Replies to post #97584 on Bayport International Holdings Inc. (BAYP)

[DragonBear]

Did anyone see the news about Bayp latest JV with Le Bonds Co.

It was good for a 1 day pump run that went nowhere.

They are getting 15 mill dollars from them for oil and gas investments.Does anyone believe this bullshit or is it for real?

Oh gosh that's such a difficult question. What do we know about LeBonds? Let's try:

1. Address is an airport hanger. No one at the hanger has ever heard of the company.

2. LeBonds claims to be a fixed income Hedgie fund guaranteeing a 9% return. Headed up by LeRoy who isn't a FINRA licensed broker. Neither is the company registered with FINRA. Where LeRoy became the company's "principal" head in Jan 2014, precisely the month he left PTI. Which curiously enough was also based in the same airport hanger. The PTI predecessor claimed 2 employees with total revenue of $140K.

3. LeBonds itself advertised itself as an IPO startup using the "Gust" website. Where that outfit tries to peddle, and "crowd fund" IPOs.

4. LeBonds as noted before is not licensed by FINRA, or as a business by the state of California. Might as well throw in not a licensed business in the city of Carlsbad.

So what's the probability an unlicensed Hedge fund, without a business license, 1 yr old via "crowd funding" has $15M to give to a microcrap oil scam? How about $200K at most. Scamming with "crowd funding" has an upper limit.

The regulatory ice is extremely thin beneath LeBonds. Porter may rue the day he went on a moonlit walk holding hands with LeRoy.