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so what so do "I" is your appraiser as good as mine??????
makes no sense if so. Please give me a good explanation because nothing is making sense here for me regarding volume PPS and everything else . The only canceled the Lenox deal not the FS please show me the filing for the canceling of the forward split.
is that after the FS? 1000-1 you kidding? the pps would have never bow this low in a million years for this OS or float number. Dillusion is the key here
They only issued a statement on the Lenox deal and this was never mentioned
On September 17, 2007, CAL-BAY International, INC. (the "Company" ) issued a press release announcing that its Board of Directors had unanimously approved a 1,000-for-1 forward split of its common stock. The anticipated result of the Forward Stock Split will be to increase marketability for the company's shares. A copy of the press release issued by the Company is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
AMENDMENT TO THE COMPANY'S
CERTIFICATE OF INCORPORATION
TO INCREASE THE NUMBER OF AUTHORIZED SHARES
OF THE COMPANY AND
TO EFFECT A 1,000-FOR-1 FORWARD SPLIT
OF THE OUTSTANDING COMMON STOCK
The Board has approved the Amendment to increase the number of
authorized shares of Common Stock of the Company and to effect a one thousand-for-one
forward split ("Forward Split") of the issued and outstanding shares of Common
Stock, par value $.0001 per share ("Existing Common"). A copy of the Certificate
of Amendment effecting the increase in shares and Forward Split, in
substantially the form to be filed with the Department of State of Nevada, is
provided below. The majority stockholders of the Company as of September 17, 2007,
the date of this Information Statement, have consented to the increase in
authorized shares and Forward Split and to the Amendment, which is expected to
become effective as of September 20, 2007 (the "Effective Date"). Pursuant to the
Forward Split, each one share of Existing Common issued and outstanding
immediately prior to the Effective Date will be reclassified as, and exchanged
for, one thousand shares of newly issued Common Stock, par value $.0001 ("New Common")
he got 1000-1 on shares owned up to Sept 20 when FS went into effect. My figures show 60 million purchase on Sept 19 and 197 million owned.
here is the funny chain of events, Lenox deal ,CEO buys shares before FS 1000-1 announced ,Lenox deal gets thrown out. CEO makes gets 1000 per share purchased of 60 million shares on sept 19 and 197 million shares owned. Can anyone explain this to me?
I lost hope asking all those questions here.
the split takes the OS in the billions mark as well as the float so the issue is important when it comes to value to pps credibility.
I thought the Lenox deal was the only thing that was terminated ,I will call and see what they say about the FS filing because its there in the 8k. The Lenox deal would have terminated all CBAY shares.
On September 17, 2007, CAL-BAY International, INC. (the "Company" ) issued a press release announcing that its Board of Directors had unanimously approved a 1,000-for-1 forward split of its common stock. The anticipated result of the Forward Stock Split will be to increase marketability for the company's shares. A copy of the press release issued by the Company is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
AMENDMENT TO THE COMPANY'S
CERTIFICATE OF INCORPORATION
TO INCREASE THE NUMBER OF AUTHORIZED SHARES
OF THE COMPANY AND
TO EFFECT A 1,000-FOR-1 FORWARD SPLIT
OF THE OUTSTANDING COMMON STOCK
The Board has approved the Amendment to increase the number of
authorized shares of Common Stock of the Company and to effect a one thousand-for-one
forward split ("Forward Split") of the issued and outstanding shares of Common
Stock, par value $.0001 per share ("Existing Common"). A copy of the Certificate
of Amendment effecting the increase in shares and Forward Split, in
substantially the form to be filed with the Department of State of Nevada, is
provided below. The majority stockholders of the Company as of September 17, 2007,
the date of this Information Statement, have consented to the increase in
authorized shares and Forward Split and to the Amendment, which is expected to
become effective as of September 20, 2007 (the "Effective Date"). Pursuant to the
Forward Split, each one share of Existing Common issued and outstanding
immediately prior to the Effective Date will be reclassified as, and exchanged
for, one thousand shares of newly issued Common Stock, par value $.0001 ("New Common")
is this legal?
someone made a killing move through the FS WOW, was anyone able to buy in prior to Sept 20??? because the Lenox deal now looks like it may have been a pawn . WOW
ok here we go the FS was on Sept 20 ,the CEO prior to FS had 1.2 billion shares and now holds over a trillion??
