If they dont have assets, buying control of the CBAY shell for 300k is a steal. YOu have to remember with the home lender crisis hitting the market, things like CBAY on the pinks get crushed down way past their actual value.
The new ceo could of just pulled off the coup of the year.
Buying 30-60 million in assets for less then 10k orginally. Then buying 300k worth of stock.
He gets the assets, the shell, and future value of the shares for basically nothing.
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