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I'd be overjoyed if Bayport were to announce that in the Second Quarter they had sold one barrel of oil, an ounce of gold, a pound of iron, or even a bucket of shrimp.
Let me guess: 2nd Quarter, 2012 -- no revenues.
Thanks, Sterling -- I'm looking forward to your future analysis.
I promise not to consider it the gospel truth, just an approximation based on available data.
Any idea yet how many tonnes of iron could be produced at the Sir Tidwell site? Is it correct that a pound of iron might be worth about $2.00? Also, is the value of titanium proportionately significant compared to the iron present in the claim?
Stervc, I've seen your calculations before and am amazed how you are able to come up with the numbers. At what point will you be able to suggest an earnings-per-share valuation for Sir Tidwell production?
TIA,
Lochan
And here:
http://mining.einnews.com/country/unitedstates
Scroll down to the sixth news item.
The word is definitely getting out, especially within the mining community.
Bayport is on the move. Things are happening. Let's see now if they can turn deals into revenues.
Good work, Jim, securing the Tidwell claim. What shareholders are looking for now are revenues, either from the oil and gas division or the mining division or any other division, for that matter. We hope August is the month this begins to take off, and adding Walter Steele to the BOD was a nice step in that direction. We hope he brings success to Bayport as he has to many other enterprises in the past.
Five weeks now since the conference call and four weeks since we found out EXTO was dropped from the court case by the judge, but still not a word of news from the company about contracts, operations, revenues, etc. Just a PR glorifying the new VP.
C'mon, Bayport! Do you not recall you have shareholders who expect to hear from management about current developments? If so, then please keep us posted.
Bayport -- Please tell us what the role of Walter Steele will be as a Director of this Company. And what is his contact information? I would like to speak with him.
I have to wonder why the PR announcing Walter Steele, a very successful businessman, as the new VP had no effect on share price or shareholder sentiment. Could it be that instead of explaining what kind of projects he would handle for Bayport and instead of mentioning progress that has already been made with the resort/condo deal, the PR only mentions that a mining permit has been issued, using the exact wording found in a PR issued ten weeks earlier.
It's nice to know that there are now four Directors who own 2M pfd shares instead of just one, but how does that support the pps? It seems that the SH's interest could be the last thing on their mind. So, unless their mindset changes, I think NoDope could be right, that this could take another year to really take off. There will be gains to be taken along the way to be sure, but unless they present news with a little more enthusiasm and excitement, who is going to take notice?
Press Release of 7/24/12 picked up by the Bahamas News Net, a good sign that points to confirmation of Mr. Steele's involvement in the build out of Freeport, Grand Bahamas.
http://www.bahamasnews.net/index.php?sid/207675058/scat/ce785a18ec739f45
According to this website, Walter Steele is the President of Wesco Development Corp. located in Loudon, NH. The Company had annual revenues of $430,000. It employs five people.
http://www.manta.com/g/mm8s9rq/walter-steele
The most recent PR about the new VP also stated that CARE, Inc., a wholly-owned subsidiary of EXTO, has received a permit to proceed with its small mining operations in Utah. This exact same information had already been stated in a PR dated 5/14/12, ten weeks earlier. Repeating old news in a new PR simply deflates the enthusiasm of shareholders who are waiting for "new" news, not a re-run that lets us chew what has already been chewed.
ND, I think you may be right on target with your timeline. The Company seems content to let things develop gradually over years despite the frustration of shareholders who are eager to see some capital appreciation. We wanted to see support at .004 then .006 then higher but it's just not happening. There is no sustainable momentum and no increase in awareness of this Company within the market, as far as I can see.
It's been a month since the conference call when they promised more transparency and better communication with shareholders. Would be nice to at least get a monthly update. They must have something to tell us by now about Oil and Gas, etc.
We may see the symbol change this week, or not. This stock is stuck in the doldrums.
EXTO can't seem to get any traction. They could have used the last PR to mention the resort/condo deal in relation to the appointment of Mr. Steele. The PR aimed at pleasing the new Director instead of supporting the share price.
Walter Steele, the new member of the BOD, has received 2M pfd shares of EXTO and now has a say in management equal to the other Directors.
That tells me that he brings all of his experience and expertise to the table and will be as involved as the other directors in pushing Bayport forward. Since his field is real estate, I expect that he will be in charge of that division and, with his connections, he will be bringing deals of his own before the Board for its approval, deals which will greatly benefit the company and its shareholders.
I believe this arrangement to bring him in has been a long time in the making. Hopefully, we will soon see the fruits of his labor.
