Bayport International Holdings Inc. (BAYP)

[DragonBear]

He is talking about BAYP audited financial report..

No, the context was the preparation of the required audits for a Form 10 filing. From there an attempt to give BAYP management a PASS, by claiming it takes 18 months to generate the audit.

One should also give up on the idea of ever seeing an audit all by itself being submitted to the OTC. For example: Where is that 2011 audit BAYP claimed to be feverishly working on in 2013? It's now over 3 yrs since the 2011 calendar year ended, and 2 years for 2012. Of course they don't exist, and neither will any other audit. Which leaves good ole OTC unaudited reports. Where all of these wonderful dry hole acquisitions never have to be explained, or accounted for. An OTC filing can even pretend they never happened. Something that wouldn't quite work for a SEC filer.