Cal-Bay International Inc (CBYI)

[janice shell]

In March 2001 Robert Thompson formed Cay-Bay International (CBYI) as President and CEO and took the company public.

Yes, and in 2006 he sold it to… Roger Pawson.

Evidently the two are still associates. We last heard of Thompson back in 2013, during the elliptical trainer debacle. He supposedly owned a warehouse in L.A. that would be "new headquarters", and also a place to store the trainers. Which seem to have been… nonexistent.

Just as a reminder to anyone who wasn't around for that sorry episode, CBYI put up a new website. On it was a lot of information about a real elliptical that had enjoyed some success. Lots of photos of it, rather like the photos of the media kiosks on the current new website. It was clearly implied that that was the product CBYI would be selling.

The company also announced that the guy who'd developed that product would be working with CBYI. That was just a lie; when contacted he said he had nothing whatsoever to do with the company.

One or more longs here spoke with Thompson at the time, as these posts show. As you can see, evidently Thompson told the poster that he was CBYI's new president.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=93127394

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=93127840

More on Thompson, whose involvement with public companies has not been distinguished:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=93128249

It's unclear what Thompson's real role was at that time. He was never announced as president of CBYI. I suspect he was just doing Pawson a favor.

As he's no doubt doing now.