Rebel
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Tina, OK, now I do remember that you were moderator. That is indeed crazy-creepy stuff, and you were smart not to invest here. I actually thought I was "investing" in a REAL company! I was a dope to have believed anything that Pawson or Tim Garlin ever told me, and I am no longer the nice person I used to be! (lol)
I think it means ALL of CBAYs assets, whether in current litigation or under contract or the potential value of the Stonewall note or whatever. I really doubt that Pawson holds any assets in his own name, but the order is against him as well.
By the way, Pawson is actually alive and is not in prison or out of the country. He's living in California. Just moments after the announcement hit the wires, he called the attorneys and told them that Attorney Moriarty (you know, Pawson's moral turpitude lawyer) would be appearing on behalf of CBAY, so we’ll see if that really happens. (I spoke with one of the attorneys earlier today).
At least this new development should shake things up a bit.
But Tina, that's the thing. CBAY was fully reporting up until April, when Pawson took it pink.
This is nauseating news, but in a way, I'm happy that at least this one situation is out in the open. Maybe it will open enough eyes so that SOMETHING will be done by someone somewhere...somehow.
At 11:41, volume is only 400 (average 10-day volume is 97.9 million).
Crazy stock.
(lol) Somehow that wouldn't even surprise me. While he's there, maybe he'll write a blockbuster book about his life as a crook and how he has now found God.
I think it's outrageous that no one has returned your calls (or mine from months ago) and that Pawson continues this despicable behavior, especially when I think back at how quickly they returned calls and how accommodating they were when they were looking for suckers (like me).
Maybe the Feds are zeroing in on Pawson and his gang. Maybe they're on the run!
Ah, but that's if you were a normal lender (you know, a real bank!). If you were a shady, off-shore hedge fund, then you might love it.
Hey, I'm just trying to think like a crook now that I'm in pinkyland, where it seems the game is more about selling shares and manipulation than building up a legitimate company, and Pawson and Professional Traders Fund appear to know the game well.
That's what I have been hoping he'd be doing with all of these new shares. Maybe it's still too early to tell. It takes time to settle lawsuits (oops, that's the optimistic side of my brain talking again), but even more so if you never show up in court and/or go into hiding.
Still pending, I believe, is the that NY lawsuit in which Professional Traders Fund, LLC is claiming CBAY didn't file a registration statement for repayment of a $1.6 million loan that was used to pay the mortgage on the Aspen Cove, Utah property. If that were to settle with them getting those shares, then maybe they'll do something "hedgy" to move the share price. Professional Traders Fund is a rather shady off-shore HEDGE fund. The Fund and its managers, Marc Swickle (yes, Swickle) and Howard Berger do not have pristine records, and there was at least one Cease & Desist order against them brought by the State of Washington. If you Google the fund and/or their individual names, there's plenty out there on them.
I really hate to tell you this, but Moriarty would not have been my first choice; this is so Pawson/CBAY-like that it's actually funny (let's hear it for moral turpitude!)"
"LEO JOSEPH MORIARTY JR. [#140093], 46, of Irvine was suspended for one year, stayed, placed on three years of probation with a 30-day actual suspension, and was ordered to take the MPRE within one year. The order took effect Feb. 12, 2000.
Moriarty stipulated to misconduct in two matters.
In the first, he falsely told a court several times that a criminal defendant was represented by another attorney and that he was making special appearances for that attorney. He stipulated that he misled the court and by doing so committed an act of moral turpitude.
In the second matter, Moriarty stipulated that he improperly withdrew from employment by failing to communicate with his client and allowing her case to be dismissed.
In that case, he filed a product liability complaint over a car fire. The automobile did not remain in his client’s possession, so Moriarty determined there was no viable cause of action since the car was not available for inspection.
Moriarty did not appear at two hearings, the case was dismissed with prejudice, and he took no steps to set aside the dismissal.
Although Moriarty says he told his client the case would be dismissed if it could not be settled, his client claims Moriarty never communicated any intention to allow a dismissal. He also stated that his failure to appear and the resulting dismissal were intentional, since a case could not be made at trial.
Moriarty does admit he never spoke to the client after the matter was dismissed."
Yikes, that's worse than loser. At least a loser has a chance to win, but toast is toast.
L-O-S-E-R? Do I win the prize?
