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1o cents a day keeps the yachts on the bay.
Half cent a day keeps the bill collectors away.
$14k to 7 cent close.
C'mon synergistic, why not go for it?
Can we close at 7 cents +++?
C'mon let's all push a little on the close!
To Tim ----
Since you've confirmed that you are reading the board but not posting, please let Roger know we need a PR that puts todays 31 million stock cancellation into context.
What are the specific terms of the separation with Cobbs?
Thanks.
PR will follow 8k.
I expect a PR yet today.
On Yahoo you have to click on SEC filings, then View all Filings on Edgar in order to see it.
They did not post it in the news section.
Yes, we will gap this morning!
Good idea Synergistic.
I think the best person to talk to at Pacific is Linda.
IF there is a large short position...
They are toast --- watch for panic buying today now that the 10Q is filed and the 31 million shares are cancelled.
We could spike over 20 cents!
31 million shares cancelled --- yahoo!!!!
from the 8k this morning:
Item 2.01 Completion of Acquisition or Disposition of Assets
On January 3, 2007 the Company cancelled 31,000,000 shares of
Preferred stock.
This stock CAN run, look at this data from Synergistic.
I mentioned this earlier today but I wanted to further analyze what happened in May '06 as CBAY rose from .12 to .96 in 15 trading days. As we all know, history tends to repeat itself in one way or another, especially in the stock market.
Here's how it happened:
May 10th - PPS .12
May 11th - PPS .18
May 12th - PPS .24 - in anticipation of 10Q-1
May 15th - PPS .27 - 10Q-1 filed
May 16th - PPS .28
May 17th - PPS .31 - PR on addition of $400,000 residential rentals in Aberdeen, Mississippi
May 18th - PPS .34
May 19th - PPS .38
May 22nd - PPS .37
May 23rd - PPS .49 - PR on addition of $1.2M Sports Facility in Dallas, Texas
May 24th - PPS .65
May 25th - PPS .48 - huge pps drop, probably mm's walking this one down before a final boom.
May 26th - PPS .70
May 30th - PPS .62
May 31st - PPS .96
As you can see, the road to .96 was rocky (especially towards the end) but with some good news peppered in after the 10Q, eventually CBAY got there
Great post Syner!
Nice white candlestick!
Fundamentals and technicals are aligned.
Today a Long White Candlestick was formed. This shows that the prices advanced significantly from open to close during the day under strong buying pressure.
Roger's $100 million explained....
"The Company's quarterly report to be published next week will reflect the Corporations assets are now in excess of $100M, and the equity position now held against the assets is in excess of $41M."
Indeed Roger is correct, the 10Q just filed shows the assets are now in excess of $100m.
In the Forward Looking Estimates he lists the market value of the real estate holdings to be $75 million.
So take Current Assets of $19.4 million, plus COBS $6.7 million, plus Mkt Value $75 million = $101.1 million.
The $41m equity statement would imply that the Current Liabilities are now $60 million, leaving you with equity of $41 million.
Roll the clock forward to Dec 31 where we have more acquisitons since Dec 1, minus COBS, and we'll still have assets greater than $100 million and an equity value closer to $50 million divided by 118 million shares o/s = 42 cents per share.
Next we need to understand the details of the COBS separation.
Then we need to see the 10k.
All in good time my friends, but today was an excellent step forward, and based on today's action people are starting to get it.
As the PR's come out to give us more insight we should work our way up to 20 or 30 cents per share in the next 3 months. Where else are you going to get that kind of return?
Last chance to get in ----
....before the next gap up.
I expect several days of morning gaps. This is more fun than working...
I appreciate your opinion.
I think we'll eventually both be right.
Shorts are in trouble...
Company management today commented after a diligent review of the NOBO list (notice of beneficial ownership) dated October 13, 2006: "We feel there is a significant short position in the common tradable shares, which may be influenced by a position held overseas. The regulations for shorting against stock outside of the USA are generally more relaxed and the requirements to cover against a short position are often less stringent." Management further commented, "We are also investigating the probability of short-selling against the Preferred 'B' shares."
Before you sell, read this:
The key number for this company is growing asset value --- operating profit is not meaningful at the moment, it's asset value. Don't buy the Carlton Sheets method on TV, buy CBAY instead, Roger is essentially executing the same strategy. And doing it quite well I might add.
The following is Managements assessment of the company's
assets and current market value as of December 1st, 2006.
Property or Asset Reported Value Market Value
Aspen Cove Resort $ 2.6 M $ 5.0 M
Valley Lane LV $ 0.25M $ .35 M
Seogerville TX $ 1.5 M $ 1.5 M
Chapel Downs TX $ 1.2 M $ 1.3 M
Omaha NE Escrow $ .1 M $ .1 M
Port Charlotte FL $ 3.1 M $ 3.5 M
Las Vegas 54SFR $24.5 M $25.5 M
Bonita CA Land $ 7.5 M $13.95 M
I-Beach CA $ 4.7 M $ 4.7 M
High Springs FL SFR $ .45M $ .48 M
FL 1st TD Note $14.99M $14.99 M
TLCO Software $ .52M $ 1.0 M
MB3 Motor Sports $ 2.5 M $ 2.5 M
--------------- ---------------
TOTALS $63.91M $74.87
Better balanced view on the board today.
You will be sorry to sell at these levels imo, this stock has so much more to go --- don't even think about selling until 30 cents, and then only half.
In the words of Chicago...
"ONLY THE BEGINNNING" --- this is a $1 stock by the end of the year.
That's a very telling response. Thx.
