Replies to post #91837 on Bayport International Holdings Inc. (BAYP)

[jeagerboy]

I call BS on that one

[DragonBear]

NYSE audits can take between -wrong

6 and 12 months.

If that were true, every NYSE company in the market would end up delinquent in their 10K by 6-12 months.

Newly audited energy OTC companies take 18 months all the time.

Wrong again. Only takes 3-6 months to generate a new audit for the previous 2 yrs. Once even observed a suspended scam, submit a Form 10, 6 months after being suspended.

Nothing unusual here.

Agreed, nothing unusual for a microcap scam stock.

In Sept 2013, BAYP claimed it had hired an auditor to audit years 2011,2012. In Oct 2013 they promised SHs a Form 10 would be in by the end of Q4 2013. Then in Aug 2014 they said they'd file a S1, this time without any time frame.

Starting with the original 2013 time frame, and using the fictitious 18 month time frame, gee end of Mar 2015 was 18 months. But wait... filing in 2015 means they would need audits for years 2013, 2014, not 2011,2012. Using the fictitious 18 month period that means 2014 wouldn't be done till mid 2016. And in mid 2016 they would then need the audit for 2015, which would reset the 18 month clock. Using the fictitious 18 month time frame, means they will never be able to file the previous 2 years of audits for a Form 10. They will always be 1 yr behind in audits. LOL

The odds of BAYP ever filing a Form 10 to register the stock is extremely low. Too many annoying things they would have to reveal. Such as the financial details for the various dry wells they have been buying, including the exploding O/S, and dates the stock was issued. Whereas a stinky Pinky OTC reporting stock can hide such trivial details. No need to reveal when the next dump will occur. Also no need for an audit.