Georgi Kamburov

Cal-Bay International, Inc. (OTCMKTS:CBYI) Recovers on Strong Volume

by Georgi Kamburov September 11, 2013
BCYIchart.pngThe stock of Cal-Bay International, Inc. (OTCMKTS:CBYI, CBYI message board) has been getting some unprecedented attention and in the last three weeks has risen by more than 1600% effectively leaving the triple zero territories they have been occupying for more than 2 years. Yesterday they closed at $0.0033 but the biggest surge happened last Friday when the ticker nearly doubled in price rushing upwards by 94% on a traded volume of 350 million shares.

The poor performance of the company's stock is to be expected when they are in the OTC Pink No information tier and are branded with the STOP sign by OTCMarkets. They haven't filed a single financial report since the annual results for 2011. And back then they had:

  • $3758 cash and total current assets
  • $400 thousand total current liabilities
  • $6540 revenues
  • $2400 net income

Although the bottom line was positive we can't possibly say that the numbers are enough to inspire confidence in their business plan. Especially when you factor in that currently CBYI are sitting at 3 BILLION shares outstanding out of the 4 billion authorized.

All the enthusiasm that propelled the company upwards was the August 13 announcement that confirmed the execution of the agreement with Cambertire, a developer and manufacturer of tires using the camber tire technology. Their products offer improvement in almost every aspect compared to the traditional tires. Still the statement from their CEO that in 5 years gross sales and licensing are going to exceed 1 billion may be going a bit too far.

According to the agreement CBYI should undergo a name and ticker change and more importantly become current in their filings. The new reports should be made public by the end of the week. For now they remain a risky stock to bet on. Today the GSATchart.pngstock is 15% down which is to be expected after such a remarkable rise. Doing your due diligence should precede any decision you make regarding BCYI.

Globalstar, Inc. (OTCMKTS:GSAT) managed to sustain their price level after the surge from Monday and yesterday closed at $0.89. They aren't that lucky today though and plummeted downwards. Nuvilex Inc (OTCMKTS:NVLX) also closed in the green but today the ticker is going 5% down in early trading sitting at $0.144.

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