Cal-Bay International Inc (CBYI)

[Alyssa]

Thanks Alice. That's excellent information. I do think people are focusing on the share count and that there are "trust"/potential dilution issues making investors nervous, but agree that CBAY stock seems hugely discounted and I continue to add to my position (call me crazy).

Hey, have fun on your fishing trip. Hope you catch THE big one, and I hope CBAY will turn out to be THE big catch in 2007 for all of us patient longs.

Thanks again for taking the time to post your excellent DD here.