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sec is waiting for info from them,,we see if they respond
Finally! About time Bagport bit the dust!
It is best to know and understand the "rules"!
It is best to know and understand the "rules"! The regulators do not allow a Grey Sheet stock to be shorted. BAYP has been relegated to the Grey Sheets, most probably forever! As of the day of the SEC Trading Suspension, there was virtually no actual FINRA-reported Short Interest in BAYP.
Even BAYP itself verified a total Short Interest of 2 shares, as of February 12, 2021. The latest FINRA verification, which was done on February 26, 2021, shows a grand total Short Interest for BAYP was a meager 10,719 shares.
LOL! Ain't going to be much of a short squeeze with less than 11K shares out of 311 million outstanding shares, being shorted!
what's up on SP*V
Top knot is controlled by Strickland and his partners in these share selling scams.
If Top Knot lists Strickland as its Sec/Treasurer then obviously connection is directly made.
So far all we know is Strickland sets the table for Top Knot. With it unclear how money is siphoned into his pocket. One can bet the SEC is following the money flow in Strickland's multiple ongoing Microcrap scams. Trying to find a Rule 144 problem.
Top knot is controlled by Strickland and his partners in these share selling scams.
A vehicle for money laundering.
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This shows Paul Strickland connected to Top Knot
The only thing those 2 links show is Strickland setting the table for Top Knot.
What we know is:
Strickland is taking control via the Preferred. For probably some small payment. Then by mere coincidence(?), Top Knot comes in to assume all debt. A huge R/S occurs to wipe the O/S clean. Then Top Knot files a lawsuit against the debt, and is awarded huge amounts of common stock at very favorable terms. With Top Knot set to dump the stock when Strickland cranks up a pump.
So what's in it for Strickland? How does the huge amount of profit Top Knot would make, find its way into Strickland's pocket? Where's the money connection for Strickland?
I couldn't agree more! Since there is no evidence BAYP is actually running an operating business enterprise, I have no sympathy for those who appear interested in making an easy buck, but are too lazy to do any sort of minimal investment DD. A real investor wouldn't think twice about doing 15 minutes of DD, then telling BAYP to kiss off prior to investing a dime.
SEC should be sued!-based on what?
Tickers that lie dormant for years, aren't violating any SEC regulations. `If the stock was registered with the SEC, then the SEC can delist them for delinquency in reporting, after a year. But a dormant Microcrap scam like BAYP wasn't registered with its stock. It has been free to trade till eternity.
The SEC isn't entrapping anyone. It's the tweeters of the world that are front loading, and then attempting entrapment of others. Something that's being investigated for BAYP. The SEC is probably very interested in investigating the Strickland vs Top Knot money connection. Including what role they may have in promoting the stock. If Clay was still been in charge of this scam, it would still likely have been a dormant shell like stock. Where nothing is illegal. No excitement over nothing. No 7X.
The true solution would be to require all OTC stocks to be registered with the SEC. And increase funding for the SEC to handle the increased regulation volume. Until that happens the Microcrap scams like BAYP will persist.
Don't bet against Paul Strickland.
He will beat this rap
We will be up and running sooooon
Bayp
Paul have top notch lawyers. relax
It took a long time...
The $BAYP scam is now toast!
Seems SEC doesn't like stock speculation, but it let's gamestop trade on nothing but speculation so WTF? Glad I took my 7x profits b4 the suspension here...SEC should be sued! Especially for all the dead stop sign tickers that lie dormant for years with no SEC action until peeps start buying them and price rallies, then they suspend them, seems like entrapment to me, but that's the risk you take to make millions like I have, I'm up 2mill this year trading stop sign tickers so risk is worth the rewards imo
Yeah... But its a very likely, logical assumption.
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It will be interesting to see if BAYP appeals the SEC Trading Suspension. Many have tried, but very few have successfully gotten an SEC Trading Supension overturned. An appeal would be interesting, as it would reveal more details behind the SEC's rationale. The SEC is obligated to provide additional detail regarding its position as a part of the official appeal process.
The SEC's power to issue a subpeona is a nice tool! I too assume Top Knot is just a front for Paul Strickland, but "assuming" is not "knowing".
The SEC wouldn't have trouble figuring that out. It's been assumed that Top Knot is a pass through company/holding company for Strickland's scams.
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Agreed. Strickland is "connected" to Top Knot, but what is the depth of the connection? Does Strickland have an equity stake in Top Knot? Top Knot is not a public corporation, so the ownership has never been publicly disclosed. John Kellas is the President of Top Knot. The end.