;)
The chances of a R/S are probably as good as anything else, but who knows what Roger has up his sleeve, if anything at all. Speaking only for myself, I'm not willing to spend even ten dollars more of my money without something definitive. I mean, just because it's at .0001 is no guaranty that it's gonna pop or that you'll even be able to sell them at .0001. It could languish here forever. If I were new to CBAY, then I might take the chance at .0001, but I'm not new here, and I'm mad, so I won't!
Looks like it happened. Five minutes earlier and CBAY would have shown an 800% gain for the day! Hmmm...6,050,000 at .0009 and 6,050,000 at .0001 at 4:05 and 4:06 p.m. Wonder if that was a mistake?
http://investorshub.advfn.com/boards/quotes.asp?ticker=CBAY&qm_page=25080&qm_symbol=CBAY
Pawson’s Pattern and MO
Every chart below shows the same pattern (Up, up, up….KABOOM). It’s pretty clear that Pawson is a scam artist and never cared one whit about growing a company and/or rewarding the shareholders who have forked over their money; he is the only one who is richly rewarded. If the links don’t work (they gave me a hard time), then just type in the ticker and check out the 2 or 5-year charts. Unbelievable. Pawson has also been involved in BW Acquisition, Inc., Shasa, Inc., and Blue Industries, for which I can’t find stock symbols (there is just so much time in the day!).
I am hoping he can pull off just one more TRICK for CBAY before the Feds pick him up and throw him in the slammer for securities fraud. Just one more, Roger, you trickster you...bring us up to 1 penny.
TLCO (TLCO Software)
http://finance.yahoo.com/q/bc?s=TLCO.OB&t=5y&l=on&z=m&q=l&c=
MHII (formerly Gateway Distributors, NTLB, now Marshall Holdings)
http://investorshub.advfn.com/boards/quotes.asp?ticker=MHII&qm_page=60748&qm_symbol=MHII
CBYI/now CBAY
http://finance.yahoo.com/q/bc?s=CBAY.PK&t=2y
LFMI (Leonodis Films)
http://finance.yahoo.com/q/bc?s=LFMI.PK&t=2y&l=on&z=m&q=l&c=
UDHI (Union Dental Holdings)
http://finance.yahoo.com/q/bc?s=UDHI.OB&t=5y&l=on&z=m&q=l&c=
SMKM (Smart Trucks)
http://finance.yahoo.com/q/bc?s=SMKM.PK&t=3m
PGSW (Pegasus Wireless)
http://investorshub.advfn.com/boards/quotes.asp?ticker=pgsw&qm_page=92255&qm_symbol=PGSW
Pawson is toast in my book and unless he proves to me SOON that this was not a scam, I am filing a complaint with the SEC for issuing false and misleading PRs and failing to report material facts to the shareholders, and he is a REPEAT offender with a pattern, often blaming the share deterioration on shorts. Safe harbor statements do not give license to any CEO to commit FRAUD on the shareholders. The guys at Cyberkey and Universal Express, among others, are in deep trouble with the SEC for committing securities fraud, and they're facing prison time, and in the interim, the SEC can freeze assets and take plenty of other action that will mess up their lives, and I hope that they do.
I appreciate your knowledgeable posts, Mordecei, and all of the others who have contributed as well and should have recognized much earlier that if it walks like a duck...
Caveat emptor aside, shareholders should be able to rely on at least SOME of the statements made by the CEO before they invest, and it looks like Pawson has a pattern the SEC might find worth investigating. I'm an investor and simply don't have the time or inclination to become a pink sheet flipper. I never would have invested in CBAY if it were a pink, but it's now becoming clear that turning pink and disappearing may have been Pawson’s plan all along, as opposed to growing into a REIT and uplisting as he led me to believe. Man, I don’t know how these people can look at themselves in the mirror and not see pure evil lookin' right back at them.
Yeah, I'm mad.
Of course, the funniest part of that 8K is that it says when Roger took over CBAY, the shares were not actively trading and had a value of only 1 cent and here we are with only DREAMS of ever seeing 1 cent again.
Or perhaps he has his sights set on becoming the next Johnny Depp. Last September, he became President/CEO/Director of LEONIDAS FILMS INC (LFMI.PK), and look at how good he looks (and CBAY too) in this 8K! Go Roger!
"6-Sep-2006
Change in Directors or Principal Officers, Financial Statements and Exhibits
ITEM 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
On August 22, 2006, the Company accepted the resignation of Andrzej Sekula as the Registrant's Vice President and Secretary and Mr. Sekula will continue to serve as a member of the Board of Directors.
