However, technical analysis and fundamental analysis does.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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Almost every other penny pumped on this board is a scam
Mu Meson, I have to strongly disagree that every other penny on here is a scam.....NOT RSHN.
RSHN has a few genuine products selling on shelves as we speak and coming out with many others very soon, not to mention some major contracts being signed with some major stores. Do your own DD & you will see.
SRLT
-------------------- ~You aren't wealthy until you have something money can't buy.~ Posts: 3070 | From: CT | Registered: Apr 2006
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Almost every other penny pumped on this board is a scam
Mu Meson, I have to strongly disagree that every other penny on here is a scam.....NOT RSHN.
RSHN has a few genuine products selling on shelves as we speak and coming out with many others very soon, not to mention some major contracts being signed with some major stores. Do your own DD & you will see.
SRLT
Ill have to beg to differ:
1) RSHN is a pinkie which means it is a scam.
2) The OS of RSHN is unknown since there is no transfer agent. The agent listed is not RSHNs agent bcs. i called them.
3) Both Corr and Lynch are mobbed up. Explain why Rush was once located in Palm Springs.
4) The products do not exist.
5) RSHN does not even make any beverages which is what crushed your dd. There is a second co. called "Rush Beverages", a shell, which Corr owns.
Im sorry about the above facts.
Posts: 167 | From: Dallas | Registered: May 2006
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posted
HEY, this is the CBAY thread... however... I used to be in RSHN and my father did warn me that the stock symbol RSHN was run by mobsters/scammers... I sold out at .0085 with RSHN and took a sweet 1000% gain... I tried to tell people to get out at the top, it's been falling ever since... all to their own investments though... and there are good facts to RSHN that make it much more credible than other pinks...
CBAY is definitely not a scam... no stock that issues a divi is...
Now that we have established this... let us move on to another week of trading... and see if I can't ride some free shares!...
glta
Adlai_
-------------------- MSEP Posts: 599 | From: Springfield, MO | Registered: Feb 2006
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I think momentum will be on our side, even with no news. But news would be nice. If The CEO was watching Friday while this thing took off, maybe he recognized the opportunity he has to release good information about his Company and raise the value to where it should be, or close to it.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR PLAN OF OPERATION
FORWARD-LOOKING STATEMENT NOTICE
When used in this report, the words "may," "will," "expect," "anticipate," "continue," "estimate," "project," "intend," and similar expressions are intended to identify forward-looking statements within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934 regarding events, conditions, and financial trends that may affect the Company's future plans of operations, business strategy, operating results, and financial position. Persons reviewing this report are cautioned that any forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties and that actual results may differ materially from those included within the forward-looking statements as a result of various factors. Such factors are discussed under the "Item 2. Management's Discussion and Analysis of Financial Condition or Plan of Operations," and also include general economic factors and conditions that may directly or indirectly impact the Company's financial condition or results of operations.
BUSINESS DESCRIPTION
GENERAL
The Company originally incorporated in the State of Nevada on December 9, 1998, under the name Var-Jazz Entertainment, Inc. Var-Jazz was organized to engage in the business of music production and sales. Var-Jazz did not succeed in the music business and the board of directors determined it was in the best interest of the Company to seek additional business opportunities. On March 8, 2001, Var-Jazz entered into an Agreement and Plan of Reorganization with Cal-Bay Controls, Inc. whereby Var-Jazz changed its name to Cal-Bay International, Inc., and acquired Cal-Bay Controls, Inc. as a wholly owned subsidiary in exchange for 17,112,000 shares of common stock.
Cal-Bay Controls, Inc. originally formed in 1976 as a sole proprietorship that was acquired by Robert J. Thompson in 1990. On February 22, 2001, Cal-Bay Controls incorporated in the State of Nevada and was subsequently acquired by Var-Jazz on March 8, 2001.
