We are looking at 2.4 Mil profit off the sale of the Aspen property. Makes sense to sell to me.
Especially to have cash on hand when you know you are going into a very large operation such as the Lafayette deal.
And given the 40 Mil in equity that was reported in the last quarterly I don't think chapter 11 is coming anytime soon.
By the way, O/S was confirmed unchanged at 216 Mil this afternoon. No dilution today, just selling.
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
"By the way, O/S was confirmed unchanged at 216 Mil this afternoon. No dilution today, just selling."
"The aggregate number of shares issued and outstanding of the issuer's common stock as of September 30, 2006 was: 41,235,548 shares at $0.001 par value."
Thats a lot of wood to chop In 3 1/2 months. Check it after tomorrow, they might dilute into today's PR ?
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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Good to see you bud. Want to take a wild ride? LOL
Nah, I wouldn't suggest this stock to friends at the moment unless they really like taking risks.
The company has some very good things in the works and I am holding strong because of that for a while.
The 216 OS has 43 mil shares restricted and also...according to CalBay IR...40% of the OS shares are being held as collateral against loans. If we include the 43 mil restricted shares into that 40% that still brings us down around 129 Mill O/S. Diluted without a doubt, but perhaps not so bad as it seems.
Hopefully the incoming cash of 5 Mil from the Aspen Estates sale and the possible 14 Mil from the sale of the Stonewall Estates will change that quickly.
Also revenues are supposedly going to look much more attractive in the next quarterly thanks to increased rental revenues and revenues from the Imperial Beach motel which has an 8 month contract with HBO.
As I said earlier, the proof will be in the pudding but I think this is a momentary low not a deep set trend.
TA looks ugly right now though, I'll admit that.
Check in again in a week or two.
BF
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
Cal-Bay International Founder Members and Directors Announce Cancellation of 1.5M Shares of Preferred ``A'' Control Shares Business Wire - January 24, 2007 09:01
CARLSBAD, Calif., Jan 24, 2007 (BUSINESS WIRE) -- Cal-Bay International's (OTCBB:CBAY) Board of Directors today announced the company's principals and founders have agreed to cancel 1.5M shares of Preferred "A" founder shares. The shares are purely control stock and not intended to be converted and traded. The shares have voting and conversion rights of 50-1 over the company's common stock and are designed to prevent attempts of a hostile takeover of the company's assets.
Cal-Bay's management commented that in light of the obvious short position of the common tradable shares of the company, the founder members felt it appropriate to reduce the holdings of Preferred "A" shares, when the common stock shareholders were being victimized by the dramatic devaluation of the common tradable shares, as a result of significant short selling on a daily basis.
The cancellation will be effective immediately and represents over 7% of the outstanding Preferred "A" control shares of the company.
FORWARD-LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties.
The Company assumes no obligation to update any of the forward-looking statements in this release.
SOURCE: Cal-Bay International, Inc.
Cal-Bay International, Inc. Tim Garlin, 760-930-0100 Fax: 760-930-0200 E-mail: IR*calbayinternational.com Website: www.calbayinternational.com
Copyright Business
Posts: 360 | From: black hawk , colorado | Registered: Dec 2005
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posted
There's ARCA, must of been to teid up with AAGH yesterday....CBAY is next when their ready.IMO
Posts: 360 | From: black hawk , colorado | Registered: Dec 2005
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IMO there are good things on the horizon here. Some like paulbest think there is a scam brewing though. Watch it and see what you think.
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
luckily i never marry a stock, i'm in and out like a one night stand.. Keeping an eye on this one for today though..
Posts: 330 | Registered: Feb 2005
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I'm just now taking a look at this one given the current PPS. What is the current standing on the $400 million deal?
Posts: 4381 | From: houston | Registered: Mar 2006
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Sounds like there have been some delays due to the bad blood of the previous owners/developers but we should be getting an update any day now from what I understand.
They have PR'd that financing was obtained. The lender name was not disclosed but emails to IR at CBAY have confirmed Cornell is not involved as some detractors had speculated.
In other words...waiting on news.
BF
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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Looks like we are going into undersold territory before we climb.
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
Cal-Bay Seeks Article Retraction from Louisiana Publication ``The Independent Weekly'' Business Wire - January 25, 2007 14:07
CARLSBAD, Calif., Jan 25, 2007 (BUSINESS WIRE) -- Cal-Bay International, Inc. (OTCBB:CBAY) President and CEO Roger Pawson announced the company has today given notice to Louisiana publication "The Independent Weekly" (www.theind.com) for an incorrect statement regarding a purchase contract for the "Couret Place" development property.
