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I sold all of my positions in that stock before the reverse merger was called off. I could not verify any of Bayport's claimed assets. I did buy a small position because I was sure that it would be pumped one more time by the people on the board, but I sold 30 minutes before the reverse split was announced. I ended up making a very small profit from the first buy when I was in at .0023-.0029 range.
It cost about 10 bucks to do an assay, so let's not get carried away until we see how detail and extensive it is. Maybe it was an assay on one sample, hopefully he will upload it to the webpage soon. Not sure what the hold up is, they have had it since they we CEMG.
Etrade is expensive but the customer service is top notch and the iphone app is also great. You also get a nice visa debit card too. I hear zecco is really cracking down on the penny stocks.
Bayport would need to have their financials together before any company would do a deal with them.
Highest I would buy, probably high .006's to mid .007's. Although with the caveat emptor status, I doubt I would by at all. By the way those plans are for Tom griffin and moose creek, not sure what affiliation he has with mill co packing. Something for vortex to look into. Tom number is on the plans.
Actually that posting is for an appraisal not the actual build and it was awarded for $265.00 to difinitivecap.
http://www.elance.com/e/definitivecap/
Here is the contractor who completed the appraisal.
http://www.elance.com/s/ynu071/14000
That's a step in the right direction. Let's see what the financials say when they are posted on OTC markets page
This stock will never hit .05, maybe .005.
This is a pink sheet stock where fraud is rampant. What makes you so sure the company is telling the truth. You do know that Lou has been convicted of Fraud and from his past businesses has been a proven liar.
He ran that subsidiary and it was replaced. He also made numerous false claims and the PR's were untrue. He claimed they signed a telemarketing deal that was to bring in 2 million to the company. Shockingly that deal somehow fell apart. Good luck tomorrow.
Lou Porter owned it, so it has a lot to do with it. They have the same skin pro(tech) product that they have listed on the bayportcorporation.com website.
http://web.archive.org/web/20040614160503/http://bayportinc.com/
Lets see some documents before we get overly excited. Bayport has a history of making claims that turn out to br false. Look up their business with emerging enterprise solutions. They released a ton of PR's claiming all these profitable products and services and in a year the stock got suspended by the SEC. They even went as far to claim their headquarters was a 150,000 sq foot building, yet they failed to mention they only leased an office in that building along with around 50 other companies.
So their claims of gold production in OCT were lies? They obviously need the IPO yo go through before they start production and with no definitive time table on that IPO and the time, work, prep, and equiptment needed to even start mining makes that OCT claim bogus.
Will finra even consider a symbol change while this has caveat emptor status? Not sure why Lou is being so secretive above releasing the terms of exto and bayports merger. He said in the beginning "details to follow", but it's been over three months and we still haven't seen them. Just like the assay report, it wad going to be uploaded to the webpage "shortly". They have had possession of that report since the old CEMG website in OCT 2010, yet no one has seen it.
What's with these excuses too? First we have the preferred's getting mailed to the wrong address and wasnt his excuse for not updating the website with the assay report that there was a illness in the family. I find it homesite that he has time to change the share structure and release a PR about it, but can't find the time to upload the assay report or give us details of the merger.
Lou needs to update those financials. That designation of Caveat Emptor is very bad.
This should have been the first thing he did. Why are the terms of this exto and bayport still not released. Why no financials or assay report that they claim to already have? He better get his ducks in a row, because suspension of trading may be next.
News of new status getting out. Bid ask moving down!
Nothing bad. This is why when companies merge they release details before releasing any acquisitions. OTC gave then ample time to release details of the merger before they slapped them with a skull and cross bones. I'm sure new investors may have an issue with this status.
http://www.otcmarkets.com/stock/EXTO/quote
Uh oh. Exto no longer has a stop sign on pinksheets.
It has now moved to Caveat Emptor. Buyer beware.
Big time. Bet that oil PR is coming
So in that case, EXTO would get a percentage of profits from CARE, INC's profits I assume.
That would be quite a big mistake in a PR, wouldn't it. If you read quinnradio's sticky you will see what the CEO told his about the assay samples. What are your thoughts on that post?
