Replies to post #33107 on Cal-Bay International Inc (CBYI)

[brezzlin]

MoMoney... that could work but I think they

would want at least an offer of 50% cash to even consider AND a very solid review of the business plan that would make them feel comfortable with the idea that the stock was going to have value.

If he already has millions in RE that can be brought in.... and there is equity there to prove worth....and his resume supports confidence... then yes, it just might work....

would have to be very solid though as they have already met a share printer....

b

[mordicai]

The creditor can go into the market today and buy 3 million shares for say $600. The creditor has a claim say for .8 million (edgewater) which he knows on the 29th becomes a judgment and he can start selling cbays california assets off to collect when the judgment becomes final in 30 days! No chance in hell. A bird in the hand is worth two in the bush. The lawyers will tell him to move forward with the judgment and to go buy the 3 million shares in the open market. No brainer.

[keymaster]

I'll respond to that one too. Rizvi, your 2 or 3 million shares are only worth 2 to 6 hundred bucks. You owe me thousands. I want cash, not MORE of your worthless stock. No, I will not accept your offer and be victimized by CBAY again. Give me the cash you owe me, and we have a deal. Yes roger and his family has many shares.

Good and intelligent reply, Mordicai. I didn't read it 1st

IMO based on your request for a response to your scenario.