Sunday, October 28, 2007 10:29:58 PM
Within the link below are some details to what happens if Form 4s are fraudulently filed with the SEC to misrepresent the ownership of a stock:
http://www.usdoj.gov/usao/nys/pressreleases/February07/whittierindictmentpr.pdf
The SEC is aware of what has transpired with CBAY's past and present situation. More than enough time has elapsed to where if the Form 4s were in error, they would have been rescinded, retracted, or amended by now. They still remain within the SEC database as factual records. So as far as I am concerned, they are factual records to include other documentation filed with the SEC by the new CBAY CEO.
So, on file with the SEC still remains these most important pieces to the puzzle...
** The Outstanding Shares (OS) for CBAY is 41,235,548 shares.
** The official CEO, Director, and President of CBAY is Syed Hasan Rizvi.
** Syed Hasan Rizvi has purchased 1.9 Billion shares of CBAY for a total value of $330,000 and filed Form 4s with the SEC to confirm his actions for being legit.
Even if the OS is still 216 million shares from what was announced in a PR that was retracted months ago, a huge disparity exists in comparison from the shares purchased by the new CEO of CBAY.
There are many other variables involved in which one could familiarize them self with from reading the IBox or the post below for a start:
http://investorshub.advfn.com/boards/read_msg.asp?Message_id=23799536&txt2find=cbay
For these reasons as I have just posted above, it should start to get very interesting here with CBAY in the very near future.
For those with any questions regarding CBAY, please ask questions to the CBAY forum as there are many people smarter than I that would give you a variety of thoughts to consider for a solid understanding.
v/r
Sterling
Sterling's Trading & Investing Strategies:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29867262
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