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.0002 x .0003 on SOLID volume. GO BAYPORT!!!
Another ZERO VOLUME DAY on this POS. Last one out turn off the lights. Show's over.
No, BAYP is Bayport International Holdings, Inc.
Exit Only no longer exists.
It's been maxed for over a week. Any cries of "dilution" fail simply because there are no shares to dilute with.
THIS is the time for a big bounce! If I was short right now I'd be quaking in my boots.
Impossible. AS/OS has been maxed for a week.
Besides, 16 million shares all bought on the ASK is dilution? Wish more companies diluted by selling on the ask!!
Something is definitely occurring here. Lots of accumulation at these prices is a good thing. Wonder if they're getting ready to announce dividend information for the companies they're bringing public?
All for a Big Mac Extra Value meal, large sized, with a Coke. That's about all GDSM is worth.
Why would anyone like a CEO who has dropped shareholder value by 80% bid side and 60% ask side in the 2 months he's been in?
What has he done to make ANYONE like him?
By doing DD it appears neither one owns 25,000,000 shares. So neither?
BWAKBWAKBWAKBWAKBWAK!
The only funding that currently exists for any publicly traded company who is not SEC Fully Reporting is either debt purchase or 504 through a company like Fairhills.
None of the better funders will TOUCH a company who is Alternative Reporting Standard.
You said it yourself.. the guidelines are looser.
Once the publicly traded company acquires an asset what do they do? They issue a PRESS RELEASE. Therefore it's public knowledge that they bought it.
Mike Shea is in Wilton, CT. The oil wells are in Texas. Read the excerpt from the press release below:
And lucky for shareholders too! Look what he's done.
PPS has gone from .0005 x .0006 down to .0001 x .0002!
WOOO GOOD JOB SHEA! YOU"RE EARNING YOUR MONEY BRO! WAY TO GO!!!
80 loss from bid price. That's consumer confidence if I ever saw it!
A short on a .0001 x .0002 stock? Really? LMFAO! A short.. bwahahahaha too funny!
lol 150 share paint job. Cost someone $5 or $10 to do.
Where is the company going to get $500,000 to pay for this?
1. Alternative Reporting Standard means that they can not go to a bank or other financial institution and get a loan.
2. $5,000,000 judgement vs the company means that any and all assets of the company can be seized and forfeited to repay this lien.
3. Private funding is not going to happen, as soon as the funder sees the aforementioned judgement, they'll run because the asset can be taken.
4. .0001 x .0002... by doing reckless 504 and debt conversions look where the price is now. How much did they actually raise? Maybe $40k! So they'd have to dilute more than 10 times what they already have in order to pay for this acquisition.
5. Dilution math... at best he'll receive a 50% discount to market off the bid price. The MOST shares that can be given will be 9.99% of the total OS or that brings the funder into a beneficial owner position and they can not sell shares. So here is the math.
OS is 1,179,887,089 as reported on OTCMarkets.com. I surmise that this is higher as they have done multiple fund raises since August 15th, but for arguments sake we'll stick to the reported number.
9.99% of 1.179 Billion is 117,782,100 shares. This is the most that a funder can control without being in violation of SEC rules.
50% of the current bid is .00005. (assuming that the bid stays at .0001 for the duration)
117,782,100 times .00005 is $5889.10
$500,000 divided by $5889 is 84.90405 (the number of capital raises required to pay off the 500k)
84.90405 times 2 weeks is 165 weeks which is over 3 years (assuming that the time from cutting the shares till the time the funder is completely sold is 2 weeks. Industry is more in the 3 week range but for arguments sake this will be reduced)
117,782,100 times 84.9 is 10,000,178,298 (total number of shares into the market in order to get $500,000 usd)
So we have:
89 rounds of dilution
10 Billion Shares produced to pay for this at current price.
3+ years to get completely paid for
What impact will that have on the current price? Can it hold .0001 x .0002 so the OS increases 11 times its current size? I seriously doubt it.
This letter of intent is nothing more than a way for the New Boss to raise the selling price of the stock so he can dilute and pay himself.
He has no intention of actually buying this well.
The seller of the well has to be on CRACK if he thinks that the company can somehow raise the money for this. Not to mention, with the oil boom currently under way, what's wrong with this property so the owner can take a "Maybe we'll pay for it someday" from a .0001 x .0002 pinksheets company?
