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Maybe he was sending shareholders a message, maybe he was just trying to shake things up, maybe he and Pawson are drinking buddies, but maybe not! We just don't know. As I've said, Rizvi's intentions remain to be seen.
Cheer up! Either we'll move up or we won't. I've averaged down, but am still holding shares bought at 16 cents, so my level of mistrust is probably even greater than yours. I'm just trying to think optimistically, hoping that Rizvi isn't just another crook. Either way, at least SOMETHING is happening, which is always better than NOTHING, and the fact that we seem to be at least holding on to .0003 is encouraging.
;)
(lol) I don't think there have been predictions that we'll see $30,000 per share, but a 10,000% increase would bring us to 3 cents and make me very happy, and it's entirely possible if Rizvi turns out to be the real deal with good intentions; and of course, that remains to be seen.
;)
That was to enforce a corporate guaranty to which Pawson committed CBAY to the tune of $800 K +. It was strongly insinuated by the Edgewater attorney I spoke with that the property is or was to be Pawson's personal residence, and that the property was never one of CBAY's assets. Pawson had called the attorneys for Edgewater and told them that Leo Moriarity, Jr., would be filing an appearance to represent both Pawson and CBAY, and SURPRISE! It just didn't happen; hence, the default.
I, too, hope that Rizvi has been working hard to ease CBAY out of its various legal troubles, but the change of control from Pawson to Rizvi wouldn't negate CBAY's obligations under the corporate guaranty to Edgewater, would it?
Keymaster, on the day I became obsessive and ran out of posts, I signed up for the 2-week free trial--and that includes unlimited PM's. Maybe you could give that a try? It was easy to do.
If Rizvi is in the process of doing what I'm hoping he's doing and if he's not intertwined with Pawson, and if he does finally clue us in as to what has been going on, and issues a few positive PRs about CBAY's current equity and legal status, then that would create renewed investors' interest and trust and get this thing moving again. MOMO/MOASS can just take this so far, and while it's true that daytraders don't care much about the details, they're just part of the game, but it's been fun having them here!
The ONE thing that's different here is that our crook, Pawson, NEVER bought even ONE COMMON share that we know about. Rizvi must have some motivation for putting his own money behind the company and telling us about it when he's not even required to do so. Maybe it's all for show, but maybe not.
Only time will tell us whether or not Rizvi is the real deal. Mercer never said one word during his 3-week tenure as President/CEO, and I hope that doesn't turn out to be the case with Rizvi.
If Rizvi is for REAL, smart, and motivated (and nice), he could make it happen. Exactly one year ago today CBAY closed at 0.137 (the high that day was .155) on volume of 8.4 million
I give up, Wick. I gave it my best shot. Good luck to you.
Are you calling me insane?
(lol)
Wick, this is what appears at the Nevada SOS now, today, and then check out past filings before CBAY went pink as well. I am not just making this up, ya know.
Officers Include Inactive Officers
President - ANDREW MERCER
Address 1: 6965 EL CAMINO REAL Address 2:
City: CARLSBAD State: CA
Zip Code: 92009 Country: USA
Status: Active Email:
Secretary - ANDREW MERCER
Address 1: 6965 EL CAMINO REAL Address 2:
City: CARLSBAD State: CA
Zip Code: 92009 Country: USA
Status: Active Email:
Treasurer - ANDREW MERCER
Address 1: 6965 EL CAMINO REAL Address 2:
City: CARLSBAD State: CA
Zip Code: 92009 Country: USA
Status: Active Email:
Director - ROGER PAWSON
Address 1: 6965 EL CAMINO REAL Address 2:
City: CARLSBAD State: CA
Zip Code: 92009 Country: USA
Status: Active Email:
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpSearch.aspx
It's everywhere, Wick, everywhere, EXCEPT on that 8K, which only states that he's been terminated as President/CEO. That's my point. He could still be a director (with Rizvi).
Where does it mention anything about Pawson being "terminated" as director?
Geez.
Sorry, but you are wrong. Pawson has been sole director for a very long time, and he's still listed as director with the Nevada SOS.
No, Mercer is old news. It was Pawson then Mercer then Pawson then Rizvi. Whether or not Pawson is still in as director remains to be seen. No one has told us he's out.
