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This will be in the .004's at the end of the week when nothing new is released.
Looks like someone is dumping shares IMO.
Im calling bs. If you put $25,000 into a penny stock being promoted by newsletters, you deserve to lose that money.
God I hope youre kidding... Im not sure if you could sue if you wanted to. All
Those press releases have disclaimers about forward looking statements.
Let me try to explain that post further seeing that some people are having trouble understanding it. This is for you Max, try to follow.
The Alabama case and Bayport....
http://investorshub.advfn.com/boards/replies.aspx?msg=65924831
Bayport of Tulsa is Lou Porters company. This is the company that allegedly had the deal with Jon Ginder back in 2006 to build thorium plants, that never happened even that PR made it sound like a sure thing.
http://www.globenewswire.com/newsroom/news.html?d=103968
Now some here have a little trouble understanding certain things and cannot comprehend what is written. Max, the case I was talking about was from a company Bayport Corp. LMT, aka Bayport Indemity. They sold insurance policies to Consult America, a company which bought nursing homes in Panama City, if I remember correctly. http://dockets.justia.com/docket/alabama/alndce/5:2010cv01299/131334/
In my post we were discussing what the delay in the merger could be and Lou Porters past criminal record. Some were talking about a case in Alabama that was still open, however upon researching it further, I came to find out it was a different Bayport.
We were looking for reasons why we still have not received that PR saying the merger was complete, after all the website and Lou said it would be completed by March 31st. After that day passed, we never received any more PR's, however Lou kept telling us the papers were with Finra waiting for approval and it would happen sometime in April. Then he said the same in May.
I am not sure why Max posted that I have been caught in a lie when the post about Bayport LMT has absolutely nothing to do with the fact that Bayport Corp of Tulsa signed an agreement to help build thorium plants with North America Energy Group.
Now there is another case in Texas where Jon Ginder has created securities fraud, but the Alabama case has nothing to do with this topic, so I am unsure why Max is trying to say it does.
You know people, although I think this is probably not going through, I have to say that with all these filings with the SEC it sure would be a shame if it didn't. You don't see a company going through all that trouble when they allegedly acquire or merge with a company in the Pinks. After being over on the EXT* message board and seeing all the fluff those posters are claiming, I have a new respect for the posters on this board. At least I can understand why people here aren't giving up. At least there is some actual verifiable assets and filings with the SEC. Good Luck to all of you. You deserve this thing to pan out.
EXTO. Nodummy, what do you think about this stock? Just a quick summary. Bayport Corp of Tulsa is acquired by EXTO.
http://www.marketwire.com/press-release/exit-only-inc-acquires-bayport-corporation-and-begins-gold-production-pinksheets-exto-1536585.htm
Now Bayport claims to have all these assets and companies, but I cannot find one verifiable link between the companies they list and Bayport. Bayport also was involved in a RM with BYSD, but it was called off, reason being stated in the BYSD's financials
"On December 15, 2010 a Special Meeting of Shareholders was held and with approval by
94% of the voting stock the Company elected to enter into an agreement with Bayport
Corp., Hominy, Oklahoma, whereby Bayport would convey to the Company significant
interests in several oil and gas projects in Oklahoma and Texas, a 90% to 100% interest
in two mining properties in Utah and Nevada, and other less significant assets. Based on the agreement by Bayport the officers and Directors of Bayside resigned effective at the
close of the meeting and the officers and Directors of Bayport were elected to assume the
position of the officers and Directors of Bayside with Gordon H. Johnson remaining on
the Board of Directors. However, in early May, 2011 it became apparent that neither
Bayport nor their officers or Directors had actual ownership of the assets to be conveyed,
and merely had verbal agreements to acquire them. Further, it was discovered that the
newly elected Chief Executive Officer, Louis Porter, had a prior criminal conviction that
was not disclosed."
Here is a chart that a ihub poster made. Bayport Claims these as their assets.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63043249
GEM INC, is the one most people claim Lou Porter owns. I cannot find any proof that Lou Porter has anything to do with this company.
