quote:

---

Originally posted by jordanreed:
hopefully this will raise the pps... i need to get out of this thing!!

---

quote:

---

Originally posted by Tradintexas:
changed my mind in at .12

---

quote:

---

Originally posted by Tradintexas:
juice i hope so i havent done well at all and the girlfriend has given up on me but i havent.

---

i feel ya man. ive had that experience many o times. ive been trading for 3 yrs now and ive learned some tough lessons:) biggest lesson to be learned is never buy when stocks are moving up and chase em for a price u don't feel comfortable about. for example i loaded ecci at .06 and .052 and had a GTC sell at .08 and it hit today. Everyone was bailing the last few days and it hit all time lows, PERFECT time for a bounce. you have to play things when people say their losing money and this stock sucks yatta yatta, not when the stock rocks and its flying up, because you know its going to go the other way eventually and that is way harder to predict then a bounce up.

now, cbay was in the teens a while back, i coulda bought and didnt and i saw it go upwards of a buck punching myself in the face. I'm not going to miss out on another move. i think you got in at a great price my friend. im not expecting a buck here or holding for that at all. I put a sell at .17 thats about .05 on every share. I think if you look to make a killing you will end up getting killed. Make some, and sometimes some can be a lot if your lucky and get out. Greed is the hardest thing to avoid, but its the only way I have ever did ok in this game. anyway i plan to buy a lot more cbay anywhere under .12 .... GL to ya!!
 

---

Posted by Superbee383 on :
 

quote:

---

Originally posted by juice:
just got in at .127 this is very low. i suspect nice bounce from here... anyone buyin up more?

---

Wish I bought more to average down, but I got 1k at .111 today.. low of day! woohoo!
 

---

Posted by Tradintexas on :
 
juice thanks for the reply. i know this can be done with a little know how and a lot of experience. i have only been trading for about 3 months and am getting kicked hard and the only one whose kicked me is me. had a few lessons such as 'hey wait for me and get in at the top only to get out the next day with losses not acceptable to me. i wont hold on to long to any thing that goes against me. i would rather take my smallest loss which is my first one. its hard to do but is getting easier. hope we have a good day tommorrow but i take it as it is. thanks again.
 

---

Posted by Tradintexas on :
 
juice thanks for the reply. i know this can be done with a little know how and a lot of experience. i have only been trading for about 3 months and am getting kicked hard and the only one whose kicked me is me. had a few lessons such as 'hey wait for me and get in at the top only to get out the next day with losses not acceptable to me. i wont hold on to long to any thing that goes against me. i would rather take my smallest loss which is my first one. its hard to do but is getting easier. hope we have a good day tommorrow but i take it as it is. thanks again.
 

---

Posted by Tradintexas on :
 
some times i just like to repeat myself!
 

---

Posted by AC on :
 
I think CBAY is a steal!!! we can expect a bounce to a about .16 if u can get in anywhere around .11 DO IT!!!
 

---

Posted by juice on :
 
im fishin for .11, then .10 if it gets there... called IR this am, left a msg for Tim gonna try and pry for some news:)
 

---

Posted by realtor548 on :
 
Why did CBAY go down from .17 to .111 ?
Should we get out ?
 

---

Posted by juice on :
 
look out below!!! got my buys set now at .10 and a big one at .09... call me crazy:)
 

---

Posted by realtor548 on :
 
I got out at .11
Now it downs to .105

I will buy at .07
 

---

Posted by Tradintexas on :
 
juice how low can this go? i hope some one doesnt know what we dont!
 

---

Posted by SherriT on :
 

quote:

---

Originally posted by juice:

quote:

---

Originally posted by Tradintexas:
juice i hope so i havent done well at all and the girlfriend has given up on me but i havent.

