Back on August 18 Cal-Bay International Inc (OTCMKTS:CBYI) released a corporate update but it did not go down particularly well with the investors and that was evident in the price action in the stock. The Cal-Bay stock declined by as much as 17% last week and it might be a good move for investors to take a closer look at the update.
The company announced that it was going to provide a live stream of the Annual Shareholder call on its website. The shareholder call, that was going to be hosted by the company at 1 in the afternoon Pacific Standard Time, was possibly the main trigger behind the decline in the stock price.
Cal-Bay International noted that in that particular address it was going to be looking into the questions that had been sent in by the shareholders and addressing them as well. On the other hand, the company also stated that it was also going to provide an outline with regards to the state of the company and the plans moving forward. Despite the declines recorded by the Cal-Bay stock last week it might be a good move to keep the stock in your watch lists and see if it can make a recovery.
