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Only 1 MM had any stock down here too. The next MM was NITE and it was at .0279.
Smells like a short who's price to cover is going in the wrong direction, huh?
All bills are paid, and there's still over $300,000 left in cash.
Sounds pretty solvent to me.
The reason is simple... it's below the price for major brokers and it's way above the price for penny/otc players. We're stuck in limbo until they complete the next acquisition.
Give it 2 months then lets revisit. Bet we're in a completely different situation...
Another misconception is that oil companies sell their production immediately, and for current market value.
There are many companies who store it for future sale and some that have hedged by selling into the futures market for delivery at a later date.
Last summer the 1 year futures for sweet crude was in the $75 a barrel range. Those who sold at that point, leveraged the market and are profitable.
With that aside, I have a feeling that the .00XX prices are a thing of the past. One maybe two more days and we'll be well over a penny.
Level 2 was super thin at close. 1 market maker had less than 18,000 shares at .0135 and the next was sitting well above .02.
Something is up.
Yeah misstate what I'm saying.
However, EXCESSIVE is subjective. In my humble opinion any company in the PINKSHEETS who still has $300,000 left over after only 10 months of revenues but 1 year's worth of debt AND HAS PAID ALL BILLS ON TIME is doing something right.
Anyone who has a problem with that type of company really should not be in this type of market.
So go back to your big board stocks. You're not on ignore so don't bother replying.
You realize that quote is, in some form or another, on EVERY publicly traded company's financials right?
IBM has it...
Apple has it...
Google has it...
And all it does is protects the company from lawsuits.
That analogy is still idiotic.
That's a realllllllly stupid analogy.
One puts the company in manageable debt so they can expand.
The other is a ridiculous waste of money and is completely unmanageable.
If a "line cook" at McDonalds had $500,000 left over after PAYING ALL BILLS then I suppose the analogy might stand. But the fact is, it will not.
Agreed. They either need to convert JD's debt to equity or get another acquisition completed to ensure the shareholder's equity portion of the uplisting is handled.
At a dollar a share, we're stuck between the penny investor and the retail broker dealer. It's a tough place to be.
Good, solid news will help, IMVHO.
Seriously do you think that businesses grow by only utilizing cash available? IF that was the case no business would be more than a dream.
NAS has debt, of course, and they have sufficient earnings to PAY for the debt and still make a profit.
YES the next acquisition will need to be financed. Did you buy your last car or house cash? Some people can (me) but most can not.
Uh yeah they are. Everyone here has an agenda. At least you know what the company's agenda could be.
Seriously though, if you want this particular information you should speak to either the ceo or the cfo. Their names and email addresses are on the company website.
We will miss you Linda. Thanks for the time you served, and we're very glad that the Parole Board granted your release!
WOW THIS IS EVEN BETTER! ACCORDING TO THIS POST JD IS BIG ENOUGH TO MOVE EVERY RIG IN THE UNITED STATES EVERY DAY!
WOOOOOOOOOOOOOOOOOOOOOOOOOOOOWWWWW!!!!!
Really? You'd leave a $10 million dollar rig laying around in a field?? Thank god most real business people don't have that philosophy.
THAT'S THE BEST NEWS YOU COULD GIVE!!! FANTASTIC!!!!!
JD FIELD SERVICES GETS PAID TO MOVE RIGS! THE MORE THAT ARE REMOVED THE MORE WE MOVE AND THE MORE MONEY WE MAKE!!!!!
And when Oil prices come back up this summer, we'll move them again!!!
WOW THANK YOU FOR THAT GREAT INFORMATION!!!!!
A close at 1.25 would be very bullish.
100% buys at Ask again today. Up 20% on moderate volume. This is looking good.
We need to bring the spread tighter but I would say it's GO TIME!!!
If someone wants out then cost them as much money as possible. I lowered my bids.
Whomever was lucky enough to buy them is up over 100% in only a few hours.
Pretty smart in my opinion.
Not necessarily. It depends on how the shares were earned. If they were outright purchased, then yes it could be 6 months from the issuance date.
If they were issued for an acquisition or another type of contract, then it depends on the language in the contract. If the contract is for services for say 6 months, and the language states that they are a prepayment, then they will be restricted for 6 months after the end of the contract.
PROVE that they do not.
Wow nice average! Mine is under .10 now, but not that low. Good for you!
Creative Nutrition had their application halted because the municipality would not rezone the property from Agricultural to Industrial. Whenever there is an argument such as this, it's prudent for Health Canada to investigate and make a determination.
