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Posted by IMAKEMONEY on :

Cal-Bay International Subject of Fraudulent Press Release Regarding Bankruptcy Filing

Mar 8, 2007 11:44:12 (ET)

CARLSBAD, Calif., Mar 08, 2007 (BUSINESS WIRE) -- Cal-Bay International, Inc. (CBAY, Trade ) announces the company has once again become the subject of a fraudulent press release posted on Yahoo Chat Boards claiming the company filed Bankruptcy in Nevada with alleged quotes from the company's President.

Cal-Bay International's board of directors today commented that this appears to be the work of the same parties who last year posted a bogus press release claiming ReMax was acquiring Cal-Bay International.

Cal-Bay's management believes there is a significant short position in the company's freely tradable shares, and the publishing of such a fraudulent statement has a significant downward pressure on the stock the shorts are able to cover at a significantly less price than the stock was originally sold for in the short sale.

President & CEO Roger Pawson stated, "Cal-Bay has not filed Bankruptcy nor were the reported comments in the bogus press release authentic. Cal-Bay will be in contact with the FBI today to report the crime and will divulge the names to the FBI of the identified parties from the previous fraudulent press release who are still under investigation."

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

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

www.calbayinternational.com

Posted by Homersbud on :

Hahahaha, I'm in with you!

Posted by IMAKEMONEY on :

GOOD LETS MAKE SOME CASH,

Posted by Lockman on :

Hey it's up 10% . even with some big sells. GL

Posted by paulbest on :

lol
CBAY = scum bags. I wouldn't buy this stock if it was .0000000000000 you get the idea

Posted by IMAKEMONEY on :

PAUL, GET OFF THE THREAD,LOL, WE HAD A DEAL BOY!

Posted by paulbest on :

quote:
Originally posted by Lockman:
Hey it's up 10% . even with some big sells. GL

thats the MM's profit.
the MM's ain't gonna let you walk with 10% on this POS.
lol

Posted by Baxt06 on :

quote:
Originally posted by paulbest:
lol
CBAY = scum bags. I wouldn't buy this stock if it was .0000000000000 you get the idea

Paul - are you the one who posted the made up PR on Yahoo!????? Still sour from losing money on this I see.

Posted by IMAKEMONEY on :

I SAY YOUR WRONG PAUL!!PPS .0082

Posted by Lockman on :

even if you don't like it, you have to admit there's some money to be made here.

Posted by paulbest on :

quote:
Originally posted by Lockman:
even if you don't like it, you have to admit there's some money to be made here.

your dreaming. OK, maybe you can make 5%. Big deal.
The FEDS ought to step in and shut these jokers down.