Bayport International Holdings Inc. (BAYP)

[LostTexan]

Very good. This relates only to EXTO. I have heard that the casinos that are in Indiana want to move on to land. The state needs to vote on it. If the state agrees, EACH casino that moves will have to pay a "moving tax" of $50 million dollars EACH. In Gary Indiana, there are two casinos that are owned by the same guy. He wants to combine the two casinos and move on land, only paying for one "move". State will agree to this if they allow the casinos to move but he will have to give up one of his liscenses. The state now has an extra liscense. State sells the extra liscense for $200 million.

The EXTO owners have more money than most people. They don't need money to build water park, theater, resort, casino. They have it thru traditional financing and their own pocket books. What they need is permission. They reverse merge into a shell and tell local folks that there are lots of cheap shares for the taking. And if the casino comes to fruition, most walk away retired.

So now we wait for the state politicians to vote on letting the casinos move on land. Then we wait to see if the state allows Ft. Wayne to vote. Then we wait on Ft. Wayne to vote. If they vote yes, most people in this stock retire.

If anyone can straighten out my research, please feel free.