---

i feel ya man. ive had that experience many o times. ive been trading for 3 yrs now and ive learned some tough lessons:) biggest lesson to be learned is never buy when stocks are moving up and chase em for a price u don't feel comfortable about. for example i loaded ecci at .06 and .052 and had a GTC sell at .08 and it hit today. Everyone was bailing the last few days and it hit all time lows, PERFECT time for a bounce. you have to play things when people say their losing money and this stock sucks yatta yatta, not when the stock rocks and its flying up, because you know its going to go the other way eventually and that is way harder to predict then a bounce up.

now, cbay was in the teens a while back, i coulda bought and didnt and i saw it go upwards of a buck punching myself in the face. I'm not going to miss out on another move. i think you got in at a great price my friend. im not expecting a buck here or holding for that at all. I put a sell at .17 thats about .05 on every share. I think if you look to make a killing you will end up getting killed. Make some, and sometimes some can be a lot if your lucky and get out. Greed is the hardest thing to avoid, but its the only way I have ever did ok in this game. anyway i plan to buy a lot more cbay anywhere under .12 .... GL to ya!!

---

Nice post, juice....some of the things you mentioned are the hardest to learn. The big play always looks as easy as the small one, but I would be much farther ahead if I would have just played it safer.
 

---

Posted by realtor548 on :
 
bid at .101
 

---

Posted by juice on :
 
.097x.10
1x3
got me 5k more at .10...they aren't stopping, pushing this down hard. gonna get 'em real cheap it looks like, you may get your .07 realtor
 

---

Posted by juice on :
 
lots of buyers at .10
 

---

Posted by Tradintexas on :
 
go CBAY
 

---

Posted by juice on :
 
thats right tex;) great p/r
 

---

Posted by juice on :
 
Cal-Bay Announces Stock Buy-Back Program of Common Shares Effective Immediately

Business Wire "US Press Releases "

CARLSBAD, Calif.--(BUSINESS WIRE)--

Cal-Bay International, Inc. (OTCBB: CBAY) announces the launch of a common stock buy-back program effective immediately.

Cal-Bay's Board of Directors today announced the company will commence the repurchase of the company's common shares from the open market effective immediately and retire the shares permanently. This program shall remain effective through October 31st, 2006, and will be reviewed by the Board of Directors after that date.

Cal-Bay CEO Roger Pawson commented the opinion of management is there is a significant short position in the common tradable shares which has caused a large downward pressure on the stock value. There has been no recent significant increase in the conversion of restricted to freely tradable shares available to the market which has further convinced Cal-Bay management of the obvious increase in the stock's short position.

The company will publish the results of the Buy-Back and total number of shares cancelled upon completion of the program.

Cal-Bay will be filing an 8-K statement to confirm the Stock Buy-Back announcement.

FORWARD-LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties.

The Company assumes no obligation to update any of the forward-looking statements in this release.

Source: Cal-Bay International, Inc.
 

---

Posted by Tradintexas on :
 
hey juice im smilin
 

---

Posted by cassity on :
 
look how thin the ask is. This is goin to soar.
 

---

Posted by cassity on :
 
Bid support is very good!!!! What's up JUICE!
 

---

Posted by juice on :
 
yep still selling some at .17 hope we get there today. looks great. i love how cbay was suffering and when you hound them with emails and calls they put out a p/r. plus they had a meeting yesterday. i guess this was the topic of discussion!! great stock IMO
 

---

Posted by cassity on :
 
Heck ya. Not sure how this stock buy back works. Can you enlighten me?
 

---

Posted by juice on :
 
"I hope todays press release answers your questions. If you have more please feel free to contact me."
email from Tim LOL
 

---

Posted by cassity on :
 
I've talked to Tim in HR at CBAY. He told me the float is only 17mil
 

---

Posted by cassity on :
 
Juice how does the buyback work?
 

---

Posted by AC on :
 
You will see them at 18 cents before the end of the day. There is no reason they should have Fell!!!!
 

---

Posted by juice on :
 
a company initiates program to buy shares of their own stock. This reduces the amount of shares available to the public. This generates buying interest, so if you want to buy and i want to buy and a lot of people want to buy when more news comes out, there are less shares to go around, so mm's naturally raise the pps to get people to sell to get shares to fill orders as the pps rises. the less amount of shares and 17Mill is already real low (i thought it was 22Mill), the faster it can move up (or down). In this case with shares short and the company trying to lower the O/S this is an extremely good situation and proves they care about shareholders and the value of their stock. This is a REAL company. Only wish my order at .09 filled i was about to change it this morning! lol still looking good though. GL!!
 

