still owns could be a few to several million, she says hopefully.
And I'd like to know why Rizvi is still showing in my brokerage account as an insider who purchased a gazillion shares in September. If Rizvi really exists and actually "stole" the Edgar codes as Roger claims, then why wouldn't Roger have corrected it with the SEC by now or at least issued a PR about how he's gonna call in the FBI to get 'em (again)?
What a joke.
That's SO funny because not long ago it was his policy to POST and BRAG about the share structure and the ASSETS and the EQUITY. But alas, it was all a lie. He is slime.
"Pursuing other suitors" was a ridiculous lie because at the time the stock was trading in the 70-cent range, so who wouldn't want a buyout at $3.12? As it turns out, we don't believe there was EVER a buyout offer or a deposit made. They were all friends (including this so-called "buyer"), and had to be in on the scam. The carefully worded PR's were part of it.
The DMTN board may have unanimously voted for the buyout, but whomever holds the majority of shares will rule. I just wanted to share this story for what it's worth. Someone should ask the CEO if a proxy vote for this type of action is even necessary under the corporation's by-laws, and how many shares are owned by insiders (of course, they probably won't tell you!). Good luck--just be careful!
Yes, it was the Board of Directors that approved it; the same thing happened at Motion DNA (now SCPT), and then it went to the shareholders for a proxy vote. It was an unbelievable and evil trick that the CEO played on the shareholders, but it happened. Many have reported his actions to the SEC, not that we're expecting much to come of it. Here's a portion of that PR. Again, I'm not trying to cause trouble, but this story is all too familiar to me! The BOD said YES, but the proxy vote came in mysteriously as a NO.
"PHOENIX, April 29 /PRNewswire-FirstCall/ -- The Board of Directors of Motion DNA Corporation (Pink Sheets: MTDX), has by a majority vote agreed that it is in the best interest of the company and its shareholders to formalize the acquisition offer made by Formula 51-2, LLC. After meeting on Thursday, representatives of both companies agreed upon a price of $3.125 for each share of the company. Two members of the board approved of the acquisition, while the third member voted in favor of pursing other suitors."
I'm not here to cause trouble, but take a look at SCPT, formerly Motion DNA. The "buyout" was for $3.12/share. It never happened. It simply did NOT PASS because the insiders controlled the vote and claimed on voting day that it didn't pass because they wanted $4.00. Later they said they had other interested parties and new offers, and so on and so on. They were all lies and nothing ever came of it. Many, many people took huge losses because they believed the buyout would happen, and were buying in the $1's, $2,'s and $3's and the insiders made out like bandits KNOWING that it would not pass. The stock is now trading at .0001.
And if this were legitimate, why wouldn't they disclose the name of the buyer? If they want the buyout to be taken seriously, then they owe that to the shareholders.
Hey Keymaster, maybe it would bring good luck if you were to remove R.I.P. from your posts and replace it with M.O.A.S.S. or L.L.A.P. (Live Long and Prosper)...or N.Q.D (Not Quite Dead).
or....O.M.T. (One More Time)
(lol)
I agree! NO POKEY for Roger until we see 2 cents (but I do think he should hurry...I mean, how long will he be able to get away with this stuff?).
;)
Of course that has ALWAYS been possible and the smart way to go, but as I have said before, due to his sheer lack of ACTION in trying to save the Florida and Las Vegas properties when he had every opportunity to do so, I truly believe that Roger simply DOES NOT CARE about anything except pulling off another scam. He didn't care about the vitamins, the software, the wireless, the stupid trucks, the teeth, so why would he care about increasing his knowledge in real estate or partnering with anyone who had any such knowledge? His only interest is in pulling off another scam carefully designed to enrich only one person.
(IN MY HUMBLE OPINION!)
Scam away, Roger...we're waitin' on ya, and hurry up before you get hauled off to the POKEY!
(lol)
Going back, it is still NOT CLEAR how Rizvi gained control in the first place, so to me this Rizvi deal has always been suspect. I mean by what authority did he "terminate" Roger as CEO/President? By what authority did he become a director? Roger has always controlled this company and would have had to terminate himself, and to me, Rizvi has become an increasingly suspicious character because of his dead silence.
Of course, Pawson and Rizvi could be the same person or in bed with each other.
CBAY’s assets are worth well over $8 million, so to me, bankruptcy--voluntary or involuntary--would seem irrational.
