CBAYE, new 8K out today, shorty is taking advantage of the lack of volume to keep the pps down. More PRs due out this week, including the 10Q which should blow the roof off this one, another on the most severely undervalued list....
CAL-BAY INTERNATIONAL COMPLETES ACQUISITION OF 85 RESIDENTIAL SFR LOTS IN PORT CHARLOTTE FLORIDA
CARLSBAD CA. DECEMBER 18th 2006 Cal-Bay International, Inc. OTCBB-CBAY Announced the Company has completed the acquisition of the 85 Single Family Residence building lots in Port Charlotte, Florida. The 85 lots were purchased from a private development group in Florida. Cal-Bay plans to start the development process in the first quarter of 2007. When fully developed the project is expected to yield $16-20M and generate approximately $4-5M in profit. Cal-Bay plans to use one of its subsidiary companies to develop the property.
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