BB's Stock Haven

[rheddle]

CBAY - why this will bust $1.

From 10Q dated 9.11.06: It has current assets of $32million and current liabilitiesof $8million giving it net current assets of $24million. This gives the company a book value of over $1 per share.

The revenues for the recent quarter were $300,000, but
see below from August 8th PR and you will see that
there are another $10million in revenues expected from
a new development in CA. The book value plus the
future revenues figure translates to higher future
earnings and points to even greater undervaluation of
the stock where it sits at $0.24.

Revenues are also increasing:

From August 8th PR: The company expects $10million in additional revenues once the California project is completed

From this morning's PR: The company expects an additional $20 million in revenues once the Florida project is completed.

In short:

- the company has gone from a loss maker in 2005 to a profitable company in 2006 with a low OS and revenues and profitability rising fast.

$0.24 - are you f___*ing kidding me?