Cal-Bay International, Inc.(NDA) (OTCMKTS:CBYI) In Need of Attention
The stock of Cal-Bay International, Inc.(NDA) (OTCMKTS:CBYI) was barely traded until a few weeks ago when the company started coming out with promising press releases that generated a lot of hype. After the shady situation of the company got a little clearer, however, we see that the ticker is not doing so good and is struggling for attention.
This was most evident in Thursday’s and Friday’s sessions after CBYI finally uploaded the updated financial information and it became publicly available in the OTC Markets. Nothing much has changed since 2011, just as expected and the people started pulling away from the ticker.
We can say that Thursday’s session went better than Friday’s as the stock registered no movement in value and kept a price of $0.0019 per share. The volume was much lower than the one from the previous sessions, but still, the 98 million shares that switched hands managed to generate $184 thousand in trade value.
Friday’s session went worse as CBYI lost 21% of their value. There were barely any trades going on and the whole session was quiet. This didn’t stop the ticker from sliding down and it closed the day with a price of $0.0015 per share and a total of 47 million traded shares, that helped generate a trade value of a mere $77 thousand.
The company also had to provide short selling data after several investor inquiries about an alleged case of “naked shorting”, which is the illegal practice of short selling shares that have not been affirmatively determined to exist. Even though it is illegal it is still continuing to happen due to discrepancies between paper and electronic trading systems and various loopholes in the rules and there were things that needed to be cleared up about that.
Furthermore, we see the name of Roger Pawson in the latest report, listed as being in a control position by way of preferred stock holdings, who is dubbed by many “#1 con artist” after being credited with the “invention” of Biocentric Energy Holdings, Inc. (OTCMKTS:BEHL)’s CEO, Michael Burton and the whole story of the company that is now scraping the floor of the charts. We wrote more about this in our previous article about CBYI.
Anyway, the ticker remains very risky and we have serious doubt that the company’s managemant have any business plans apart from selling company stock. You might consider a speculative play, however, we wouldn’t advise you to do that with the current loss of investor interest.
One of the most interesting stocks, which commands great investor interest in the OTC Markets currently is that of Pacific Clean Water Technologies, Inc. (OTCMKTS:PCWT), who have quite big percentile movements on volumes that generate trade values of up to $15 million in a single trade session. On the other hand Provectus Pharmaceutical, Inc. (OTCMKTS:PVCT) is gathering momentum in an upward direction and the volumes of traded stock are also generating decent dollar volume sessions.