Pawson stated, "The article is completely misquoted in regards to statements that represent no such contract or communication existed. Cal-Bay has received the revised contract from the seller's attorneys, via fax and FedEx which originated on Monday, Jan. 22. The negotiations between Cal-Bay and the seller's attorneys have at no time been without communication. Cal-Bay fully intends to complete the acquisition within the time frames specified in and under the terms of the contract."
Cal-Bay has given "The Independent Weekly" until 3:00 p.m. PST Jan. 25, 2007 to confirm their intent to rectify the misstatement by way of a published retraction.
FORWARD-LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties.
The Company assumes no obligation to update any of the forward-looking statements in this release.
SOURCE: Cal-Bay International, Inc.
Cal-Bay International, Inc. Tim Garlin, (760) 930-0100 Fax: (760) 930-0200 IR*calbayinternational.com www.calbayinternational.com
Copyright Business Wire 2007
Posts: 360 | From: black hawk , colorado | Registered: Dec 2005
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posted
I think the PR shows that Pawson had and still has every intention of committing to the deal and in fact he has the contract in his hand as we speak.
Posts: 201 | From: GA | Registered: Dec 2006
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-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
Hope you got a chance to get back in during the dip to the high 2's pb. I think that's the lowest we are gonna see of this particular stock ever again.
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
"get back in at the high 2's". nope, not even .002 would I jump in. Its free falling as i predicted last week. So I guess my "bad luck" caused all this tumble. as some say. I guess i should change my login name to ..."The Basher" anyone has problems with my new login code? gee I've learned to avoid the POS's, but now I have to figure out how to find "the winners" man i missed em all the past 3 weeks!!! ARRGHHHHH
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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posted
LOL Can't have a winner every week pb. Go have a beer and get ready to pull out the research again.
If you want I've got a hot tip for you... a stock that is trading near 52wk lows, is undervalued, under bought, and under appreciated. Buy the particular company I'm speaking of and you will get in on the ground floor!!!
LOL Good luck in your next pick pb. I'll let you know when I sell here and we can compare.
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
Bigfoot, the mods have my PM shut down. Can only talk on the boards. what ys got, I'll look it over. I have one that i'm waiting for a dip. Will let you know about it next week pb
btw I hope you took my advice last week and started a sell off. This pig is going down, there's nothing pawson can do.
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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posted
Got back in this morning, with 50K shares. Have not played this in about seven months. Hope this is the bottom! GLTA
Posts: 217 | From: Tuscaloosa, Alabama | Registered: Jun 2006
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My hot tip is a very accurate description of CBAY.
Take a look at it if you like.
WElcome CCO!
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
Cal-Bay Announces Sponsorship Agreement for Company's MB3 Raceteam Daytona ARCA 200 Event Business Wire - January 26, 2007 12:57
CARLSBAD, Calif., Jan 26, 2007 (BUSINESS WIRE) -- Cal-Bay International, Inc. (OTCBB:CBAY) announces the company has completed the sponsorship agreements for the MB3 racing division for the Daytona ARCA 200 Event, Saturday Feb. 10, 2007.
Cal-Bay's management today confirmed the sponsorship for the event will completely cover all of the related costs associated with the event.
The MB3 Motor Sports Dodge #14 ARCA racecar will be driven by Michael Faulk and will be televised live nationwide on the Speed Channel.
Cal-Bay's MB3 Motor Sports division is located in Mooresville, North Carolina.
FORWARD LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties.
The Company assumes no obligation to update any of the forward-looking statements in this release.
SOURCE: Cal-Bay International, Inc.
Cal-Bay International, Inc. Tim Garlin, (760) 930-0100 Fax: (760) 930-0200 IR*calbayinternational.com www.calbayinternational.com
Copyright Business Wire 2007
Posts: 360 | From: black hawk , colorado | Registered: Dec 2005
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posted
looks like folks are buying into that scam AMEP. I'll be in on The Dip. Its bound to come. AMEP will be a great play for 07. Has tons of fluff to put out this yr. Look at the web site. btw i know something of the co's the officers were involved during the past. All scams, every one.
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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quote:Originally posted by paulbest: looks like folks are buying into that scam AMEP. I'll be in on The Dip. Its bound to come. AMEP will be a great play for 07. Has tons of fluff to put out this yr. Look at the web site. btw i know something of the co's the officers were involved during the past. All scams, every one.
Is there any stock you don't think is a scam?
Posts: 201 | From: GA | Registered: Dec 2006
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