Last Fall CBAY came back to life when an insider reported buying big chunks of company stock. The stock soared as it came under tremendous buying pressure. The stock then faded away and has been without a bid for some time.
Currently the stock still does not have a bid, but if yesterdays volume was any indication, the stock is once again coming back to life. A recent update on PinkSheets shows the float as 3 billion shares, quite a high number but certainly not insurmountable. Actually many companies have seen their stock rise above $.01 with just a bloated share count. The question would be here is interest - and if the Pink Sheets up date is indeed correct than this stock could have a bid shortly.
http://pennystockgurus.blogspot.com
http://www.pennystockforums.net
CBAY Part II Tomorrow AM.
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