There is certainly nothing illegal about posting news under the EXTO symbol while we wait for the symbol change, but the lawyer may be very concerned about Bayport announcing developments that are wild exaggerrations, like the gold mine that was supposed to begin production last October.

I think the Porters were much more careful with what they presented on their website, at least until they announced they were trading under the BAYP ticker. Otherwise, the website has told a true story about the Company. That's why I suggest they go that route to update their shareholders.

It would be nice, for example, for the Company's President to post a personalized letter on the website to introduce himself and to explain the delays we have had to tolerate these past few months, begging our pardon. Just my opinion. And he better have someone proofread the final draft for grammar, sentence structure, redundancy and truthfulness.

The Company's President should make up his mind just how long he is willing
to wait for FINRA and then let his IR guy take it from there. He should set his own deadline and then take the bull by the horns and start rolling out the PRs. IMO

He must have slipped it into the original document, then. It was obviously written by someone besides the lawyer.

Thanks for your astute comments.

Everyone who said PRs will now flow is jumping the gun, I believe. The dividend announcement was something Mr. Porter sneaked into the amended report. I
wonder whether his lawyers actually approved it first. Other than that, the news it included was about a lawsuit that named EXTO as a defendant. That kind of news is never good for the pps. At least we found out what is holding up the symbol change.

Whether EXTO will be dropped from the case is still in the hands of the judge, right? In other words, we don't yet have a clear idea when FINRA will approve the change. Bayport hasn't really gone ahead with its release of actual news of the company's recent progress, so we're still in a wait and see mode.

The pps will not rise without real news. If it drops any further, a recovery will be that much harder. I would suggest that the Company immediately make use of its website to update the info concerning some of the new projects that are already underway as well as those divisions already active under the corporate umbrella. At least that will help us avoid a disastrous decline below current support levels. GLTA

Of course they won't announce anything of substance regarding this dividend for quite some time because there is really nothing to announce. It is all pretty much pie in the sky since there has been no acquisition. And during whatever negotiations will be taking place, both companies will be contractually restricted as to what they can say about whatever progress s being made.

My point is that it was entirely premature for Bayport to even bring up their contemplated dividend distribution. The amended report was meant to cure the problem with FINRA to enable the symbol/name change to go through. The section about a future dividend that may be declared some day in the future was obviously not part of the original document prepared by the legal team. Jim Porter did the same thing in the past, adding unsubstantiated forward-looking statements to press releases as bait to entice shareholders to put their money into his company.

Personally, I believe he should have waited to tell the world what he is contemplating until there were actual facts such as those previously mentioned that he was in a position to divulge. All IMO.

Bayport recently announced it is "contemplating" a dividend distribution. This would come about through a trading entity that has not yet been acquired and is thus far unnamed.

Based on our observation of what we have seen other pinksheet companies do, we anticipate that an acquisition will take many months to materialize. If Bayport decides to purchase a listed company and then distribute its shares as a dividend to Bayport shareholders, we think it could easily take until the end of 2012 for these shares to be delivered into our accounts. It is also possible and even likely that these shares could be restricted for six months or longer. I guess we'll just have to wait and see.

Bayport says it will provide further clarification of its intentions at a later date. We look forward to the announcement of the name of the company they seek to acquire. We would like to hear from Bayport as to when they think such a distribution is likely to take place, and the date of record they have chosen or will choose. It would add to the excitement if they were to also announce the ratio of shares distributed to shares held in EXTO/Bayport.

Thank you, haminator, and have a great weekend!

restricted stock -- yes, you're probably right about that, and date of record probably 12/31/12, but no one will know for sure until after the acquisition takes place and this trading entity's board of directors officially declares the dividend.

(I was actually a shareholder in a pink that distributed a cash dividend. Because they sent it out by Western Union, many of us did not receive it. The Company collapsed soon thereafter.)

Mat -- By "truthful" I mean presenting actual facts. For them to post on their website, for example, that they were trading under the symbol BAYP was not a presentation of fact, only fiction. And in today's report, for them to not state clearly that the dividend they are contemplating will be stock and not cash could also be taken as misleading.

When they suggest the dividend will be distributed from a "trading entity" that has not even been acquired yet, I believe they are holding this carrot out to entice shareholders to not give up on Bayport, although the idea has no real basis in fact. Let them "declare" a dividend, then talk. That is what I mean by truthfulness.

You're right, Mat -- It was actually posters on I-Hub that gave everyone the impression that the delay was due only to FINRA's backlog of cases, stating that Bayport had submitted all of the necessary paperwork weeks ago to move forward with the symbol change. No one here ever mentioned that the delay was related to a court case brought against EXTO's previous management and that Exit Only, Inc. was named in the complaint. Now we know.

"A special dividend has been contemplated to date. Details will be announced later in the future after the trading entity to issue to shareholders has been acquired."

