but BAYP management is going to get this moving if they up-list
Not happening. They promised by the end of 2014. Didn't happen. They promised by the end of 2015. Didn't happen.
There will never be an audit. Thus, there will never be a Form 10 filed with the SEC. By definition - no up listing. One can only imagine the comedy of BAYP conforming to Guide 2 reporting standards, when estimating proven reserves for their dry plugged Okie wells.
Instead Porter the most ethical scam clown around will again cut&paste his past wording they are working on an up listing for 2016. He can then continue to submit the usual slop to the OTC group site. It can say anything Porter wants to put into it. No audit, no regulatory review, no accountability required.