On August 22, 2006, the Board of Directors elected Billy Zane and Roger Pawson as members of the Board and Mr. Pawson to serve as Chairman of the Board. Mr. Pawson was also appointed to serve as Chief Executive Officer of the Company.
Billy Zane had his first screen role in Back to the Future (1985) playing Biff Tannen's friend Match. He landed the role as a fluke by appearing nonchalant, dressed in a T-shirt. Mr. Zane later reprised the role for the 1989 sequel, Back to the Future II. He gained prominence starring in the thriller Dead Calm opposite Nicole Kidman.
Mr. Zane is best known for playing Caledon Hockley in the 1997 movie blockbuster Titanic, the eponymous classic comic book hero in the big budget action film The Phantom (based on Mr. Zane's favorite comic) and most recently, a cameo in the 2001 comedy Zoolander as himself.
Mr. Zane keeps busy in other parts of the entertainment industry as well. He is a singer and can occasionally be seen in various Broadway shows, like "Chicago", where he played lawyer Billy Flynn. He has also played the voice of Ansem in Squaresoft and Disney's renowned video game Kingdom Hearts. Mr. Zane also had a recurring role in the popular television series Charmed in which he played poetry loving ex-demon Drake. He was voted as the favorite guest character by the show's fans, beating people like Julian McMahon. Mr. Zane directed his debut film, Big Kiss, a light-hearted romantic comedy about two journalists involved in a diamond caper, which is awaiting distribution.
Roger Pawson is currently the President and Chief Executive Officer ("CEO") of Cal-Bay International, Inc. ("Cal-Bay") a publicly traded Bulletin Board Company, which deals with real estate acquisitions. Upon taking over as President and CEO of Cal-Bay in January 2005, the Company was not actively trading and had a share value of $0.01. As of September 2005, the Company has real estate assets in excess of $12,000,000 and an equity position in excess of $9,000,000.
Mr. Pawson has gained extensive experience in the reformation and restructuring of publicly traded companies involving marketing, retail channel, manufacturing and all aspects of administrative skills.
From 2004-2005, Mr. Pawson served as President and Chief Executive Officer of Pegasus Wireless Corp. He was responsible for the restructure prior to a significant acquisition and reverse merger.
From 2003-2004, Mr. Pawson was President and Chief Executive Officer of National Business Development Co., in which he restructured and administered the reverse merger of Union Dental Holdings post-reverse.
From 1995 to 2002, Mr. Pawson acquired TLCO Software, a pioneer in the Web Authoring sector in, and developed the award winning product line "Web Factory" which was one of the most advanced Web Site Construction software programs available to the consumers through the major retail chain stores in the 1990s. The proprietary code is still owned by REP.
Mr. Pawson was educated in the United Kingdom and graduated with a Masters in Business Studies."
At this point, I'd be happy with a half-penny, which would be a 5000% dividend yield! Oh please do it, Roger, wherever you are!
Maybe he vanished back to his home country, which I believe is England. We had a poster here from Carlsbad, CA, who took pictures of the office (they really did have one); maybe we could hire him to track down Waldo, I mean Roger.
For some of us, it wasn't always a pink sheet company; in fact we were told several times by their IR guy that CBAY wouldn't go pink.
It's funny in a sad-hysterical sort of way that on my brokerage account, it's showing a dividend yield of 10,000%, referring to the 1-cent dividend paid in April, 2006. It's also showing shares outstanding of 41.2 million. Maybe this is Roger's MO: Initially making everything look all peachy keen and fully reporting with plenty of assets, income, and plans, just to get investors interested, and then mess with the share structure behind everyone's back, ultimately disappearing into the pinks knowing full well that new investors would see that last, stale reported information. I think I'm starting to think like a crook.
So that was my plan, too, wanting to recoup some of my losses, and now my biggest concern would be even if you do buy at .0001, will you ever be able to sell them at .0002? I mean if there are 3 billion shares out there now, it could take a while to get through the .0001's and if we don't hear from Roger, who's gonna want to pay .0002? Also, Roger can further increase the authorized to billions more whenever the mood hits him.
Who knows...good luck with your .0001's! I'm still not sure if I want any more of these things. (lol)
Wow. I know what you mean. I had a feeling of almost relief that my orders weren't getting filled, so maybe I'll try tomorrow, but then again, I told myself I wouldn't buy more, but for a few bucks, it might be worth the chance. That knife can't fall much further.
