1/22/07 PR: "Cal-Bay International currently owns approximately $100M in real estate assets, with a retained equity (book) value of approximately $40M. An additional $60M in acquisitions are currently pending in escrow or in contract.."
Pawson told us that the Stonewall issue was being reviewed by another court, and I suppose that could be a big fat lie, but that's what he said. One can only hope that the potential foreclosure issue will be resolved soon and the lis pendens released.
Still, the company has plenty of assets and solid monthly revenue coming in, but we're basically in the dark as to the true numbers until the next filing.
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