Cal-Bay International Inc (CBYI)

[Burned Up]

To my way of thinking, CBYI behaves like a stock scam. Devaluing the stock to 'nothing' was the point. The company sells enough shares until they get what they came for and then start draining the bank account on salaries and bonuses until they no longer show a profit. This dilutes the share value to nothing so no will have the will or ability to chase them down in court. It looks to me like theft, pure and simple. In this theory they also keep the company in sufficient debt to maintain a low declared value.