Bayport International Holdings Inc. (BAYP)

[DragonBear]

SEC should be sued!-based on what?

Tickers that lie dormant for years, aren't violating any SEC regulations. `If the stock was registered with the SEC, then the SEC can delist them for delinquency in reporting, after a year. But a dormant Microcrap scam like BAYP wasn't registered with its stock. It has been free to trade till eternity.

The SEC isn't entrapping anyone. It's the tweeters of the world that are front loading, and then attempting entrapment of others. Something that's being investigated for BAYP. The SEC is probably very interested in investigating the Strickland vs Top Knot money connection. Including what role they may have in promoting the stock. If Clay was still been in charge of this scam, it would still likely have been a dormant shell like stock. Where nothing is illegal. No excitement over nothing. No 7X.

The true solution would be to require all OTC stocks to be registered with the SEC. And increase funding for the SEC to handle the increased regulation volume. Until that happens the Microcrap scams like BAYP will persist.