Bayport International Holdings Inc. (BAYP)

[Lochan]

Bayport recently announced it is "contemplating" a dividend distribution. This would come about through a trading entity that has not yet been acquired and is thus far unnamed.

Based on our observation of what we have seen other pinksheet companies do, we anticipate that an acquisition will take many months to materialize. If Bayport decides to purchase a listed company and then distribute its shares as a dividend to Bayport shareholders, we think it could easily take until the end of 2012 for these shares to be delivered into our accounts. It is also possible and even likely that these shares could be restricted for six months or longer. I guess we'll just have to wait and see.

Bayport says it will provide further clarification of its intentions at a later date. We look forward to the announcement of the name of the company they seek to acquire. We would like to hear from Bayport as to when they think such a distribution is likely to take place, and the date of record they have chosen or will choose. It would add to the excitement if they were to also announce the ratio of shares distributed to shares held in EXTO/Bayport.