I understand, Arizona, but to me, a virtual office is better than a post office...it's an upgrade! It's not much, but I am grateful for even the tiniest scraps they decide to throw my way (pathetic, isn't it?)
(lol)
I don't think there are too many here who are looking at CBAY as any kind of serious investment as many of us did way back when, since Roger took care of that by sucking the life out of the company and its shareholders. At this point it's nothing more than a cheap subpenny lottery play, and at .0001 and .0002, they feel it's worth taking the chance. For $100 they can buy 1 million shares that would have cost them $160,000 not so long ago. Very little risk at these prices, but possible (I repeat: possible!) sky-high rewards.
(no, even at .0001, I am NOT buying more...at least not yet)
When I called that number a woman answered and I asked for Cal-Bay International; she (apparently) transferred me and then it rang and rang and rang; no machine or person picked up. No one is home I guess...at least not yet.
But if you're right that the email address and emails are bogus, then that would mean that First American Stock Transfer is being duped as well, wouldn't it?
(I think it must be legit)
Robert Wood is the new resident agent, not transfer agent. The new transfer agent (TA) is First American Transfer (the former TA was Integrity Stock Transfer--don't you love that: "integrity"), and yes, that email address was given to Wick by the new TA.
;)
I guess only time will tell. It would indeed be fascinating to study the corporate and business records, but alas, another strange and unfortunate vision I'm now having of Roger is watching him having a grand old time feeding his shredder.
What a crazy trip...
Well, I am not sure we can place Roger in that regular "people" category. ;)
(lol)
Thank you again for all of your informative posts, which by the way, are mostly depressingly negative, but at least they're supported by facts that you have uncovered with your good DD.
I cautiously agree! It actually gave me a glimmer of hope. I had to tee-hee a little when I read that email from the “IR” person explaining that Rizvi (Roger’s alter ego perhaps) “hijacked” the company’s Edgar codes and filed false filings with the SEC. For those of us who have been around for a while, it sounds like another setup for an opportunity for Roger to tell us how CBAY has been wronged (again!) and how he’s gonna call in the FBI and the SEC to find and punish all the bad people picking on the company (including those vicious shorts), if ONLY he can find them. It's just got this "familiar" ring to it.
I can almost picture Roger sitting behind his computer playing with his Edgar codes (and us)! (lol) The man has no shame.
If Wick is to be believed, and I have no reason to not believe him, that email address at hotmail was given to our new TA, so wouldn't that make it legitimate? It may be just a temporary email address set up by the company while Pawson/Rizvi/Mercer/The Shadow get their CBAY ducks in a row and their website up and running.
Your points are well taken, but from what I have read, involuntary BK’s are rare, and as ugly as things are, based on calculations in my head as to market value (NOT by Pawson’s valuations), it seems to me that there are enough assets to cover the judgments and any deficiencies, and last we knew, CBAY had assets located in Texas, Utah, and California as well and those have to be worth something. Also, wouldn’t another court proceeding only serve to prolong things, resulting in the creditors having to wait even longer for their money? Since most, if not all, of CBAY’s properties are liened, it’s not like Pawson can sell them and run off with the money. His hands are tied until those judgments are paid off and the liens released. As far as Pawson just letting things go to judgment, I truly believe that he SIMPLY DOES NOT CARE. I mean, look at all that wasted escrow money he lost because potential acquisitions “fell out of escrow.” I have never seen anything like it. He has had plenty of opportunities to PREVENT/SAVE this entire disaster from happening and the ONLY explanation that I can come up with is that he SIMPLY DOES NOT CARE about building up a company! To him, it's all a grand game of PLAYING with shares.
Again, with all of the slimy moves Pawson has made throughout his career (not only in CBAY) and the fact that he is still a free man, I am hoping that he has at least one more really good trick up his sleeve before someone shoots him or drags him off to jail.
I don't know if Pawson would ALLOW the creditors to "force" him into bankruptcy for the VERY reasons you had stated in a previous post (they’d look at the books, discover the fraud, lies, material omissions, etc., and he’d end up in prison). There MAY be enough assets remaining that he could liquidate in order to settle up with any remaining creditors. If he’s getting ready to roll with a new TA, has rented a real office, and maybe even a telephone (wow!), then there must something in the works in the form of a new scam (or legitimate company). As much as we despise him, I would have to give him an A+ for being a great crook.
He’s been at this game for years and knows exactly what he is doing. Here are some of the companies he's been involved with, and in some cases still is, every one of them of dubious distinction:
SMKM (Smart Trucks) hasn’t traded since 10/18.