Did the first pump, not the second. Too expensive at current prices. Traded close to 50 million shares and had trouble getting out of the .0103-.0106 range. When I saw the trade for .0111 I was thinking this is never getting to .015. Curious to see if he will be releasing the oil deal this week or will be saving it for next.
Why would I have a tough day? If people got excited every time a stock went up there would be a lot of excited people in the world.
Still doesn't answer my question. An IPO is s the first sale of stock by a company to the public. What does that mean for Bayport/EXTO share holders.
Is CARE, INC going to be a separate entity?
Serious question. How would that IPO work? What price would they offer the IPO at and what effect would it have on current shareholders. Would CARE be completely separate? If not, would it cause dilution. Even at .10, 50 million would mean 500 million shares. There would have to be some kind of advantage to buying into the IPO. Nobody would pay .10 when they can get shares for .01.
I'm here. I said short term probably will hit .015-.02. Congrats for those making money, but you only make money if you cash out. The oil PR will probably make this go close to .02.
I'm here and unless you actually sell and realize the profit, day gains don't matter. I know in the short term this will go up with every PR Lou releases, but in the end I believe it will be worthless. Reducing the authorizes shares is a pump tactic. That still leaves roughly 300,000,000 shares to dilute with. Also, he can raise the authorized shares if needed.
Excellent article. A few excerpts:
First, an investor could begin the process through elimination. FINRA highlighted some of the key warning signs when analyzing gold stocks, such as claims of being a “buyout target,” or speculative claims about reserve growth, and grandiose predictions of exponential growth, to name a few. FINRA says investors should be wary of “free lunch” programs that claim profits in gold are “easy,” and we agree.
Research from geologist Robert Sibthorpe shows that only one in 2,000 (0.05 percent) companies would ever find 1 million ounces of gold, and that only a third of those would be able to turn that find into production. In addition, research from Barry Cooper at CIBC shows that these discoveries are becoming even more difficult. There were 51 gold/copper porphyry discoveries of +3 million ounces during the 1990s, but only 24 of such discoveries occurred during the 2000s.[img][/img]
http://www.businessinsider.com/valuation-gap-makes-gold-miners-attractive-but-all-miners-arent-created-equal-2011-8
Now an excerpt from the PR releases by Lou Porter:
This is the first bayport Lou started. Bayport petroleum was the second and bayport corporation is the third. Seems to me Lou just starts up new corporations in the same bayport name when the other fails.
Would love to know what the shareholders of EESI think of your statement!
Upon looking into Bayport's and Lou's past I found that Bayport was actually a subsidy of another company back in 2004 called Emerging Enterprise Solutions Inc. (EESI)
These are some of the PR that the company released when Bayport became a subsidy of EESI.
Mining still hasnt started, I thought it was supposed to start July 10th. Yup, another lie.
Digging up some very interesting things on Porters past ventures. Scam and Fraud would be an understatement. Can't wait for the oil deal. Who is going to believe his oil estimations when he has been convicted of fraud in that industry. Will post some more DD later.
I am not going to believe a person who has been convicted of fraud and has a history of empty promises and PR releases where absolutely nothing happens.\
"A petroleum engineer by training, Porter has owned and helmed many successful business entities both in and out of the energy arena. After spending a number of years with ARCO in Dallas and then Thermogas in Des Moines, Iowa, he founded and operated Dalco Petroleum and subsequently Dynex Petroleum, both public companies. Additionally, Porter has been a director and owner of several banks, as well as two steel companies. He is a founder of Bayport Inc."
Look like he updated his bio to try to cover over past failures.
What happened to this company he became a part of. Within 8 months of his involvement things went really really bad and not one PR was realized.
http://www.thefreelibrary.com/Emerging+Enterprise+Solutions+Announces+the+Appointment+of+Louis...-a0113340041
How is a PR a fact. They have not posted the documented proof from that assay, have they? Look at his past history of PR's from his other companies I have posted below. Not one item has ever come to market. NOT ONE
WOW!!!! Where is that report and why isn't it on the website. They have had it, according to the CEMG website for well over a year. It doesn't take but 10 minutes to upload that info to the website.
So that is what a CEO should do? A problem arises and he just brushes it off. BTW, you left out about 4 other items I posted that indicates Lou knew exactly what was going on. He knew and the evidence and the courts proved that.