Cal-Bay International, Inc. (OTCMKTS:CBYI) Turns Sour
The demise of Cal-Bay International, Inc. (OTCMKTS:CBYI) was expected judging by the people involved with the company. The outcome is disastrous and we bet that people who were fooled in a long-term investment are pretty angry now.
It all started more than a month ago when CBYI commenced issuing extremely optimistic press releases about a name and symbol change, following a merger with Cambertire LLC. The stock literally exploded and started gathering momentum in an upward direction until people started paying attention to all the red flags.
As we mentioned in one of our previous articles about CBYI, a certain Mr. Roger Pawson was listed as “being in a control position by way of preferred stock holdings”. This was the biggest red flag, because Mr. Pawson is dubbed by many as “#1 con artist” and played a big role in the “invention” of Biocentric Energy Holdings, Inc. (OTCMKTS:BEHL)’s CEO, Michael Burton, who turned out to be a ghost.
It seems that CBYI are following in the footsteps of BEHL after the disastrous crash that followed the blog post by John Scott, President of Cambertire, announcing a rescission of Cambertire’s agreement with CBYI. This led to CBYI‘s stock losing a hefty 83% in value in Monday’s session, while a whopping 1.89 billion shares switched hands.
CBYI is trying hard to hold some investor interest and they are claiming that they are working on several other acquisitions. However, let’s not forget the dreadful financial report that they updated and uploaded after a 2 year period of not filing any reports. Looking at the numbers no one can find a way that CBYI will acquire anything more than a hot dog stand.
The company is currently hovering between $0.0001 and $0.0002 per share. There are still some people that are touting it around investor forums, but that’s done with only one purpose and that is to shed their holdings with a smaller loss.
The situation is simple and we would be out of our minds if we don’t advise you to stay away from CBYI and any other Roger Pawson venture, because all investors have seen from him and the companies he has led by now are holes in their pockets.
