Cal-Bay International, Inc. (OTCMKTS:CBYI) Still Dropping in Price

After the promising run that Cal-Bay International, Inc. (OTCMKTS:CBYI) made, sparked by the August 13 news of the agreement with Cambertire LLC, who developed and manufacture tires using the camber tire technology the company’s stock started falling in price.

It can get even worse, because today is the final day of the week and remember what they said they will do by the end of this week? Yes, if you have followed CBYI you would know that in Monday they issued a press release stating that they have updated their financials from 2011 to current and will be uploading them to the OTC Markets until the end of the week.

We don’t know how long exactly it takes to upload financials in the OTC Markets, but we reckon it doesn’t take 4 days to do this simple task, especially when you claim that the report complete and just needs to be uploaded.

Investors must be growing eager, because this week can’t be called exactly successful for the stock of CBYI. Yes, they did recover some of their value in Tuesday’s session, but the percentile movement was small compared to their losses.

Yesterday the ticker recorded it’s biggest loss since it started dropping in the charts on the highest volume of traded stock since the beginning of the year. CBYI lost exactly 40% from their value and dropped from $0.0025 to $0.0015, while a total of 401 million shares switched hands, generating a total trade value of $605 thousand.

The total loss for the week comes at 57%, which isn’t very good for the people that bought at the peak. Today’s session for now is going well as the price is 13% up at $0.0017, but a correction is possible in the final hours of the day if they don’t stand up to their words and keep the company’s financial data to themselves.

All in all, they still remain a shady stock and everyone is eager to have a look at the report that they will file. The most probable outcome from the delay will be a further loss in price, but the same can happen if the numbers contained in the report aren’t painting a bright picture. Be sure to stay away for now, or do a lot of due diligence and be prepared to take a great risk if you have your mind set on investing in CBYI.

There were 2 companies in the top of our list, which generated the biggest trade values yesterday and they were PacWest Equities, Inc. (OTCMKTS:PWEI) and Alkaline Water Company, Inc. (OTCBB:WTER), who registered $37 million and $5.3 million in dollar volume, respectively.