We apparently need a new definition for dilution, if the claim is that there has been no dilution.
The A/S, O/S started at 15M (post 100:1 reverse split adjusted)on Jan 2014. In Apr 2015 the O/S was 248M. The O/S increases 16.5X in one year, and that's not dilution? Did the A/S go from 15M to 700M just for giggles? Just wait the O/S will grow into it.
JV people own no shares and never have
How would that be known? The question which remains unanswered about the JV is: What is BAYP's contribution to the JV?
It's claimed JFK Terminal will provide the funding via their infamous Form D having raised $45K at last report. Just as well, since BAYP has no cash to fund with. I see no announcements by BAYP claiming they have any capital to throw into the JV.
Let me guess... it's the vast oil expertise of the Porter husband&wife team that BAYP brings to the JV table? What expertise? There is none.
So what exactly is JFK terminal getting out of this JV from BAYP? Why did they enter into the JV with BAYP? What does a microcap scam have to offer to JFK Terminal - other than stock to dump onto the market? Well???
The stock can easily break .02
A paid P&D could. Where retail buying into it will be easy. Flipping the trade, and selling into the dump will be a little more difficult. BAYP's scam management better be very creative with their pumps.
News on many projects in the pipeline
Maybe, one should wait for the first project. Of course they will announce specifics, when BAYP's history is to announce no specifics for anything? Their first attempt referencing frac water recycling is a joke.
Audit being finished.
No it isn't. M&K isn't going to risk their license. Neither will a Form 10 ever be filed with the audits embedded.
Its obvious the company is not telling the truth to investors, this is why they want you to call them rather then them issue a written statement. I bet money you cant send an email to bayp and get someone to identify their self and state current production levels.