Cal-Bay International, Inc. (OTCMKTS:CBYI)’s Decent Close of The Week

Even though the situation around Cal-Bay International, Inc. (OTCMKTS:CBYI) remains shady it seems that there is still investor confidence in the company’s stock. This was evident in Friday’s trade session, which had a positive outcome for the ticker.

The lack of updates on the current financial situation in the company didn’t stock the stock from gaining a few cents in the last trade session before the weekend. It all started with a dumping in the beginning of the session, which brought the price down, but as soon as the heavy trading stopped the ticker regained its value and continued to move in an upward direction.

By the end of the session it had gained 13.33% to its value moving from $0.0015 to $0.0017. The amount of shares that switched hands in the end of the day came to 222 million, which helped generate a total trade value of $356 thousand.

CBYI didn’t stand up to their words, as the financial report that they said they were going to upload by the end of the week didn’t come. Today they came out with a statement that they have actually applied for a subscription to their OTC Disclosure & News Service in order to be able to post relevant company information publicly.

It seems that investors are not disturbed by the delay and the claims that they are going to get things and running as fast as they can and CBYI‘s stock is doing good in today’s session. In just an hour and a half they reached a peak of $0.0025, but are now only 11% up, priced at $0.0019 with a hefty 81 million traded shares.

Only time can tell where will the ticker go from here, but until they make their financials publicly available be sure to do a lot of due diligence and weigh out the risks.