Basic math... $20k for 2% working interest is proportional to $50k for 5% working interest now isn't it?
This has SCAM written all over it. If they can't afford more than 2% of the well in Minnesota or wherever it is, how do they afford $500,000 for a shut in well in Texas??
"Meet the new Boss... Same as the old Boss."
Thats why that check had the company name handwritten on the top left corner.
Sad though, that investment was $50,000 and he only paid $20,000 of it? Wonder if they lost the $20k or if they'll get sued for the remainder?
That's NOT his cash at all! Look at the HANDWRITTEN portion of the top left where the bank would normally imprint the Name and Address of the account holder.
What's it say? Yeah Gold Coast Mining Corp. Granted he signed the check because he's the CEO, but this money did not come from him.
So the freak out over this motion was ludicrous. Just as I thought.
It has to do with dismissing the lawsuit vs the banks not vs Dick et al.
What an idiotic reaction from someone without all the facts.
Motion to sever AND to dismiss? Sounds to me like either:
1. One party decided to settle and EVRM is trying to dismiss the case against them.
or
2. The defendants are trying to posture themselves in 2 cases instead of 1 in an attempt to use more of EVRM's funds, thereby slowing down the cases.
I find it hard to believe that a judge would grant a dismissal, although the sever might be applicable under certain circumstances.
Either way, THANKS FOR THE CHEAPIES IDIOT SELLER!!!!
Yeah 2 Questions:
1. How much did the Promo cost you?
and
2. How much dilution did you do into it?
Whomever the company sold shares to has had a pretty tight rein on this for the last few days.
The agreement with the company is at least 2 weeks old, and maybe as much as a year plus.
So while the company has raised money, they are not actively selling into the market. That's simply not possible.
But the entity that bought the shares FROM the company is definitely dumping their position.
Can you believe this? A quote from their PR today.
If I had more available cash I would be at these prices too.
Over 299,000,000 shares diluted with over 170,000,000 going straight into the float since the Reverse Split in February.
Yet the CEO deserves a stock bonus???? For what? Their K filing had less than $10k in cash, no tangible assets and a ton of debt.
Smells like a stock selling scam to me.
Someone somewhere has a copyright on it. That quote is directly from the company website. Guess we find out who owns it and let them know of the infringement case.
Of course, collecting wouldn't occur... the company has no money, no assets, and a TON of debt.
So they sell ALCOHOL, TSHIRTS and ANABOLIC STEROIDS.
That mean that Major League Baseball players are their target audience?
EDIT: Just saw the name for this particular cocktail...
This volume is obviously a promo. Someone paid for it. Whomever paid for it is doing so in order to sell shares.
Generally speaking these shares are company issued at a discount to market.
Look at the history this year. Reverse Split reduces OS to 161000 shares. Now they're over 299 MILLION shares.
Yet they have no revenue, and only a few thousand dollars in tangible assets?
In 8 months Share Structure has gone from 161,000 shares to well over 290,000,000 shares currently.
Sure looks like FORWARD Dilution to me.
Reverse would be if the company has decided to buy shares back. Is this happening?
The only "Reverse" here is the 1 to 1000 REVERSE SPLIT that the company SCREWED SHAREHOLDERS with.
Now they're more than 150,000% higher OS than from the Reverse. That seem like "reverse dilution" to you?
MASSIVE DILUTION TAKING PLACE!!!
2012 revenue -0-
2013 revenue YTD -0-
2012 net loss $3,850,437
2013 net loss YTD $10,289,542
2012 Current Assets $5,000
2013 Current Assets YTD $9,012
No revenues, no cash, no assets yet they pay the CEO a "BONUS?"
I could care less if they do a Reverse Split or not. I have no shares of this company, and have not had any since it was .002+
So REVERSE AWAY! Who cares?
POS heading to Triple 0's.
100% RIGHT! NOBID x .0001 IS RIGHT AROUND THE CORNER!!!
The lying RAT BASTARD MANAGEMENT TEAM does NOTHING but dump shares on the head of unsuspecting shareholders.
ZERO money ZERO revenues ZERO assets. No other choice but to be a scummy share selling SCAM!