CAL-BAY jetzt gehts los
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Eröffnet am: | 03.05.06 17:05 | von: DSM2005 | Anzahl Beiträge: | 259 |
Neuester Beitrag: | 23.02.07 11:36 | von: supergianni | Leser gesamt: | 24.672 |
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es gibt Top-News............!!!!!!!!!
Grüßle der Sack Mehl.........
Ps.: Ihr habt 5min Zeit zum einsteigen........0,037 Euro
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Ehrgeiz ist die letzte Zuflucht des Versagers!!!!!
Cal-Bay International Announces Funding Approval for $400M Southern Louisiana Residential/Commercial Golf Course Development Project
Thursday January 18, 8:31 am ET
CARLSBAD, Calif.--(BUSINESS WIRE)--Cal-Bay International, Inc. (OTCBB:CBAY - News) announces funding approval for acquisition & development of Lafayette, Southern Louisiana golf course development property.
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Cal-Bay Internationals Board of Directors today announced the company has successfully acquired funding approval from a recognized financial institution and has completed the final due diligence phase of the company's planned acquisition of the Lafayette, Southern Louisiana golf course development property that has been in transition since the last quarter of 2006.
The 177 acre, mixed use residential and commercial golf course development is mapped to include the construction of 500-1000 single family residences simultaneously with a 10 acre commercial/retail facility development. The project has been approved for development, and the initial phases of residential construction were initiated in 2006.
Construction financing has been secured by Cal-Bay for the project by a recognized financial institution and the project is expected to restart as soon as the acquisition has been formally closed by Cal-Bay.
Company VP Bill Sickert quoted: "This project represents Cal-Bay's largest single development acquisition to date and we are very excited to begin construction shortly after closing. We fully expect that this will create a substantial new asset base for the company, investors and shareholders. As we work to enhance company valuation through beneficial acquisitions such as this. The addition of this project to our portfolio of residential and commercial properties will add substantially to the underlying book value of the company. This is an important step in the structuring of Cal-Bay to place it into a position to be able to grow its portfolio of assets into the future. Our shareholders can look forward to more announcements in the coming months regarding our commitment to increasing shareholder value as a result of our continued efforts. This project is expected to generate $400M in revenue over the next 3 years and is expected to add $100+M to Cal-Bay's bottom line upon completion."
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.
Contact:
Cal-Bay International, Inc.
Tim Garlin, 760-930-0100
Fax: 760-930-0200
IR@calbayinternational.com
www.calbayinternational.com
Source: Cal-Bay International, Inc.
Aber ich denke, wir werden heute noch ein deutlicheres Plus sehen.
Lg
Oder liege ich mit meiner Zahl falsch?
grüße
gianni
Da muss noch viel mehr kommen. Mein Tip heute. Volumen 12 Mio... SK > 0,10 $
Lg
Die Umsätze sind aber gewaltig in den USA!
Shares: 41.24 m
grüße
gianni
das Projekt war ja schon erwartet worden und wohl mit eingepreist..........schnief.......
ich hab das Geld abgschrieben und denke nicht über einen Verkauf nach.........komme was da wolle
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Ehrgeiz ist die letzte Zuflucht des Versagers!!!!!
CARLSBAD, Calif., Jan 22, 2007 (BUSINESS WIRE) --
Cal-Bay International (OTCBB:CBAY) is making the following disclosures in order to clarify and update shareholders as to the current status of the company\'s common stock capitalization and asset base.
As of this date there are approximately 216 million shares of common stock issued and outstanding held by approximately 2500 shareholders. Of this total approximately 40% are currently being used for collateral for a series of loans that are being used primarily for real estate acquisition purposes. As such these shares are not in the float and are intended to be retired once the loans have been repaid.
The recently announced increase in the authorized share structure is intended to provide the company with flexibility in its pursuit of additional real estate acquisitions. It has not been undertaken with the intention of adding unnecessary dilution to the company\'s capitalization, but instead provides Cal-Bay with viable means to enter into accretive acquisitions with a currency that may not necessarily be dilutive in the long run, as the shares become retired upon their release from collateralization. Management has determined that this is the best way for it to be able to attract financing for the purpose of enhancing shareholder valuation through acquisition, as it works toward the longer-term goal of building a valuable Portfolio of residential and commercial real estate assets in growing markets.
Cal-Bay International currently owns approximately $100M in real estate assets, with a retained equity (book) value of approximately $40M. An additional $60M in acquisitions are currently pending in escrow or in contract, in addition to the recently announced Louisiana property. As acquisitions continue to close, the book value of the company should continue to increase significantly, as the company\'s past two years track record has disclosed, thereby adding additional shareholder value to 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 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, Public Relations, 760-930-0100 Fax: 760-930-0200 IR@calbayinternational.com www.calbayinternational.com
Copyright Business Wire 2007
jetzt muss ich erstmal ruhig bleiben! so viel "value" können die garnet "adden", dass ich hier mal wieder in den grünen bereich komme!
ungehalten,
gianni
Tuesday January 23, 12:23 pm ET
CARLSBAD, Calif.--(BUSINESS WIRE)--Cal-Bay International (OTCBB:CBAY - News) announces that it is negotiations for the sale of its Aspen Cove Resort properties, on Panguich Lake, Utah. The Aspen Cove properties consist of an operational lakefront lodge and a 33-acre hilltop parcel that has been mapped for 21 luxury vacation homes.
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The offer for purchase is approximately $5M, and the transaction is contemplated to close upon satisfactory final due diligence by the buyer.
At the request of the tentative buyer, the terms of the negotiations are to remain confidential until the close.
Cal-Bay originally purchased the Aspen Cove properties in early 2005, for a price of $2.6 million.tteil:
grüße
gianni