Wednesday, November 07, 2007 12:24:37 PM
Date: Tue, 6 Nov 2007 08:18:13 -0800
> From: deleted for privacy reasons
> To: cbayintl@hotmail.com
>
> To Whom It Concerns,
>
> As a Shareholder, First American Stock Transfer gave me this address as a contact for Cal-bay, just have a few quick question for you:
>
> Who is the CEO? Is it Roger Pawson or Syed Rizvi? Contact info for him?
>
> If Pawson is CEO, how did Rizvi file these reports without any response from Cal-Bay?
>
> How many outstanding shares are there? The float?
>
> Any PR's coming soon?
>
> Are you opening a new office?
>
> Are there any updates on the court cases?
>
>
>
> Thank you for your time,
>
> Brent
Then here is their reply:
RP is still the acting President and CEO, the new BOD is expected to be announced within the next two weeks at which point RP will be stepping down.
Mr. Risvi illegally obtained the Edgar codes and is being investigated by SEC enforcement as a result of the company's complaint to the SEC. Mr. Risvi was never an OD of the company and at the time of his initial filing owned less than 1% of the issued and outstanding common shares of the company. The company is controlled by insiders with Preferred shares which have jumbo voting rights in order to prevent such an attempt of a hostile takeover. The company is also filing a major lawsuit agianst Mr. Risvi for theft and fraud, he will served immediately once his wherabouts have been established.Mr. Risvi never disclosed any of his true contact information in the filings he only used the company's CA information, which he never had access to!
The company is opening a new office this month, there will be an announcement by PR with contact information at that time.
The new BOD are expected to issue PR's on the status of the company's share structure, holdings and legal issues at that time.
That's about all I can give you for now.
My next step is to try and contact SEC to see if there is actually an active investigation.
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