It was a pretty eventful day at Cal-Bay International Inc (OTCMKTS:CBYI) yesterday as the company made a major announcement with regards to its operation and that led to a strong rally in the stock as well.
On Tuesday, the company announced that it was expanding the scope of its operations as a holding company by expanding into digital assets, medical technology and also a philanthropic foundation. The philanthropic foundation in question is going to support a range of causes in the United States as well as around the world by way of digital asset technologies.
The news came as a boost for the Cal-Bay stock and it went up by as much as 10% as investors flocked to it. However, that was not all. Cal-Bay also announced that it was going to set up an advisory board which will be responsible for identifying organisation which are working on welfare programs and might need to use the digital asset technologies that are provided by the company.
On the other hand, the company will also be launching a new redesigned website which will give a better idea about the current direction of the company. The stock is likely to be in focus this morning.