A Good Start of The Week for Cal-Bay International, Inc. (OTCMKTS:CBYI)
Despite the empty promises from Cal-Bay International, Inc. (OTCMKTS:CBYI) that they will upload the updated financials of the company from 2011 to current by the end of last week they managed to close in the green on the final session before the weekend.
This week started off rather good as well, with a press release that came out just minutes before market open yesterday, this time stating that CBYI have applied and paid OTC Markets for a subscription to their OTC Disclosure & News Service. This is done in order to allow them the publication of relevant company information such as, acquisition information, share structure and financials.
This gave investors some confidence and the ticker closed yesterday’s trade session with a 23% gain in price going from $0.0017 to $0.0021. The amount of shares that had switched hands in the session was lower than the previous’, but still a bit higher than the stock’s average, with a total of 138 million, that helped generate a trade value of $298 thousand.
What was intriguing was the fact that even though CBYI claim that they have applied and paid for the above mentioned subscription we can’t find any trace of it. We thought that the application would be visible at the Filings and Disclosure section of their OTC profile, but unfortunately we couldn’t find it. Let’s not forget the empty words with which they lured investors in the beginning of last week and the fact that they didn’ stand up to what they said.
We are seeing the effect of their empty promises in today’s trade session. After they gapped down and opened at $0.0019 per share, they dropped one more step down and have to this moment lost 14% of their value with a current price of $0.0018. Trading is also low and can’t compete with the previous session’s.
All in all CBYI remains a risky stock so be sure to stay away from them until any definitive news come from the company and we can see some numbers.
On the other hand we see Globalstar, Inc. (OTCMKTS:GSAT) and PacWest Equities, Inc. (OTCMKTS:PWEI) in the top of our list, in terms of trade value, with $8.1 and $6.38 million respectively.