The depth of Strickland's connection is the part that is hard to nail down. I personally believe Strickland is more involved than has been publicly disclosed, but the proof is elusive. As Top Knot's Director "designee" for Paradigm and briefly COHO, there's no indication Strickland is a part of Top Knot, thus there's no evidence he would directly partipate in the financial outcomes of Top Knot's various business initatives, including the debt collection activities and the Polk County, Florida lawsuits. As a Corporate Secretary of Paradigm, Strickland would likely be deemed a Paradigm employee.
BAYP is now a grey sheet stock. Where the chances of getting a broker to sponsor a 211 is next to nil.
That is true. But OTC Markets will whisk it off to the "Expert Market" shortly after it resumes trading, where electronic trade execution will make it far more liquid that it would otherwise have been.
Unfortunately.
The suspension includes the 25th. The suspension expires at 11:59PM the 25th
https://www.sec.gov/litigation/suspensions/2021/34-91306.pdf
This shows Paul Strickland connected to Top Knot.
https://www.sec.gov/Archives/edgar/data/1191354/000149315220014836/form8-k.htm
Another one...
https://www.sec.gov/Archives/edgar/data/1101588/000149315220012819/form8-k.htm
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I have dug pretty hard, but without subpeona power, it seems hard to prove an official Kellas/Strickland business connection. There is no doubt they are "connected"! Strickland transferred his controlling interest in SPRV to Top Knot, i.e. John Kellas, last summer, but the underlying details of the transaction have never been publicly disclosed. Welcome to the SLUDGE FILLED SWAMP of the OTC! Of course Kellas and Strickland worked together to bring BAYP and SPRV (among others) to Pink Current in August 2020. Hopefully the SEC and/or DOJ get on the case!
Archer & Greiner (Allen Tucci) sold it's service invoices for BAYP and SPRV to Top Knot, Inc (John Kellas)
Is there any direct connection between "Top Knot" and Strickland (e.g. he works at Top Knot?).
Top Knot was setup to make money with the 310M stock dump. But how does Strickland benefit, after setting the table?
The SEC had no role in "approving" the Reverse Split. Any sign-off, if one was needed, is the purview of FINRA. If the company is current with its financial reporting, the FINRA sign-off is pretty much automatic.
Archer & Greiner (Allen Tucci) sold it's service invoices for BAYP and SPRV to Top Knot, Inc (John Kellas). Each original invoice was for $40,000 and Top Knot bought each for $20,000. Top Knot then sued both BAYP and SPRV to collect the original $40,000. Both suits were quickly settled, which further endorses the notion of both companies being a charade. Interestingly the Settlements were to be done in each company's common shares. The A & G invoices were included as Exhibits for the Florida Polk County Circuit Court filings, but the claimed charge of $40,000 was not supported with any details, i.e. billable hours.
Funny though...the SEC had NO problem approving a massive reverse split for these thugs
The SEC isn't involved in R/S approvals.
Rather that's a "Corporate Action Request" handled by FINRA. Basically the only things required are:
The company assures FINRA the TA has been notified.
The TA confirms, and agrees or disagrees they will be ready for the R/S at the proposed date. It's not that difficult of a process for a Microcrap scam to perform a R/S.
The only reason BAYP went up were the 3rd party social media pumpers, pumping who knows what and how. An area the SEC has taken an interest in recently. It was that action that attracted the SEC's attention. Along with the 6-15X increase in PPS with the company announcing no material news.
OK...FINRA,although they are filed with the SEC. Whatever...it was approved.
Question remains as to why these shysters almost always get their RS but are only become crooks when the price goes up.
well, the small problem with that is... the sec doesn't approve reverse splits.
Are these social-media pumpers liable for DOJ action?
Hopefully this virus backs down and people can get back to what they were doing, instead of buying at the high.
Wouldn't be hard to figure out...
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suspended till 25th-excellent catch!
SEC notice
Appears in the first pass the SEC is going after the tweeter crowd. It's about time the SEC starts to get serious about the social media crowds.
Along the way the SEC will be investigating (non-formal for now), how a stock with no cash, assets, revenue can claim to be
Every ticker that gangster Paul Strickland is involved with is a scam. The new SEC/FINRA fraud task force that has been set up are onto him now.
This isntt the first ticker hes had the rug pulled from him by the SEC either.
