Cal-Bay International Inc (CBYI)

[coin_in_fountain]

How do you know that was an insider buy? The "Reporting Owner Name" was listed as Cal-bay, not Rizvi. But, let's roll with your assumption that the stock really does now belong to Rizvi. How do you know he really purchased it? It's possible that Roger printed the new shares for Rizvi, as a favor for taking over the company for a little while to see if anybody else could get suckered into buying more shares. Make it look like the company really does have some insider buying.

Again, I have to go back to my earlier point. If this company really did get some honest new management, they would be honest and forthcoming with information for shareholders. I think Roger is just trying to milk a dead cow. Buy some more of his new shares if you want, but I think the proceeds are just going into Roger's pocket. He probably feels like he deserves it, given all the "hard" work he put into this company.