Also here is the DD the members on that board are posting that they say proves that Bayport has gold mines and owns Kapacke
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65863488
I know I posted a bit much, but I am curious if you have any opinion on this or can find something I am missing. I had a position in the BYSD merger and even though the Financial stated the merger was called off in early May and the websites were taken down at the end of May, I have emails from the President of Bayport telling me that everything is still moving forward. Thanks for any input you or anyone else can give me.
I don't believe PR's, I believe SEC filings. PR's are fluff. I get 10 in my inbox everyday about the next big thing, not one has ever come true.
Wow, I finally agree with you one something. This is a reverse merger, it is a private company taking over a public one. They are apparently receiving 2 million preferred shares, the question is, what do those preferred's convert to. It looks like they might be trying to circumvent some steps and over site involved in a reverse merger. Also the SEC has seriously cracked down on RM and the fraud that runs rampant in them. I guess we will see next week what is true and what is false.
Any PR. What if not a single one comes out next week. If there is a next one, he will have to have all the financials updated and since there is a change of directors and officers he will have to file a 8k with the SEC. That will be a big step. When I see the 8K filing, then I will believe something is in the works. Until then.....
What makes you think the company is telling the truth. If I believe the PR is bs, why would I call them. Porters history let's me know what kind of guy he is. He was
Convicted of crimes in the past, you do know that, right?
Not if that PR doesn't come
It was called CEMG, then the name was changed to CARE. Are you starting to see a pattern here? Just like when Kapacke said they were going to start mining in April 2011, then it was July, now it's...?
So how about the guilded lady? Are they the ones who own kapacke, or is it GEM inc?
Isn't guilded lady just the mint?
http://www.thebartertown.net/results/?ad_id=49761
We all know that isn't true. You can see I sold my shares right before the split, unlike some here.
Dont worry, this is going to .80.
Not sure what you getting at, Max. What about the Thorium Peer Plant deal? Sounds like something similar is going on here.
Has anyone tried to google bayport corporation of Tulsa? Hey maybe someone should ask Lou about the deal with John Grinder of North American Energy Corp. How many of those thorium based power plants did they end up building?
http://www.globenewswire.com/newsroom/news.html?d=103968
What are you talking about? The last two days the volume has gone down and there have been more sells then buys, that is not accumulation.
I know, I was making a point. Max Power posted all the reverse mergers that went up huge. Why did he post that? I could call Lou, but seeing I believe he is untrustworthy, it would hardly matter what he said. He told someone PR's were coming two weeks ago, but wait the mail got lost. What happens in two weeks when no PR's come?
Got out at .004. Google map intertoco Spain address. Looks like a pretty seedy neighborhood!
I was under the impression by some posters here that this was a done deal. It was allegedly completed early July. Here is one posters comment:
"this deal is already complete. its wasn't a LOI to acquire...they already completed the deal...done deal"
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65186981
I don't understand if it is a done deal why Porter is still waiting for the papers in August. Also, Porter and the PR says mining will begin on July 10th I believe, why would they start mining when according to Lou he has yet to receive the paper work? Something is a bit off here. Is it complete, like the PR claims, or isn't it?
There are few things I would like to point out about those stocks you listed. The float in those stocks were extremely small, less then 100 million. The volume of shares traded on those stocks was also very low, take
SXML. The largest gains that stock saw were on days when the volume was a few hundred thousand. The most volume in those gains was 2 million.
You can find most of the details of those stocks here:
http://investorshub.advfn.com/boards/board.aspx?board_id=7308
I think you will see glaring differences between those and EXTO. Also a major point to look at is most of those big gainers rose the day the merger was announced. This was announced weeks ago and has not saw much movement. Might be because they never released a super 8k which is required 4 days after the merger is announced. Of course TBEagle says this isnt a reverse merger so I guess neither of our posts matter!
I must say, that's a first for me. I was about to sell before I read that, now I will buy more.
You show me one document that ties Kapacke or Gem Inc to Bayport and I will never post here again. Alleged phone calls to the company or emails from the porters dont count.
From Florida, went to college there.
BLM has no mention of Bayport Corporation or the Porters
I know that, but anyone could put a nice looking chart together, A poster from another IHUB board actually did that. I am looking for verifiable proof that Kapacke or Gem Inc is part of bayport corporation.
