No doubt he also caught the O/S going up 600M+ recently, and the cash on the books of $4.92. Start with $100 in cash, issue 600M+ in stock to raise cash, report no operating expense outside of a bank service charge of $30 (a check bounced???), and end up with $4.92. ROTFLMAO!!!
Just imagine all the exciting pumps Porter can do around $4.92 in cash! Yippee!!!
There's no "if" to it. There are no conversions to bee seen in the bogus OTC filings. Your friend seemed to have missed there never were any note conversions. Porter never reports any debt notes to be converted for giving out stock. Neither does he ever explain who is receiving the stock being handed out, and for what. If one wants to believe the bogus OTC filings at face value, then Porter hands out the stock for FREE! Which by some dumb luck also fits with his general business scam model: BAYP acquires assets for FREE!