---

Posted by cassity on :
 

quote:

---

Originally posted by juice:
a company initiates program to buy shares of their own stock. This reduces the amount of shares available to the public. This generates buying interest, so if you want to buy and i want to buy and a lot of people want to buy when more news comes out, there are less shares to go around, so mm's naturally raise the pps to get people to sell to get shares to fill orders as the pps rises. the less amount of shares and 17Mill is already real low (i thought it was 22Mill), the faster it can move up (or down). In this case with shares short and the company trying to lower the O/S this is an extremely good situation and proves they care about shareholders and the value of their stock. This is a REAL company. Only wish my order at .09 filled i was about to change it this morning! lol still looking good though. GL!!

---

Thanks, you could be right on the float. I called Tim back in June!
 

---

Posted by juice on :
 
according to 10Q o/s: 22,797,501.. i don't know what the float is.
stalled here, expect afternoon buyers:)
 

---

Posted by Tradintexas on :
 
did it stall because of profit taking?
 

---

Posted by juice on :
 
yeah here we go tex, you watchin? expect a very nice close today! should break .15
 

---

Posted by Tradintexas on :
 
u bet im watchin!
 

---

Posted by Tradintexas on :
 
if they are buying back their own shares till the end of october this could just be the beginning. i wonder?
 

---

Posted by rvenza1 on :
 
Talked to Tim today and the major holdup is able if they would just go away this stock would soar. What do you guys think about tomarrow, or too early to tell
 

---

Posted by Forrestgump on :
 
incredible volume today...this stock seem to be manipulate in our face....
 

---

Posted by rvenza1 on :
 
cant wait until.14 is a number of the past
 

---

Posted by rvenza1 on :
 
i want to beat up all shorters who is with me
 

---

Posted by juice on :
 
im with you man. mm's are holding this back hardcore. did u see them bring it down then pop it right back to 14 lol man .10 and under was a dream!!
 

---

Posted by skip on :
 
I will admit I bailed for a loss. Still in SEVI(E) though!

someone might want to call the transfer agent to verify the current O/S...just a thought...
 

---

Posted by Forrestgump on :
 
Volume 8 millions vs Price doesn't make sense at this level with a float of only 19 millions shares...NSS working hard to bring it down before buy back start
 

---

Posted by skip on :
 
anyone call the TA? might be a good idea before you go long...

I got a PM from a person on ihub that I don't know, but they mentioned an increase in O/S since the 10Q. Might be worth a call to the TA to make sure. Again, I don't know the person, so who knows if that is true or not. But, volume was way higher than normal monday/tuesday, and the price plummeted. Might be worth a call if you are heavily invested...

Good luck everyone, I hope it rebounds back to where it should be, I sold because I needed $$$ for other plays...SEVI(E), RKLC, and GBDX (in case you are wondering )
 

---

Posted by skip on :
 
double post, sorry
 

---

Posted by Forrestgump on :
 
What about today Pr for honest answer instead of rumor...form anonyme email..?


Cal-Bay's Board of Directors today announced the company will commence the repurchase of the company's common shares from the open market effective immediately and retire the shares permanently. This program shall remain effective through October 31st, 2006, and will be reviewed by the Board of Directors after that date.

Cal-Bay CEO Roger Pawson commented the opinion of management is there is a significant short position in the common tradable shares which has caused a large downward pressure on the stock value. There has been no recent significant increase in the conversion of restricted to freely tradable shares available to the market which has further convinced Cal-Bay management of the obvious increase in the stock's short position.

The company will publish the results of the Buy-Back and total number of shares cancelled upon completion of the program.
 

---

Posted by skip on :
 

quote:

---

Originally posted by Forrestgump:
What about today Pr for honest answer instead of rumor...form anonyme email..?

---

why not call the TA and find out for sure?

I'm not bashing, and have nothing against CBAY, but CEO's are not always the most truthful fellows, and look at the trading pattern Fri/mon/tues...I'm sure you know what dilution looks like, and it strikingly similar to CBAY's trading pattern lately. I put all of this together and sold. Again, believe what you will, and do whatever DD you feel necessary, just putting the possibility out there and discussing pros/cons...
 

