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  • CBYI  0 comments
    Oct 10, 2013 3:45 AM | about stocks: GOOG

    Cal Bay International Inc(NDA)(OTCMKTS:CBYI) earlier trading flat along the market grounds got ignited all of a sudden in the month of September, hitting its highest of $0.005 per share in one go. Since then the stock had been soaring trading in massive volumes. However the activity of the stock did decline greatly, presently valuing around $0.002 per share, yet trades in explosive volumes around 250 million shares on average. Despite going low for whiles, the stock is still present in investors' watch list.

    Anyhow, investment for longer terms has always been a bad idea, and same goes for CBYI, as the massive trading probably shows dumping of shares before it goes too low. Earlier, by the end of August Company released a fluff Press Release regarding its name and symbol change along with its merger with Cambertire LLC.

    After this news, the stock went into an explosion, gaining momentum it climbed upwards, until people paid attention towards the red flags. The CEO of the company known to be as Mr. Larson Coleman is a huge debated figure who is suggested as fictional by many, which can be a reason of Mr. Roger Pawson listed as "being in a control position by way of preferred stock holdings", the main red flag!

    According to a source in many investor forums, Mr. Roger Pawson is called "#1 con artist" as he is also known to be inventing CEO of Biocentric Energy Holdings, Inc. (OTCMKTS:BEHL), Michael Burton who turned out to be a ghost figure later on. And now many suggest that CBYI is facing the similar situation.

    CBYI is struggling its best to keep investors by its side, as its latest news announce the company working on several acquisitions but one cannot ignore the company's grim fundamentals filed after two years. The financials for the quarter ended June 30, 2013 showed the company holding cash around $2,560 along with total current assets of $2,560. The company has liabilities of $125 thousand with zero income and net loss of $37.5 thousand.

    Conclusion:

    CBYI trading around a market valuation of $478,000 is struggling to keep up with its investors, which seems nearly impossible now. Keeping in view the company's financials, looking at such numbers, we wonder what several companies could be acquired unless they are more or less valuing around a hotdog stand!

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Additional disclosure: supersmartstocks.com

    Themes: super smart stocks Stocks: GOOG
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