can someone please explain this stock?-absolutely
BAYP under the current insider scammers was first a rare Earths company. Then it graduated to to being an oil company. Mixed in was their only successful P&D involving hemp oil creme.
Then in 2016 the Porters turn over daily scam responsibilities to their sidekick Clay. Who decides to plug into the Weed hysteria. Creates a website or "Angie's List" for Weed vendors etc. Original, but totally lame.
Meanwhile the O/S has soared to over 7B. After the last 1:1000 R/S in 2014 it went from 1.5B to 15M as a starting value. Most of the increasing O/S has occurred in the last year. In another words Clay had to issue a huge pile of stock for the note holders to convert, and dump, because the market really did think his "Angie's List" Weed idea is lame.
I see Clay is now busy pumping that BAYP will divest all its worthless oil "holdings". The holdings they got for FREE, because they never told SHs how much those dribbles of interest cost. What are they worth? Answer: Whatever Clay pretends they are worth. No audit required for a Pinky Microcrap scam. What will be the assets for BAYP after these divestitures? Answer: A website.
Clay claims BAYP is ready to make acquisitions, while admitting low debt. So how is he going to pay for these mythical acquisitions? No doubt the $6K in cash listed in the bogus OTC report is going to buy just tons of weed companies.
The volume represents note holders dumping the ever increasing O/S to retail willing to buy at 0001, and then try to sell to others at 0003.
In reality Clay has the problem of a huge O/S of 7B+, with the PPS stuck at 0001. What he needed to do back in 2016, was to R/S immediately. Then move BAYP as an oil scam to being a weed scam. Dilute all the then SHs, and then start the weed pumps-with something other than the lame "Angie's List" angle. Change the ticker to hide the sordid past of the BAYP scam. Instead he did it arse backwards. Blew the effect of the weed angle.
He still needs to perform another R/S. Diluting current SHs into oblivion, while bringing the PPS back up to 001 or higher, depending on the multitude of the R/S. Clay then tells the SHs it was needed for the acquisitions. