posted
November 27, 2006 09:41 AM Eastern Time Cal-Bay International Announces Late Filing Statement
CARLSBAD, Calif.--(BUSINESS WIRE)--Roger Pawson, President & CEO of Cal-Bay International, Inc. (OTCBB:CBAY), announced today: “Cal-Bay’s quarterly report for the period ending September 30, 2006 will be filed late this period. The company has received comments from the Securities and Exchange Commission requesting the previous filings include an audit and financial statement on each individual property acquisition, therefore Cal-Bay is complying with the request and will file the necessary amendments as soon as possible, and will further file the September 30, report to include the revised property audits in order to stay in full compliance with the SEC guidelines.”
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. Contacts
posted
I have seen many shady penny stocks, I have talked to them personally many times and you can check my post I have followed them for a while. This stock will be back up to 10-15 20 cents a share. They are doing everything to combat the shorting, NOBO list, buyback, what more would you want!
posted
I think there's some more in this stock to be had . I'd just sit on your stock right now and wait . I wouldn't buy anymore unless you are comfortable with the PPS as it sits .
-------------------- ----- Game Over -----
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posted
Read from another board that a $14M settlement in CBAY favor, along with talk of filing 10Q before extension up. Also a few more PR's on the way about acquisitions within month.
All this is unverified by me. Do your own DD. Don't rely on my posts.
posted
looks very promising from these levels. If in fact they do have a settlement and more acquisitions on the way, this will fly from these levels. JMHO I'm in at .043 and .045. might even gap in the morning...
-------------------- Success is having the time and money to enjoy all of life's wonders...
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posted
can someone fill me in on why this has dropped from .25 to these levels in only a few short months? According to the CEO the assets alone should have us trading around .25... I'm still digging and researching, just didn't know if anyone who has been in this awhile had any answers.
-------------------- Success is having the time and money to enjoy all of life's wonders...
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posted
According to today's PR, the CEO is reporting their property portfolio is now in excess of $100 million with equity of $40 million, and will be reflected in the upcoming 10Q (which could be released anyday). According to the companies PR dated Nov 16, they had an O/S of 78 million shares, 103 million class B shares, and 9.5 million shares awaiting cancellation, bringing the approximate number of shares outstanding to 172 million. Now, if you divide the companies asset equity of $40 million by the O/S of 172 million you get a book value of $0.23 for each share of CBAY. Even if you only use a multiple of x2 you still get $0.46 which is a 1000% gain from today's closing price of $0.046. This is a no brainer IMO, I'll be buying first thing in the morning. Once they file the 10Q and release a PR with those numbers this will fly... GLTA
-------------------- Success is having the time and money to enjoy all of life's wonders...
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posted
I don't think this was posted, but this was what the company released today. Read the last sentence of the PR and you'll understand why we closed up today. My last post breaks down what this means to the pps!!!!
CARLSBAD, Calif., Nov 28, 2006 (BUSINESS WIRE) -- Cal-Bay International, Inc. (OTCBB:CBAY) wishes to issue the following clarification to its release, BW5522, (CA-CAL-BAY-INTL) "Cal-Bay International Announces Late Filing Statement" issued Monday, Nov. 27, 2006: Cal-Bay President & CEO, Roger Pawson Today Stated: "There seems to be some confusion regarding yesterday's press release announcing the requirements for an Audit on each of the company's property assets, I would like to clarify that Cal-Bay itself is not being audited by the Securities and Exchange Commission, the regulations require that any publicly traded reporting company must file an audited 8K statement when acquiring any real estate asset, therefore Cal-Bay was requested to amend the company's filings to include audited statements on each of its property assets and Cal-Bay is currently in the process of completing the necessary audits in order to stay in full compliance with regulatory requirements". The Company President & CEO further commented, "Regarding the share structure of the common tradable shares, we have received a number of calls regarding the market capitalization of the company and its common share structure and based on the closing market price as of Monday November 27, 2006 the common share market capitalization would be in the region of $5M. I would like to clarify the company's property portfolio is in excess of $100M and the equity portion is in excess of $40M".
-------------------- Success is having the time and money to enjoy all of life's wonders...
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Cal-Bay International to Close Escrow on 20.6 Acre Land Acquisition in Bonita, Southern California Wednesday November 29, 1:11 pm ET
CARLSBAD, Calif.--(BUSINESS WIRE)--Cal-Bay International, Inc. (OTCBB:CBAY - News) today announced the company is in the final stages of closing escrow on the 20.6 acre land parcel in Bonita, Southern California.
Cal-Bay's Board of Directors today announced the escrow agreements were in the final stages of completion and filing of the documents is expected to take place within the next week.
The Bonita property located in South San Diego County is a premium development property for 15-18 Ranch Style Luxury homes, which should range from $1.3 - $1.8M each in value when completed. Construction is planned to commence in early 2007 and will be developed by Cal-Bay Subsidiary, COBS Homes, LTD.
Cal-Bay is currently in the process of updating the company's website.
CALBAYINTERNATIONAL.com
TLCOSOFTWARE.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.
Contact:
Cal-Bay International, Inc. Tim Garlin, 760-930-0100 Fax: 760-930-0200 IR*calbayinternational.com www.calbayinternational.com
posted
Hope more jump on. Spread the wealth around and move up. That's the idea. Very interested to see the 10Q numbers when its released. Stay tuned.
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Our system posted a BUY CONFIRMED today. The previous SELL recommendation was issued on 11.17.2006 (12) days ago, when the stock price was 0.0620. Since then CBAYE has fallen -18.23% .
BUY-IF is confirmed by a white candlestick with a lower open and a higher close. The buying price is the previous close ( 0.0460 ) according to the Rules of Confirmation.
The recent bullish formation leading to the BUY-IF signal is confirmed today. The market is ready for a new bullish move. Though the market opened lower today, the day’s activity created a white candlestick that closed above the previous close. This is a valid confirmation criterion.
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quote:Originally posted by Baxt06: Nice work by the MM's. 33k shares traded and down 11%. what a joke...
yup, that's what they do best. LOL. Yesterday was almost all buys with 2 million in volume and they still kept a lid on it. IMO they are trying to scoop up cheap shares from weak hands before these numbers come out...
-------------------- Success is having the time and money to enjoy all of life's wonders...
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