The next thing we hear will be that the SEC is investigating his shyster lawyers Archer & Greiner for being complicit in the share selling conpiracy that is obvious for all of Stricklands tickers.
what shit would that be?
suspended till 25th,,they better get their shitz together by then
Doesn't matter who those people are, anybody who listens to that nonsense is about as intelligent as the people who bought this at $30.
$30 for BAYP? Now I've seen it all.
LOL! It is suggested some more research is in order!
A Microcrap scam stock like BAYP goes whatever direction wild retail speculation drives it. There is no such thing as a Bull/Bear market with Microcraps.
We do know there is a float of 1.3M shares. Where it isn't retail that owns the majority of the 1.3M. The R/S 1:10000 ensures it's insiders who can dump at their leisure.
Then there's the 310M restricted. Where they might be able to use Section 3(a)(10) of the Securities Act to take the restrictive legend off the stock. If so then there's a flood of dilution coming in short order. If not, then they have to be held 1 yr. While the insiders decide what kind of scam angle they are going to create.
We also know BAYP has no cash, no assets, no revenues. Pretending it has any fundamentals that can be influenced in a Bull/Bear market (of exchange listed stocks) for this Microcrap scam is a laugh.
Retail gets to buy a blank sheet of paper, and then pretend it's worth something. Where as SHs it's claimed everyone sold at $32. Everyone is a winner in a Microcrap stock. LOL
Well so much for that theory!!!!
Wonder who these people are? (From the Suspension order)
BAYP SEC Suspension "because of questions regarding the adequacy and accuracy of information about the Company in the marketplace, which has been limited to vague statements about lines of business that the Company is engaged in, and unusual and unexplained trading activity affecting the market for its securities. Since late February 2021, BAYP’s share price and trading volume have greatly increased in the absence of any publicly available news from the Company since January 2019, and certain social media posts appear to be attempting to influence BAYP’s share price."
https://www.sec.gov/litigation/suspensions/2021/34-91306.pdf
Order:
https://www.sec.gov/litigation/suspensions/2021/34-91306-o.pdf
loaded and locked for $30+++ again MHOP$$$$
LOL! It is suggested some more research is in order! We are currently in a BULL MARKET, not a BEAR MARKET!
THINK PEOPLE THINK!!!PLEASE READ
S&D traders, on the other hand, manipulate stock prices in a bear market by taking short positions and then using a smear campaign to drive down the price of the targeted stock. This is the inverse of the 'pump and dump' tactic, whereby an investor buys stocks (takes a long position) and issues false information that causes the target stock's price to increase.
Generally, it is easier to manipulate stocks to go down in a bear market and up in a bull market. The 'pump and dump' is perhaps better known than the 'short and distort,' partially due to the inherent bullish bias built into most stock markets, and because of the media's reporting of the extended U.S. bull market that has generally been in play for the better part of three decades.
An S&D trader's main goal is to profit by shorting a stock prior to smearing the stock publicly. The theory is that frightening the stock's investors will cause them to flee en masse, thereby causing a decline in the stock's price. A short-and-distorter's scheme can only succeed if the S&D trader has credibility. Therefore, they will often use screen names and email addresses that imply they are associated with reputable entities, such as the SEC or Financial Industry Regulatory Authority (FINRA). The thrust of their message is to convince investors that regulatory authorities have serious concerns about the company and that they are contacting the stock's investors as a gesture of goodwill.
'Short and distort' traders clutter message boards, which makes it very difficult for an investor to verify the claims. "Get out before it all comes crashing down" and "Investors who wish to enter a class action lawsuit can contact …" are typical posts, as are their projections of $0 stock prices and 100% losses. Any individual or entity that attempts to contradict their claims becomes the target of their attacks. In other words, the market manipulator will do everything in his or her power to keep the truth from coming out and keep the targeted stock's price heading down
BAYP is the poster child for the truisms related to ALL PUMP & DUMPS! In less than a week, i.e. 4 trading sessions, the BAYP share price has plummeted from a totally ridiculous pumped up share price of $33.89 per share to a low of $7.12 per share this morning.
The folks who bought in the double digit range, i.e. $10 to $33.89, have gotten crushed. For every big winner there is also a big loser! Unfortunately for the altruistic, this time it is not the rich hedgefunds getting whacked!
Welcome to the recent social media driven OTC Pinky BS!
INTERESTING! Not one word about ATMH's business metrics! Welcome to the OTC. Who cares about an actual business, when there is a chance to buy a lottery ticket on a piece of OTC pond scum?
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