---

Posted by Forrestgump on :
 
Skip you could be right...but he only thing intriguing, why they release a PR today about buy back program if they are diluting...? To my knowledge PR is a legal statement.
 

---

Posted by skip on :
 
Yeah, it doesn't make sense. I love the 10-Q, they have a lot of assets, which is why I bought in initially. But, I chose to get out. Too many long positions in my portfolio have presented themselves lately (IE; picks that became bags because I didn't sell them fast enough mostly ) and my strategy is generally quick flips. I have strayed from that philosophy as of late and it is not doing me well. I will likely hindsight trade this and root for all that are still in it nonetheless...

GL
 

---

Posted by juice on :
 
could be dilution OR short selling. P/R says short selling and that would also push a stock down hard. but im with ya skip quick flipping. going long is not the best idea with pennies. still like the looks of cbay, still way low with room to go. Buy back commensing this month and Tim told me that a p/r will come out immediately at completion (nov 1st) announcing "a fairly significant" amount of shares bought back
 

---

Posted by realtor548 on :
 
Flipping is good !
I got in at .10 and got out at .14 yesterday, made a few hundred bucks. That is good for me.

I will get in when it downs today.


Get in and get out at the same day.
 

---

Posted by juice on :
 
goes down just as fast as up lol
sold half my position at .14 today
 

---

Posted by realtor548 on :
 
I like to buy some cheap shares but it does not let me buy. I got this message : " Buyer not allow to buy this security, call your local ... "
What is going on ?
 

---

Posted by Tradintexas on :
 
i almost sold half and wish i had . i need to learn to follow my instincts instead of second guessing myself. i would be much better off finicially!
 

---

Posted by BeginnersLuck on :
 
what's going on with this thing?
 

---

Posted by skip on :
 

quote:

---

Originally posted by Tradintexas:
i almost sold half and wish i had . i need to learn to follow my instincts instead of second guessing myself. i would be much better off finicially!

---

quote:

---

Originally posted by DeedsA55109:
I am relatively new. If there is a buy back, does that mean that the price would be driven up?

---

--------------------------------------------------

yes ( in theory) if no games or deceit is being played

BUT...this stock should go up ANYWAY even without a buyback, simply undervalued....and has been shorted

low o/s ( though disputed on the # of shares), still very low compared to most penny stocks

and this is a company with a tangible product (real estate) that can be more easily verified by accessing public records for their transactions and holdings...harder to play games with the numbers

anyhow this should correct very soon, and with momentum we know what it can do ( just look at the 6 month chart), when it goes, it REALLY goes !!

GLTA
 

---

Posted by DeedsA55109 on :
 
Thanks, Forestgump and ohio-trader.

Ohio, how can you know that it has been shorted? Is there some formulaic way to know this, or just experience, or ...?

I appreciate any insight.
 

---

Posted by ohio_trader on :
 
read todays PR and last week from the CEO
 

---

Posted by Forrestgump on :
 
Ohio you are right..CBAY is very undervalued cos of NSS (a fact), some people estimated the pps around .60 - this is very conservative to me - Today should be a BIG day for CBAY if the rumor is true...Alot of buying will occur and NOBO list comparaison with DTC lists should give us some light on how short this stock is NSS

Posted by: Belinda Bicciano Jr
In reply to: None Date:10/5/2006 3:00:16 AM
Post #of 1016

"BuyBack" Stategy.

Since I saw many posts containing only partial information about the "buy back" process,
and since I wanted myself to know exactly how it happens, here it is...

"any discrepancy revealing a short position in the company's stock will result in a mandatory cert exchange program to force the short position holders to cover the negative balance"

Well, actually, with NOBO & DTC lists comparison it is possible to know who has shorted "ghost shares" (naked short selling), even if that person, group, organization has covered or not. Traces are available to investigators.
Rules that can be forcely imposed to naked shorters, since 1st of January 2006 (SEC):

- the identified naked-short-seller trading account is freezed till conclusion
- in case of he has not covered, negative balance is automatically covered at market price, taking any other assets on the trading account, and if not enough, covering procedure is launched against any of his personal goods...
- covered or not covered, if he made a loss on the operation, he assumes it
- covered or not covered, if he made a profit on the operation, the exact amount of that profit is transferred to the shorted Company, taking any other assets on the trading account if necessary, ... The Company will exclusively use that money afterwards to help the SP going back to the previous levels.
- all shorters have to pay a fine, a fix + a proportional, fine that is used to pay the all process (Regulation authorities, ...) - the eventual excedent is for the Company, but exclusively used for same purposes (help the SP...)


