Cal-Bay International Inc (CBYI)

[Anvil]

Invest:

New to Calbay, maybe you can answer this question. Why issue a stock in a subsidiary? This usually signals that management will focus on the new sub and not the parent.

Given this is pinkie land, this type of move, generally suggests that management believes that the parent stock is dead (no bid, too many shares o/s) and time to move onto another shell where they can dilute/raise additional capital.

Any thoughts?