Rebel
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Isn't it American Stock Transfer that is supposed to be the new TA? I called an 800 number and just got off the phone with them and was told there is nothing in their database at all on Cal-Bay International. He did tell me that if it was still in process, then it probably wouldn't show up until next week. Did you speak with someone closer perhaps--like a manager/decision maker?
Thanks.
Hi Keymaster, very likely...That dividend was a "reward" to the shareholders for CBAY's "success," (lol) while Pawson was passing CBAY off like it was a REIT, and he even called it a "quarterly dividend" in the PR. What a snake. That was announced in December and paid at the end of April, 2006, and the chart tells the story of what happened to the share price from then on.
I repeat: What a snake.
After almost 2 months, still not one word from our new CEO who is supposed to save the day. Amazing.
Why does the company have to pay a dividend? This is news to me. In the very beginning, its stock profile stated that CBAY was in fact a REIT, then later that blatant lie was corrected and we were told that it was its intention to become a REIT and, as everyone knows, a REIT must share its profits with its shareholders in the form of dividends. CBAY is not REIT. CBAY did pay a 1-cent dividend once for no apparent reason except perhaps to "act" like a REIT and/or pump up the share price so Pawson could do his thing.
They may not be meeting with Pawson in the flesh, but how can we be absolutely certain that Pawson hasn't implanted a special thought-controlling microchip into Rizvi's brain?
Belinda, it's official. You have finally lost your mind.
;)
OT Jimmym4...yes, I remember and that's a good strategy. Bring on The Kid. I'll put a call into Terry! (sorry, I can't respond to PMs..)
It could have been true as of the date of the filing, but things change quickly in pink-land. Only time will tell, and no one wants to see success here more than I do.
Hey Jimmy, what's wrong with our Red Sox? (typical, typical, grrrrr)
Yes! We're being snubbed! In my experience, especially in a beaten up, downtrodden mess of a company like CBAY, a good CEO would not have been silent for this long.
Yup, Trick or treat? That's the question (lol)
Maybe so, but still if he cared a whit about the shareholders he would have told us SOMETHING.
It seems to me that if your theory of uplisting to OTCBB status is indeed the intention, then why wouldn't Rizvi announce said intention to the shareholders like any other responsible, law-abiding, caring CEO would do? Instead, we've heard nothing out of him yet...dead silence.
Yup, we'll just have to wait and see how much nakedness really does apply to CBAY and whether or not the new rules are taken seriously...would love to see them scramble to cover (if they exist!). Forever hopeful, that's me! Good luck everyone.
Happy naked short crunch day everyone...go CBAY, go MOASS!
OT Tariniterror, is your ID a reference to good old Robert of MRKL fame, a/k/a Robert the RI mafiaso? (lol)
OK, and we GET that you want MOASS based on ummm...theories on naked shorts and Rizvi...so why shouldn't you stop pumping? Fair is fair.
;)
Keymaster, the Edgewater attorneys told me that they had actually found Roger and that they were successful in serving him in-hand, and it wasn't on on Palomar Airport Road or El Camino Real either--there's no one home at either of those alleged old/new business addresses.
OK, analogdog, then 'splain this from your very own post yesterday (BTW, thank you for sharing your DD!)
"either the case has settled or a default judgement has been filed through the Clerk's Office."
(gotcha) ;)
Is this fun or what?
It's possible that Rizvi paid them, I suppose, but it seems more likely that they were paid by the plaintiffs--perhaps the first mortgage holders in the foreclosure actions. I think it's important to know just who it was, so that's why I called.
No problem...I'm trying to look up too! ;)
We don't know who paid the tax bills. I actually called the Clark County Treasurer's office today to see if they'd tell me, but the number that appears on their website is no longer in service, and I didn't have time to look into it further. If I have time, I'll try to get a good number tomorrow.
Yes, it is quite obvious that you don't care, but maybe you should. No one knows where it's going from here, but it ain't gonna do a MOASS without a good reason.
That's absolutely a possibility, and I hope Rizvi is for real, too.
CBAY's share price collapsed when people discovered that Pawson was a scam artist who bought property with no money and then never paid the mortgages or taxes and failed to advise the shareholders of MATERIAL events, and then disappeared off the face of the earth. So far, there is NO EVIDENCE that he had ever taken any steps to save the assets that he had acquired, and he could have done so with all the money he raised by selling shares, or he could have sold a few of the assets to save the rest. He did nothing.
Ah, but don't get me started again (I'm over it, really I am)
(lol)
A week or two ago Keymaster, had figured the fair market value on the Las Vegas properties was $25 million, but after all is said and done, who knows what CBAY will end up with.
