Replies to post #14680 on Cal-Bay International Inc (CBYI)

[Thorserb2]

Hello All...I'm new to this board.

I have owned Cbay for a bit now and this bulletin board is the first one I've seen that seems like it's no nonsense...for any stock. It's not a bash board, it seems like real shareholders sharing info. I took the time to go through most of the posts and after all of that...is it worth buying more? .004 is a joke...that's 25000 shares per $100. Maybe I'm just overly optimistic...or maybe I've been watching the "SECRET" too much, but ...I'm open for ideas...looking at the level II quotes there's not a monsterous amount of resistence.

Does anyone know the preferred conversion rates?

[Alyssa]

Well, by sitting back and not answering/fighting the foreclosure, Pawson bought a few months of time, which may have been deliberate for who-knows-what reason. I mean, I don't think CBAY even made the first payment, so that has a deliberate "feel" to me (lol), but then again, why would he want such a black mark on himself personally and on CBAY in the credit rating department? Maybe Pawson was counting on the Stonewall note...so many mysteries.

It would have been pure stupidity for Pawson to buy that property without a title search that would have revealed any kind of environmental/flood/wetlands problems...he may be a crook, but I don't think he is stupid. Plus, why would "General Mortgage Associates" even provide the financing if the real estate had such problems? I think the Judgment is interesting, in that CBAY still has a chance to retain the property. State laws vary, but in CT, often title to the property will simply pass to the lender in a "strict foreclosure."

I'm glad Pawson is gone and can only hope that Mercer will come through for us. It's inexcusable that we have yet to hear one word from our new CEO.