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| Penny Stock Forum Penny Stocks are low-priced issues, often highly speculative, selling at less than $5 a share. Penny Stocks are traded on pink sheets and the OTCBB |
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09-21-2007, 12:11 PM
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Pink Sheet Stock
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Join Date: Jul 2007
Posts: 83
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CBAY - Cal Bay International
Current Outstanding Shares on September 17th, 2007 According to CBAY, the SEC, and Pink Sheets - 41,235,548
Current Float According to SEC filing (below) on September 17th, 2007 - 4,235,548
CEO recently purchases 197,000,000 of CBAY common stock for $19,700
September 19th, 2007 CEO Purchases 60,000,000 Shares http://www.pinksheets.com/edgar/GetF...lingID=5434994
September 18th, 2007 CEO Purchases 100,000,000 Shares http://www.pinksheets.com/edgar/GetF...lingID=5432669
September 4th, 2007 CEO purchases 37,000,000 Shares http://www.pinksheets.com/edgar/GetF...lingID=5414059
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09-21-2007, 12:15 PM
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Pink Sheet Stock
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Join Date: Jul 2007
Posts: 83
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Re: CBAY - Cal Bay International
I am very surprised that there isn't a thread on this already. There is a lot of hype going around for this stock.
Here is the scoop: new CEO appointed a couple weeks ago. Old CEO Roger Pawson has been terminated. New CEO buys 197 million shares. There is plenty of talk about naked short selling, in which event this will make for a great short squeeze candidate.
If CEO plays his cards well we may be in for a hell of a ride.
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09-21-2007, 12:49 PM
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Re: CBAY - Cal Bay International
be careful with this one.. is one that came highly recommended by one that i fairly trusted and i didn't check out but was told that if it didn't fly then person wanting me to buy would reimburse me , which i should maybe check out now to see if he will hahaha.. anyway - unless shares were retired, last i heard there were billions and the pps (triple 0) trading patterns seems to indicate this is the case so am not so sure i would trust pinksheets numbers....
adding - just checked sec and looks like o/s numbers being used are from last 10Q which were numbers from last year....
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09-21-2007, 07:33 PM
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Stock Market Newbie
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Join Date: Sep 2007
Posts: 9
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Re: CBAY - Cal Bay International
Looks like this new CEO is putting his money where his mouth is. Just picked up a billion shares today. Lucky guy gets to pick them up at .0001
http://www.form4oracle.com/company?c...26&ticker=cbay
I was a little too hesitant yesterday after some of my experiences with CBAY in the past to pick some up as the bid was coming back. Should have played on my instincts.
btw fireopal... just out of curiosity did the person you trusted have a handle that started with the letter k? and was it the same person that recommended hvln?
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09-21-2007, 07:53 PM
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Re: CBAY - Cal Bay International
rotfl.... yep it did start with a k and he got me into that h one too... really am a guppy but in all fairness, i didn't go in big b/c i was testing him out like i do with all and he failed big time.... fortunately, another that i really trust came through with a real nice pick that more than made up for losses and then i came through for him when he took a hit on another stock so it all works out - just have to weed through the massive amount of pumpers that are out here is all lol...and hey - it's not too late you can still get more of this stock if you want and i did think about averaging down but the last thing i want is more of this and maybe one day it will actually see .15 cents without doing a r/s that is if there are billions out here....
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09-21-2007, 09:49 PM
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AMEX Stock
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Join Date: Jul 2007
Location: In the South, down in Louisiana
Posts: 559
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Re: CBAY - Cal Bay International
I couldn't help myself... I simply had to take a small position here. Couldn't make myself do it yesterday so had to buy high! .0002 here is hoping the new CEO has a great new direction.
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09-21-2007, 10:06 PM
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Super Moderator
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Join Date: Jul 2007
Posts: 1,139
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Re: CBAY - Cal Bay International
I'm not understanding the O/S on this either. Last I new it was in the billions. Now people are taughting it throughout forums as only having 4 million in the float. Plus CEO is being reported as buying millions or even billions of shares. Where are these shares coming from if the o/s and float is so low? Doesn't add up to me. Anyone, feel free to enlighten me.
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09-21-2007, 10:18 PM
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Stock Market Newbie
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Join Date: Sep 2007
Posts: 9
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Re: CBAY - Cal Bay International
Did anyone have shares of this before Sept 17th? Appears there was a forward split of 1 to 1000 on Sept 20th.
http://pinksheets.com/edgar/GetFilin...lingID=5430925
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09-21-2007, 10:47 PM
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AMEX Stock
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Join Date: Jul 2007
Location: In the South, down in Louisiana
Posts: 559
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Re: CBAY - Cal Bay International
Quote:
Originally Posted by droll7
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Well that answers the question about the differential number of shares.....
Forty-one Billion, two hundred thirty-five million, five hundred forty-eight thousand shares ~41,235,548,000~
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09-21-2007, 11:18 PM
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Re: CBAY - Cal Bay International
oh boy can't wait to have even more of these shares showing up in my account lol
and klipper real good point there b/c no way anyone could be buying the mega amounts that have been bought unless the o/s is HUGE... think pinks just used old info from sec when they updated and will probably update again when next filing comes...
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