Bayport International Holdings Inc. (BAYP)

[DragonBear]

Here's a new twist...

We already know what the 300M new shares were about. An arbitrary figure in trade for past debt. Unclear is how Strickland intended to directly benefit from this. Although the SEC probably has an idea.

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!

The S-11 is a substitute for a S-1 with Reits. BAYP "dude news" claims it's interested in filing an S-1. Does owning a plugged oil well in Oklahoma from the 1990s permit BAYP to get around filing a S-11 instead? With the company pretending to be a real estate investment company?

Either way a filing to register the stock with an ongoing informal SEC investigation, is equivalent to performing a self hanging in front of the SEC, for a Microcrap scam. With a Strickland having to go on the record. Which can then be used against him after the S1 takes effect (typically 30 days). It's more likely Strickland will never file a S11 in the other stock or a S1 in BAYP. But "intent" might be good for a PR pump. If he does ever work up the courage to file, he better have a lawyer telling him to withdraw it.