Bayport International Holdings Inc. (BAYP)

[Lochan]

Of course they won't announce anything of substance regarding this dividend for quite some time because there is really nothing to announce. It is all pretty much pie in the sky since there has been no acquisition. And during whatever negotiations will be taking place, both companies will be contractually restricted as to what they can say about whatever progress s being made.

My point is that it was entirely premature for Bayport to even bring up their contemplated dividend distribution. The amended report was meant to cure the problem with FINRA to enable the symbol/name change to go through. The section about a future dividend that may be declared some day in the future was obviously not part of the original document prepared by the legal team. Jim Porter did the same thing in the past, adding unsubstantiated forward-looking statements to press releases as bait to entice shareholders to put their money into his company.

Personally, I believe he should have waited to tell the world what he is contemplating until there were actual facts such as those previously mentioned that he was in a position to divulge. All IMO.