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Re: GN post# 19124

Thursday, 09/20/2007 3:40:03 PM

Thursday, September 20, 2007 3:40:03 PM

Post# of 143139
I said none of those things, and I am no fan of Pawson and think he should be sitting in a jail cell, but look for yourself! The REALITY is that CBAY has plenty of assets and we haven't a clue as to the current EQUITY position or liabilities that would offset the value of those assets. My point was simple (because I have a simple mind):

If Roger used some of the money he made in dumping shares and if he sells off half (for example) of what's in the current real estate portfolio to get the company out of debt and discharge the liens and other legal obligations, CBAY could have a fresh start. That's all I'm saying. Does Roger CARE enough to do this? Probably not! Will the new CEO care enough to do it? I have NO IDEA because Roger is probably STILL the guy running the joint!