Knowing those rules, the "buy back" strategy becomes more evident:

- the "buy back" first phase, before mandatory cert exchange, mainly consists in sitting at a certain ask (mobile fork [0.091;0.094] e.g.) in the way to get a maximum of cheap shares (will be cancelled afterwards for those bought by the Company as announced) (which consist in an incredibly good investment for private capital, specially in that first phase)
The other goal of this is to ensure the SP to not go further down than the decided level.
The mobile fork can move up or down, depending on normal market conditions.

- at the time the cert exchange program is effectively starting (means all naked shorters identified & concerned trading accounts freezed and under control), the "buy back" mobile fork will suddenly move up, since the threat of further artificial down-pressure is of the past,
bringing the SP to a higher level, buy the way making the covering expensive to the (rare) not-yet-covered shorters...

- at the time of the conclusion, shorters'profits & fines money are available for the final phase, that one is very easy, it consists for the Company in spending the shorters money, the goal is to bring the SP back where it was before the attack. To do this, it usually happens that shares are bought by blocks by level steps increased of x% each time, and sold afterwards at x% under the current SP. That way the "artificial money" from shorters that came from "artificial shares" is fully spent in the market momentum.
example: buy 250000 shares at 0.15 then sell some at 0.14 and some at 0.145, then buy other shares at 0.165, then sell it at 0.155 & 0.15, and so on, creating an ascending bullish pattern, ensuring shares to be bought by private investors, and finally bringing the SP back to where it was (actually I think that was about 0.21 before the attack started)

Now, if after that, a PR comes out to say that 13750000-US$ settlement arrived in the bank, I will for sure enjoy the end of the year...
 

---

Posted by Forrestgump on :
 
I suppose eveything about the rumor was false...!Mmmmmmm!
 

---

Posted by juice on :
 
.119
 

---

Posted by Forrestgump on :
 
CBAY got the NOBO list...
 

---

Posted by FurrySound on :
 
I just
 

---

Posted by ohio_trader on :
 
eod .143 at high, gapper monday


great run back up this week, got in at .074 and .075, more $$$ to be made next week


GLTA
 

---

Posted by jordanreed on :
 
cant wait till it hits .60


then i'll be even
 

---

Posted by BeginnersLuck on :
 
I have me sell at .56 even though I suspect that it will run much higher. Then drop yet again and I'll be prepared to pick up any shares below mid .20's
 

---

Posted by juice on :
 
.157 x.16 !
 

---

Posted by juice on :
 
bring on .20's today baby GOOOO
 

---

Posted by ohio_trader on :
 
a little profit taking today , thats ok, needed a little pull down, so we can can go higher in the next run up
 

---

Posted by juice on :
 
i bought some more just now. this baby is primed to BOOM soon and we had a nice taste of that yesterday for sure! expect more updates and news and (i am constantly talking to Tim from IR through email, i recommend anyone here to do the same) this stock will easily go through .20 again.
 

---

Posted by juice on :
 
NEWS

Cal-Bay Acquires New Luxury Homes Portfolio for $4M in Las Vegas, Nevada
Tuesday October 10, 10:28 am ET


CARLSBAD, Calif.--(BUSINESS WIRE)--Cal-Bay International, Inc. (OTCBB:CBAY - News) announces the purchase of 7 newly built luxury homes in Las Vegas, Nevada.
ADVERTISEMENT


Cal-Bay's Board of Directors today announced the company purchased the 7 newly completed luxury homes in South Las Vegas, adjacent to the luxurious Henderson suburbs. The portfolio comprises of 7 new luxury single family homes ranging from 2500-2800 square feet in size and valued at $550-$600,000 each.

This acquisition will add $4M package to Cal-Bay's rapidly growing Las Vegas property portfolio, and will additionally generate in the region of $240,000 per year in rental revenues.

