Cal-Bay International Inc (CBYI)

[PennyMaven]

Wonder if Roger will resign from Smart Truck too?



Form 8-K for SMART TRUCK SYSTEMS INC
--------------------------------------------------------------------------------

30-Nov-2006

Changes in Control or Registrant, Change in Directors or Principal Office


Item 5.01 Changes in Control of Registrant
On November 26, 2006 Roger Pawson purchased 100,000 shares of preferred A stock of the company in exchange for assuming all the debt and liabilities of the company. Roger Pawson has control by the fact that on September 15, 2006 the company designated a preferred class A stock which calls for one share of preferred A is equal to 60 shares of common. Therefore on November 26, 2006 Roger Pawson had control of 6,000,000 voting shares of the 9,639,951 out standing.

On November 26, 2006 Robert L. Cashman an individual and on behalf of Hallmark Venture Group collectively gave up control by canceling 3,950,000 shares in exchange for an option to purchase at a future date $4,000,000 dollars worth of shares valued at 50% of the average market price for $.001 per share. Therefore on November 26, 2006 Roger Pawson had voting securities of the company in the amount of 6,000,000 out of the total of 12,367,107.

The agreement called for Roger Pawson to elect a majority of the Board of Directors.