On September 17, 2007, CAL-BAY International, INC. (the "Company" ) issued a press release announcing that its Board of Directors had unanimously approved a 1,000-for-1 forward split of its common stock. The anticipated result of the Forward Stock Split will be to increase marketability for the company's shares. A copy of the press release issued by the Company is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
AMENDMENT TO THE COMPANY'S
CERTIFICATE OF INCORPORATION
TO INCREASE THE NUMBER OF AUTHORIZED SHARES
OF THE COMPANY AND
TO EFFECT A 1,000-FOR-1 FORWARD SPLIT
OF THE OUTSTANDING COMMON STOCK
The Board has approved the Amendment to increase the number of
authorized shares of Common Stock of the Company and to effect a one thousand-for-one
forward split ("Forward Split") of the issued and outstanding shares of Common
Stock, par value $.0001 per share ("Existing Common"). A copy of the Certificate
of Amendment effecting the increase in shares and Forward Split, in
substantially the form to be filed with the Department of State of Nevada, is
provided below. The majority stockholders of the Company as of September 17, 2007,
the date of this Information Statement, have consented to the increase in
authorized shares and Forward Split and to the Amendment, which is expected to
become effective as of September 20, 2007 (the "Effective Date"). Pursuant to the
Forward Split, each one share of Existing Common issued and outstanding
immediately prior to the Effective Date will be reclassified as, and exchanged
for, one thousand shares of newly issued Common Stock, par value $.0001 ("New Common")
the float is what trades not OS ,just for clearity on my last message. The CEO purchased on open market?? thats my issue on file 4 it looks like a direct purchase so I assume it was a purchase on a open market. The float has to be in question here .
I guess its worth a look at this company but questions remain as to the real number of shares outstanding now. Sorry its been a while since I DD pinks but the CEO buying billion shares he must know whats going on . The company needs to release some kind of a PR in regards to this ,since it makes no sense.
diluting is not a problem if one knows nothing, the hype is where the $$$ at . Be very careful on time
Ronnies
this company needs ti file exact #'s the CEO can be dumping shares at the same time I'm buying so I reather wait and see what going on. They almost sold and killed investors here and I can only imagine whats next. Delta did the same thing
yes I know , but how can you buy the float and the OS ???? so one can purchase unlimited shares ? where are they coming from ? naked shortS? could be but this is amazing truly . Its been a while since I looked into subs like these since I only stick with NAZ and their garbage. There is allot more % where your at and I like it more and more. Dont mind my questions as I have to ask before I make a move.
your message makes no sense , buying 4 billion to bring back the OS ,than the credibility of the float registered becomes a fraud number. Turnover the float is one thing but such imbalance can only make a investor shake with worries.
I think the deal with Lenox may have contributed to many parts of this pps drop. As for certain I dont know since no filings have been issued on anything regarding with the OS or float in this matter.
Termination of a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement
Thursday September 18, 2007 Cal-Bay International, INC. (the "Company") and Lenox Corp, LTD. have mutually terminated the Asset Sale Agreement which was made public September 14, 2007 via press release and SEC Form 8-K.
The shares of CAL-BAY International, INC. will not expire on October 1st, 2007 as previously stated. The company will continue its operations as usual without any changes to current management or ownership of the company. The reason this deal was terminated because the company did not consider the payment sufficient for the company's assets being purchased.
so re your trying to say he bought naked short share? it still makes no sense on the real number of OS here ,if this is the case than the shorts would have covered by now or? this is nuts
the CEO owns the float??? with $120K?
there must be short volume spur here , I cant get the idea that a stock with suppose to be low float has allowable transactions like these...
