Bayport International Holdings Inc. (BAYP)

[DragonBear]

The last news release had a statement by BAYP that they did not participate in the JV partner financing.

That's because the only means for BAYP to finance anything is to give out their worthless paper stock. They have no cash. And no commercial bank would make a loan to them against their plugged, and dry wells as collateral.

As for the control of BAYP, IMO BAYP never gave the JV partner 190 million shares but rather gave it to themselves to retain majority equity control of BAYP.

The Porters do not need to issue 190M common shares to themselves to retain majority voting control of BAYP. They ended Dec 2014 with 24M Preferred Shares, representing 24B votes (e.g. each share has 1000 votes). There is no "equity" control, because there is no equity for BAYP company value.

However, Shameberg isn't providing his name, and JFK Terminal scam angle for FREE. Shameberg got shares, or cash (courtesy of an affiliate taking stock for cash), or a combination of both. That is what BAYP brings to the JV - stock shares to dump for Shameberg, associates, along with the Porters.

The selling of paper over the past several weeks came from two note holders that had 9 million shares as well as others that held positions but awoke to see volume. The float then went from 45 million shares to at least 54 million.

And you know this by what means? There is the MMSM link and 4M share dump announced on 05-May. Linky for the other 5M? Not doubting at all we have another note conversion. Which makes it that much more interesting. Wonder how many more debt note time bombs are waiting to go off?

The OS is not a big concern until it becomes part of the float.

Be it 4M or 9M recently, the PPS collapsed. There's another 31M of common stock waiting in the wings, independent of these debt note ticking time bombs.

Only in the microcrap world is the OS no big concern. Why? Because the stock has no real value in these scam stocks. Yes, the only concern is how much appetite does retail have to gulp down paper, before they burp.

Next step is for the Porters and Shameberg to wait for the current dump to complete, and get out of the way. No use wasting warm up PRs for the benefit of affiliates, until they are ready to dump themselves. The summer paid P&D better be good with lots of money paid to the 3rd party promo sites. Hilarious would be the idea of a couple more time bombs going off before or during, completing with the planned dump.