On March 7, 2002, Cal-Bay International's Form 10-SB registration statement went effective and in June of 2002, Cal-Bay International, Inc. moved from the Pink Sheets to the Over the Counter Bulletin Board where the Company currently trades under the symbol CBYI.
On January 5, 2005, Cal-Bay International,Inc. completed the acquisition of TLCO Software, Inc. TLCO Software is a Nevada corporation that designs proprietary software programs for commercial use in the internet web-hosting industry. One-hundred percent (100%) of the outstanding shares of TLCO Softwares common stock were acquired from the former owner, Mr. Roger Pawson of San Diego, California for consideration of Fifteen million (15,000,000) shares of Cal-Bay International (CBYI) common stock. TLCO Software, Inc. now operates as a wholly-owned subsidiary of Cal-Bay International, Inc.
On January 6, 2005, Cal-Bay International, Inc. also completed the sale of its subsidiary companies, Cal-Bay Controls, Inc., Cal-Bay Analytical, Inc., and WetChem, Inc. to Atlantis Holding Corp. Both Cal-Bay Controls and Cal-Bay Analytical are Nevada corporations that operate as sales representative and distribution companies in the Western US for environmental, process-control, safety and laboratory instrumentation and related products and services.
Cal-Bay Controls, Cal-Bay Analytical and WetChem will operate in the future as wholly-owned subsidiaries of Atlantis Holding Corp. Atlantis Holding Corp is a Pink Sheet company, incorporated in the State of Nevada.
On January 7, 2005, Cal-Bay International, Inc. announced the resignations of Robert J. Thompson and Charles A. Prebay from its board of directors and as officers of the company and announced the appointment of Roger Pawson to its Board of Directors, where he will serve as Chairman of the Board. Mr. Pawson was also appointed to the positions of President and CEO, Secretary and Treasurer of Cal-Bay International, Inc.
OUR BUSINESS
Cal-Bay International has acquired three real estate properties and is in escrow for the acquisition of four other properties. The Company will continue to expand its current properties where feasible and will continue to acquire additional properties as well. In addition where necessary the Company will manage its properties.
The Company is dependent upon raising additional funds both for expansion plans and for its operations.
In addition the Company is negotiating for distribution of its TLCO software products. The Company is also looking to the feasibility of selling TLCO.
THREE MONTH PERIODS ENDED March 31, 2006 AND 2005
Cal Bay generated $5,172 in revenues for the three months ended March 31, 2006 compared to $0 in revenues for the same period in 2005. Operating expenses for the three months ended March 31, 2006 were $790,861 compared to $347,963 for the same period in 2005. Total net loss for the three months ended March 31, 2006 was $1,647,354 compared to $347,963. The significant increase in net loss was due to the Company's real estate acquisitions.
LIQUIDITY AND CAPITAL RESOURCES
As of March 31, 2006, Cal-Bay had total assets of $11,975,743. Those assets are comprised primarily of the real estate the company acquired. $225,000 of the assets are comprised of the proprietary software TLCO and cash in hand of $31,499.
Current liabilities totaled $2,472,991 and include $1,602,000 in Trust deeds and $870,991 in loans.
The company believes that in order to maintain its current real estate holdings and to close escrow on the properties currently in escrow, the Company must raise additional capital. The Company has no current plan in place to raise additional capital. The Company may sell additional stock, arrange debt financing or seek other avenues of raising capital.
Posts: 217 | From: UF | Registered: Apr 2006
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posted
Total assets have increased dramatically in a year and so have operating costs and such. Still operating at a net loss. Page F-4 - Not sure how this is going to affect it as a play. Still looks strong technically.
Posts: 1504 | Registered: Sep 2004
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-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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posted
I still feel great about this one. I believe it is undervalued. I think the reason it is going down a little this morning is because (1) it had a good sized run Friday and (2) people don't understand the financials that were released.
Hopefully the cloud lifts and we go green.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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posted
It will definetely have another breakout sometime this week. Maybe today. Also more good news and possible buyout is expected
Posts: 383 | Registered: Apr 2006
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