Bayport International Holdings Inc. (BAYP)

[TinkerBelle]

Hey Graham, :o) If you also look at the Initial Company Information and Disclosure Statement - Adequate and Current Information Statement-First Q 2012 http://www.otcmarkets.com/stock/EXTO/financials
Page 1 You will see this:

"As of April 26, 2012, the Company's number of shares authorized was as follows: Common shares 850,000,000, Preferred shares 25,000,000 of which 684,716,049 common shares and 2,000,000 Preferred shares were outstanding (the outstanding Preferred shares were Series A; no Series B Preferred are outstanding). Of the outstanding common shares, 480,671,049 shares are freely-tradable. The number of shareholders of record was approximately 17o."
http://www.otcmarkets.com/financialReportViewer?symbol=EXTO&id=81381

Also, the Sept 2011 Q talks about the Preferred:
"The 2,000,000 shares of preferred stock are restricted as required by law and have not been converted into common shares. The preferred stock carry ”super” voting
rights of 1,000 votes per preferred share and 1 to 1 conversion into common
shares. The preferred stock was implemented as a “poison pill” to prevent the
company from a hostile takeover."
http://www.otcmarkets.com/financialReportViewer?symbol=EXTO&id=69762

I don't believe these are new and are only to be converted 1,000 to 1 share for voting rights or 1 to 1 conversion into common. IMO