Cal-Bay International Inc (CBYI)

[Alyssa]

It seems to me that Roger with his dumping of billions of more shares into the market could have raised enough cash to right the CBAY ship if he had ever been serious about building up a business/REIT. The fact that he apparently has not done so and seemingly ignores most of the legal actions against him tells me that he never had that intention. He acquired the real estate portfolio just to entice shareholders to buy, never intending to pay the mortgage notes or even the taxes; he just needed the low-float and those assets temporarily "for show" so that he could sell shares and line his own pockets. I mean what else could he have done with all of the shareholders' money?

I wonder if he will publicly respond to this latest news with a PR full of his usual indignation and denial.