I was told by the company that Bayport Corporation/EXTO will be selling $50 million worth of REEs that will be the primary asset to justify the IPO being launched. I like the no dividend logic much better with the IPO because the $50 million from selling the REEs will go to the financials of Bayport Corporation as straight Net Income/Profit with very minimal expenses (if any) from the transaction.
Rare Earth holdings may be the most financially significant division of Bayport. Bayport now controls a tremendous amount of Rare Earth Elements (REE's) in the northwestern portion of the United States and Northern Canada with our new association with a mining company in Newfoundland. This company likewise owns a vast amount of REE's in northern Canada. Bayport has entered into a Letter of Agreement with a prestigious Wall Street firm, to do a best-efforts $50,000,000 IPO for the myriad of rare earth we control.
Bayport's current mining claims consist of numerous locations in the western United States. Our primary aim is to be a significant player in the rare earth market. We will also pursue gold as well as other precious metals. Bayport is currently negotiating with several mining companies and individuals to increase our presence in the mining community. Rare Earth and precious minerals and metals are very strategic and critical for the United States military, defense welfare and many new inventions. More details will be released when available.
I'm not a professional don't buy a stock based on anything I say! Don't invest money if you can't afford to loose 100% of it... GLTYA QUINNRADIO
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