Baloney. The A/S is 5.5B shares as reported to the State of Nevada.
You may hear BS about the O/S
Actually the TA does respond to Email. So the O/S is also known with some accuracy. Last time I checked was 21-Jun. It had gone up 50M from the previous week per another poster. Counts from the TA:
Authorized: 5,500,000,000
Issued and Outstanding: 694,982,739
Restricted: 179,835,720
The O/S has increased approx 400M since 01-Jan.
In the real oil patch a real oil company might issue shares to be bought in the open market representing a 20% dilution. In turn they raise $400M in cash. Then use it to buy real assets (e.g. acreage). Where the assets become accretive to later stock value.
In the Microcrap BAYP oil scam, they dilute 300% in under a year. The shares issued to insiders, and affiliates. Who then dump into the market for their profit. Pure dilution, with no cash raised for the company. Just dead paper, that ends up in the trash can when a R/S is performed.
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