Replies to post #17310 on Cal-Bay International Inc (CBYI)

[Vulcan]

THey are seeking a deficiency judgement.

[Alyssa]

But $4 million was the purchase price IF the transaction had taken place, but the buyers backed out. I don't believe this property is an asset of CBAY's; I think CBAY is a defendant only because Roger committed the company via corporate guarantee to the tune of $781,000, and I suspect he (or his agents) are the very ones who backed out of the deal ('cause he's that kind of guy).

Of course, I'm not sure...just trying to think like a crook.