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I guess that your perception about an audit were incorrect. When the reserve information is done, it will be published. The clock is ticking.
I think now that Bayport has come out of the shadows to update us actual shareholders, we are going to be in for a great run with more and more updates. These will show what the company has done to grow itself, and what the plans are going forward.
After I had talked to the auditor a couple of weeks ago, it appeared that the audits were all wrapped up. I guess I was not aware how detailed this was, as I have not heard of this requirement adhered to to this extent. Now I understand the current holdup.
We have completed all of the financial auditing, and are working to complete the reserve reports as required by the SEC.
Even with these things being completed, there will always be another issue about it....e.g., the audit firm is not valid, etc.
LMAO at that.....I doubt it.
I did not see any comment from you on that retirement of shares I mentioned....However, I did not find that RS to be a nasty thing. It was necessary in order to be uplisted.....not everything works out as hoped for or expected though. But, Porter has been nominated for Micro-cap Ethical CEO of the Year again, and that cannot be taken away from him. He is a good man, and still working hard on that uplisting for us stockholders.
I have not seen anyone mention that Bayport retired over 50% of their AS just a few years ago.
Finally we have agreement. I will be out of most of my holdings before the $1 mark though.
At this price it made sense for me to move/consolidate my holdings in NASV from my IRA to my Roth IRA....and wait for the run-up. Anyone with that same opportunity should consider it also.
They just signed this firm on in late 2013 to complete the audits. I have talked to them recently, as they had questions regarding my NDA. From what I could ascertain from the conversation, they were in the final stages of completion.
M&K CPAS, PLLC
832-242-9950
4100 N. Sam Houston Parkway W.
Suite 200-B
Houston, TX 77086
As has been mentioned quite a few times here, the audit started in 2013 to substantiate 2012 and 2013....or was it 2011 and 2012....was restarted to get them up to full compliance by adding 2014 to the mix. I know that it is either ready to be published, or the i's are being dotted, and t's being crossed.
As to your question as to why it takes so long....other than what you quote as cash on hand, they have assets to verify, and leases to crawl through, etc. An audit is not as simple a project as you try to make it seem.
Based upon your analysis, I can see your concern with putting your investment dollars into Bayport. However, my analysis and conclusions, after having lengthy discussions with Bayport's principals, has led me to a different conclusion. I believe my speculative investment dollars will give me more bang for the buck here. My group's holdings (2.5M) are being tightly contained, and will further limit the float. Those that want them to cover, or for their own portfolio will have to pay dearly for them. I have an extra $1K sitting around that I will open the paint can for today to make it difficult to have someone paint us down again.
I agree that what happened decades ago, especially not in the Bayport arena is not relative to today's discussion. What we need to talk about is the direction of the company, and when we are going to see the growth we all know is on the horizon.
LMAO......Please let me and the rest of the board know what transpires with your call to FINRA.
LMAO.....Of course it is being shorted. Almost every poster here knows it. However, until formal announcements come out telling all of us exactly where we stand in these new JVs, and the new acquisitions that I believe are being made, we will sit in the 1.5 to 2 cent range. However, the volume and price will skyrocket over the next week or two with this information.
Painting down does not bother me, because it usually is very short lived. When you say you are guarding my money, I assume you are short the stock.
I do not see what you say you see.
As has been said ....do your own DD. It is true.
Don't think so, as they are honorable people. In fact James Porter has again been nominated as Micro-cap Ethical CEO of the Year. He lost out last year, but this year he has a better chance. Many irons in the fire, and some are turning red hot with results.
Bellwether is, and he is CEO at Bellwether. But again what does this have to do with Bayport's success? Unless you are now saying they do not exist.
Again I ask what this has to do with Bayport, and its success. That is unless you are saying that they have no involvement with any of these leases, or that the leases do not exist.
I believe that the question you pose is not meaningful, unless you are saying that Bayport does not have anything to do with this leased property, or that it does not exist. Other than that, I think we rely on the management of Bayport to have all necessary licenses, permits, registrations and records. Boy has this discussion morphed into a discussion of other than Bayport the company.
Please tell me what this has to do with Bayport making money. [b]NOTHING!!!!! Please let's talk about Bayport.
That post has added nothing of substance to the discussion, as it gives no details on that perception. Please elaborate.
I do not know what you are looking at, but I see at least 2M shares being traded every week in April so far. That is over 4% of the float. My buddies and I hold a few million shares total, and have no interest in trading them. Our posture, as well as many others are not accounted for in that float number....as we are holding very tightly....but are not interested in increasing our position at this moment. Know when to hold em and know when to fold em. Now is the short term holding time.
I was just making a point of saying that it would not serve him well to go against a court order, therefore, I think there is something that has not been said. I have no issue with it in either way, as I know that Bayport is poised to have major things happening for it.
Wow a large sell today....1,000 shares. Hope that does not qualify as a painter by ?????.
Therefore, based on what you are posting, either (1) He had it overturned, and that was not mentioned in your post, or (2) He is just a silly person. I go with (1).
I am starting to doubt many of the 'facts' you present here. The market Cap is a basic number, and that has been misquoted. It is clearly stated in the OTC Market website as:
BAYP Security Details
Share Structure
Market Value1 $4,032,427 a/o Apr 28, 2015
Authorized Shares 700,000,000 a/o Feb 27, 2015
Outstanding Shares 230,424,402 a/o Feb 27, 2015
It is confusing to me then....why would Mr. Shainberg be invited to speak at these events if he were not 100% above board. I see nothing that would make me question his ability and reputation in the industry.
https://www.facebook.com/simonshainberg
That of course is your choice. However, the clock is ticking on all the things they are bringing to the table. Not long to wait for the further upward movement in price.
Maybe for a few that may be correct. However, I for one am up well over 200%. I know many other that are doing even better.
As to the audited financials. It was my understanding that they were going to do 2012 and 2013. However, as they got into it, and saw the time it would take, they decided to do 2013 1nd 2014. That was the reason for the delay. I do not think I am wrong with that understanding.
No problem with me on your decision. I think you may be selling this company short....not a short seller......but rather a phrase. I have already gotten my moon boots out of the closet, and are waiting to lace them up. Bayport is about to explode.
This says it all.....
President and CEO of Bellwether Capital Management, LP, Aidan Doyle states, "Our firm is thrilled to be working in tandem with Bayport International Holdings, Inc. After careful due diligence and consideration from management we feel Bayport has tremendous future growth in fundamental developments and upside potential moving into 2015. Our team welcomes any and every shareholder of Bayport to contact myself or any one of our representatives on behalf of the company."
From what I am aware of, Downhole Energy is the driller for the Brown Lease and others that Bayport has rights to. I think they’re a Texas corporation. That is the fact that I am working with.
I thought it was said that there cannot be any shorts on a penny stock? I guess they were incorrect.
If you can, please tell me exactly what you want to know.