Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
yes, we should have a website by next week, friday the latest
The new PR...
Well I'm just glad they gave us an exact time line for the date of the website. Once that is up and running I think we are going to see a greater cumulative Inflow for the stock as investors will be confident the company is going forward with a new revenue model.
I can always wait 10 days....hell I've been waiting over a year..
they did, it now says Cal-Bay International as the owner of the 1.9 billion shares.
I emailed them earlier today pertaining to the issue. Waiting for a reply, I'll let you know what they say.
Website this week? Any thoughts?
Good DD.
"Cal-Bay presently has approximately Eight Billion shares of common stock Issued & Outstanding and company management believes due to the significant number of shares recently traded there may be a large short position in the company’s stock.”
hmmm seems like we should be seeing some Form 4's coming soon, stock buy backs, reduction of the float.
so I'm going to Maui tomorrow on vacation and I know all I'm going to think about is CBAY CBAY CBAY while sipping my drink by the pool. I'm not sure if that's relaxing.....damnit
I think this is what your looking for;
I did talk to my friend a week ago and I have some good news/bad news about the Cal-Bay International situation.
I’m not sure if anyone here is a tax expert but corporate taxpayers with total assets of $10 million or more are required to report much greater detail relative to differences between income (loss) reported for financial purposes and come (loss) reported for tax purposes. I was told that this expanded reconciliation of book and tax income (loss) is reported on Schedule M -3.
Schedule M-3 is a response to recent financial reporting scandals such as Enron and So forth. It helps create greater transparency between corporate financial statements and tax practices by requiring that transactions that create book and tax differences be disclosed on corporate tax returns.
Because Cbay ceased issuing 10-k with the SEC, the adjusted net income (Loss in Cbay situation) amount must be reconciled with the amount of taxable income reported on the Corporations Form 1120.
So in plain English, Cbay is still incurring losses which are depicted through the reconciliation of Net Income, However . . . the good news is that the Schedule M-3 was filed so therefore we now know Cal-Bay International still has total assets of $10 million or more standing on the balance sheet.
I know many will have questions and I really don’t have time to answer everyone’s questions due to my travels. I’m just trying to help those stakeholders (not just shareholders) out with the lack of information about the CBAY situation. I’ll try and come back on Wednesday and answer some questions.
WIZ-
I hope your right :) most of us have been right sense the dull days of ZERO volume, we all predicted this, i think we are heading in the right direction. remember....patience is a virtue.
website should be up within a week, then this thing will soar to high heaven.
the same issue happen with me on ABPH, stock went from .002 (which I tried to but 2K into) and soared to .08. I had never been so
Maybe be this is positive? who knows with cbay...
The only way this stock is going to move in the upward direction is if we get some information on the share structure (stock holders equity), assets, or liabilities. If we can get two out of the three we can mathematically solve for the third variable in the equation. We need facts here, not a story.
considering the recent volume with over 2.5 billion traded in the open market wouldn't you think this thing would have at least received its BID back? hmmm his logic doesn't make sense to me.
lets hope we get a nice website this week
it's been 1 year, it hasn't told us much
SEC FORM 10.....
Seems like new management is trying to clean up the reputation of a once tarnished company.
If they file with the SEC they must be Legitimate....a little ironic that this came out today from our past conversations.
Look for large volume tomorrow. I'm estimating over 1 billion.
Also, if "The ultimate goal is to have the company trading back on the Bulletin Board Exchange by early 2009." then they must retire/buy back shares to have a more reasonable share structure. We might be seeing some light.....NEXT website, share structure, assets, liabilities, and a new revenue stream.
A "lotto" play can be any stock at any price. Statistically speaking, a stock has a 50% chance of trading up or down every trading day. However, I find Cbay to be more along the lines of 10%. Scam? Most likely. Why did you buy it and why are you still on these boards talking about the potential of some neW "interesting twist"? Did you believe the story before...currently? Or do some of you look at it from the perspective of trying to balance risk and reward.....if so....
What Sharpe Ratio do use for each investment strategy and what is your required rate of return? How does it play into your total investment strategy? It sounds like your better off going to Vegas and putting your $1,000 on black instead of putting it into a Pinky Sheet stock, you all believed, some still do, and some will....
"So, does any of this mean CBAY is legitimate? Heck no, but who here actually cares if they are legitimate or not????"
If you want the PPS to increase you better care that this is a legitimate business. A legitimate company will try to develop shareholder value through dividends and share appreciation. Also trying to make money off of your investment is going to be easier as the stock develops more liquidity. If this is NOT legitimate then don't expect any of those opportunities to happen.
So should you care if this is a legitimate business?
YES!
seems like someone deleted my post, you mind posting what I said.
Has anyone received an email back regarding share structure or Assets/Liabilities?
Also current debt, long term liabilities, short term assets and long term. Any AR,AP, ect.
I completely agree. Numbers don't lie. They are the most important piece to this puzzle.
We need a WEBSITE ASAP EOM
23 million in volume already, it's the first 10 min of trading!
Technical Chart readings are beginning to show reversal PPI, especially. Volume is staying consistent around the 100 million mark and over 2 Billion in share accumulation within the past week. Signs are starting to point toward the positive direction. If we have the website within 2 weeks I think this stock is going to be in good shape along with a consistent Bid/Ask.
Bests,
Wiz-
When the new website comes out I think it's going to spark serious buying. I believe a new website depicts a "new face" for the company.
My Opinion
Although the news doesn't spur rapid buying pressure, at least we know that the company is now "updating" shareholders on a regular basis. Something I think that is extremely important. I think more information regarding Liabilities/Assets/S.E won't follow until they start receiving revenue so they can decrease their liabilities before reporting them. Just a thought, this is beginning to look promising.
you have no clue what your talking about....kinda funny tho
EBAYaim - check out QBID, stock went from .0001 to .035, a miracle run some might call, surpassed all expectations and some. It took about 2 months to move from bottom to top. Anything is possible in Penny Land.
Is that good old Roger P. at work?
let's see what tomorrow brings.....any opinions?
we need a new website or news ASAP or else this is going back to no volume impo
New Website means new developments
Although the website is nothing fancy it does show activity, which depicts someone is beginning to take steps into moving this company forward and relieve itself of its past history. I hope we can get some numerical value on the company whether it's stock holder equity, assets, or liabilities.
See you guys tomorrow,
Wiz-
P.s. The First Capital president never called me back. so far..
LOL "Roger the Dodger"
Alright so I called-
Got a hold of the secretary of the Portfolio and Asset President at First Capital. However he was not in at the current moment due to board meeting, I did leave a message with the secretary and only stated that "I was interested in purchasing an asset that the company currently posses." I got his name as well. I'm just waiting for a call back.
I'm going to try and suck as much information out of him as possible. I'll see what I can do.
Someone should call and ask if they can purchase the domain of Calbayinternational.com in September (ask how much the domain is worth) this will give us some asset value to the company. Ask what their affiliation is with the company and why they have the domain.
What we need...
is another PR within the hour to tack on more volume and decrease this float so we can see a bid and movement in the upward direction.
another volume day of over 1 B!!!
In my opinion, already 300mil at 7am
Tomorrow morning watch this move to .0002
Way too many orders being placed tomorrow morning for this not to move up. This is going to get CRAZZZY