CBAYE $1 per share from $0.25? It would seem so from looking at the OS of about 22 million shares and also considering the current assets less current liabilities (see below) about $24 million.
LIQUIDITY AND CAPITAL RESOURCES
As of June 30, 2006, Cal-Bay had total assets of $32,473,389. Those assets are comprised primarily of the real estate the company acquired, the acquisition of COBS homes and $225,000 of the assets are comprised of the proprietary software TLCO and cash in hand of $261,061.
Current liabilities totaled $7,757,465.00.
