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Re: None

Friday, 09/22/2006 2:11:42 PM

Friday, September 22, 2006 2:11:42 PM

Post# of 381636
CBAY trading at a new low...what a bargain for a stock with a book value of $1.42

Reported Value Market Value
------------- -------------
Aspen Cove Resort $ 2.6 M $ 5.0 M
Valley Lane LV $ .25M $ .33M
San Francisco CA $ 2.65M $ 3.3 M
Seagoville, TX $ 1.5 M $ 1.5 M
Chapel Downs TX $ 1.2 M $ 1.2 M

COBS HOMES $ 6.7 M $ 6.7 M

OTHER CURRENT ASSETS $ 2.54M $ 2.54M

Florida Note Receivable $ 14.99M $ 14.99M
----------- -----------

TOTALS $ 32.43M $ 35.56M

22,797,501 shares / $32.43M is Real estate = $1.42 BOOK


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