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I hear ya sibware! patiently holding my shares. cheers
baypd check this out. link to oil and gas wells in wayne county wv
http://www.drillingedge.com/west-virginia/wayne-county
Completion of Acquisition or Disposition of Assets
On July 31, 2014, the Company and Bayport International holdings,inc.
("Bayport")closed on the Asset Purchase Agreement entered into
between the companies on July 9, 2014. Included within the assets sold by the Company were certain leases covering mineral rights, oil and natural gas wells, certain right of ways and ancillary facilities constructed by the Company for the delivery of natural gas in West
Virginia. The Company will file the required Bill of Sales, Assignments and Deeds with the designated County Clerks for the transaction.
At Closing, Bayport remitted the required funds as per the Asset purchase Agreement and issued to the Company three Notes with varying maturity dates.
http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=124781
looks to me like BAYP is executing on the plan and keeping to their word. RS was needed for uplisting and financing. the financing was needed for asset purchasing and bringing wells to production. My guess is significant revenues are starting. PPS should not be lower than presplit price and a pps rise is inevitable.
It is my understanding that the former owners did not bring the wells to production, possibly did not have the funds to bring the wells to production.
Confirmation of the closing of the asset purchase agreement is something we have been waiting on. This was a major deal for BAYPD, especially since they have in place financing to bring the wells to production.
Audit and uplisting coming soon, imo. GLTA
migrating to the OTCQB will be a good thing. hope the audit and migration happens soon.
perhaps they will report audited financials for 2012 and 2013 at the same time. The audited financials (which BAYP stated they were working on) may be a requirement for the $5M funding and closing of the asset purchase.
my shares are unlocked. looks like others are as well.
5 MM's now on bid and 5 on ask (6 total).
There were only 3 on bid and 3 on ask yesterday morning.
great start anyway... glad to see 4's taken out and holding the 5's. up 124% in 2 days.
baypd great find- website is being updated, new subsidiaries.
BAYPD glad to see news is being released on ihub again. Lots of irons in the fire here. Expecting great things here in days to come. glta
audit-uplisting-financing details-and assest purchase completion coming once D is removed, imo.
BAYPD-boots are on the ground at the Brown lease starting today!
Yes, shares listed as a number instead of ticker and still shows original number of shares on my td account.
Otcbb is better than pink and chances are audit is complete with up listing, $5m financing and assets purchase, IMO.
Yes, the promised up listing! Does this also mean the audit is complete?
E3 Petroleum is also in the deal. Anybody searched them?
What is the chance price goes up in days following split? My average is .0008. Debating selling my few million shares or holding.
When will it take place? Tia
Maybe in bizarro world. Bid 302M
Moderators, please remove the latest stickies. It is not a verifiable fact.
IMO, buyers are screaming sell. Stuck longs are holding....
125 well acquisition is huge. Deal has been in the works for over one year. Being inked end of this month. New era for bayp!
Agreed, bayp is a great buy at low price. News keeps getting better.
And more buying to come. Dumpage is over. four's are coming soon, IMO. Oversold.
Company should have added about $100k past three days to coffers. Should be able to get market wire and pr's running good, IMO.gl
Swift reversal coming soon, IMO.
Wth? Yes and no in same day?
nicely said, much more news on recent developments any day.
auditing firm working as we speak, per most recent pr. new attorney, new website, new products, new gas joint venture, all coming together hopefully higher pps soon. gl to all longs.
they be working hard to try to get 4's. 117M on bid there all week. no 4's have traded. mostly all 5's and some 6's. gl, waiting for the right news to run. it's coming, imo.
ceo has prior involvement with cosmetics.
.0005's get bought up every time. many are just holding and waiting for the right news to add more or start a new position, imo. more 6's trading lately than 4's. so far, no 4's this week.
If you don't mind me asking, Why did you just buy 9M shares at .0005? Please elaborate. Seems contradictory that you would buy, the way you talk poorly of this stock.
Nice .0005 share pick up. So, you must think there is money to be made here also. GL on your investment. Guessing you have bid at .0004 also?
read the pr's. BAYP said by the end of this month. Still two weeks left.
yep- bayp #22 on bob, sentiment and bid support rising.