Cal-Bay International Inc (CBYI)

[Terrorballs]

Might have a problem here:

October 15th is the magical day everyone is waiting for, since that is when the Grandfather provision for Reg SHO is removed. There was some discussion here on whether non-reporting companies are affected, since only stocks on the threshold list must be covered. Well according to the SEC:

"Threshold securities only include issuers registered or required to file reports with the Commission ('reporting companies'). Therefore, securities of issuers that are not registered or required to file reports with the Commission, which includes the majority of issuers on the Pink Sheets, cannot be threshold securities. This is because the SROs need to look to the total outstanding shares of the issuer in order to calculate whether or not the securities meet the definition of a 'threshold security.' For non-reporting companies, reliable information on total outstanding shares is difficult to determine."

More info here: http://www.sec.gov/spotlight/keyregshoissues.htm

Much as I'd love to only post good things, I think it's best if we know the facts.