Cal-Bay International Inc (CBYI)

[keymaster]

Not only reasonable, but conservative and probable, but ONLY. . .

IF there is a new CEO, pawcula is gone, and CEO has ability and desire to pay off litigants that remain, and to add new RE to the portfolio.

The litigations will eventually be history, but if new CEO wants CBAY to turn around, he will have to make this happen sooner rather than later - so he can make acquisitions into the portfolio without having them later attached by old victims. I'm adding business logic to the prevailing ihub factual assumptions. There is no sound business reason to buy this troubled company unless you have plans to make it profitable. If I really spent $330k to assume this risk, I would expect at least 20% return on it within a year or less. Otherwise I would be better served by buying a low-risk interest-bearing note with my money.