Replies to post #116250 on Cal-Bay International Inc (CBYI)

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So you dont think penny stocks cant go big or be successful? Most penny stocks are legit companies. What makes CBYI s fraud? Heres a penny that went to 66 $

Concur Technologies (NASDAQ: CNQR) This is a stock with a colorful history. Based in Redmond, Washington, Concur is a global provider of on-demand Employee Spend Management solutions. The company's software allows its customers to integrate, track, and analyze travel and expense data across the enterprise.

Over 18 million people in 100 countries and 60 percent of the Fortune 500 are using Concur's travel and expense data management solution. The company's business, however, was not always so successful.

Although shares soared as high as $48.50 during the height of the tech bubble in 1999, they subsequently crashed along with the Nasdaq. On March 30, 2001, CNQR traded as low as $0.31 on the Nasdaq Stock Market. Today, those same shares are worth around $66.00, notching a gain of roughly 21,190% from the all-time lows.