And that value is what? The Porters advise Shameberg on how to compose PR pumps? Shameberg does need help. It's sort of hard for BAYP to provide value to a JV, when it has no value itself.
Really, chickening out on the frac water pump already? So via the last PR pump we now have a future mystery project at the JFKT rusting terminal site. Where BAYP shares in imaginary never to be verified profits.
There will be no audit. There will be no Form 10.
The 195M stock issuance is not nonsense. The Porters slipped up by stating it in the last OTC quarter filing.
Then you didn't read the 2013 and 2014 OTC annuals. Simple math: Start with an O/S 15M (post 100:1 R/S adjusted), and end with 50M. That's an increase of 35M coming off or already off restriction this year from 2014. Even being nice, and assuming the recent MMSM dump is part of the 35M: 35M-4M = 31M. Too bad the R/S got in the way. IMO, going from 1.5B to 5B in the O/S sounds more neat! LOL