posted
All will be righted on Wednesday, the correct 10q will be out and the stock will trade without the dreaded "e". This Will be a huge correction to the upside.
-------------------- “Money itself isn't lost or made, it's simply transferred from one perception to another."
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WOW she's fallen to the .03's!!!! I might jump in on any dip this week. it'd be nice around .031 but I dunno, she might even see the .02's next few weeks. we'll wait N C http://stockcharts.com/h-sc/ui?c=cbaye
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Another option - if filing done before market opens it has a gap up opening around the mid .04's due to MM's knowing what has transpired and would like to sell higher.
Roger Pawson stated, "This is Cal-Bay's largest single acquisition and will be developed by Cal-Bay subsidiary COBS Homes LTD. The entire development time to completion is projected to be 3 years, and based on current market valuations for the area the property is expected to generate $400M in sales and net in excess of $100M to the company. This project will also create a significant number of new jobs in the Louisiana area." Roger Pawson further stated, "The Company is currently in negotiations with one the nation's largest retail construction product suppliers for this project and funding for the project has been secured."
This statement from a independant source verifies Cal-Bays intentions.
But there may be a silver lining for the north Lafayette TND. A company called Cal-Bay International, a publicly traded real estate development and investment group out of Carlsbad, Calif., wants to wipe the slate clean and do its own TND at the site. The Cal-Bay executive is convinced his company’s Lafayette project would be a huge success. Though he would not disclose how much Cal-Bay will pay the Bullers for their 177 acres, he says it’s at least double what they would have received under the original deal with Royston’s group. Cal-Bay also plans to purchase and preserve the historic home, which remains fully furnished and is in pristine condition, as part of its project
posted
There may be a PR issued on Tuesday that relates to the 10Q
Supposedly it is some clerk's fault at Edgar why the 10Q isn't out - so if the numbers are audited, and they were supposed to be released via SEC filing on Friday, where was the corraborating PR?
All this stock needs is the filing along with forward guidance. The filing itself should help stabalize the PPS, but what is said about next year will make or break us (that is if we get the filing on 12/27) Maybe the announcement of more shares being canceled would help. Since many are calling for the real estate markets to bottom in 2008, the smart money will be investing in RE in 2007
Buy when the sellers are panicing. Sell on strong demand - gee, penny stock investing sounds just like investing in RE - oh, I am a licensed realtor in Florida
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Cal-Bay Opens Escrow for Acquisition of Premium Development Property in Oceanside, Southern California
CARLSBAD, Calif., Dec 26, 2006 (BUSINESS WIRE) -- Cal-Bay International, Inc. (OTCBB: CBAY) announces the opening of escrow for the acquisition of a premium property parcel in Oceanside, Southern California.
Cal-Bay's Board of Directors today announced the company entered in to the contract for the purchase of the property in Oceanside, California for $1.3M, in all cash and financing transaction.
The property is in the final stages of planning and permitting for the construction of a Three Unit Luxury Condominium complex in a rapidly appreciating area of Oceanside, Southern California, which on completion is expected to be valued in excess of $3M.
Cal-Bay is currently in negotiations for several other Residential and Commercial development properties.
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
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