Replies to post #15088 on Cal-Bay International Inc (CBYI)

[Alyssa]

Exactly. At least I feel that things aren't just stagnating or continuing to deteriorate, but they're actually working on a new strategy and letting a little light shine through for the shareholders.

[coin_in_fountain]

I also agree. We've received more information in the last week than we have received in months. Roger is taking a bold move by confessing that he has lost the majority of company equity in less than 5 months. He also mentioned legal problems, something he hasn't done before, though he gave us no further details.

My math earlier was wrong, sorry. If you don't believe the stonewall note is recoverable, as most people do, then we're down to $4.5M (now)/$40M (January) = 11%. In other words, it looks like he has lost 89% of the company value in less than 5 months. No wonder he's not interested in putting his name in a press release.

Now do some more math. Roger now has 2B shares authorized, though you would have to call the transfer agent to see how much of that is actually floating. But, we know from past experience that if Roger can float it, he will. So divide $4.5M by 2B shares, and you get $0.00225 So if you really believe Roger has $4.5M in assets, then today's price of $0.0013 is a steal!

How did we go from over a buck down to a tiny fraction of a penny? Simple answer: ROGER. The same guy still at the helm of this sinking ship.