Bayport International Holdings Inc. (BAYP): Wwweeellllll......yeah, technically spea...

Bayport International Holdings Inc. (BAYP)

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Sheepdog

Re: DragonBear post# 97668

Sunday, 07/26/2015 4:45:21 PM

Sunday, July 26, 2015 4:45:21 PM

Wwweeellllll......yeah, technically speaking. The statutes do say that a Form 10 has an automatic effectiveness in 60 days. However, it IS reviewed by the SEC and commented upon. And the SEC has in fact thrown out some form 10's "as garbage". But when they have serious concerns, more often they "suggest" that the Form 10 be "voluntarily withdrawn" until it has been revised to their satisfaction.

I guess it is possible to legally snub the SEC then file a 10K at the end of 60 days....Good luck with that.

But that is likely what BAYP would probably have to do.

I have no humble opinions, but I do have opinions and those are what I express in my posts. BUT...I have been wrong before and likely will be wrong again so do your own research and don't blame me if you are too lazy to do so.