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It's not really such a reach! I truly feel that something is going to happen soon. Maybe we'll all be able to join Pawson as millionaires, or maybe not. He certainly has the experience behind him to know how to play the game. I still can't figure out if he's a scam artist or just someone who got in over his head by counting on that elusive $14 million before he had it in his hands.
It seems to me that if the company were buying back shares, they'd PR that as Pawson did last September when the share price was in the 11 to 14-cent range (wow, now 11 cents sounds like a dream). On the other hand, I suppose he could be buying them back and happy to do so at these cheap prices, but that just seems unlikely at this point; it appears he's been doing just the opposite.
http://findarticles.com/p/articles/mi_m0EIN/is_2006_Sept_27/ai_n16836947
Maybe he'll do it again, trickster that he is. Anyway, I believe Pawson's very own money is still tied up in CBAY--not as a commoner, though--but still, it would benefit him personally to right this shipwreck. C'mon Roger...make us proud.
;)
Well, it would be great if that could be verified. Maybe the sale netted enough to straighten out the mess AND give us all a dividend. (just kidding...well, not really...oh, who knows)
;)
A one-cent divided was paid in May, 2006, and it was described as a "quarterly dividend," so it sounds like he intended it to become a regular thing, and that PR sure helped the stock price for several months. The situation here looks pretty grim, but you just never know. I really don't think Pawson is a stupid man (and I'm not sure if he's a scam artist). Maybe he'll find a way to get CBAY back on track.
I tried to post the link with the available information, but it must time-out or something. If this link doesn't work, you can use the link you provided; then go to Recorder; Land Information; Search Land records; Simple Search; then type in Cal-Bay International; check off all three Cal-Bay entities, and ask for detail. Here's my link, but I don't think it's going to retain the information. Good luck!
I sure wish things were prettier over here, but then again, how much worse can they get?
http://recorder.co.clark.nv.us/extreal/SimpleQuery.asp
I wonder if Roger's dream of building a REIT was inspired by his purchase of one of those courses you hear about on late night TV when you can't sleep about how you can become a millionaire on real estate with NO money using the secrets revealed in their "system," and all for $19.95!
(lol) What a mess.
Unfortunately, if you expand your research using that same link and look at the Vegas properties owned currently by CBAY, you'll see that they're subject to pending court action and possibly tax liens. Roger has his work cut out for him.
Cosmoworld, now that was clever in a curious-funny-creepy way, and I did as commanded (not sure why though). ;)
(lol) Well, speaking for myself, the FEAR factor left me long ago; it has morphed into simple numbness.
I wonder if the CEO still owns those 2 million shares bought 2 years ago at .0205. If so, his $41,000 investment is now worth $200. The share price will have to increase by 20,400% for him to break even. Seems crazy, but I think my math is correct (.0001 X 20,400% = .0204 + .0001 = .0205).
;)
You know what would be fun? If Roger would announce a $.01 dividend like he did last year, which would be over 3000% above this lame $.0003 share price. C'mon, Roger...
Hey, you never know. ;)
I had contacted Integrity a while ago and was told that it's their policy to not release information about the share structure for ANY of their pink sheet companies. Some day maybe Roger will share that information with us, but I'm not holding my breath.
Yup...looks like a winner all right **lol**
Very nice, but that's just not our CBAY..
You mean it WAS nice in the good old days. The website has been down for months; it was supposed to be re-launched in "early June."
Yeah! Maybe they'll finally launch the website one month later than promised, and maybe it will be stupendous, complete with 8 X 10 color glossies showing the remaining assets...and future plans. ("you may say that I'm a dreamer, but I'm not the only one") ;)
I know. This is CBAY. I was just stating an interesting fact.
Volume fast approaching 7 X daily 10-day average and it's only 10:34 a.m. (wow).
Someone bought 120 shares at .0002? Spent a total of $.024. Too funny!
http://www.investorshub.com/boards/quotes.asp?ticker=JMCP&qm_page=20311&qm_symbol=JMCP
Runncoach, I've been following this company for over a year and have done plenty of my own DD (not Yahoo!), including listening to at least one CC, and I wouldn't be here if I thought the company had no future or if I didn't think I'd win here; you know--eventually--as the company grows and revenues increase (as anticipated). ;)
So do you have any idea why they'd borrow such a relatively small amount of money with a crazy one-week maturity date on the notes?
Maybe something is up. I think it's interesting that the maturity date on those three notes is just one week from today.