What's in the BLM report that proves exit only or bayport has anything to do with any of those companies. I am reading it now, but some direction in what Im looking for would be nice
Jim has nothing to do with that website. He said himself he stands buy everything that the RE website claims. Even Admiral said that was basically a promotional website, not set up by the company. This video reminds me a bit of people on this board.
Go to the top 20 ihub active boards, they all claim the sane thing. I have yet to see one of those lofty prediction come true. You will be lucky to see a penny.
Sorry, the way I know a company is solid is when my scrutiny of that company is disproven. I have learned in the past that PR's and forward looking statements are all fluff and rarely, almost never, come true. You can go to 100 other stocks on the ihub boards and people will becl posting the same things you de here. "stock Is going to .51.... check my DD it's solid.... This is going to be huge....". 98% of those end of tanking. Hell, some even actually file reports with the SEC. All you have here is one PR.
Are you talking about Gem Inc. How do you know that bayside has anything to do with them? Better yet, have you even bothered to check into Gem Inc. Sterlv own link that agreement is from 2009 and makes on mention of Bayside or the Porters. The address at the end of the letter is from a defunct bank Sooner Federal. http://www.faqs.org/banks/Sooner-Federal-Savings-and-Loan-Association-28649-Tulsa-Oklahoma.html#top
And Hardrock Exploration and Mining is now defunct.
https://secure.utah.gov/bes/action/details?entity=7126998-0142
I don't see any proof that Porter has anything to do with the Mary Ann Placer mine in that link provided. Why doesn't it come up on the Nevada SOS. After all it is Gem Inc. So it is a Nevada corporation.
Lets face it, you can make money in pennies, but they are trading here for a reason. Their is a reason they do not want to release audited financials.
Ill post what I want. I know the whole situation. I know EXTO has a long history of R/M and Acquisitions, where they claim they are updating financials and changing their name, that have gone nowhere. You don't know these people personally. What makes you think they are telling you the truth? Hell, anyone can make up a story to suit their needs. I'll go by what I know. BTW, I know what a R/M is, apparently you don't.
My point was, Porter is a proven liar. He lied to me about the merger still being on. He was the one that those websites were registered to. He took them down for a reason. He says they were updating them, well you don't need to take down a website to update it. Why did he lie. Are you telling me he had no idea that Johnson called the merger off?
Ask him why he lied to me? Ok. I am sure he will be honest this time. Please explain all the other failed transactions that exto has been apart of. All the other lies.
How about their merger with Summit City Casino.
http://ih.advfn.com/news_Exit-Only-Inc-Completes-Merger-With-an-Indiana-Based-Hotel-Real-Estate-Devel_41382044.html
The transaction was structured as a business combination between the parent Exit Only, Inc. and Summit City Grand Resort & Casino Holdings Corporation whereby Summit City will become a wholly owned subsidiary and the management of Summit City were appointed as officers and directors of Exit Only, Inc. In addition, the Company plans to change its name to a name more consistent with its business and real estate development operations. The effective date of the merger was December 10, 2009 and the Company will be posting its year end financials shortly to reflect consolidated business operations.
xit Only, Inc. (PINKSHEETS: EXTO) today announced that it has acquired Shats International Holdings, Inc. ("SIH"). Simultaneously with the Company's acquisition of SIH, Diana Shats acquired a controlling interest in the company and became Chairman, President and Chief Executive Officer of the company. The Company also intends to change its name and symbol in the near future to better reflect the company's operations.
Oh ok. So they just happen to take the websites down. It was all a coincidence. Also, you are telling me that when they called it off they never told the Porters. Come on man, you have to be kidding me.
It was another Merger they were supposedly involved in. Look at EXTO long history of transactions and mergers. All of which claim that financial will soon be updated and brought current, although none ever do. Also look into the dividend they were going to give for their spin off of trans-atlantic capital. I find it hard to believe that they would abandon that business seeing they claimed it had record revenue of 15 million in the first quarter.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65078929
Ok, TB, why did Porter email me that after the R/M was cancelled? We know according to published documents it was cancelled on the 10th of May. All the websites were taken down, yet he still claimed it was on. Why is that?
Oh mcnugget, have you looked at the history of exit only? Lol. I put together a nice little history and post it for you first thing in the morning. Quite the pass the shell game they have going on.