Cal-Bay International Inc (CBYI)

[Belinda Bicciano Jr]

That's it. That's it exactly. You point it out.


Was talking last Saturday with a guy I mentionned in another post, that guy is partner with Baron's funds. He told me that he once bought a 15% interest of a company once it was with the E after the name... this was one of his biggest bagholder: 2 years later he was with about 3400% gain.

Think: pay now 0.040 / let CBAY make business during one more year. I made calculation with him: on 2007 December 31th 2007
CBAY will have, based on the same rythm, gross assets of about 450M US$ and net assets of about 148M US$ !!!

Since the need of distributing preferred B shares to finance acquisitions is less and less needed, because revenues of current properties are more and more consequent, you'll find out that we could be shareholders at that time of a net assets/share of about 1.55 US$, plus the fact that during that time the Company image appreciates, so the SP could be, as it is with soooo many companies, at several times the net assets,...

Let's say 4 times - reasonable - this makes about 1600% gain on one year !

OK then I'll say my employer "Good Bye"

GLTAL