Cal-Bay International Inc (CBYI)

[mordicai]

I think a lot of, if not all, of the las vegas properties were mortgaged a few weeks ago, but I couldn't tell if it was a refinance, or a purchase money mortgage to acquire those homes. Been a few weeks since I looked. I believe it is clark county nevada. I have to research Florida law to make sure, but I believe the deed of trust filed on the florida property might operate as an outright conveyance to the lender. Generally, an individual cannot be both trustee and beneficiary at the same time in order for a trust to exist because of the doctrine of merger. You can do so with living trusts, but not so sure with deeds of trust for real property. Pawson probably is a know it all and doesn't have a lawyer look things over, and it has probably cost shareholders dearly with the stonewall fiasco and the charlotte county property. I don't think Pawson would know how to empty water out of a boot even if the instructions were on the heel. Anyone up to calling the lender out in Las Vegas on this deed of trust and start asking questions. Piss the people off on the other side of the cal bay transactions and you just might force cal bay's hands to release the news themselves or risk having everyone bothered. Be sure to tell that lender about the Charlotte foreclosure order. lol.