Cal-Bay International Inc (CBYI)

[USF11]

If I had a guess I would say there will be some short of share retirement. As far as I know this Lenox merger had the CBAY assets going to a lenox shell.

This new CEO mustve thought why not move the lenox assets to the already trading CBAY shell. No point to annoucing the merger with billions of shares outstanding, so you buy the shares you can back, retire them and do a reverse merger using the cbay shell. By doing this they are saving a ton of cash trying to get a new ticker symbol going on the nas.

JMO

Our ceo uses the CBAY name rather then his own in the form 4 filings, this makes me believe that these shares will be retired in the best interest of the CBAY the company.