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Friday, August 10, 2007 6:47:28 PM
Still pending, I believe, is the that NY lawsuit in which Professional Traders Fund, LLC is claiming CBAY didn't file a registration statement for repayment of a $1.6 million loan that was used to pay the mortgage on the Aspen Cove, Utah property. If that were to settle with them getting those shares, then maybe they'll do something "hedgy" to move the share price. Professional Traders Fund is a rather shady off-shore HEDGE fund. The Fund and its managers, Marc Swickle (yes, Swickle) and Howard Berger do not have pristine records, and there was at least one Cease & Desist order against them brought by the State of Washington. If you Google the fund and/or their individual names, there's plenty out there on them.
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