Cal-Bay International Inc (CBYI)

[mordicai]

A prove up hearing is not good. It means cbay has not contested the lawsuit and defaulted i.e. failed to defend, enter an appearance. Under the law, if the defendant doesn't file an answer to the plaintiff's complaint, everything the plaintiff alleged is deemed admitted by cbay. The plaintiff will show up present its contract or note , testify that cbay did not do what it agreed, testify as to how it was damaged by cbay, and the judge will enter a judgment against cbay. This is basically what just happened in charlotte county. Expect an 800,000 judgment to be entered against cbay, and the assets to be kept frozen so the plaintiff can sell them to collect the 800,000. You my friend are now going to be called a basher for bringing this fact forward about a default prove up hearing. I said earlier you guys are bagholders, you just don't realize it. 1.8 charlotte plus .8 million edgewater is a 2.6 million rock around cbay's neck, which means all of you are wrong that this was bought by the "new ceo" for its shell value. Nothing down...nothing left. Pawson, pulled it off and managed to sell 2 billion more shares of this crap. This is my last post for the day. Watch the pumpers try to bash me on this just like they did with charlotte county. Don't all rush for the exit door in the morning. Wicks you are wrong. Cbay has already defaulted and by virtue thereof has admitted the plaintiffs complaint. New ceo can't do a damn thing about it.