It has passed some time since I have discussed a pink sheet company with a high stock volume. California-based Cal-Bay International, Inc. (CBAY.PK) focuses on the acquisition, management, and sale of real estate properties in the United States. Recently, this company have passed through several different phases of the company’s existence. First, it announced the cancellation of reverse stock split. The President of the company stated the following: “We are pleased to announce due to the obvious recent renewed support and confidence in the company and its management, it is in the best interest of the company, its shareholders and Investors to cancel the proposed reverse split of the common stock announced earlier this year. ” Later the stock volume of the company reached 400,899,346. I am not such a great investor but these events should be related.

This entry was posted on Wednesday, September 3rd, 2008 at 7:33 pm and is filed under High Volume Penny Stocks.