Cal-Bay International Inc (CBYI)

[Alyssa]

When CBAY was reporting there were references to the fact that acquisitions were made through cash and the sale of stock, and I believe that a few were mortgages that CBAY assumed. Then there’s that “Professional Offshore Opportunity Fund" and "Professional Traders Fund” that financed the Utah property ($1,070,972.22) in March, 2006, hardly a “conventional” financing!

Interesting to note (and completely insane) is the fact that "Professional Traders Fund, LLC" received as part of that deal warrants to purchase 347,179 shares of common stock at an exercise price of $.80 and “Professional Offshore Opportunity Fund” received warrants to purchase 446,238 of common stock at an exercise price of $1.20, exercisable until 3/14/2011.

8K 3/20/06:

http://www.secinfo.com/d16P7f.vd.htm#Dates