Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
76,000 shares @ .13 this morning. partial fill before lift off. Almost flipped to put profits into a round trip ticket. need the miles.... glta
Lucky- Mak has 20 million free reasons (shares)for this company to succeed over the next year. So, that's a good thing. He has to think his company will do well. But I doubt he's buying...doesn't have to. jmo
The issuance of the convertible preferred was approved a year ago...old news. The actual conversion of 100,000 preferred into 20 million restricted set's Mak up for a nice pay day a year from now under his employement agreement. I see an overeaction and a nice bump coming. jmo
Form 8-K for ASIA GLOBAL HOLDINGS CORP.
-----------------------------------------------------------------
10-Oct-2007
Other Events, Financial Statements and Exhibits
ITEM 8.01 Other Information.
On October 9, 2007, the Company, pursuant to an Employment Agreement with Mr. Michael Mak (See Form 8-K filed with the Commission on October 30, 2006), has issued Mr. Mak Five Hundred Thousand (500,000) Shares of Series A Convertible Preferred Stock ("Series A Shares").
On October 9, 2007, the Company received a written notice from Mr. Mak indicating that he intends to convert One Hundred Thousand (100,000) Shares of his Series A Shares into Twenty Million (20,000,000) 144 Restricted Shares of Common Stock.
On October 9, 2007, the Company authorized the conversion of the specified number of shares for conversion and sent a request to the Company's Transfer Agent, through the Company's Corporate Counsel, to convert One Hundred Thousand (100,000) Shares of Mr. Mak's Series A Preferred into Twenty Million (20,000,000) 144 Restricted Shares of Common Stock.
The conversion took place on October 10, 2007.
Item 9.01. Financial Statements and Exhibits
Exhibit No. Description
99.1 Board of Director Resolution authorizing the issuance of Series A Shares to Mr. Mak dated September 6, 2007
99.2 Board of Director Resolution authorizing the conversion of Series A Shares into 144 Restricted dated October 9, 2007
volume precedes price- let's get back into the chocolates!!
smart play. Guaranteed win. I've been in and adding for over a year, so I'm more patient than next week. gltu
Good Day for no news. Held 30. Another different half a million bucks invested today. Think we have some strong hands here.
jmho
agree, really not in their best interest to mess with this. I too am of the opinion that a fair value offer is in sight. I'm hoping for a nickel. jmo
Any idea what it is....the highest pps paid by Sid Almaz. And, do you think that pps is the minimum or maximum upside here.
FAIR VALUE?
“Fair value” defined. “Fair value” means a value not less than the highest price per share paid by the acquiring person in an acquisition.
http://law.justia.com/nevada/codes/NRS-078.html#NRS078Sec3793
The PR said they are going to expand into higher margin retail. That's good with or without a buyout for the remaining shareholders. It could be in their best interest to preserve their good reputation and not mess too much as they come forward with a fair value offer to retire remaining shares.
jmo
or thrown under the bus lol
I'll take the over. Still Holding.
ah...that would be me. We need to be thinking in terms of dimes and quarters for starts.
Happy New Year everyone: Go CBAY!
Here's to a good day for Cbay!
sand: best to you.
hope you have a productive visit tomorrow. /e
always consistent though.....full of it.
Hog, please call. thx
exactly, 4000 shs less than $500.00 invested and she invites herself to fly up to Windsor for the Trip. Makes you wonder who and how many folks are backing her. And....Lol...what the hell were you and Airys thinking when you agreed to meet with her. Anyway, no good deed can go unpunished Lol
You were an Asus shill on the trip. /e
what a way to go Reit...seriously
Find out beforehand if Tim is going to require that you sign a Non-disclosure agreement and if so review if before you do. jmo
maybe he just doesn't want the CPA firm to receive millions of calls.
Alice,nice work. Maybe you could share a list of questions you already have and we add to the list to eliminate redundancies.
Thx, Rick
nice PR today. e/
They took their certificates and left with drywall...:)
nice post...email.
maybe we'll get to the .10 target and with some news.....
maybe you can still pay pal them. e/
Press Release Source: Cal-Bay International, Inc.
