Cal-Bay International Inc (CBYI)

[coin_in_fountain]

No, I'm not kidding. It's like selling a mystery grab bag, not letting you see the contents before you buy, claiming it has great potential. It keeps investors guessing. If there was really something of value inside, then he would let everybody know, so that he could sell the grab bags for a higher price.

If you think Roger is allowing the stock to trade at a tiny fraction of the book value, the only possible motivation behind that would be to let the shares fall further, and scoop up a majority stake of the common shares at a later date for pennies on the dollar. That dosn't however seem logical, because Roger is still trying to pump this stock and keep the company alive until he sees the result of the lawsuit he initiated.

Also keep in mind that a Granite (a Vegas holding company?) is suing Roger. Even if he wins his own battle, which isn't likely, the other lawsuit could wipe him out. Buying this stock is a long-shot gamble, not an investment. It's also pretty hard to make any money on such an illiquid stock. The market has been open an hour, but only about $1,000 of stock has changed hands.