Bayport International Holdings Inc. (BAYP)

[Bansky]

I have very recently corresponded with the management of the oil terminal and they have emailed me a statement below. I even asked them about their possible stock ownership in BAYP, as last February BAYP issued 190 million shares and many posters in this room have posted that the oil terminal is the one who is the recipient of these shares. These 190m shares , now being one year old, are potentially available to be sold into the float this month.

Dear Mr. ……

Regarding your inquiry as to our association with Bayport, please be advised that one year ago we had a JV agreement . This JV agreement stated that BAYP would provide funds for a project at our facility, and in return, profit from any financial benefit thereof. As of today, we have received no funds from BAYP towards any JV project. If and when any updates happen on this JV, I am sure all shareholders of BAYP will be notified.

On another matter, we, nor our facility, have ever received any stock in BAYP, free trading or restricted, at any time. None of the 190 million shares issued last February were issued to us or anyone we know. We have no knowledge of who they were issued to. We have never benefited from any stock sales and did not go into any JV relationship based on BAYP shares. We went into the JV for the basis of making money off potential revenues.
We wish the best for the company and its shareholders.
Thank you for your inquiry.
JFK management 2/1/16