Cal-Bay International Inc (CBYI): Lifegear, with CBAY & the Forward Split....

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stervc

Re: lifegear post# 17700

Tuesday, 09/18/2007 6:28:26 AM

Tuesday, September 18, 2007 6:28:26 AM

Lifegear, with CBAY & the Forward Split...

I am still liking CBAY for the risk versus rewards, but this is definitely very risky as I am not sure if the OS is 370 million shares as what was logically derived, 4 billion shares, or 41,235,548 shares as indicated on pinksheets.com.

I am going to try to get back in contact with the POC in the post below to confirm how exactly does he know that the "issued and outstanding" is 4 billion shares. He seemed very sure in our discussion.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22823787

He also said that he was not aware of all that was going on with the securities. It just seems very unusual that the new CEO would file a Form 4 with the SEC officially stating that his 37 million shares makes him a 10% owner of CBAY shares.

Also, it's strange too that pinksheets.com profile reflects an OS, AS, and a Float of 41,235,548 shares as of 13 Sep 07.
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=cbaynd

Also, check out the 1,000 to 1 forward split 8-K that was released with a 17 Sep 07 for the date of the report:
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5430925

This now would make the OS to be either...

41,235,548 x 1,000 = 41,235,548,000 Shares

or

370,000,000 x 1,000 = 370,000,000,000 Shares

or

4,000,000,000 x 1,000 = 4,000,000,000,000 Shares

Hmmmm??? This means that as a best case scenario, we will have an OS of 41+ billion shares. It’s still some more deciphering that must be done to fully get a grasp on what the company is trying to do.

v/r
Sterling

Sterling's Trading & Investing Strategies:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29867262