The close of escrow is scheduled for Friday, October 13, 2006 in Las Vegas, Nevada.

Cal-Bay is currently in negotiations for several other Residential and Commercial development properties in the Las Vegas area.

FORWARD LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties.

The Company assumes no obligation to update any of the forward-looking statements in this release.


Contact:
Cal-Bay International, Inc.
Tim Garlin, (760) 930-0100
Fax: (760) 930-0200
IR*calbayinternational.com
www.calbayinternational.com
 

---

Posted by BeginnersLuck on :
 
Composite Indicator
Trend Spotter TM Sell

Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Sell
20 - 50 Day MACD Oscillator Sell
20 Day Bollinger Bands Hold

Short Term Indicators Average: - Hold
20-Day Average Volume - 2489105

Medium Term Indicators
40 Day Commodity Channel Index Hold
50 Day Moving Average vs Price Sell
20 - 100 Day MACD Oscillator Sell
50 Day Parabolic Time/Price Buy

Medium Term Indicators Average: 25% - Sell
50-Day Average Volume - 1209548

Long Term Indicators
60 Day Commodity Channel Index Hold
100 Day Moving Average vs Price Sell
50 - 100 Day MACD Oscillator Sell

Long Term Indicators Average: 67% - Sell
100-Day Average Volume - 992175

Overall Average: 32% - Sell
 

---

Posted by BeginnersLuck on :
 
Today's Opinion:

32% Sell
Yesterday's Opinion:

40% Sell
Last Week's Opinion:

96% Sell
Last Month's Opinion:

64% Sell
 

---

Posted by juice on :
 
Tim told me the O/s has increased. so you know calbay was dilluting even after they announced the buyback. He assured me the buyback will happen, so im guessing these shares must ahve been sold to acquire the new properties announced today. Not a great thing, but the O/S is 56 Million which is still crazy low... and if they are giong to buyback I'd imagine they are going to do it when the price drops again... so that may tell us somehting. guess i shouldn't have bought more yet:)
 

---

Posted by sandor butosi on :
 
The RB post worth reading ->
thanks to buyatbid for reminding me to check rb on occasion and this mac guy's post is one worth reading.

By: macshane0
11 Oct 2006, 11:06 AM EDT
Msg. 619 of 621
(This msg. is a reply to 616 by laidbackmac2k2.)
Jump to msg. #

I have people in the industry. One contact has someone who is working inside CBAY. I never go into any penny blind. No one EVER should


Im quite impressed at the amount of DD here.

Ima's right, original target is/was AMEX. Word has it they would be better off long to go nasty. Of course thats a great assumption.

Ima-
Im with you , luxury at $550k? Now, you need over a $1MM to be luxury in So. cal , So. Nev. But I dont think they intend to be misleading. People in other parts of the country see $350k+ as luxury.

Most of the shares have all been coming from before mentioned free shares being freed up (after 12 month restriction). They are giving shares for property, but only to the brokers, and in much smaller amounts.
As for the volume, heres how it works typically with a hostile large share holder (that they have). They know they cant just dump 5MM shares (with this low volume)and expect to get anything for them. So they'll sell 100K, then jump on the buy side for 50K and repeat. This takes weeks, but the semi support it while dumping. Add this to the huge increase in the float and the fact that the hostile share holders will also short the position, and you can actually easily have volume over the current float (because the same shares are being swapped several times).
Granted, the overhang is probably higher than any shareholder wants, but my understanding is Pawson KNOWS he is better off protecting the stock.

As for a RS, Pawson knows lightning doesnt strike 2 times very often. The only reason for the first was that CBAY had taken over the shell and needed to get control back of the shares to clean it up. I HIGHLY doubt a repeat. a FS is far more likely down the road.

As for getting in at .05. Word has it, that they know they MUST keep it above .05. It breaks .02 again and we start over, and it may not ever recover. To many MM's ready to pounce. Im with you, if the hostile shares are still out there, then a return to below .10 is a very big possibility. The Underwriter helping with the buy back has already picked up a substantial position from what I hear.

