Bayport International Holdings Inc. (BAYP)

[Sheepdog]

It's entirely possible there was never really a deal consummated for those properties in the first place. If that is the case, then the PR announcing such a deal would have required a PR correcting that. And that seems irrespective of whether this is a reporting company or not. Porter has no obligation to report such, but if he chooses to, then he must follow through and correct any "errors" made.

Of course that would also create a problem with having booked those assets all along in his "published" in-house dribble Financial statements.