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No, I was never invested in CBYI, but

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janice shell Member Level  Sunday, 09/13/20 04:38:10 PM
Re: ADVFN_hmuney post# 140324
Post # of 140402 
No, I was never invested in CBYI, but I followed it for years. The story is... rather complicated.

Walter Nicholas, who's named as president in the April 2014 press release, assumed that office since at least early 2014. That, at least, was the official story.


It's hard to follow the company's history because its disclosures at OTC Markets are very spotty. When Nicholas's name first appeared in CBYI's disclosure statements and SOS documents, there was a lot of confusion about him.

This is what CBYI had to say about Nicholas, for what it's worth:


Adding to the confusion, there seemed to be no way to trace him online; there just wasn't any info. There WAS a popular porn star by the same name, but presumably that wasn't the same guy. A rather weird photo was put up on the CBYI website, and couldn't be matched to any other images online:

Pawson had used made-up executives in the past, so it seemed entirely possible that he was a fictitious person. To make matters worse, it the bio posted on the CYBI website (see the link above) was largely plagiarized from the bio of a guy called Brad Shupe, who worked at Purity Health:


Hilariously, the company then changed the Nicholas bio, saying:

Due to the overwhelming call volume to Mr. Nicholas's previous employers and employees, we are currently updating the resume to reflect a more generic employment history.


Shortly thereafter, Nicholas's photo was removed from the company website, though he remained as CEO, according to company communications.

And then on 10 April 2014, the company put out the press release announcing the appointment of Robert Thompson as CEO:


Thompson, at least as a name, seems to have stayed on through at least early 2015. Roger Pawson has pretended to "resign" as chairman several times. That's never actually happened. And in any case, Pawson owns a very large control block.

Probably Pawson called Thompson in when it became clear that practically no one believed Nicholas was a real person. The two of them--Pawson and Thompson--had been involved at the time of the hilarious elliptical trainer venture:

Evidently the two are still associates. We last heard of Thompson back in 2013, during the elliptical trainer debacle. He supposedly owned a warehouse in L.A. that would be "new headquarters", and also a place to store the trainers. Which seem to have been… nonexistent.


No photos of Thompson were ever posted in connection with CBYI. Since he's been involved in other penny ventures, perhaps one of those companies put a photo on its website. But hey! At least he's a real person.

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