But isn't it funny how they don't state that Pawson has been "terminated" or that he resigned as DIRECTOR? That 8K cleverly does not mention it. Is the reason for them not updating the corporate officers with the Nevada SOS due to the fact that they're trying to keep it a secret that Roger is still a director (along with Rizvi)?
We can't rule out the possibility that Pawson/Rizvi are in bed with each other.
Keymaster, that is around what I was thinking--$20-$24 million in Clark County, and I thank you for taking the time. This is what sets CBAY apart from most other pinkies: They actually OWN STUFF (troubled or not) and we can prove it!
Try this: Go to the Nevada SOS using this link, then Business entity search, then type in Cal-Bay International, then go to Amendments. Hope this works!
http://secretaryofstate.biz/business/
It's true. This is what it says:
Amendment
Document Number: 20070649124-95 # of Pages: 1
File Date: 09/24/2007 Effective Date: 09/01/2007
Previous Stock Value: Par Value Shares: 4,000,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 4,000,000.00 New Stock Value: Par Value Shares: 6,000,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 6,000,000.00
If you copy/paste Tina's link into your address bar, it should take you there.
Those rules don't apply to pinksheet companies.
We long-timers have been hoping that it was to SAVE the properties CBAY already owns. I mean, they have no business acquiring new properties when they can't even hold onto what they already have.
You can see the assessor's valuations at the below address (just type in Cal-Bay). Many are in the $300,000-$400,000 range. I have been wanting to add them up, but haven't had the time to do it. Yes, and I'm hoping he has that "good feeling" too, and that he cares enough to straighten out this unnecessary mess that Pawson created.
http://redrock.co.clark.nv.us/assrrealprop/ownr.aspx
That's just ONE liability related to property in California that CBAY doesn't even own. Just about all of the Clark County, Nevada properties are in legal trouble as well, but those properties have significant market value too (and the taxes are now current!).
If CBAY has indeed settled all debt and liability issues, then we should see releases of all of those Notices of Lis Pendens on the 47 Nevada properties that CBAY holds title to (as of today, they're not released), and then some factual numbers and positive PR's regarding settlement of law suits, etc. THAT would cause the share price to go ballistic because it would be based on true fundamental value rather than just charts and MOASS speculation. And investors would be less twitchy and more willing to hold.
I don't think that 6-month rule would apply here because pinkies are not governed by the SEC. This CEO was not required to file any Forms 4 to buy and I bet we won't see any Forms 4 when he sells. But you've got to love this latest buy at .0003.
I agree. Also, why would CBAY neglect to file an amendment with the Nevada SOS by now in order to update their corporate information? The leadership has changed hands TWICE since Mercer, yet Mercer is still listed there as President/CEO and Pawson is still listed as director.
It seems funny that they haven't updated that KEY information by now, but they've sure been extremely efficient in filing timely Forms 4 that aren't even required. Are Rizvi and Pawson both directors now? Or is Rizvi in fact now the sole director? Is Pawson really gone? Wish I knew the answers.
OK Keymaster, you make some good points. But what if Rizvi is for REAL, and if he truly wanted to turn CBAY around, then wouldn't his $120K benefit the company more by his insider buys that seem to have been the catalyst behind the recent share price action, and then using that newly raised money WISELY to get CBAY back on track? (OK, stop laughing).
I mean, his $120K wouldn't have bought much real estate for the company, would it? But it sure bought him a lot of shares at .0001 and created interest and volume we haven't seen for many moons. Of course, this is just a "deep" thought from someone who really has no idea what Rizvi's "true" intentions are, and we really have no confirmation that our old buddy is really out and/or whether or not he's still pulling the strings.
And I agree with you: Trickery cannot be ruled out.
;)
But you have to admit that unchanged is better than back to .0001. The BEST part is that at least it looks like SOMETHING is up rather than NOTHING (for a change).
It would be PERFECT if the new CEO filed another Form 4 showing that he bought more today at .0004, or even at .0003.
Uh oh..
You may have misunderstood. I merely reposted that information on Sean to be helpful, as I wasn't sure if you had seen it before.
No dispute!
