Replies to post #107663 on Bayport International Holdings Inc. (BAYP)

[DragonBear]

These scams get investigated when somebody decides an investigation

Outside of money laundering, bond fraud, or something esoteric, the only way a Pinky gets investigated is when an illegal stock dump in violation of Rule 144 occurs.

A reverse split everyday (or every few years) might be a trigger for that.

In theory they could do a reverse split everyday. But in practice by the time the TA tells FINRA they are ready, the R/Ss would be stacked on top of each other. Each representing a couple of weeks to actually occur.

If anything a R/S every few years or less should make it easier for a Microcrap scam to avoid a Rule 144 violation, and subsequent investigation. Much easier to dump fewer shares at a higher price, and not flock up. Than dumping upwards of billions at 0001. Having multiple of helpers in the dump.

As I posted prior, Clay screwed up. The steps are: R/S, and then announce a new scam. Wait 60 days, and perform a ticker name change. Attract a new crowd of retail. Instead Clay announced a new scam angle, and tried a few lame pumps. He desperately needs a R/S. But that would imply yet a new pump scam angle. This time with a little more effort, and imagination on his part. Mining, oil, MJ... what's left that's a hot scam area? Meanwhile those who "invested" in the MJ scam angle get burned. It's all backwards.