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Thursday, December 22, 2011 12:17:47 PM
First, the information that the company received when they contacted OTCMarkets was that a form and a check for a couple thousand bucks was what it took to remove a CE sign.
That is correct IF the company is already PS Current.
Unfortunately Bayport was not, and had to go through the process of getting current. They hired an attorney and a CPA to get things cleared up.
The attorney told them to be totally silent with regards to released news. No PR's no published updates.
As you can tell by doing your "analyst" DD that nothing was submitted to OTC Markets yet.
Also as an "analyst" you should know that the first thing that an attorney does is interview the Management. The VERY first thing. Reason is that should one or more of the management team be not capable of holding that office, they have to be removed. Any paperwork that was filled out by that person is invalid and has to be redone.
Thought you of all people would know that.
They did not "botch" the filing process the first time around as there has not been any filings done, ergo nothing to "botch."
Management provides plenty of clarity should you take the time and do the appropriate DD by calling IR.
Scratch off the broken skin, tear into my heart and make me do it again yeah..
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