Its not a lack of significant revenue...it is the lack of any revenue...at all...as in none.
Negative $84 in the first quarter. Did somebody return some face cream for a refund?? LOL.
And there were absolutely no expenses beyond an internet connection, and bank account and the equivalent of a grande latte and muffin from Starbucks as operational business expenses. The only thing this ticker spent money on was maintenance of the ticker...LOL.
DEC 18, 2014 BAYP PR....
"Bayport International Holdings, (OTC PINK: BAYP) is pleased to announce the completion of Well 5 with ranges of 80 to 100 mcf per day. Well 2 should have the final completion and testing ranges of mcf per day to announce shortly. The Brown lease project is part of JV entered into with Downhole Energy, LLC. to operate and produce such wells.
Bayport has become cash flow positive as a small public company in the last two quarters of 2014, at the same time reducing overhead. Management would like shareholders to know, with the upcoming acquisitions and fulfillment of an aggressive oil and gas acquisition plan, we will continue to add toward our bottom line in revenues and cash flow status."
The wells produced NOTHING in the first quarter despite the statement of "80 to 100 mcf per day"...unless the production was given away... ;-)
And the ONLY cash that was produced in the first quarter was from stock sales...which is all this company produces at the moment.
Which of the above would you like to discuss first? ;-)
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