(LOL). No, but that's actually funny because later we found out that Zig Ziegler had changed his name from Larry to Zig, probably wanting investors to think he was the motivational speaker. He was the Motion DNA guy, now Sports Concepts (SCPT). EVERY single thing he said and did was a lie, the most serious of which was claiming the company was going to be bought out for $3.12/share (it's at .001 now). He created high drama and investors bought into the scam and lost lots and lots of money, including me. He and/or his cronies had the controlling votes and voted AGAINST the buyout, and we're quite sure he made a fortune playing the scam, knowing all along that it would not pass because the company had NONE of what he told us it had (proprietary tech, contracts with pro leagues, a huge deposit, etc.). He's been reported to the SEC and other agencies by many, and we're all hoping he ends up in the slammer!
Well I have tried several times, including yesterday, and was unsuccessful. I wonder if anyone else on this board has been able to pick some up at $.0001? I just want to know if there is a conspiracy against me.
(lol)
Only the shadow knows.
Try buying at .0001...bet ya can't!
;)
That would bring the market cap to $7.5 million if ALL three billion shares were out there. Hey, how about .009 for a market cap of $27 million? Yeah, I know, at this point there is no justification for that, but who knows what Roger will pull out of his hat.
Hope so... (again!). You know, it would be one thing if Pawson came out of his cave once in a while to explain a few things. I mean, he said the new website would be launched in early June and here we are in August, and that's just one of many, many examples of his lack of follow-through, and no one ever returns a call, and I could go on and on and on...
As I've said before, maybe he's just letting the share price go down the toilet deliberately because he's conjured up some sort of "divine" plan.
The dumbest thing is that I believed Roger, gave him the benefit of the doubt, and kept buying on the way down, and he has done nothing whatsoever for the shareholders except take our money, lose assets, and dilute the company, and now has been keeping us in total darkness. After more than a year of wrangling with this mess, I'm pretty disgusted, not only with Roger, but with myself for being such a gullible dope.
Having said that, I'm still holding and still hoping that things will turn around and that Roger turns out to be a PRINCE among men. (lol)
When I first bought in, this was a reporting company with very few authorized/outstanding shares and was building up assets with the intention of forming a REIT, so it's not like I didn't do my homework. Now it's a pinky with shares that are just about worthless.
Roger, please at least make an effort to make your long-term shareholders whole again...at this point, I just want to break even. The other thing that always shocks me, even though it shouldn't, is why would any man want to ruin his reputation and be known as a cowardly scam artist with absolutely no character or integrity? Those elements are important to most men and women I know, but apparently not to people like Roger Pawson and Zig Zigler (Motion DNA--he got me good too).
I don’t usually whine about my investment debacles, but just feel like venting...thanks for listening.
Giving Roger the benefit of the doubt, it's always been my feeling that he overextended himself by counting on that $14 million Stonewall note before he had the cash in his hot little hands, creating this domino effect resulting in the company's inability to keep up with the mortgage payments and other expenses. The cynical side of me thinks he's just another evil pink sheet stock scammer. I just don't know which side is right.
If all 3 billion shares were to be issued, the market cap would be only $600,000. The problem is that no one knows just what is left of the assets since some of the properties are in legal trouble. There is simply no investor faith, and Roger hasn't followed through with promises made (new website launch, current assets, sales, etc. and so on and so on!).
Wowie. There's some mighty big money passing through here...so far ONE DOLLAR AND TWENTY CENTS ($1.20) for 6000 shares.
C'mon Roger, give us a sign of hope...anything!
There have been no trades since 2:06 p.m. Doesn't that seem a little strange?
At 9:30 a.m. there was a 320-share trade at .0001 for a grand total of $.032!?! Wow...very strange indeed.
Well, so much for a reverse Friday the 13th...yikes.
(lol) Just trying to think positive. That scenario is not all that far-fetched when I think about it. With shares this cheap, it might be a smart move for the company to buy back the very shares it's been dumping lately into the market, dramatically tighten up the float and boost the share price, and then sell them again at much higher levels and end up with gobs of money, which would enable the company to get back on track...
;)
It's Friday the 13th...uh oh.
;)
He could use those proceeds to buy back 625 million shares, too, and then boost the share price and then sell them at 10 cents and make $62.5 million, which would help enormously (OK, just having fun with numbers). ;)
Does anyone know if this site is new or how long it's been "coming soon," or whether or not it was ever up and running?
http://www.blackoutmedia.com/
Biged, the market cap is about $400,000, but only IF ALL 2 billion shares have been issued, so in spite of the mess, that's pretty low. It's absurd, actually. I hear ya, at this point all we can do is blindly hope for the best. Caveat emptor!