(lol) Wester...when FRPT was in the 80-90 cent range about 18 months ago, I couldn't believe it, it was scary, and made absolutely no sense because their products were so impressive, so I just kept buying, and that's exactly what I'm doing here. Sure, it's risky, but there IS demand, and it's really not as much fun to buy stocks AFTER everything is all safe, secure, and groovy and peachy keen.
;)
Day by day, this board is getting as crazy as the stock price, and that's often a signal that an upward move is imminent.
;)
It's sad, but true that trusting anyone on these boards is a mistake. The honest posters are few and far between. Trust only in the facts and your own personal instincts and think of these boards as more entertaining than anything else.
Exactly. At least I feel that things aren't just stagnating or continuing to deteriorate, but they're actually working on a new strategy and letting a little light shine through for the shareholders.
If CBAY is successful in refinancing so that it can fund the development of some of these properties, especially Aspen Cove, then things should start looking up. I mean, that was the original plan, wasn't it? To acquire and develop properties, and work towards becoming a REIT?
Again, I appreciate the update and hope Pawson keeps 'em coming...
The former website was an accurate reflection of the properties owned/in escrow and CBAY's plans for development, so I think it's very important; the delay in its launch is most likely due to CBAY still trying to figure out which properties will stay and which will be sold--probably yet to be determined.
I think it's a good beginning and appreciate the update. Now let's see the new website!
"About to release" means very, very soooooon. I guess we'll just have to wait for this shock/love thing. Thanks for sharing that, Mr. Bull!
"JMCPCorp is about to release information that will shock many bashers and JMCP shareholders will love what they read. This is going to be bigger then many successful companies trading on higher exchanges imo."
(lol) Briboy. There's always hope that a pink will turn into a legitimate enterprise, and who knows, this could be the one. One other odd thing I just noticed: My brokerage account is showing a trade at 5:21 p.m. (ET) at .002, but doesn't show the volume, so that's a perfectly strange way to end a perfectly strange day.
Maybe it will happen. If that still up-in-the-air $14 million was the catalyst that in fact caused Pawson's little empire to crumble, then it's going to take time to rearrange/reorganize/refinance/recoup/settle things up legally. I just don't think this story (nightmare) is over and am still hoping for a happy ending. It's not like they have NOTHING here, and hopefully all will become clearer when/if they launch the new website in "early June."
Well, I'm glad you're on the case, Barney! Yes, I have my ONYI spinoff shares...they're identified only as a number in my brokerage account. When I bought into JMCP, I looked at it as a long-term hold because at $.0001, the price sure seemed right, and Moffitt and McGovern seemed sincere and energetic and they did bring God and James Monroe and the American flag into it, but then, it was about big plans in Costa Rica! So, things have moved from beautiful ocean-front resorts to oil sludge in Russia (lol).
So far, yes, the company hasn't disappeared, I've got my free shares in ONYI, and my JMCP is up 100% (at least for one day!).
I have no idea, and that is in keeping with this entire bizarre day. I bet if you tried to sell at $.0002, you couldn't do it either. Something does appear to be up, but then again, today could be just a fluke. It's pinkie-land where anything can happen and no one knows why! It was fun to see a 100% gain today, though.
We have no idea how many shares are out there, but say there are sixty BILLION, which is a lot, then some venture capitalist who likes Russian oil waste and sludge could have bought up the entire float at $.0001 for about $6 million, which isn't a huge amount of money when you're talkin' about oil. Hey, I'm just thinking out loud and NOT starting a rumor!
I got in this over a year ago just for kicks, and I don't think I've ever seen this happen...such low volume and a share price that held up and closed at $.0002. Hmmm...maybe I'll raise my sale price to a penny!
Good luck to you, Barney, I mean Briboy...and everyone else!
Maybe the company bought up many billions of the float, so shares are now sparse? (lol). Volume of 156+ million is more common, so today is bizarre. Oops, there's another buy at .002; volume now 800,000.
Well, I'm kidding about JMCP buying back billions of shares, but it's fun to think about.
(but you never know)
My point was that the more he hides behind the pinks, the more he leaves investors guessing, the more he withholds information, the more the share price diminishes. It sounded like you were saying that all of this guessing "props up" the share price...so I have to disagree!
;)
"By not telling anybody, it leaves investors guessing, helping to prop up the stock price."
You have GOT to be kidding!
Also, the new website that is supposed to be launched in "early June" should add some legitimacy to the company and give the share price a jolt, especially if it showcases CBAY's purported real estate holdings and future plans.
I wonder what Pawson's definition of "early June" is? I would say "early June" ends...ummm...tomorrow!
More likely, lack of trust.