posted
Looks like resistance at .62. Lets break through that!!
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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posted
CBAY -- Cal-Bay International, Inc. Com ($0.001)(New)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Cal-Bay Retains Prominent Los Angeles Law Firm to Help Combat Short Trading of the Company's Stock
CARLSBAD, Calif., Jun 02, 2006 (BUSINESS WIRE) -- The Board of Directors of San Diego-based Cal-Bay International, Inc. (OTCBB:CBAY) today announced the Company retained prominent Los Angeles Law Firm Richardson & Patel to help combat the short trading of the company's stock. Roger Pawson, President and CEO, commented, "Cal-Bay has retained Richardson & Patel to help combat the obvious short position in the company's tradable stock. Since the recent financing there has been a significant increase in the daily volume along with a dramatic downturn in the stock price. The Company has been trading an average of almost twice the amount of shares in the float on a weekly basis, which in my opinion uncovers a significant short position in the stock. Cal-Bay has been listed on the official NASDAQ short list and is in communication with regulatory authorities."
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: Tim Garlin Public Relations Tim Garlin, 760-930-0100 Fax: 760-930-0200 IR*calbayinternational.com www.calbayinternational.com
Copyright Business Wire 2006
-0-
KEYWORD: United States North America California INDUSTRY KEYWORD: Government Law Enforcement Professional Services Legal Communications Public Relations/Investor Relations SUBJECT CODE: Lawsuit
Search for Dun & Bradstreet reports on this company.
posted
It means that they are complainig to the SEC about shorters messing with their stock. They think that the price should be much higher than it is.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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posted
OK 6 buys at .60 come through in a row so they DROP THE ASK??????? Does that make sense to anyone????
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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posted
I asked all the members on the other board about that PR. This is one explaination I received.
Cassity-It is fairly common practice for the "naked short selling" of pennies.
It is a huge problem for most investors to have to overcome. If a stock is shorted it is almost impossible for the investor to make a profit. In a nutshell short selling a stock is accomplished by basically selling stock that is not in hand.
If I was a MM (market maker) and you were a broker and you called me up for an order of 1000 shares of WXYZ stock, I would be obligated to sell your the shares whether or not I had them. If I declined to sell you the shares, you then could either tell your client, "I cannot get you the shares" or the more likely situation you would move on to the next MM. If I did indeed sell you the shares, which in this situation I did not have in my possession, that is what is called a short. I sold you a stock that is not in my possession. Now I have to cover, which means now I have to rely on someone selling 1000 shares of WXYZ stock in order to balance the market.
What this press release is saying is that more shares are being sold than what is in the float. Say there are 1000 shares in the float, that means only 1000 shares can be sold. Once the float is gone there is nothing more to sell. In this situation shares are still being sold, ignoring the fact that the float has been consumed.
Therefore red flags are flying everywhere calling for a review, bring on the lawyers. Every transaction is recorded, the MM who sold the stock has their name written down on that transaction. Therefore if this goes to court that MM will get a phone call. More and more small businesses are pointing this problem out, which is a good thing for us.
Here are a few more links with more details than what I can provide:
Hope this helps some. There are a lot of other good folks around here to that have a wealth more information/experience than I got. Just hang out and read as much as you can. Don't be afraid to ask questions.
quote: It means that they are complainig to the SEC about shorters messing with their stock. They think that the price should be much higher than it is.
Hey, what a coincidence...so do WE!
Jo
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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posted
Every Pink or OTC Company complains about this eventually.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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posted
im still in, i bought some more today when it dipped. Looks like its steadily increasing today, thats a good sign.
Posts: 345 | Registered: Apr 2006
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posted
I am definitely in this bad boy. I am hoping for an EOD .60 at least.
I had to go and start a new thread about DKGR, which is waiting on some big news. I got in at .11 and its already .13.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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posted
.58's not bad. The thing is that this stock survived the Momentum traders, as it has in the past. The MOMO traders come in and run it way up high and then crash it, usually this forces a stock to totally bottom out and be worthless for months (at least). With CBAY, the MOMO traders come and go and it still finds support to maintain its heights. If you take the spike up to .98 and the fall back to .53 out of the equation, then this stock is still trudging along up the hill with nice green days.
I love CBAY
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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posted
Dang, I have to sub Monday, Tuesday and Wednesday. I doubt that the Kindergartners are gonna let me have a chance to check this one during the day. I'm gonna have to set a GTC sell and hope for the best.
BUT THE GOOD NEWS IS....my reverse midas touch was GONE today. I ended in the green on both my buys today (CBAY and XKEM). Over the past month or so I've been slowly climbing my way out of my massive losses. With a few more upticks on a couple of my positions, my entire portfolio will be back in the green.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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posted
Not what I need to see today. Last week was horrible for me and I was hoping for a good week. I do think the news will come some time this week, but not sure which day. I've seen this go from this point to .70 in a couple of hours, not saying will but sure would be nice.
posted
Well, I guess my reverse midas touch was just delayed. UGH! Now it's down to just a little over where I sold it the last time. Will I ever learn!?
Gonna be patient though.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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quote:Cal-Bay Opens Escrow for Acquisition of 25 Acre Development Property in Northern California
Jun 6, 2006 11:17:01 (ET)
CARLSBAD, Calif., Jun 06, 2006 (BUSINESS WIRE) -- Cal-Bay International, Inc. (CBAY, Trade ) announces acquisition of 25+ acre development property in northern California.
Cal-Bay's Board of Directors today announced the company has entered into a contract for the purchase of the property in the Napa region of California for $1.15M.
Cal-Bay CEO Roger Pawson commented the property will be a premium development project for the company that will include a select number of California Ranch Style homes. The acquisition is scheduled to close on or before the end of July 2006.
Cal-Bay is currently in negotiations for several other large East Coast development projects.
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 E-mail: IR*calbayinternational.com Website: www.calbayinternational.com
posted
Nice day for CBAY. I hope some of you guys stocked up when it hit the skids.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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posted
yep, it looks like its bouncing around between 50 and 60 cents today. Apparently 40 cents was its bottom. It went up dramatically despite the market being down. Could today be a good day for one of its EOD spikes upward? I'm hopin so.
Posts: 345 | Registered: Apr 2006
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