Bayport International Holdings Inc. (BAYP)

[alabama96]

STERVC, Your valuation has left out some details which I quite frankly find quite disturbing....



The biggest thing you fail to mention is this;

The previous owner of the mining claims, Mel Carson, spent approximately $2500.00
on mineral assays (tests done by laboratories to determine relative mineral content).
Since Mr. Carson controlled the assay process, although such assays were performed
by reputable laboratories, it is impossible to assess the accuracy of Mr. Carson’s
sourcing activities. The Company has not, as yet, done independent assays of its
own.

You also seem to fail to mention that that alleged .324 ounces of gold was only one assay, but in your valuation you imply that .324 ounces of gold is located throughout the entire 120 acres and that [url]there is apparently an endless amount of gold.


You also seem to conveniently leave out that those alleged financiers also get 70% of the money made on those claims.

As for you PE ration. Is that the ratio of all gold stocks or is it the ratio for only OTCBB gold stocks. I think it's a bit irresponsible for anyone to lump any OTCBB stock with actual stock exchanged on a reputable exchange.

With all that being said, I applaud the honesty in those financials, although I think at this time the stock is still overpriced.