Bayport International Holdings Inc. (BAYP)

[DragonBear]

Did they say they SOLD 195M shares

[/quote]or ISSUED those shares. I do not remember. As there is a difference to me.[/quote]

Yeah the difference is the following:

They exchange (SOLD) shares for cash up front to an affiliate. The affiliate holds one year, and then dumps to get a profit. The cash goes to a Shameberg of JFK Terminal scam fame, as an instant reward for his participation in the JV scam, or providing the scam angle.

or

The shares are issued to a Shameberg and JFKT friends. They then have to hold for 1 yr before getting their reward.

Keeping in the BAYP tradition that everything is FREE, BAYP did not say whether the shares issues were exchanged for cash, or just given out. But the bottom line is the O/S took a huge dilution hit. In the meantime the insiders plus affiliates get to dump millions of shares this summer.