Additionally, the management team there is, well, shady?
Enertopia/Lexaria JV is not in the same municipality and already have clearance from the proper zoning commission to build when HC provides the Build Out letter.
Yeah the "economic recovery" has been exaggerated for sure. Notice the feds put out great numbers, but seem to revise them down several times over the following few months?
Only reason that unemployment numbers look so good is that they don't count those people who ran out of benefits and stopped looking.
Yeah a lot of people apparently forgot about Exit Only. They were a car dealer, then a Casino project, then a lighting company (or patent thereof).
In June / July of 2012 Lou Porter was going to roll Bayport Corporation into the shell and bring in some of his projects like a seafood processing facility but the funding partners wanted Jim's mining rights in here instead, so they did a management change and a name change instead of the reverse merger.
So all this crap about shrimp, lobsters, Mary Ann Canyon Neon Tubes is way over exaggerated. Neon Tubes was the patent from Exit Only. Shrimp, lobster and Mary Ann Canyon was from Lou and that never entered the public company.
When Jim took over he decided to try the mine, but oil and gas ended up being the smarter move.
Nope don't think it will get there by April 6th. I'll concede that I was wrong on the timing, although I think we'll still see that PPS.
Looks like things are taking slightly longer than I anticipated.
Yahoo is incorrect. The public company was named Exit Only, Inc until 11/2012 when the name was changed to Bayport International Holdings. Because this was a straight name change and not a reverse merger that means BIH did not exist prior to the name change.
Bayport CORPORATION which belongs to Lou Porter who has nothing to do with Bayport International Holdings was, in fact, created in 2008.
Bayport International Holdings has only existed since 11/2012, or right about 2 and a half years.
Company Notes
Formerly=Exit Only, Inc. until 11-2012
How did NAS make only $200? Rig moves are WAAAAY more than that. And I'm quite familiar with the concept of mathematics. What factors did you use to reach that conclusion?
What are you talking about?
Agreed... the stigma of the OTC markets on real companies does not help PPS one it.
Interesting, I do remember that they were working on a large acquisition. That could explain the extra quiet of late.
Time to put my snooping glasses on and get some information!
I think what the drop in prices did was to "devalue" the two acquisition targets. When oil prices drop, leases are worth less, associated business are worth less etc.
So now, find new companies ripe for takeover/willing to sell. I think we'll be better off this way.
All IMVHO of course.
I added several thousand over the last couple weeks in order to average down a bit. Think I'm also done for a while though.
Now you do realize that NAS & JD's main source of money is from MOVING RIGS don't you? When oil price drops, rigs are pulled and have to be.... MOVED... JD makes money. When oil prices go back up rigs are returned to the field and have to be.... MOVED... JD makes money.
The company released a PR stating that December was the biggest month in history for JD, and expect (based on current work load) that the 1st Quarter will also be outstanding, yet there is a concern over something in a state where JD is not represented?
Believe me I understand frustration with this company. They have stated several times that they were GOING TO DO SOMETHING but the universe didn't allow it.
If you're getting out because of oil prices, your logic is flawed. If you're getting out because you're sick of waiting, that's a completely different argument, one that I have to agree with.
I've been in this a year now, and have been constantly averaging down. So trust me I get your point of not being willing to wait any longer. SO good luck, and I hope you get out even (although I have a feeling you're not going to).
Not at all. I was simply wishing you a bon voyage. As you made your departure public, I assumed you wanted the attention.
Being the nice guy that I am, I granted you a farewell wish and gave you the attention.
Ok bye bye have fun.
Absolutely right. 55 million free to be traded, 175 million restricted for nearly 1 year.
If we get some attention here, this will fly with that small a float.
I hope this one gets shorted too.... they will BURN having to repay all that cash!!!
100% FALSE.
Bayport, according to their last financial, has loans totalling $88,000 and accrued wages totalling $75,000.
MY MATH SKILLS SUGGEST THE TOTAL IS FAR, FAR LESS THAN $500,000.
It's incredulous that evidence showing the company lies is fabricated!
Easy answer... anyone who held PREFERRED shares before the split.
This is one of Mikey's tricks. Sell friends preferred that can be converted to common, reverse the common but not the preferred. Let them convert when price is high.
He's done this twice in the past, this is the 3rd time.
8 years huh? Pretty damn amazing considering Mr Porter has only been CEO since late 2012.
That means it's 2020 already? How on earth did I miss the last 5 years?
If the opening statement is untrue, the rest must be as well.