Cal-Bay International Inc (CBYI)

[Terrorballs]

So if Pawson was dumping shares into the O/S for such a long time, then the legal O/S can't possibly be the 41 million that was recently reported. Unless there's a way to dump shares without them going into the O/S, but I can't see how that would be possible.

Only one of two things would make sense:

1. The A/S was increased, but Pawson did not dump any shares. Instead, naked shorts decided to jump in seeing the increased A/S as an opportunity. This seems extremely unlikely IMO.

2. The O/S is actually much higher than reported. But the filing is real and if it were possible to make false filings about the O/S then I would assume that every pink would do it.

Thoughts?

Also is 41 million the O/S or the float? I thought O/S was common + preferred (correct me if I'm wrong), but the 41 million is "Common Stock outstanding" according to the September 18th 8k filing.