I think this means Bayport is planning to acquire another listed company and will distribute a portion of its shares as a dividend to existing Bayport shareholders at some future date. At least that is what they are contemplating.

In general, the report is clearly presented, except for the section quoted above which was obviously written by someone else less proficient in the English language, probably Jim Porter.

If anyone has more information about this "trading entity,"
please share. If someone knows as of what date of record Bayport shareholders will receive the dividend, please let us know.

I'm glad the Company finally spoke truthfully about its dealings with FINRA and let us know that the new symbol will not be granted until a pending lawsuit has been resolved.

TBE -- This has been Jim Porter's thought process all along -- he thinks it is justifiable to present what is actually a forward-looking statement as if it were already an accomplished fact.

No one has ever traded a single share of BAYP, but Porter claims on his website that this is the current symbol if you want to buy shares of his company. Then if you click on News or Charts, all you will see is EXTO. The symbol BAYP is nowhere to be found. What could possibly be more confusing for a potential shareholder who has become interested in putting his money into Bayport?

Let's not put the blame on FINRA for conducting "business as usual." The problem here is that Jim Porter is not clear-thinking
enough to keep his website correctly updated for the sake of new investors.
Nor has he lifted a finger to keep current shareholders informed of the Company's recent progress.

I still hope to show a profit when I sell my shares of BAYP, if
when all is said and done, that is the symbol FINRA actually assigns to the Company. As of right now, I have no reason to believe any of Jim Porter's forward-looking statements, including when he tells us a month in advance what the new symbol will be.

I agree that there is no substantial reason to not update shareholders, if only by posting some news on their website. After all, they saw fit to post the new symbol and to foolishly state they are already trading as BAYP. All they have to do is change that to EXTO and they will be in compliance with the actual facts.
Then they can report on some recent developments with a single paragraph to satisfy everyone's thirst for information. This way, Briggs won't have to keep back-pedaling when he speaks to shareholders and tells them what he expects will happen and when.

We're reaching a good level to buy more shares and double your money if you don't mind waiting a month for a PR. IMO

Briggs reads these comments. I recommend that anyone who is dissatisfied with the way management is dealing with this situation should voice their opinion here. No IR guy could possibly be happy to see zero trading volume in a company he is supposed to be promoting.

I don't think they have proven they are "good guys" yet. I will not soon forget the misleading and exaggerrated PR's they published when they first took over EXTO. They changed their Wild West approach on the advice of their lawyers who probably told them they risked going to the slammer because of the false claims they were making. Briggs is a nice guy, but what have we heard from Jim Porter in all of these months? Nada! All I know is that he approved those PR's that turned out to be filled with unfounded speculation. Before I say these are good guys, I would like to hear an explanation from the horse's mouth, Jim Porter, as to why everything they try to do takes forever to materialize.

It is not that Jim Porter and his team completed their FINRA application five or more weeks
ago, as some would suggest. It is obvious to me that they have been going back and forth
with the agency to get it straight. I prefer to think Jim Porter is not intentionally stalling
at this stage of the game, but all things are possible. Our problem is that the IR guy himself has no idea when the symbol change will take place and the PR's will flow. He told me he is not even sure how long we will have to wait for the first PR to hit the wires after the symbol and name change do go through. This is not at all surprising, for we have seen this same pattern of confusion going on here since day one.

They have made themselves look like idiots by announcing on their website weeks ago that they are already trading under the new synbol BAYP.

That's about 769 times the current ask of .0065. Close, but no cigar (for Lou).

Nothing really to celebrate yet, especially for those who bought shares above .01.

I guarantee you -- Briggs doesn't know if the symbol change will go through today, tomorrow, next week or next month. When I see a poster saying, "My guess is Monday" and another predicting by April 1, and so on, I see that as a shot in the dark, or just plain old wishful thinking.

If some shareholders have more information than others, why don't they share it on the board with everyone instead of with just a few by PM? I thought that was the purpose of this forum.

Personally, I would like to know about the mine that was supposed to be producing by the end of last October, and about the $50M IPO that was supposed to be underwritten by Aegis Capital. I would like to know why the existing Bayport seafood business was not included in the Company I invested in. We have heard nothing recently about revenues and so many other aspects of operations. As far as we have been told, the only employees are the Company's two officers. We really know nothing except that there is a plan. I have been here for nearly one year and own many shares. I also would like to see BAYP succeed, but I think the Company should give us some information while we wait for FINRA to do its job.

If someone doesn't agree, that's fine with me, but if you say I am whining, I say you have blind faith.

I already spoke to him weeks ago about the time factor with regard to approval by FINRA and it turned out he didn't really have any more information than we did at the time. During this blackout period, the IR department of EXTO/Bayport appears to be operating in the dark, just like the Company's shareholders.

