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Thats the first thing I thought. Why else file the AS increase.
I am pretty sure that 700 million wasnt bought at .0003 during the first 2 hours today.
That isnt even logical. If he wanted to just sell shares he could RS the stock and knock it back down.
This is a special situation.
Exactly,
There is no reason for the CEO to risk his own money to scam us.
Your damned if you do damned if you don't.
Garbage can run, and great legit companies can crash.
People have to learn from their mistakes, no matter how hard people try to be saviors, they wont learn a thing unless they make a mistake.
CBAY will run and the mistake here will be the panic selling on the AS announcement.
It just complicates things more.
From the begining I assumed the OS is around 1.5-2 billion
Still think it will run like mad even with an OS around those numbers.
QBID went to .029 with 15 billion OS.
Heres some other info from the last 10q filed in Sept 10, 06
September 30, 2006
-------------------------------
Shareholder/Position/Title Shares Held Ownership
--------------------------------------- ----------------- -------------
Roger Pawson, President & CEO* 0 0 %
Enray 2,000,000 4.9
Ino Pro Marketing 2,000,000 4.9
Klein capital management 2,000,000 4.9
Sound Development LLC 10,000,000 24.0
----------------- -----------
16,000,000 38.7 %
Total held by Officers & Directors
and held by shareholders with over
5% of the issued and outstanding
shares. 16,000,000 38.7 %
----------------- -------------
Total shares issued & outstanding 41,235,548 100.0%
================= =============
*Roger Pawson, CEO, has been issued 17,000,000 shares of Preferred A stock
as of September 30, 2006.
Preferred A Shares
As of Sept. 30, 2006 there were 17,000,000 shares of Preferred A stock
issued.
Preferred B Shares
As of Sept. 30, 2006 there were 104,930,716 shares of Preferred
B stock issued and outstanding. Shares were issued for financing
and acquisitions.
I found this on another board.
Email Answer from Investor Relations
I sent an email to IR to get a read on the share count and it appears 245M is common and in addition there are the Pref shares for a total of 383.8M (500M is there max limit, so not much more they can do to dilute this, if they even will). Email is below with their answer (didn't answer the last question, so replied asking for more today. We'll see):
A. The Preferred shares are in addition to the 245 million and if you look at the date in the 13G it was back in October.
----- Original Message -----
From: XXXXXXX
To: ir@calbayinternational.com
Sent: Monday, February 19, 2007 11:46 AM
Subject: Question
Q. I'm an investor and I listened to Pawson's CC on Friday and was confused by something. He reported 246M shares of common. He also reported 22M of Pref A, 116M of Pref B, and 261K of Pref C. My first question is whether the preferred stocks are counted as part of the 246M or in addition to them.
Regardless of the answer to that question, the was a 13G filed on 2/13/07 just a week before for reporting ownership by Golden Gate Investors for about 4.1M - that they were reporting as > 5% stake in the class called "common" shares. The report listed them for 9.99% of the common, which if you do the math means there must only be only 41M common shares (not 246M or about 107M if that includes the preferred number). How is this explained? There are a number of us that have been confused by this.
When you complete your 10Q for 2006 and we get it in Mar 07, what will be the number of shares used to calculate diluted EPS?
Thanks in advance for your assistance.
XXXXX
You would think that but after the BHUB scandal many owned percentages of that company including myself, and where able to profit without filings.
Pennyland is the wild west.
Or why not just do a huge RS and issue some perferred stock instead of pumping money into a pos?
Theres some many questions here which, to a keen traders is like blood in the water to a shark.
As far as I can tell on the surface there is no reason for the CEO to buy stock in a dying position without knowing "something".
There have been so many block trades going on today I would be shocked if there wasnt another form 4 after the close.
I know you have good intentions, but why did the CEO put 120k into a stock that was gonna go down?
He could issue himself preferred stock and just do a massive reverse split.
People must think their going to buy a .0001 and watch it goto .01 with little to no contraversy. If this was so easy everyone would be doing it.
It takes conviction and bold actions to be buying right now. Eventually that will be rewarded.
