Cal-Bay International Inc (CBYI)

[Alyssa]

As of yesterday's close, the market cap is about $7.28 million, which seems totally absurd when you consider the equity being built up here. Yes, it all rests on a great 10K, removal of the E, and imho there may be "trust" issues that have built up and may be impacting the stock, and then there are the usual games. The proof will be in the pudding.

FRPT.OB at its high was trading at 18 times book value of $.935. If CBAY were to trade similarly, with an estimated BV of around $.50, that would mean $9.00 per share. Of course, it's all dependent on the right news and momo. But it's fun to think about and CAN happen. In the case of FRPT, that was trading in the $.60 to $.90 range in early 2006 and hit a high of $17.00 this month.