Cal-Bay International Inc (CBYI)

[skytrades]

Even their IR cannot confirm the exact because TA did not respond, but i say around 95m based on the cumulative recent volume. 30-40m shares should be in hands of longterm holders who held and incurred massive loss, and too much for them to care to sell now. But the problem is they are continue to convert B shares daily, no one can even confirm the common OS unless they call the TA daily. Remember how huge the recent have been 5m day, 7m day, 10m day, and if you ask me price precedes volume, this thing move southward after. IF you want to move this, they would need at least 20m+ days, enough to eat up the share float, and absorb any newly dumped shares. The problem is what they are doing now with all these lying and dumping and blaming shorts is creating a negative sentiment overall even worse than is they announce it public they are dumping shares to buy assset (notice they never announce it in public that they are converting shares into public, instead they blame shorts). Just like today, the volume is low not because MM manipulation, it is because no one is interested except for a few hypers and some bagholders that got burned and hoping it will go back up.