California Coastal Communities (fka CALCQ)

[56Chevy]

Yes exclusivity actually ended 8/31/10. There was never a motion seeking a further extension. Once that happens anyone can submit a plan including an ad hoc...and they would need someone with access to a large sum of money to back the plan.

Setting the biggest hurdle aside for a moment there are some great plans that could be developed. One Plan would be to offer shareholders a "rights offering". Most investors are eager to participate in those. For example PCBC raised $76MM just recently in their rights offering. For each share you owned on a certain date you recieved the "right" to buy 15.334 more shares for the set price of twenty cents. Those shares are now worth .30. Not a bad gain in a month!

We don't think this company [CALC] explored nor exhausted all the resources/options there are out there to get $15MM. This BK re-emergence effort on the part of management imo was weak...and now they've taken the cowards way out! I'm angry can you tell lol.

I think any 3rd party who looks at this seriously can come up with a plan wherein everyone wins...us included.