;)
This is the guy, the President/CEO on the Lenox home page:
About
My name is Sean J. Rizvi and I am a
Sr. Mortgage Banker
NASD Broker Dealer
Stockbroker/Equities & Futures Trader
Sr. Real Estate Marker Economist
I have worked at
E*Trade Financial
Merrill Lynch
Citi Bank
IndyMac Bank
Suntrust Mortgage
Lenox Investments
Crescent Equity Partners
I have a Bachelor’s in Economics from Georgia State University and over 9 years of market experience, from being a Stockbroker, Mortgage Banker, Equities Trader, Market Economist, Economic Forecaster, and an Investment Manager.
Archives
April 2007
Blogroll
2007 Copyright of LenderNotes.com
I'm seeing an additional 9.4 million @ .0003 after hours.
Hey, I am still waiting for a return call from February. They all disappeared one dark and gloomy night and now operate out of a PO Box. If this Rizvi guy is for REAL and has plans to turn this thing around, then we should be hearing something out of him soon.
(hope, hope, hope!)
(lol) Now THAT wouldn't surprise me with his quirky puppeteer ways. Can't complain about this close though! Thank you Roger! Do some more. We want MOASS!
(lol)
Yes, it was OCTBB with plans to uplist. In fact, when I first learned about CBAY, it was already described as a REIT in its profile with something like 8 million shares outstanding and 40 million authorized, and how they got away with THAT still amazes me and ticks me off; of course Roger made it "look" even MORE like a REIT when he paid that 1-cent dividend last year.
It's quite unbelievable what has transpired here. I did get in on one run a very, very long time ago, but that win is peanuts compared to what I have lost. Live and learn! Thanks again.
Thanks, Terrorballs, for sharing that and participating in my survey! That you didn't get filled doesn't surprise me at all. Perhaps we're just not yet solidly enough in the 2's. Ah, but I feel very grateful that we closed not only in the GREEN, but at the HIGH of the day! (lol) Very bullish! (lol)
(sorry, I just can't stop laughing).
Are you kidding me? Some people sell when they see a 25% profit. And just because the share price hit .0002 doesn't mean any NORMAL people could have sold at that price. I am looking for 2 cents or at least 1, and really don't want to flip, but will if I have to! There have always been plenty of daytrader-flipper types in CBAY.
Go MOASS/FOASS!
Oh yeah...and we think this is the guy (he is also President/CEO of Lenox, too). The link to lendersnotes.com doesn't seem to work anymore, but I was able to copy and paste this cached version:
About
My name is Sean J. Rizvi and I am a
Sr. Mortgage Banker
NASD Broker Dealer
Stockbroker/Equities & Futures Trader
Sr. Real Estate Marker Economist
I have worked at
E*Trade Financial
Merrill Lynch
Citi Bank
IndyMac Bank
Suntrust Mortgage
Lenox Investments
Crescent Equity Partners
I have a Bachelor’s in Economics from Georgia State University and over 9 years of market experience, from being a Stockbroker, Mortgage Banker, Equities Trader, Market Economist, Economic Forecaster, and an Investment Manager."
Archives
April 2007
Blogroll
2007 Copyright of LenderNotes.com
Thank you for a very nice post, but I'd like to mention once more that CBAY was NOT always pink; in fact, we were ASSURED many times that we would not go pink, but here we are, as pretty and pink as can be. Some of us got in when CBAY was fully reporting and we based our investment decision on GOOD numbers and GOOD plans to grow into a REIT. If I've learned anything, it's to investigate the CEO before investing in any company. If I had done that, I would have seen Pawson's pattern and just watched and waited until it hit rock bottom (or not invested at all!).
The end. Good luck to everyone...now let's see that MOASS!
Well, we really don't know that for sure and something tells me that he wouldn't file a Form 4 to tell us if he did sell any of those shares. I do hope you're right and that he holds every last one of them and buys even more at higher prices!
I was way too obsessed with this dang stock today!
(lol)
Thanks Mr. Bill. I had to sign up for the free trial just to say thank you because I had reached my posting limit here for the first time ever! And Wowser, I don't know where this is going share price wise, and I am still trying to learn how crooks think, but I do wonder if our new director tried to sell some of his shares today and is looking at a 100% profit.