Sounds like they are not showing FINRA what they want to see. I was told by FINRA that a name change and symbol change usually just takes "a couple of weeks." I believe there is more going on here than just a FINRA backlog of cases. Otherwise, why does Bayport still have to do "everything that is humanly possible?"

Will there be a freeze on trading while the name and symbol change go into effect? If so, I wonder if the Company will issue a PR during the freeze or wait until free trading begins again. What do you think?

I've been accumulating since 3/31/11. Time's up. Let's go, Bayport!

Exactly, Chile -- The Company's fiduciary duty is to its shareholders, not to its lawyers. The officers tell the lawyers what they want to do and the lawyers inform the officers of the legal implications. They lawyers don't run the business. They advise from the standpoint of what the law allows and requires. There is no law prohibiting the Company from releasing information about operations, as long as they deal in facts, not wild speculation. After so many months of maintaining silence, the officers may want to release some information before the share price further erodes. Were talking strategy, and strategy includes keeping shareholders informed. What once was considered to be in the company's interest may no longer be so. Managerial decisions are fluid, not written in stone.

The Company has a duty to keep its faithful shareholders updated. Their ongoing silence after all these months of blackout sends a loud message that the principals don't give a hoot about their shareholders. Who cares what the lawyers said about sharing information? They probably didn't think it would take this long for a symbol change. The situation is different today, and shareholders are feeling frustrated. Briggs should get on the phone and ask Jim Porter to give him the green light to update us on the Company's current operations. And they should be getting in touch with FINRA to find out how much longer this will take.

At least that's what I would do if it were my company.

I like seeing a clean balance sheet with $315,905 in capitalized mining expenses. Nice! A start-up enterprise with no deficit to speak of in retained earnings is looking very healthy. And no long term liabilities, a big plus in anyone's book. I'm holding a sizeable position, and I'm quite ready for ignition this week.

Yeah, I saw that and as we all know, we cannot expect to have an exact timeline when dealing with gov't. agencies, but I still believe we will have ignition next week.

Who can predict anything with certainty? I began buying EXTO at .0037 and am somewhat disappointed that the pps is still at its present level. I do see this, though, as a multi-bagger over the next couple of months based on the string of PR's we will soon see the first of. My expectation is that the symbol change will go into effect by Tuesday the latest, and that a PR will hit the wires within a couple of days thereafter. There are no guarantees, only delays, when dealing with administrative agencies like FINRA. Call it intuition or a gut feeling, but I believe ignition is scheduled for next week.

This change of CUSIP/stock symbol is no smooth process. From what I could understand, an application was filed some time ago but then more forms were requested by FINRA. As with all other government agencies, this is par for the course. Everything was completed by Bayport in a timely manner and has been in the hands of the agency for a while now.

It won't be long before these changes go into effect -- perhaps one or two more business days, from what I am hearing. I don't know how soon the first PR will be released, but it will not be more than a few days thereafter. This thing is ready to explode. Hold on tight to your EXTO shares. They will be worth a lot more by the end of next week. IMO

Can't wait to see all the deals that are in the pipeline. After the symbol change, a string of PR's will give our pps a jet propulsion booster that could last for months.

An agency like FINRA makes applying for symbol change more onerous
than can be imagined. According to IR, though, after a little back and forth between Bayport and the agency, the probability of it getting done this week is now very high. Lock and load.

Nice trading channel, TC. Many here are expecting this to be the week Bayport's new symbol goes into effect. That will be followed shortly thereafter by the first of an extensive series of PR's giving details about the Company's operations, especially those that are poised to produce revenues.

Bayporters! Prepare for exciting times ahead.

This is a completely reinvented entity, much different from the cowboy show we were watching just a few months ago. Henceforward, all PR's will be reviewed for accuracy by the legal team. No more fiction, only facts, realistic projections with full transparency. I'm holding a ticket for the Bayport Express and my gut tells me we're pulling out of the station this week.

Once the new ticker is awarded to Bayport, all eyes will be on this Company in anticipation of some very substantial PR's, one after the next. Each announcement will clarify to a greater degree exactly what progress has been made to date in each of its divisions and what they are willing to project in terms of future growth. As long as they are realistic and down to earth, I expect Bayport International Holdings to remain in an uptrend for a long time to come.

Would be nice to see a PR this week.

I don't think anyone in Bayport management is concerned when pps swings up or down in the magnitude of one tenth of a penny. They know doing things at this point in time in the proper order will pay off big time down the road. Build the foundation first -- that's what they are doing -- and when that stage is complete, roll out the PR's.

We have to put Bayport's past behind us. From here on out, we will be looking at a re-invented Bayport Corporation that closes one deal after another in 2012, giving our shares added value. They will execute their business plan under the advisement of competent legal and accounting professionals. This could be one sweet ride!

Much greater sustained volume will be required to break through .012.