Cal-Bay International Inc (CBYI)

[Alyssa]

EBAY, if CBAY did, in fact, decrease the number of authorized shares from 500 million to 200 million, then yes, that would be a very (very) good thing! According to the filing, it looks like that's what they did. Also, remember that in order to legitimately float off into pinkland, they needed less than 350 shareholders; they reported ONLY 169 in that filing.

If Belinda's equity/asset figure is accurate, then current book value based on the assumption that ALL 200 million shares are issued and outstanding, would be around $.045. Sure, it would be wonderful to see this move to $.50! It's all up to Mercer.

Maybe the delay in hearing from Mercer is simply (or not so simply) a matter of getting all of his ducks in a row. In the meantime, we just have to wait and hope for some good news and validation. The launching of their new website would be a good start.