Replies to post #30135 on Cal-Bay International Inc (CBYI)

[USF11]

The increase in the A/S was attributed to paperwork by the old ceo.

How bout this idea! What if the old ceo Paulson still holding shares mind you, jumps on boards Rizvi's short squeeze plan and files the A/S increase to confuse the shorts even further.

The old ceo still has an interest here to make some cash.

It could be that the downward pressure on the ask is from the old ceo.

I do believe the flippers that wanted to get out are gone already. The rest are holding for larger gains.

[mastaflash]

The vast majority of FTDs are not reported, and in particular, FTDs generated by ex-clearing transactions (broker to broker). Actual FTDs generated could easily be MUCH higher. Naked shorters LOVE companies like CBAY, really they love them to death. But they really need this die now, because their Achilles heal is this: while they could not have borrowed shares to short, they can still provide collateral $ against short. Problem is, if the pps rises, the collateral requirements also rise. So either they cover ( which believe you me was never in their plans ), or they keep coming up with more $ to guarantee their position. I suspect the new CEO wants to make it easy for them to choose the former.

All IMO!

[Shinoki]

If your referring to the 9/24 increase to 6bil, some posters called in and found out that it was Pawson that did it. The TA didn't except the increase, so we are told.

The fun begins around 4/13/07 with NOTICE OF TERMINATION OF REGISTRATION... they become a stinky pinky.

4/25 Pawsons "resigns" do to health reasons. Mercer takes over.

4/27 the A/S was decreased from 225mil to 200mil.

5/17 Cal-bay announces new management.

5/18 Mercer steps down, and Paswon resumes control.

5/31 the A/S is increased from 500mil to 2bil. Oddly enough that there is no mention the increase from 200mil to 500mil.

7/19 the A/S is increased from 2bil to 3 bil.

8/9 the A/S is increased from 3bil to 4 bil.

9/5 All hell breaks loose with Rizvi stepping on the scene. :)

Even tho Pawson resigned he still filed the forms after doing so. I have a sneaky feeling that Paswon's health problems was a wealth problem. Maybe he set up an account some where (tax haven?) to dump those shares he just created via the A/S increase. It's believed that Pawson tried to increase the A/S to 6bil so that he could regain control of the company. It's my opinion that he was simply trying to get another 2 billion shares to dump as a last ditch effort to make some cash. Either way, at least the TA refused him.

Keymaster, I can see your point of view of how Pawson was being deceptive. Hopefully he'll get his comeupance.

[Phisherman]

But the short interest didn't start increasing until after September 27th

How do you know short interest has increased since SEPT 27?