Bayport International Holdings Inc. (BAYP)

[Sheepdog]

MMSM announced they purchased a $20,000 convertible note. They didn't say what they purchased it for. Because they purchased, converted then dumped it, my guess is that they purchased it for about a 80% discount...or about $4,000.

I don't think anybody would pay full price for a $.05 stock when the trading price is $.008

We should be able to tell in the next quarterly. Unfortunately these reports are prepared by Porter and so screwed up, it is hard to tell about anything but what is NOT in those reports.

Remember vis vires also announced it is in a similar, but magnitudes larger, position.

There is currently about $350K of dept convertible in this manner at $.00005...or about 7 BILLION shares