Wednesday, March 31, 2021 12:01:36 PM
Interestingly, BAYP's Outstanding share count ballooned by over 300,000,000 newly printed shares just after the shareholder crushing Reverse Split was executed. Why the newly printed shares?
It would be a good bet BAYP, under the astute guidance of conmen Paul Strickland and John Kellas, was in the process of doing as they are proposing to do over at BAYP's "sister" SPRV. Unfortunately the SEC raised its ugly head and got in the way here at BAYP!
Yesterday, SPRV reported an intention to file an SEC Form S-11. An S-11 is mandated for companies intending to become REIT's. BAYP has now got a big problem! By getting whacked with a March 2021 SEC Trading Suspension and being designated Caveat Emptor by OTC Markets, the REIT option is likely off the table. The SEC will NEVER approve an S-11 for BAYP! Actually, it is quite possible that BAYP, being an SEC non-registrant, is not allowed to file an SEC Form S-11!
BAYP is now a dumpster fire!!!
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