CBAY (.019) Authorizes Company Transfer Agent to Commence Mandatory Stock Certificate Exchange Program
Business Wire "US Press Releases "
CARLSBAD, Calif.--(BUSINESS WIRE)--
Cal-Bay International, Inc. (OTCBB:CBAY) authorizes company Transfer Agent to commence mandatory stock certificate exchange.
Cal-Bay International's Board of Directors today made the announcement for the exchange program to begin. The program will include the mandatory exchange of common shares, Class B and Class C Preferred shares. The exchange will include all shares that are currently freely tradable and registered in street name.
Cal-Bay's management believes there is a significant short position in the company's freely tradable shares, and the mandatory certificate exchange program should be able to identify such a position.
The exchange program will be orchestrated completely by the company's Transfer Agent.
FORWARD LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties. The Company assumes no obligation to update any of the forward-looking statements in this release.
Source: Cal-Bay International, Inc.
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