Bayport International Holdings Inc. (BAYP)

[DragonBear]

Well, the price of convertible bonds may depend on the companies well being.

The "well being" is reflected in the OTC filings. And that's only the parts Porter wants to reveal. A complete list of outstanding debt notes, and conversion details doesn't seem to be in the mix anytime soon.

The price of the convertible bond is whatever price MMSM wanted to pay for it. The price MMSM offered would have been based on what ave price they believed they could get for 4M dumped shares. It's quite possible it was $20K or under. Covers what Porter paid for the P&D agreed to on the side, plus a little for Porter - call it part of his salary. If MMSM was able to unload most of the shares at 01, that would have worked for them.