That's what I was thinking. IMO the 8ks where set up to entice short selling, notably "The current existing shares of Cal-Bay International, INC are to expire Monday October 1st, 2007. Some say that the Lenox deal "failed", but imo it was a purposeful misdirection. Looks like Rizvi baited the trap, and they fell for it, least in my mind.
Thanks Phish!