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Chart looks good. Looking at last time it ran for multi-days. Thinking it can do it again.
DDA
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I'm already in for 2 weeks - let it run boys
Market12
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Just needs some volume here to touch it off. Then it could fly! Volume is coming though, slowly but surely.
mudshark
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CARLSBAD, Calif.--(BUSINESS WIRE)--Aug. 8, 2006-- Cobs Homes, a wholly owned subsidiary of Cal-Bay International, Inc. (OTCBB:CBAY), announces the company is in the final stages of negotiations for the acquisition of a premier land parcel in Southern California. Cal-Bay's public relations department made the announcement today that the Cobs Homes subsidiary is expanding operations to include the acquisition of land for development and the construction of luxury homes to be fully built and sold by Cobs. Cobs Homes is currently one of the premier Complete Owner Builder Service ("COBS") for single family owner builders nationwide and is already targeting $6M+ in revenue for 2006 from existing contracts for Owner Builder Services. Cobs' first commercial land acquisition and development is in the final stages of negotiations and expects to have contracts completed this week. The development, when fully completed, is expected to add $10M to Cobs' revenues and should increase gross profits substantially. Cal-Bay subsidiaries include: Cobs Homes, LTD (www.cobshomes.com); TLCO Software, Ltd; Cal-Bay Construction, LTD; Cal-Bay Realty Services, Inc. Cal-Bay International, Inc., 2111 Palomar Airport Road, Suite 100, Carlsbad, California 92011, Telephone: (760) 930-0100, Fax: (760) 930-0200. Website: www.calbayinternational.comwww.cobshomes.com
Stockstar69
posted
quote:Originally posted by DDA: I'm already in for 2 weeks - let it run boys
I'm right there with you and have been patiently waiting. We know it's gonna go but the question is when?
yolkarmy
posted
hmm... maybe i misread the under .10 part?
yff.
Market12
posted
That's great news! Land in Cal sure ain't cheap and is always a strong turnaround investment. Adds "$10M to Cobs' revenues and should increase gross profits substantially." COOL!
Let's get this cBABY rolling!!
DDA
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quote:Originally posted by yolkarmy: hmm... maybe i misread the under .10 part?
yff.
you have to be flexible with us LOL
Market12
posted
Let's ROCK!
Market12
posted
After FED news the ask jumped up 2 points.
Market12
posted
Well, at least my paint has dried. I guess we can call this a pause in the action...or non-action.
Come on EOD run! Come on EOD run!
Market12
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Glad it picked up at the EOD. Looking forward to tomorrow.
erica67
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Gonna come up, solid. Some more consolidation is now needed I think, would say a couple of days, then will start to climb seriously imo.
Stockstar69
posted
With all the good news recently this has got to go up. If not, I'm beginning to think there is some underlying factor keeping it down.
Maybe tremendous short interest?
I don't know...
DDA
posted
Cal-Bay International Accelerates Foreign Delisting Program
The Board of Directors of Cal-Bay International, Inc. (OTCBB:CBAY) today announced the company's intent to accelerate the delisting of Cal-Bay Securities offerings on Foreign Exchanges.
Cal-Bay International today announced its intention to accelerate file applications for revocation of its securities listings and admissions to all foreign exchanges. The removal is expected to be finalized as soon as possible, upon completion of the process for each exchange.
Cal-Bay has made this decision on the basis that for some time there has not been a significant institutional shareholder base in the European marketplace.
Roger Pawson further commented, "We feel there is a virtually unlimited opportunity for expansion in North America, and we intend to increase market share and awareness on a regular basis. As a Company we have grown substantially in the last year and a half and have significantly increased our assets, equity and corporate awareness."
After the effective date of the delisting it will no longer be possible to trade Cal-Bay stock on International Stock Exchanges. However, ordinary shares will continue to be listed on the OTC Bulletin Board (OTCBB:CBAY).
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"THREE MONTH PERIODS ENDED June 30, 2006 AND 2005
Cal Bay generated $313,540 in revenues for the three months ended June 30, 2006 compared to $0 in revenues for the same period in 2005. Operating expenses for the three months ended June 30, 2006 were $1,788,558 compared to $607,924 for the same period in 2005. Total net income (loss) for the three months ended June 30, 2006 was $5,402,094 compared to a loss of $ (607,924).
LIQUIDITY AND CAPITAL RESOURCES
As of June 30, 2006, Cal-Bay had total assets of $32,473,389. Those assets are comprised primarily of the real estate the company acquired, the acquisition of COBS homes and $225,000 of the assets are comprised of the proprietary software TLCO and cash in hand of $261,061.
Current liabilities totaled $7,757,465.00.
The company believes that in order to maintain its current real estate holdings and to close escrow on the properties currently in escrow, the Company must raise additional capital. The Company has no current plan in place to raise additional capital. The Company may sell additional stock, arrange debt financing or seek other avenues of raising capital."
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