Cal-Bay International Inc (CBYI)

[keymaster]

There seems to be a wide rift between what is stated on the Cal-Bay website and what is actually happening so far. Among other promises, claims, and implications, I read on their website that they intend to become fully reporting and transparent, including catching up all the financials from 4Q 2006 to present. This is supposed to happen in Q4 of this year. Can you believe it?

I suspect that a large amount of the volume in the last couple months is actually new investors, many of them on iHub, and old investors increasing their position. Probably a few even coming from Bionic's board. A newbie claimed on iHub today to have invested over $4k in CBAY. I can list at least 10 real stocks that I would rather put that much money in than into CBAY. IMO, putting $4k into a stock is NOT a lotto play!

I don't expect roger to invest any actual cash into bolstering this stock if he can help it. Thus the NV SOS default still exists. Until that is cured, how can we really believe anything CBAY says on its website?

...still WATCHING and WAITING...