The word about the appointment of Mr. Steele to the BOD is getting out and lends a huge amount of credibility to this company. What we really need at this point is some productivity and revenues. More info about the proposed dividend would help as well as the promised details of the agreement with Rio Riata and the Condo/Resort project in Maine.
C'mon, Bayport! Give us some juice. Tell us exactly how Mr. Steele will be involved in building the company.
http://www.equities.com/news/news-headline-story?dt=2012-07-24&val=303001&d=1&cat=headline
Funders have certainly been expecting alot more than. 004 per share all along. I would think they might start selling gradually into a run above. 01. Just my guess.
Would really like to see the PR's begin to roll out this week.
Well said, rubs1.
His optimism far exceeds your pessimism.
Yes, Clay Franks believes that mining operations in Utah can become productive a lot sooner than many on this board think possible.
The Company looks forward to seeing revenues in 2012 not only from oil drilling but also from mining, and the dividend they spoke of should also be declared this year, if all goes as planned. I had a talk with Clay Franks on Wed and he sounded very optimistic, especially now that we are out of the woods as far as the judge's decision is concerned.
Next news item should be the symbol change, and I would expect the judge's decision to be mentioned in passing in a combined PR. Based on past performance, I think we will see a PR within a week to ten days.
I heard on Monday afternoon from Briggs Smith that Jim Porter was waiting for his copy of the order of final judgment to arrive before making his next move, but who really knows what Jim Porter's immediate plans might be?
I also asked Briggs about those two deals and suggested that it might not be too late to re-visit them, but he said they were gone. It sounds like Clay Franks isn't going to give up that easily.
Porter wants a signed copy of the release in his hand before making a move. Thinking out loud, I would say his next step would be to have his lawyer supply a copy to FINRA so they can set a date when the new symbol will go into effect (or just leave it up to FINRA to do it as soon as possible).
Porter will get on the horn and get back to whatever deals had been held up because of the legal quagmire. It's a shame that two deals that would have been immediately income producing were lost during the wait. At least, that's what I was told, but there are other projects under consideration and then there is the acquisition that will facilitate a dividend distribution to all of us true, blue Bayporters.
We can all look forward to some good times ahead. It feels like mid-July to mid-August will be our breakout month.
Thanks for that act of generosity, rubs1. We're looking great on the weekly chart -- nice accumulation going on, but it looks like we may not end green today.
The judge's decision is definitely PR-worthy and the symbol change must be just days away. The countdown to ignition has begun.
They were also waiting for shareholders to load up. I know you got yours, rubs1.
Of course, Jim Porter will wait until he has a signed copy of the final judgment in hand before taking the next step towards promotion and production. The new trading symbol is right around the corner as well as the long-awaited PR's announcing all that could not be presented during the conference call.
We might have missed out on a couple of deals because of the legal quagmire, but there are plenty of other opportunities in the pipeline that could be consummated in the near future. What we are especially looking for are situations that produce a stream of income right away to give Bayport greater credibility in terms of its ROI potential.
There were a couple of deals that may have slipped through their (EXTO's) fingers. Maybe this decision by the judge has come soon enough to revive them.
The link to the Final Judgment as concerns EXTO, which Anvil provided, states not that EXTO cannot function at all but that it cannot violate the noted SEC code concerning fraud and misrepresentation. The final line of this document states that there is no reason for the judge to further delay his decision
and that this final judgment should be filed by the court clerk.
According to my reading, the case against EXTO is closed. The only thing missing was the judge's dated signature.
The phrase in the opening paragraph "general appearance" refers to EXTO's request to be removed from the case. The judge writes that he is in agreement with the SEC code in this regard.
The question is how long it will take the court clerk to file the signed final judgment.
I hope I am right in my understanding.
As in Someday My Prince Will Come?
Would anyone have an idea as to when the judge might sign off on EXTO being removed from the case? Are we talking days, weeks or months?
They have not expounded on the connection with Occidental Petroleum, but those negotiations could put Bayport on the radar of many new investors when announced.
I'm not at all happy with all this sabre rattling at the Strait of Hormuz. It is a lot more disturbing than EXTO's lethargic pps. I'm heading over to the Coney Island boardwalk to get some fresh air. Have a happy 4th, Doog, and all of you other diehard Bayporters.
You could say the good news is that for the time being you can buy 1M shares of EXTO for $2500, if you're a gamblin' man.
If we get no news by the end of next week, we could easily be trading in the. 001's.
$250 in trades today going into the 4th of July. If the conference call gave shareholders
some hope of recuperating their losses, we should see more buying at these levels to average down.