PGSW (Pegasus Wireless)
LFMI (Leonodis Films)
MHII (formerly Gateway Distributors, NTLB, now Marshall Holdings)
CBYI/now CBAY
UDHI...and there are others!
Not so long ago, before CBAY went pink, you would have paid $9.6 million for those shares if you had bought them at 16 cents, as many did. Pretty freaky isn't it?
Good luck with them...go CBAY!
No. They received their email at calbayinternational.com when they maintained their website. Hopefully, that will return.
I know, Wick, that it didn't make you happy, but it sure answers a lot of questions. Nothing Rizvi did made much sense to me anyway, especially buying 1.9 billion shares when he had just told us that the number outstanding was only 41 million. At least things are clearer now, and I thank you again for sharing this. I actually feel better about things now...OK, Roger, let's do this!
Unbelievable, Wick...thank you very much.
Had a feeling...and it's true...Pawson lives!
The judgment speaks for itself. Rizvi did NOT file an appearance on behalf of CBAY nor did he hire an attorney to represent the company. If he had it would be OF RECORD. When those foreclosures were initiated, Pawson was Director/CEO and he had every opportunity hire an attorney and/or appear, but he did NOT. He just rolls over and plays dead.
Rizvi did NOT pay those taxes. They were paid by a management company, which I believe was court-appointed.
It may be Rizvi's intention to take over any REMAINING assets that are free and clear of liens, but no one knows what his intentions are, as he has not TOLD us anything, and some of us are not convinced that Pawson is out. He COULD still be a director.
No one wants to see things turn around more than some of us who are referred to as "bashers," and it's because many are out of a lot of money because of Pawson's TRICKERY and LIES. We're hoping to see a "new day" just like the rest of you.
Thanks Keymaster for the good information and for taking the time.
Mordicai is right, but this news was NOT UNEXPECTED. Pawson NEVER shows up for court and always loses (because HE DOES NOT CARE). For a very, very long time now CBAY has been ALL about the assets that will be LEFT (if any) AFTER the mess Pawson created is cleaned up, paid off, and released. Is Rizvi for REAL and is he going to be a superhero and turn CBAY around? Those are the real questions and we STILL don't know.
The list of officers isn't due until 12/31/07 at the Nevada SOS, but still, you'd think a new TA would insist on inputting the current/correct information, and you'd think that if Rizvi were in fact the new CEO he would have filed the corrective paperwork with the SOS by now. So who is it anyway? Rizvi or...you-know-who. Could it be that Rizvi was another CEO with a 3-week tenure like Mercer was? But then we have those insider buys by Rizvi. Another point: If the new TA is going by information at the Nevada SOS, then why isn't Mercer listed as CEO?
It's so frustrating sometimes...nothing is EVER clear.
Yes, you sure do have the motivation, and thanks for that link. It looks like a very nice, respectable place. I hope that we're now witnessing the beginning of a brand new legitimate company, or even a brand new TRICK would be good at this point. We'll look forward to hearing back from you.
Keymaster, are you really going to check it out? Here are my questions:
1. Who is making these arrangements? Is it a man with an English accent wearing a pointed wizard's hat?
2. What is the nature of any other businesses located within the building.
3. What is the size of this alleged office.
4. What is the monthly rent.
5. Did CBAY's check clear? Or were they paid with a few billion shares (just half-kidding).
Thanks for doing this, Keymaster. Maybe you should pack some heat. And bring candy.
(lol)
(be safe)
On second thought, maybe the new T/A provided CBAY with this new resident agent as a service, so I guess it's possible that Wood may actually RESIDE in Henderson, NV, while the Phoenix address could be just for mailing purposes or it could be his business address. There are many people named Robert Wood residing in Henderson, NV.
Still...it's confusing, but I'll give them the benefit of the doubt (again), even though they don't deserve it.
Wow, that is interesting. The thing about the resident agent is that he's supposed to RESIDE in the state of incorporation, which is Nevada, NOT Arizona.
And so our heads continue to spin...just the way they like it.
(lol)
That really IS funny-pathetic and does reek of you-know-who. I found this...the address and zip code match (maybe he's found religion):
SAGUARO CHRISTIAN CHURCH, 602-788-5000
706 EAST BELL ROAD # 200, PHOENIX AZ 85022
http://www.churchangel.com/WEBAZ/phoenix1.htm
If I'm around when Arizona wakes up, I'll call the phone number and ask for Robert Wood.