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He also missed a couple other payouts that were clearly stated in the IDS.
No big surprise though. Gotta find something wrong even if its made up.
I totally agree with you! Bayport is gonna make us RICH! You've hit the nail on the head, things are AWESOME HERE!
WOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOT
Thanks Anvil. Good luck to you on your ventures.
Thanks my friend. Hope you make a TON of money in the upcoming year, whether its with Bayport or elsewhere.
But that would really limit what they can do...
The foundation is laid perfectly here. Couldn't have asked for more.
LMAO! The documents clearly say "RESTRICTED" and since EXTO is an Alternative Reporting company, the shares are restricted for 1 year from the date of the contract.
Since Bayport just came in July, the EARLIEST the restriction period could be is until July 2012, over 7 months from today.
Yep we'll both make tons of money! Welcome aboard! You said you'd buy when Fins come out, they're here! Grab a position and lets Take this thing TO DA MOON!
100% Agreed!!
Big money is here, and is going to make even BIGGER money.
1 Year Restriction Period as they are "Alternative Reporting Standard."
Glad you're on board here, let's make a TON of money!
Toldja we were close. Sooo Sooo Close. But now its done. Sooo Sooo Done.
I like RESTRICTED and DEBT FREE and HALF A MILLION DOLLARS IN ASSETS.
I bet you do too dontcha?
Hitting the street in a Year as they're RESTRICTED? Ok, I think that we have time to trade this!
Thanks for the support, glad you're in this one!
Does this mean I'll be rich? It does? YAAAAAAAAY
Thanks for the info! You ROCK!
What I'm saying is that on the website, seafood is listed as FUTURE PROJECTS not as a "subsidiary" or as a "division."
Ergo, they do not need to be listed on financials as they are seemingly not necessarily part of Bayport.
Kindly explain this part, my feeble mind can not decode what you're asking...
So who is paying for this business operation? Where are the profit/losses booked?
Why on Gods Green Earth would you buy into a Seafood company when Mining and Oil and Gas are the main focus?
Even the website says FUTURE PROJECTS and has Seafood listed.
In my very humble opinion, mining and oil/gas allow for much much more volatile PPS (in a good way) than boring old seafood.
2 other scenarios you have missed include:
1. If Jim or Lou personally owns the Seafood side and has not chosen to include it into Bayport public company YET then it does not need to be included in GAAP standard financials.
or
2. If Bayport has an Option to purchase a % of an existing Seafood business then it also does not need to be included in GAAP standard financials.
Bear in mind that OTC Markets does not require GAAP financials. They only require that the company certify that what is given to them is true and correct to the company's best knowledge. A person can generate financials on a basic accounting program at home and upload them if they chose.
Bayport has chosen to use Accountants and a CPA to do their financials. Therefore they should be looked at as legit or the CPA would never sign off on them.
My humble opinion / 2 cents.
*Yawns*
This empty rhetoric is very boring.
*YAWWWWWWWWWWN*
Seriously, how many stocks with Reverse Mergers have you seen that got slapped with a CE sign? Answer is not very many. The vast majority are given this designation without having a new company take over... promotions, too many reverse splits etc.
I've been doing this for a living for a LOOOOOOOONG time and I can count the number I've seen on one hand, and still have fingers left.
I'd be very interested in seeing what ones you're referring to. Please provide us with clarification.
I bet representatives from WTWO are saying this exact same thing.
"Please let the bid get up to 2 cents so we can dump more shares!"
Then we crow about a $150 paint job every day till they come out.
Better question is WHAT WILL YOU DO WHEN THEY COME OUT?
We are SoooooooSoooooooSoooooooCLOSE!!!!
It's the Upload button, and you're right... a state of the union address isn't monitored for accuracy.
PROTEONOMIX, INC. (OTCBB: PROT), a biotechnology company focused on developing therapeutics based upon the use of human cells and their derivatives, announced today that it has completed all payments required from Proteonomix to commence a Clinical Study entitled "UMK-121 in Patients with Liver Disease."
Double Post please delete this one. TY.
Seriously? Shorting a .0002 stock? One tick up the shorters lose 50%.
No competition for shares then! Good!
This is the week!
WASHINGTON—New rules for major U.S. exchanges promise to make it harder for foreign companies to enter the U.S. market via "reverse mergers."
The SEC has suspended trading in at least six Chinese reverse-merger companies this year.
The new rules at the Nasdaq Stock Market, New York Stock Exchange and NYSE Amex could make it harder for foreign companies to enter the U.S. market by buying existing U.S. public shell companies in order to attain a public listing and sell shares to U.S. investors.
The SEC has warned of systemic concerns with the quality of the auditing of Chinese firms' financial reporting as well as the limitations on the ability of regulators to enforce the securities laws and for investors to recover losses tied to fraudulent disclosures. The agency has said it is working with Chinese regulators to address these concerns.
LOL? Bad R/M news in the press? This i gotta see... Please point out all this "bad R/M news" for us.
Hmmm lets see here.
Oh there it is....
Huh.. the SECOND SENTENCE.
With this acquisition, Bayport Corporation has obtained the controlling interest in the company.
With this acquisition, Bayport Corporation has obtained the controlling interest in the company.
With this acquisition, Bayport Corporation has obtained the controlling interest in the company.
With this acquisition, Bayport Corporation has obtained the controlling interest in the company.
With this acquisition, Bayport Corporation has obtained the controlling interest in the company.
With this acquisition, Bayport Corporation has obtained the controlling interest in the company.
More bad information.
In the case of reverse mergers, OTC Markets will remove the Caveat Emptor designation upon qualification for Current Information or, for SEC filers, with the submission of a super 8-K, with no 30 day minimum.
The 7th sentence without proper context does give the appropriate message, however, taken within the scope of the entire wall of text it reads like this...
If all the filings were ready, the process shouldn't really take that long. The attorney needs to interview management and the directors, review the filings and resubmit it.
Your discription of the process indicates that the sequence is post-creation of the filings. That is definately not the case.
The attorney interview is the very first thing that happens, and is immediate after the hiring. That was done back in September.
Accurate timeframe representation is important. As a "retired analyst" you should know that.
Everyone who has taken the time to call the company or IR has gotten these answers.
First, the information that the company received when they contacted OTCMarkets was that a form and a check for a couple thousand bucks was what it took to remove a CE sign.
That is correct IF the company is already PS Current.
Unfortunately Bayport was not, and had to go through the process of getting current. They hired an attorney and a CPA to get things cleared up.
The attorney told them to be totally silent with regards to released news. No PR's no published updates.
As you can tell by doing your "analyst" DD that nothing was submitted to OTC Markets yet.
Also as an "analyst" you should know that the first thing that an attorney does is interview the Management. The VERY first thing. Reason is that should one or more of the management team be not capable of holding that office, they have to be removed. Any paperwork that was filled out by that person is invalid and has to be redone.
Thought you of all people would know that.
They did not "botch" the filing process the first time around as there has not been any filings done, ergo nothing to "botch."
Management provides plenty of clarity should you take the time and do the appropriate DD by calling IR.
Here is EXACTLY what you said.
OTC does not have a time limit on how long a company can remain Caveat Emptor. It's entirely up to FINRA on this issue.
It's entirely up to FINRA on this issue.
In my very humble opinion, the Financials etc will be uploaded as soon as they're done. I think the company wants the monkey off their backs and does not give a rip about PPS.
The only reason they'd want to hold them back is for more publicity, and no respectable company will do that.
Glad you have shares here. I'm sittin on almost 4m myself.
He probably called at Midnight.