So let me get this straight the bashers right now are saying "Oh god this thing is diluting because they raised the AS to 6 billion" NICE TRY IDIOTS!
Why would the CEO spend 120k to dilute himself?
The proof is in the form 4's here.
Here whats I said would happen on friday!
Posted by: USF11
In reply to: None Date:9/22/2007 10:12:51 PM
Post #of 22632
The is gonna end up being one of the most incredible story stocks I have been a part of in the 6 years I have been trading.
One word of warning though, there is a good chance the stock will run to the .0005-.001 level on monday, the stock will pullback after this occurs and some type of negative news/event/rumors will start to spread. It always happens. Then eventually the stock will recover and rocketship!
Theres only one thing that can stop this thing, and thats a SEC halt.
Here the thing about the CEO, why risk any of your money?
He could just as easily done a RS and diluted it back down.
I just dont understand, why even risk the 120k? I am 60/40 on this CBAY thing being legit
The idea of trading on margin scares me to death.
Well, should something bad happen we can always sell the movie/book rights!
I thought of that immediately, I will be watching the MM's for this next week.
I got some triple 1's so I am not sweating it. Barring some type of halt I dont see how it cant run next week.
I just dont ever recall a pink ceo buy 120k worth of stock.
Hell WTVN and RVMN have run like mad on short squeezes.
I will never understand why those particular short squeezes occur on those serial RS stocks.
Not even close to the same situation. In this secenrio the ceo just flushed 120k down the toliet. He wouldnt do that.
GVRP announce both splits ahead of time, I remember I owned GVRP.
I really hope it doesnt gap up.
The SEC has nothing to do with FS's, the company didnt pay the fee with the OTCBB and send them the paperwork.
not a chance in hell that after a 1-1000 with a OS near 1 billion would leave us with a bid.
Thats a Trillion shares OS.
My head hurts trying to do the mkt cap at .0001
I think it is a short squeeze. Buy annoucing the FS the MM's get a license to short as much as they can b4 the split happen. The CEO knowing this starts buying shares hand over fist and then recinds the FS, effectually trapping the shorting market makers.
This could be epic.
there wouldnt be a bid if the 1-1000 went thru.
You guys have been around the block whats your opinion on CBAY, other then the GLKC sp? situation, do you ever recall a pinky ceo buying back that much stock?
If CBAY explodes you could see copycat CEO's doing similar things dont you think? Let's face it we are trading purely stock down here the company itself dont matter much.
The FS did not happen just a 8-k annoucing one. No stock spilts of any kind happen without going on the OTCBB dailylist.
If CBAY goes big and I think it will, this could be a huge deal for the penny market.
The is gonna end up being one of the most incredible story stocks I have been a part of in the 6 years I have been trading.
One word of warning though, there is a good chance the stock will run to the .0005-.001 level on monday, the stock will pullback after this occurs and some type of negative news/event/rumors will start to spread. It always happens. Then eventually the stock will recover and rocketship!
Theres only one thing that can stop this thing, and thats a SEC halt.
Company is Silent which tends to lead to creditability
Last friday of the month is cover the shorts day, remember this post.
The CEO put the order in probably yesterday and the form 4 showed up today no biggy. There was a billion shares traded yesterday at the .0001 CEO was probably half of it.
This will continue to go up as long as the doubt continues.
Everything is a P&D it just depends how good the pump is!
MOASS=Mother of all short squeeze's
They need to cancel the FS and its bang zoom to the moon!
Logic and Critical thinking skills are thrown out the window on super subs.
I watched a stolen shells LSMJ and BHUB run like mad, I have seen RavenMoon the worst company in the history of mankind go 30 bags on a similar FS announcement. CMKX with over 100 billion shares of OS go from .0001 - .001. The list could go on 4ever.
This area of the market defies logic and reason.
Wouldnt it be great if the company recinded the FS.
I look at it this way, Vitamin Water sold for billions to coke. JSDA is only trading around a 250 million market cap right now.
Its not out of the question, for a company like Coke or Pepsi to start a line of healthier pop.