Cal-Bay International Inc (CBYI)

[mordicai]

Cut $40 million in half. The $14 million stonewall receivable was ruled worthless by the bankruptcy court on January 5th, 2007. The charlotte county property is in foreclosure a mere 6 weeks after it was purchased for 3.1 million.Foreclosure filed Feb 2. Also check Alice's posts on this board who indicated that San Fransisco property was sold months ago and shareholders not told. Don't forget Calbay had a few deals fall through. Question is how much earnest money was lost.