t 0.0003 86200 OTO 16:12:47
t 0.0003 7000000 OTO 16:12:47
t 0.0003 2350000 OTO 16:12:47
0.0003 666 OTO 16:00:05
0.0003 100000 OTO 16:00:04
0.0002 1250000 OTO 15:57:33
0.0002 2500000 OTO 15:57:32
0.0002 185306 OTO 15:57:32
0.0002 1000000 OTO 15:57:28
0.0002 2250000 OTO 15:57:28
0.0002 2514694 OTO 15:57:28
0.0002 300000 OTO 15:57:28
0.0002 314694 OTO 15:57:07
0.0002 685306 OTO 15:57:03
0.0002 2958284 OTO 15:56:48
0.0002 1700000 OTO 15:56:12
0.0002 3300000 OTO 15:56:11
0.0002 5000000 OTO 15:55:55
0.0002 4010000 OTO 15:55:40
0.0002 1000000 OTO 15:52:37
0.0002 120000 OTO 15:44:13
0.0003 100000 OTO 15:36:24
0.0002 700000 OTO 15:34:20
0.0003 75000 OTO 15:28:16
0.0003 4900 OTO 15:08:23
0.0003 4900 OTO 15:08:12
0.0003 1000000 OTO 15:06:59
0.0003 7000000 OTO 15:00:31
0.0003 9000000 OTO 15:00:31
0.0003 1000 OTO 14:51:01
fed rate decrease most likely helped. I'm weary because of how they treated the shareholder here with the Lenox deal. Very ifeeee now
Thank you,I was just starting the DD here so I'm not up to date yet? still on it
looks like they have assets in the 35 million so I assume the Current liabilities of $8,532,239.00 must be properties in escrow.
The current OS and float is?? undisclosed yet ? or is 45 million still the number? questions one may have here
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.
Current liabilities totaled $8,532,239.00 from 3-Jan-2007
I'm looking at figures of liabilities and I wonder if those are properties in default/sitting because of the housing slump or is this plain Burn amount? or both?
ok ,makes sense now ,what a ride you guys must have went through here WOW
Termination of a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement
Thursday September 18, 2007 Cal-Bay International, INC. (the "Company") and Lenox Corp, LTD. have mutually terminated the Asset Sale Agreement which was made public September 14, 2007 via press release and SEC Form 8-K.
The shares of CAL-BAY International, INC. will not expire on October 1st, 2007 as previously stated. The company will continue its operations as usual without any changes to current management or ownership of the company. The reason this deal was terminated because the company did not consider the payment sufficient for the company's assets being purchased.
The company will retain its name, trademarks, all assets subject to the terminated purchase agreement.
if Lenox issues new stock what happens to shareholders here?
sorry trying to do some DD after noticing the CEO insider purchases. Can someone shine some light on this situation? thanks
14-Sep-2007
Completion of Acquisition or Disposition of Assets
Item 2.01 Completion of Acquisition or Disposition of Assets
On Thursday September 11, 2007 Cal-Bay International, INC. has been acquired by Lenox Corp LTD, a Georgia Corporation specializing in Real Estate Development, Management, Marketing, and Investment. This deal was authorized by Syed Hasan Rizvi President, CEO, Director, and 89.7% majority shareholder in Cal-Bay International, INC.
Cal-Bay International, INC's asset's were sold to Lenox Corp LTD along with all names, trademarks, phone numbers, logos, and trade names in consideration for "Ten Dollars" ($10). Thus this completion of the asset sale allows Lenox Corp LTD, to file for name change and issuance new stock. The current existing shares of Cal-Bay International, INC are to expire Monday October 1st, 2007. This hereby transfers all tangible and intangible asset's of Cal-Bay International, INC as indicated in the Acquisition Agreement excluding liabilities owed by Cal-Bay International, INC.
Lenox Corp LTD, is in the process of applying for a new CUSIP Identification number for its 100,000,000 Authorized Shares and will seek to obtain a new SEC CIK Number and new NASDAQ Ticker Symbol "LNOX" by October 1st, 2007.
XKEM is going pink why are you guys still pumping that toilet paper?
I like the anticipation right now ,either a deal is in the works or not. Hard to figure this situation out because after all they have approvals through out the world. The question is what will the do next? share price has been beaten down so I hope they can do something right for a change.
looks like a buy in these levels? ,only watching to pull the trigger. This company is trying to hook the FDA ,hired morgan boys and approved in other countries will they look for a partner? or just sell rights? ,buy out candidate?anything for this company can mean positive. Its oversold now
than @ .005 .001 .0005 ....you know the rest
good luck here
buying a cat in a bag ? where is the proof? the dillution alone will kill this without panic. Thats the problem
.005 next week or sooner this is falling like a rock ,dillution kills us all sorry to say
how is XKEM doing? looks scary to even watch the fall 100% since I called it for it to still be over .01 where is .005 sooner than later now OUCH sorry for your loss . There are others that do go UP so good luck.
I cant believe this stock is still over .01 too funny
watch this head north soon
why is everyone selling ???????????
I like this stock and I may buy some when it hits my buy point future looks good.