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juice
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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.

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Tradintexas
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hey juice im smilin
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cassity
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look how thin the ask is. This is goin to soar.

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-Cassity

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cassity
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Bid support is very good!!!! What's up JUICE!

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-Cassity

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juice
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yep still selling some at .17 [Smile] 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
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cassity
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Heck ya. Not sure how this stock buy back works. Can you enlighten me?

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-Cassity

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

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

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-Cassity

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cassity
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Juice how does the buyback work?

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-Cassity

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AC
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You will see them at 18 cents before the end of the day. There is no reason they should have Fell!!!!
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juice
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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!!
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cassity
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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! [Big Grin]

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-Cassity

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

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Tradintexas
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did it stall because of profit taking?
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juice
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yeah here we go tex, you watchin? expect a very nice close today! should break .15
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Tradintexas
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u bet im watchin!
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Tradintexas
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if they are buying back their own shares till the end of october this could just be the beginning. i wonder?
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rvenza1
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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

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I hope this goes

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Forrestgump
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incredible volume today...this stock seem to be manipulate in our face....

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AGLOCO
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rvenza1
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cant wait until.14 is a number of the past

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I hope this goes

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rvenza1
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i want to beat up all shorters who is with me

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I hope this goes

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juice
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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!!
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skip
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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...

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Forrestgump
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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

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AGLOCO
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skip
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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 [Smile] )

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skip
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double post, sorry
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Forrestgump
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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.

--------------------
AGLOCO
TakeTheInternetBac k
SlashMySearch

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skip
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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...

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Forrestgump
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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.

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skip
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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 [Smile] ) 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

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juice
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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 [Smile]
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realtor548
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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.

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

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realtor548
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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 ?

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Tradintexas
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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!
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