.224 book times 2 to 3 multiple
Synergistic, apply the same math to mgt's estimate of mkt value in the 10Q at the bottom....
Holy order imbalance.
This may take awhile to open.
Naked shorts are dead.
Interesting Q! This is a 60 cent stock imo.
Page down to "Managements Forward Looking Statements Regarding Valuations" as of Dec 1 -- pretty impressive.
Quite a bit of "noise" on the board today, but not many hard facts.
We need some key data in the following order:
1. Sept 30 10Q
2. More info on the COBS separation
3. An update on shares outstanding
If all is what I expect this stock has an upward range of:
25 cents - low case
65 cents - expected case
+$1 - high case
High case is the transformation of CBAY to a true REIT, traded on the Amex Exchange.
As to dilution? Company's equity has grown from negative to $40 million. I would rather have 10% of $40 million than 100% of $0, if you get my drift.
I don't know Beth at Pacific ...
You should talk to Linda, Jody, Brian, or Edith about CBAY --- don't know Beth. OR better yet talk to Tim at CBAY IR.
I don't find your posts helpful, should you really be an assistant on the board?
Why are you adding confusion to the share count? Are you doubting Roger?
Roger told us:
Cal-Bay President & CEO Clarification Statement of Issued & Outstanding Shares of Cal-Bay International, Inc.
Cal-Bay Issued & Outstanding Common & Preferred B Shares as of November 16th, 2006:
Common Shares: 78,230,998 With approximately 3,500,000
awaiting cancellation.
Class B Shares: 103,830,716 With approximately 6,000,000
shares awaiting cancellation
And now you tell us:
Cal-Bay Share Structure:
As of January 2nd, 2006 and confirmed by Beth @ Pacific Stock Transfer Company:
* Common Outstanding Shares: 118,880,998
* Preferred Class A Shares: 20,500,000
* Preferred Class B Shares: 122,502,406
* Preferred Class C Shares: 15,000,000
According to Beth, there is one certificate in their system of common shares awaiting cancelation. She could not confim the number of shares to be canceled.
What are you trying to do?
NO Q - SEC & EDGAR Closed today
2007 Calendar of SEC Holidays
Date Federal Holidays
Monday, January 01 New Year's Day EDGAR & SEC Closed
Tuesday, January 02 In honor of President Gerald R. Ford EDGAR & SEC Closed
Monday, January 15 Martin Luther King, Jr. Day EDGAR & SEC Closed
Monday, February 19 Presidents' Day EDGAR & SEC Closed
Monday, May 28 Memorial Day EDGAR & SEC Closed
Wednesday, July 04 Independence Day EDGAR & SEC Closed
Monday, September 03 Labor Day EDGAR & SEC Closed
Monday, October 08 Columbus Day EDGAR & SEC Closed
Monday, November 12 Veteran's Day EDGAR & SEC Closed
Thursday, November 22 Thanksgiving Day EDGAR & SEC Closed
Tuesday, December 25 Christmas Day EDGAR & SEC Closed
Not the Q we were looking for, BUT
The Edgar financials were a good reminder of the progress we've made in building equity.
Click on the quarterly balance sheet data, and look at the growth in Shareholder's Equity --- beautiful!
I look forward to the 9/30 Q which should show $40m.
Maybe offices in Carlsbad Caverns???
I hear a dripping noise, Roger where's the bucket?
LOL
As bad as it is...
BUY WITH BOTH HANDS, 4 cents will be 40 cents soon!
Bad weather across the country....??????
Wow, this is new territory, who can predict what's next?
Roger's dog ate the 10Q....?
Everyone turn off the terminal and go for a walk, I'll call you when the Q is filed.
Full press release October 9:
CARLSBAD, Calif.--(BUSINESS WIRE)--Cal-Bay International, Inc. (OTCBB:CBAY - News) announces the company today completed the integration of the COBS Homes subsidiary to Cal-Bay's Corporate headquarters in Carlsbad, California. Cal-Bay and its wholly owned subsidiaries now occupy over 7500 square feet at the Palomar Road, Carlsbad location where over 40 e
mployees are now situated.
Cal-Bay CEO Roger Pawson commented the completion of this move will significantly enhance the management operations for Cal-Bay subsidiaries, particularly in the financial administration area. Cal-Bay appointed COBS financial controller Liz Nicol as Group Financial Controller today.
And then, just 2.5 months later....
In an exchange agreement in December 2006, Cal-Bay International and its wholly owned subsidiary COBS Homes, Ltd. reached an agreement whereby Cal Bay International released COBS Homes Ltd. as its wholly owned subsidiary
Under the mutually beneficial exchange agreement, Cal-Bay International and COBS Homes will operate as exclusive entities.
Cal Bay will release details of the exchange agreement in a subsequent report.
Cal-Bay International will utilize Cal-Bay Construction for the company's development projects.
In the words of D. Trump --- "You're Fired!"
Who got fired for filing the wrong 10?
From October press release:
"Cal-Bay appointed COBS financial controller Liz Nicol as Group Financial Controller today."
Roger was so mad he got rid of Liz and COBS.
In the words of Thomas Petty....
"The waiting is the hardest part."
I have loaded up on CBAY. Despite mgt hurting themselves with filing delays and mix-ups, I believe this stock is greatly undervalued.
My short term target is 25 cents, longer term 80 cents to one dollar.
Need the 10Q to confirm the equity value (which they continue to build).
Need a PR to confirm the 30 million shares are returned.
$40 million book value times a 3 or 4 multiple, divided by 140 million shares is a very good number.
PennyMaven
"The inefficient market is our friend"