$$ Cal-Bay, nun ein Kauf? $$
Cal-Bay Announces Stock Buy-Back Program of Common Shares Effective Immediately
Wed Sep 27 10:29:19 2006 EDT
CARLSBAD, Calif., Sep 27, 2006 (BUSINESS WIRE) --
Cal-Bay International, Inc. (OTCBB: CBAY) announces the launch of a common stock buy-back program effective immediately.
Cal-Bay's Board of Directors today announced the company will commence the repurchase of the company's common shares from the open market effective immediately and retire the shares permanently. This program shall remain effective through October 31st, 2006, and will be reviewed by the Board of Directors after that date.
Cal-Bay CEO Roger Pawson commented the opinion of management is there is a significant short position in the common tradable shares which has caused a large downward pressure on the stock value. There has been no recent significant increase in the conversion of restricted to freely tradable shares available to the market which has further convinced Cal-Bay management of the obvious increase in the stock's short position.
The company will publish the results of the Buy-Back and total number of shares cancelled upon completion of the program.
Cal-Bay will be filing an 8-K statement to confirm the Stock Buy-Back announcement.
FORWARD-LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties.
The Company assumes no obligation to update any of the forward-looking statements in this release.
SOURCE: Cal-Bay International, Inc.
Cal-Bay International, Inc.
Tim Garlin, 760-930-0100
Fax: 760-930-0200
IR@calbayinternational.com
www.calbayinternational.com
By Jay Everitt, jeveritt@knobias.com
Cal-Bay International, Inc. (CBAY) announced after diligent review of the NOBO (notice of beneficial ownership) list the company is instructing the company's transfer to notify in writing all shareholders who own Cal-Bay common and Preferred "B" shares of the mandatory certificate exchange and the necessary procedures along with the deadlines to effect the exchange. Cal-Bay's Board of Directors announced the mandatory exchange after careful review of the NOBO list and in conjunction with the recent "Short List" publication by NASDAQ of Cal-Bay's short sell position.
Cal-Bay's Board of Directors commented, "this is an expensive way to try and combat the obvious short position, but in the interest of the Shareholders, Investors and the Company it became a necessary decision. The company will not disclose the terms of the exchange publicly as authentic holders of the company's stock will be notified in writing by the transfer agent along with the exchange procedures and deadlines".
Du solltest mal den Link dafür reinstellen
weil die Leute die damit nicht so vertraut sind
sich ein Bild machen können
wie bewertest Du den Um-oder Austausch ???????????
Zum Orderbuch.
www.otcbb.com . Dann Kürzel eingeben. Auf Depth/LII klicken und dann sieht man das Orderbuch.
Zudem am 31.10 noch ein Buyback hinzukommt!
Gute Gewinne heute!
Greets BAsti