quote:Originally posted by skip: anyone else think they might be waiting to PR the #'s until after the symbol change? If I was management, I wouldn't PR under a temp symbol...we shall see...
That was exactly my thought....posted on the All Stocks thread about today's plays. It's filed with the SEC so it is easily verifiable...start tomorrow with a new ticker and a PR, and it should be a beauty. Thanks for posting the ticker change!
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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No prob! Good for you to be in this, definitely under the radar right now, not for long, I hope...
Posts: 2741 | From: Seattle | Registered: Feb 2005
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Finished on an uptick at .24, buy still coming in...tomorrow should be awesome!
Posts: 2741 | From: Seattle | Registered: Feb 2005
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CBAY - NEWS JUST OUT. Cal-Bay International Acquires $4M Single Family Home Development Parcel in Charlotte County Florida
CARLSBAD, Calif., Sep 13, 2006 (BUSINESS WIRE) -- Cal-Bay International, Inc. (OTCBB:CBAY) announced the acquisition of a $4M residential property parcel comprised of 85 Single Family Residence home lots in Charlotte County, Fla.
Cal-Bay's public relations department made the announcement today that the company had entered into a binding agreement for purchase of the fully entitled land parcel in Charlotte County, Fla., to develop 85 single family custom homes on the property. The property received an appraised land value of approximately $4M. The deal is expected to close this week.
Cal-Bay's public relations department made the announcement today after the signing of a binding Letter of Intent between the parties.
Cal-Bay's President commented: "The company plans to construct several Model Homes on the property and offer either completed custom homes or single lots with an inclusive COBS Homes construction package to prospective buyers."
This would potentially add 85 complete owner builder customers to COBS' existing portfolio immediately.
The fully completed development is expected to add combined revenues in the region of $20M to both COBS and Cal-Bay over the next two years.
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.
CONTACT: Cal-Bay International, Inc. Tim Garlin, 760-930-0100 Fax: 760-930-0200 IR*calbayinternational.com
Posts: 2741 | From: Seattle | Registered: Feb 2005
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companies with revenues, profits, and solid growth are down...POS scam companies are up...
it's now back to where it was when the 10-Q came out, nothing has changed #'s wise, this should go higher...
Posts: 2741 | From: Seattle | Registered: Feb 2005
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glad to see the financials posted somewhat out in the spotlight... the more folks that see the great #'s, the more will buy... this is near it's 52 weeks lows and is performing better than ever, it has to go sometime, IMO...
Posts: 2741 | From: Seattle | Registered: Feb 2005
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Cal-Bay International Management Review of Quarterly Report Ending June 30, 2006
September 18, 2006 14:03:10 (ET)
CARLSBAD, Calif., Sep 18, 2006 (BUSINESS WIRE) -- Cal-Bay International, Inc. (CBAY, Trade) announces a management review for the quarterly report filing for the period ending June 30th, 2006.
This statement is the opinion of Cal-Bay's management of the current market value of the properties listed in the June 30, 2006 report and not the actual purchase price of the properties which is required by the accounting practice to be the reported value as shown in the quarterly report.
Cal-Bay management has outlined their opinion of the property's approximate market value based on current comparisons and is shown along side the reported value.
Property Reported Value Cal-Bay Market Value Aspen Cove Resort $2.6 M $5.0 M Valley Lane, NV $0.25 M $0.33 M San Francisco $2.65 M $3.3 M Seogerville, TX $1.5 M $1.5 M Chapel Downs, TX $1.2 M $1.2 M Cobs Homes $6.7 M $6.7 M Other Current Assets $2.5 M $2.5 M TOTALS $17.4 M $20.53 M Cal-Bay management's opinion of current market value for the above properties shows a difference of approximately $3.13 M which cannot be reported until the actual sale or disposition of the property.
Accounts Receivable Florida Note Receivable $14.99 M $14.99 M Cal-Bay management's opinion of this account receivable is that the amount due to Cal-Bay on the note is significantly increased since first reported in 2005 and is reported in the June 30, 2006 quarterly report as an increase in profit.
Projected Future Revenues
Cal-Bay management's projected revenues on the following fully developed properties within the current portfolio.
All values are projected by Cal-Bay management, and are based on current market comparisons.
Property: Developed Value Gross Profit (Revenue) Aspen Cove: 21 Luxury Vacation Homes $15.0 M $9.0 M San Francisco: Condos $17.9 M $9.87 M Total From Above Developments: $32.9 M $18.87 M Projected time to Completion 2006/2008 CALBAYINTERNATIONAL.com COBSHOMES.com 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.
Cal-Bay International, Inc. Tim Garlin, 760-930-0100 Fax: 760-930-0200 IR*calbayinternational.com www.calbayinternational.com Copyright Business Wire 2006
Posts: 56 | Registered: Aug 2006
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CARLSBAD, Calif., Oct 26, 2006 (BUSINESS WIRE) -- Cal-Bay International, Inc. (CBAY, Trade) announced after diligent review of the NOBO (notice of beneficial ownership) list the company is today instructing the company's transfer to notify in writing all shareholders who own Cal-Bay common and Preferred "B" shares of the mandatory certificate exchange and the necessary procedures along with the deadlines to effect the exchange.
Cal-Bay's Board of Directors announced the mandatory exchange after careful review of the NOBO list and in conjunction with the recent "Short List" publication by NASDAQ of Cal-Bay's short sell position.
Cal-Bay's Board of Directors commented, "this is an expensive way to try and combat the obvious short position, but in the interest of the Shareholders, Investors and the Company it became a necessary decision. The company will not disclose the terms of the exchange publicly as authentic holders of the company's stock will be notified in writing by the transfer agent along with the exchange procedures and deadlines".
-------------------- It is better to be thought a fool than to speak and remove all doubt. Posts: 357 | From: Minnesota | Registered: Jun 2005
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This is sad what the shorts did to this stock. They really are a good company and you can see that as soon as the shorts losen up pressure this think goes right up. The question is can we see .16-.20 again? Before all the changes?
Posts: 57 | From: MD | Registered: Sep 2006
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CARLSBAD, Calif.--(BUSINESS WIRE)----Cal-Bay International, Inc. (OTCBB:CBAY) Announced Cal-Bay's Board of Directors announced the company had submitted 11.25 Million shares of Cal-Bay common stock to the company's transfer agent for cancellation.
Cal-Bay's Board of Directors commented, "This is the first batch of shares to be cancelled within the program and other cancellations are due in the very near future."
Cal-Bay implemented the program in an effort to reduce the "short position" in the company's tradable stock.
Cal-Bay has implemented a mandatory certificate exchange of the common and Preferred "B" shares as an additional measure to help combat the "short position."
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, 760-930-0100Fax: 760-930-0200IR*calbayinternational.comwww.calbayinternational.com
Posts: 234 | From: Poughkeepsie NY | Registered: Jun 2004
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