Replies to post #33004 on Cal-Bay International Inc (CBYI)

[lifegear]

didn't the 8K reveal that their portfolio is intact?

[mastaflash]

"Why not settle those claims now instead of allowing them to be a drag on the profits and therefore delaying a return of the CEO's investment. " - I believe we will see some progress in this regard in the near future, otherwise, as you say, this whole exercise will be useless IMO.

[Welcome2Pinkyland]

'CBAY assets - of which there are none now'
how do you know that?

[mordicai]

If the new ceo is independent of Pawson, and he did indeed plunk down 330,000 of his own money, a clean shell would certainly be worth that. But cbay is not clean given all the claims, judgments, and potential stockholder claims because of the misdeeds of Pawson. So how does the new ceo clean it up. He waits for an involuntary bankruptcy petition or he files a voluntary petition if he is in fact majority shareholder. Under his bankruptcy plan he has the current classes of stock wiped out, injects some new money, and issues a new class of common for himself. The new ceo already announced his intention to cancel the existing common. He just didn't know how to go about it imho. The shell is what has value to him not the common stock he may have purchased. His common stock just gives him the right via bankruptcy to end up with a clean shell that he owns entirely. Think about it.

[Shinoki]

Yes that's what I meant. Like you've stated before that Rizvi has to take care of those problems before bringing in new assets. I think those assets (IF there is any) are on hold till everything is fixed.

One reason I think we don't hear anything from our new CEO is just for that reason... he's working on the litigation that are on going. Like I said before, he has many things to do. First fix the share structure, which we hope to find out next week. Second up list to OTCB. Third establish the portfolio... eliminate any fraud, and litigation. At that time we should see the "grand PR", but it takes time wile we wait for him to do just that. He could be spending that time on PRs, and any other public appearance, to boast about how great CBAY will be. I hope he's working on fixing these things, and once done, then come out in the public's eye. To me that would establish a great deal of credibility. We wait to see.

[WizKid]

Time Value of Money is a great point. that $330,000 could be earning 5% compounding interest at a risk free rate on a T-notes. He is obviously depicting a greater return on his investment in Cal-bay