Cal-Bay International, Inc. (OTCMKTS:CBYI) – Destroyed After Rescission of Deal

[[tagnumber 0]]Investors have had it with the stock of Cal–bay International, Inc. (OTCMKTS:CBYI). The final drop came yesterday in the form of an official update from the management of the company. Instead of calming traders down it had exactly the opposite effect and brought on truly catastrophic results. [[tagnumber 1]]The ticker got flattened to the ground losing 83% in just one day. The stock is now back into the triple zero territory trading for $0.0003 per share. CBYI has a float of 2 billion shares and almost all of it got traded after investors, in a state of panic selling, managed to move nearly 1.9 billion shares.[[tagnumber 2]] [[tagnumber 1]]To explain the truly massive proportions of the crash won‘t be that hard. CBYI was barely traded for most of the past two years and only managed to attract the attention of the market after they announced a merger agreement with Cambertire, a manufacturer of patented automobile tires. As part of the terms CBYI was supposed to undergo a name and ticker change but as you can clearly see that has not happened and may not happen at all.[[tagnumber 2]] [[tagnumber 1]]CBYI also tried to sway investors by announcing that the company is going to remedy its OTCMarkets Pink limited information symbol by filing all the reports it has missed since 2011. On September 9 they proudly said that they expect to be in compliance with the necessary requirements to receive the Current Information status by the end of the week. More than a month later this still hasn‘t been done. The company has filed the annual report for 2011 and the quarterly report for the period ending June 30, 2013 and it contains some rather depressing numbers:[[tagnumber 2]] [[tagnumber 7]] [[tagnumber 8]]$2560 cash and total current assets[[tagnumber 9]] [[tagnumber 8]]$0 current liabilities[[tagnumber 9]] [[tagnumber 8]]ZERO revenues[[tagnumber 9]] [[tagnumber 8]]$18 thousand net loss[[tagnumber 9]] [[tagnumber 16]] [[tagnumber 1]]The final nail in the coffin though came in the press release we mentioned at the start. It officially declared that the reverse merger with Cambertire won‘t be happening. CBYI tried to put the blame on the other company by alleging that there were [[tagnumber 18]]problems with the patent claims. It is up to you to decide who is right but in the end it doesn‘t really matter. CBYI are now left with no operations and nothing to offer.[[tagnumber 2]] [[tagnumber 1]]Yesterday wasn‘t a good day for the shareholders of Cloud Security Corp (OTCBB:<a href=“http://www.thehotpennystocks.com/Stock–Quotes/?stock=CLDS“>CLDS</a>) and Bullfrog Gold Corp. (OTCMKTS:<a href=“http://www.thehotpennystocks.com/Stock–Quotes/?stock=BFGC“>BFGC</a>). Both companies slid by a fifth of their value and dropped to $0.62 and $0.24, respectively.[[tagnumber 2]]