Cal-Bay International Inc (CBYI)

[mordicai]

Yesterday's buyers will soon learn Pawson speak. Reread the press release. It says Cal Bay has not filed bankruptcy. Why no definitive statement such as Cal Bay has no intention of filing bankruptcy in the near future? Then reread the press release on refinancing. Why no announcement of the closing of the new supposed financing? Because it hasn't happened. Taking way too long imho. The short thingy pulled again by Pawson yesterday shows desperation imho. So if you can't refinance, and you are in foreclosure on at least one property, what other alternative is there but to file Chapter 11 at some point to protect the assets? Then we have the SEC suspending 35 companies from trading just yesterday because of financial reporting. CBAY has overstated its income by $6 million and assets by $14 million just on the Stonewall note alone. And the sec is not going to do anything? Snicker.