Cal-Bay International Inc (CBYI)

[mordicai]

Pawson proven legitimate ? LMFAO. The shakerzzz group tried to run this thing when it was .25 and were met with Pawson or the restricted shareholders selling into all the buying. Today 14 million shares traded. That kind of volume should have moved the stock up at least back up to 2 cents imho. My guess is somebody is still selling. This stock was trading at 2.2 to 2.4 cents before the bankruptcy decision was uncovered showing that six weeks earlier that court had ruled the $14 million stonewall receivable was worthless and the lis pendes showing that cal bay is in foreclosure on the charlotte county property. The last financials show about $38 million in assets, so imho the market has basically deducted 17 million off the asset base and halved the price of the stock. Negative posts or posters on this board had little impact. The negative news (i.e. foreclosure and worthless receivable and worthless conference call) is what caused the stock to plunge.