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CBAY - bottom .073 >>52 week low, retiring shares
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[QUOTE]Originally posted by Baxt06: [QB] CARLSBAD, Calif.--(BUSINESS WIRE)--Cal-Bay International, Inc. (OTCBB: CBAY - News) Cal-Bay President & CEO Clarification Statement of Issued & Outstanding Shares of Cal-Bay International, Inc. Cal-Bay Issued & Outstanding Common & Preferred B Shares as of November 16th, 2006: Common Shares: 78,230,998 With approximately 3,500,000 awaiting cancellation. Class B Shares: 103,830,716 With approximately 6,000,000 shares awaiting cancellation President's Comment: "There seems to be a rumor that the issued and outstanding shares are significantly higher than the accurate numbers reflected herein; therefore, this statement clarifies the actual outstanding shares reported by the Company's Transfer Agent as of today. Cal-Bay's market capitalization of the combined common shares and Preferred B shares based on the current stock price of $0.052 per share is approximately $9.5M. The Company's quarterly report to be published next week will reflect the Corporations assets are now in excess of $100M, and the equity position now held against the assets is in excess of $41M. This number is most cases would be the basis of the formula to determine the book value of the stock, and typically most company's stock trades at a multiple of book value. I hope this statement will assist clearly the long-term investors of Cal-Bay International." [/QB][/QUOTE]
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