Cal-Bay International Completes $24.5M Acquisition of Residential Lease Property Portfolio in Las Vegas, Nevada
Monday December 4, 9:01 am ET
CARLSBAD, Calif.--(BUSINESS WIRE)--Cal-Bay International, Inc. (OTCBB:CBAY - News): Cal-Bay International Today Announced The Completion & Close Of Escrow For The $24.5M Residential Rental Property Portfolio Of 54 Homes In Las Vegas, Nevada.
ADVERTISEMENT
Cal-Bay International's Management today announced the closing of the 54 single family home residential property portfolio acquisition in Las Vegas, Nevada.
The portfolio of single family homes has an appraised value in the region of $24.5M and is currently approximately 91% leased. This adds over $1.1M in reported revenue to Cal-Bays current rental portfolio. The homes are primarily located on the SW side of Las Vegas and are mostly under 5 years old.
Las Vegas residential property values are currently increasing at approximately 10% per annum and the rental/lease markets in the area are very strong.
At the time of closing Cal-Bay has a cash equity position of approximately $1.5M based upon the appraised closing price.
Cal-Bay plans to file an 8-K Statement this week detailing the terms of the acquisition.
Cal-Bay now owns 55 Residential properties in Las Vegas, and is currently in negotiation for an additional major residential development property in Nevada.
Roger Pawson/President & CEO
FORWARD LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties. The Company assumes no obligation to update any of the forward-looking statements in this release.
Contact:
Cal-Bay International, Inc.
Tim Garlin, 760-930-0100
Fax: 760-930-0200
IR@calbayinternational.com
www.calbayinternational.com
www.cobshomes.com
www.tlcosoftware.com
Source: Cal-Bay International, Inc.
where is this scene? great photograph!
Hey trade, been lurking here, may be time for me to average down. Hope all is well!
nice find.
I wouldn't make the direct realtionship that dilution has effected a 70% reduction in pps. There will be more dilution until they obtain conventional financing or generated postive cash fllow from operations without awarding stock to fund future growth, but I am not aware of a projected run rate. I am not going to make the assumption that the pps will continue to decrease in the meantime. GLTU
DaFloorGuy: 2nd request: am I the "you've" you are referring to in the last sentence?
Date:12/3/2006 11:00:01 AM
Post #of 201402
"someone you've hurt" is you've me?
Sad thing is it could happen. I'm not saying I want it to. But one of these days one of these pink CEOs is going to cost someone more than they want to lose, and that person is going to get satisfaction. In this day and age where it's easy to get peoples personal info, I'm honestly surprised it hasn't happened yet. There are people here who have lost just about everything believing in this stock, I'm sure there are broken relationships, and probably even divorces in the works over this. Lives very seriously effected because the company pumped and promised very lofty goals. Someone who feels they have nothing left to lose is likely to do just about anything. IF anything from Sulja is reading this, it's something you need to consider, very seriously.
This is NOT a threat, and while I DO hope you get some payback if this was all a scam, I really hope someone you've hurt in all this doesn't decide to get some old testement justice.
ribluesky: I don't know. Someone else here might know the answer. Maybe a good question for IR.
Chirstmas lights.....
good analysis unidev1
it'ssort of like a Reverse Reit....(just made that up Lol. "RR", copyright pending lol.)
Reits dividend out cash flow. Since CBAY is not a Reit, to enhance shareholder value they could buy back shares with funds that would otherwise be Reit dividends.
They can also refinance some properties to buy back shares. The bottom line is equity has to outpace dilution. At a nickle, they probably can only transact shares for downpayments. good day.
"someone you've hurt" is you've me?
Sad thing is it could happen. I'm not saying I want it to. But one of these days one of these pink CEOs is going to cost someone more than they want to lose, and that person is going to get satisfaction. In this day and age where it's easy to get peoples personal info, I'm honestly surprised it hasn't happened yet. There are people here who have lost just about everything believing in this stock, I'm sure there are broken relationships, and probably even divorces in the works over this. Lives very seriously effected because the company pumped and promised very lofty goals. Someone who feels they have nothing left to lose is likely to do just about anything. IF anything from Sulja is reading this, it's something you need to consider, very seriously.
This is NOT a threat, and while I DO hope you get some payback if this was all a scam, I really hope someone you've hurt in all this doesn't decide to get some old testement justice.