Still hoping for the best/MOASS!
It wasn't always pink and triple 0 stock, ya know?
I don't think that can happen because the plaintiffs have already won by default (again). The good thing about this is that after the judgment amount is paid, any remaining assets would be unfrozen, but not to be forgotten is the fact that most of those assets are also in legal trouble. Pawson has rolled over and played dead time and time again, so I don't believe he ever intended to pay any of the mortgages or taxes on any of the properties he acquired. He did it all FOR SHOW so he could sell shares.
Of course, the most important questions remain: Is Rizvi for real and are his intentions good? Were those Forms 4 filed because he's genuinely putting his money in this company, or were they filed just FOR SHOW under the direction of the Master Crook of Carlsbad?
I'm holding some at .0001, and agree with you, Keymaster, after also having been soaked to death by CBAY. When I have a hundred extra dollars to play with, I always think about plunking more here, but can't really see any reason to do, at least not yet, so I've been putting that money in companies that are legitimate and undervalued--like Challenger Power Boats at 3 cents--at least it's a real company with real products. (no, I am NOT recommending it).
But I'm always hopeful that holding on will pay off at some point. While I love the insider buys, there are too many mysteries here, and still no confirmation that Pawson is out as director.
That is indeed a mystery and a good bottom-line question. I have also wondered why would/how could any insider buy over a billion common shares when at the same time he's claiming there are only 41 million outstanding?
It's all very weird.
The filing IS real showing the 41 million outstanding, but is there anything that would preclude them from INCREASING that five minutes later and keeping it a secret?
CBAY has a rich history of doing things "for show." For example, boasting about the low number of OS and value of assets and shareholder equity in a quarterly report, only to dilute the heck out of it behind everyone's back; and issuing PR's about how the FBI has been called in to investigate the short position. (lol).
Absolutely! He does seem to come and go at will. Maybe one of these days he'll have to hang up his pointed wizard hat and suit in exchange for orange prison garb.
(To all the others, no I am NOT a basher! Pawson really IS a wizard!).
(lol)
Yes indeed, where is that resume we were told would be forthcoming? (promises, promises...lol)
Lifegear, that is great news. Thanks for contacting them.
Others on this board have made that statement, but it's always been my understanding that pinks are not governed by the SEC. He could have sold the shares he bought at .0001 at .0006 and not filed a Form 4 like legitimate companies would. I think people here are saying that because he filed those Forms 4 he must now abide by the SEC rules on insider trading, but I just don't think that's true here in pink-gloomyland; if I have time, I'll try to research that question over the weekend.
I would love to know if Rizvi is still holding all of his shares.
If Rizvi is indeed fixing things up, and yes, that would take a bit of time, the least he could do is throw us a little bone telling us that he's working on it; otherwise, it's just looking like more of the same.
And during many of those good old days, you couldn't sell them because NO ONE was interested in buying even at .0001. I hate those good old days. Now it's time for MOASS, right keymaster? (lol)
Go CBAY! Let's see at least 5 cents. Those were the REAL good old days!
That's exactly what some of us were hoping Pawson had been doing as he dumped more and more shares into the market. Rizvi could be in the process of settling things up, but we have no indication that he has been doing so and his intentions remain unclear, and I'm not convinced that Pawson is no longer a director-wizard at CBAY.
It seems to me that if Rizvi CARED about the company or its shareholders and, in fact, actually does have complete control, he would show his face and clarify things at least a little bit. NOW would be a good time for that. He would have also by now updated the corporate information with the Nevada SOS as to the current officers/directors. Mercer, who was President/CEO for about 3 weeks in April is still listed there; by the way, during his brief tenure, we never heard ONE WORD out of him either.
It did seem weird to me as well. I mean, they had NO PROBLEM selling that lot of shares to me at $.16, so what's up with them rejecting my break-even price for that particular lot? Crazy bunch of broker-MM's...it's a conspiracy!
(lol)
I set my GTC price at 16 cents (I am actually holding shares bought up there), but my broker rejected it saying it was too high, so I changed it to 5 cents to make them happy.
(lol)
But don't forget, Pawson called in the FBI to take care of those evil shorts last March.
(lol)
Titan, I checked in a few times today and noticed on the IHUB Level II that there was a "c" attached to many of the trades, which means a "cash" trade. I have never seen this before. First, aren't all trades for cash in pink-land anyway? Secondly, do you know (or does anyone know) what, if anything, would be the differentiating factor that would cause those particular trades to be so labeled? I mean, are the MMs taking in or throwing around real dollar bills or something?