Cal-Bay International Inc (CBYI)

[mordicai]

you have to wonder if the cobs deal was the cause of all the shorting that went on. If I took 30 million preferred shares for my business, I certainly would hedge my position by shorting. It seems like if the original deal was 6.7 million those 30 million shares may have been gotten at a bargain of 20 cents when market value was 40 cents. That certainly could have caused a downtrend. But I also wonder if the purchase price was to be determined by using an average price of the common in the future when the deal was struck, and the low pps made it impossible to come to an agreement and Pawson was unwilling to issue 4 times as many as originally thought. Guess we will never know. I really don't see what use cob homes would be to cbay, when cbay plans to build homes on the lots purchased instead of selling just the lots.