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Friday, March 23, 2012 12:55:48 PM
I think this means Bayport is planning to acquire another listed company and will distribute a portion of its shares as a dividend to existing Bayport shareholders at some future date. At least that is what they are contemplating.
In general, the report is clearly presented, except for the section quoted above which was obviously written by someone else less proficient in the English language, probably Jim Porter.
If anyone has more information about this "trading entity,"
please share. If someone knows as of what date of record Bayport shareholders will receive the dividend, please let us know.
I'm glad the Company finally spoke truthfully about its dealings with FINRA and let us know that the new symbol will not be granted until a pending lawsuit has been resolved.
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