Cal-Bay International Inc (CBYI)

[Fugundus]

MUST READ ! Take your time don't be shocked!
O.K. 1 more post before I'm fishing for a week!
For everyone who wants to keep focusing on the O/S count.
LOOK on 11/16 this article released had :
Common shares 78,230,998
Class B shares 103,830,716
Today:::
Common shares 156,780,998 18,045,993 restricted
Class B 106,034,326
class c 261,358

SO thats a difference of 81,014,968 with 18,045,993 restricted some said to be collateral.

81,014,968 shares x .048 (todays closing price) =$3,888,718 value

On 11/13 CBAY paid cash for Imperial Beach Hotel worth 5-6 million dollars.
http://biz.yahoo.com/bw/061113/20061113005670.html?.v=1
If we take that one asset (which is also generating income from a lease with HBO) IT'S worth more than the added shares alone + 1.5 million + rental revenues.
Add to that +++++++
20.6 ACRES in Bonita aquired 11/29 worth 7-10 MILLION
http://biz.yahoo.com/bw/061129/20061129005788.html?.v=1
54 HOMES in Las Vegas worth 24.5 MILLION (also generating income)http://biz.yahoo.com/bw/061204/20061204005616.html?.v=1
30 HOMES Las Vegas closing worth 13 MILLION (also revenue generating)http://biz.yahoo.com/bw/070111/20070111005557.html?.v=1
Cobs Homes released Tim Assured me today was like a short marriage but in the divorce CBAY got 100% BACK (IMO CBAY got 125% because they gained 40 less paychecks to cut everymonth, @7500 squarefeet of less office space to pay for, and the additional overhead. I saw those employee's and office space with my own eyes) I saw no benefit with Cobs to CBAY anyway since Cobs had a previous partner not work out either..
http://sev.prnewswire.com/construction-building/20050407/CLW00706042005-1.html

SO that's 40 MILLION in assets (revenue generating) IMO with no dilution since I'm counting 81 Million for Imperial Beach + equity and the original 78 million from 11/16 article I'm counting for :
Aspen Cove Resort $ 2.6 M $ 5.0 M
Valley Lane LV $ 0.25M $ .35 M
Seogerville TX $ 1.5 M $ 1.5 M
Chapel Downs TX $ 1.2 M $ 1.3 M

Oh they also added in the 4th quarter :
Port Charlotte FL $ 3.1 M $ 3.5 M
MB3 Motor Sports $ 2.5 M $ 2.5 M
So that's 50+ million confirmed added since NOVEMBER with only $3,888,718 share value based on .048 today's close.
Some here wonder why I bought 595k shares today,LOL
THIS STOCK IS WAY WAY UNDERVALUED/ Those additional 81 Million shares should be worth 7 cents to equal the Hotel equity alone!


ALL IMO ONLY DO YOUR DD

Mortgage companies are working employee's 10 hour day's + weekends with record loan amounts because 6 months to 1 1/2 ago was a sellers market and now is a buyers market. The media feeds on bad news YOU ALL know this you trade stocks. Call a friend or relative in the mortgage business find out for yourself! At one bank here I called today in Carlsbad (a manager friend) there loan processors are working on an average of 50 purchase loans each, from CA to AZ to NV.

You may ask as I do where did the money come from then? Well I know there were some properties sold, my guess is the profits will be on the 10K. Pawson is wheelin an dealing as someone said earlier!

AND THATS MY POST HOPE YOU ALL HAVE A GREAT WEEK!