Remember this: The shares that are shown to be "retired" at the end of the month will NOT represent all the shares picked up. In fact Im guessing they will retire less than 10%. The rest will go to the underwriter to wholesale out. The good news is they will be reissued using FT system, they will create a market for them, and CBAY will have control to insure none fall to hostile hands.

Final possibility that is very likely- If they pick up enough shares, there may A)be a buyout (I hear one of the major controllers actually is shopping this option! My guess it would have to be $1 plus) or B)have enough control to move to another market.

that should wet your appetite
MAC

(Voluntary Disclosure: Position- Long; ST Rating- Hold; LT Rating- Strong Buy)
 

---

Posted by jordanreed on :
 
ok...thanks for clearing that up
 

---

Posted by BeginnersLuck on :
 
wow is it jumping up .02 already
 

---

Posted by BeginnersLuck on :
 
al-Bay International Signs Letter of Intent to Acquire $400M Louisiana Residential & Retail Shopping Center Development on Planned Golf Course Community

Cal-Bay International, Inc. (OTCBB:CBAY) announced the Company recently signed a Letter of Intent to acquire a $400M residential & Retail Shopping Center development property on a planned Golf course community in southern Louisiana.

Cal-Bay's Board of Directors today announced the company's attorneys were completing the final stages of the due diligence process for the multiple phase residential and Retail Shopping Center development. The project comprises of 600-1000 single family homes and a 10 acre Retail Shopping Center development along with a six acre recreational area, adjacent to a newly planned Golf course structured community.

Cal-Bay CEO Roger Pawson commented that the development property is fully entitled, the engineering process is complete and the building permits have been approved. The early phases are already under construction. Cal-Bay anticipates the closing of the acquisition within the next 30 days subject to satisfactory due diligence results from the company's legal team.

Roger Pawson stated, "This is Cal-Bay's largest single acquisition and will be developed by Cal-Bay subsidiary COBS Homes LTD. The entire development time to completion is projected to be 3 years, and based on current market valuations for the area the property is expected to generate $400M in sales and net in excess of $100M to the company. This project will also create a significant number of new jobs in the Louisiana area." Roger Pawson further stated, "The Company is currently in negotiations with one the nation's largest retail construction product suppliers for this project and funding for the project has been secured."

The terms and location of the acquisition are not available for disclosure at this time under the terms of the NDA; Cal-Bay's Letter of Intent secures this project by way of the acquisition of an existing Louisiana based development company.

FORWARD LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties.

The Company assumes no obligation to update any of the forward-looking statements in this release.

Cal-Bay International, Inc.
Tim Garlin, Public Relations, 760-930-0100
Fax: 760-930-0200
E-mail: IR*calbayinternational.com
Website: www.calbayinternational.com
 

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Posted by Wagerboy on :
 
This need to move up! vol is there, why not the price?
 

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Posted by thesource on :
 
I'm in on this one too , I only have 5500 shares but hoping to make a few grand on the deal with it .
 

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Posted by ohio_trader on :
 
SOS to CBAY.........
 

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Posted by paulbest on :
 
SOS to Cbay

Interesting. I've been watching this stock for 8 months. I've seen it go up, I've witnessed its falls.
But I am curious as to why this stock did not go up on recent news of closing on its biggest deal, the south louisiana property, which will give this company mega revenues. But the price didn't move.
What gives?
Will it move only when the deal is actually closed at EOM?
Thanks from a newbie who doesn't want to get burned too badly.
 

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Posted by WI Biker on :
 
Cal-Bay International in Receipt of October 13, 2006 NOBO List Simultaneous with Publication on NASDAQ Naked Short List October 18, 2006
Thursday October 19, 2:36 pm ET

CARLSBAD, Calif.--(BUSINESS WIRE)--Cal-Bay International Inc. (OTCBB:CBAY - News) today announced the company was again listed on the NASDAQ Naked Short List, and simultaneously the company today received the NOBO (notice of beneficial ownership) list as of October 13, 2006.
The company is currently reviewing the NOBO list with the intent of identifying the obvious short position as is now confirmed by the publication on the NASDAQ Short List.

The company will publish a more specific statement regarding the short position early next week along with the company's intentions to combat the short position.
 

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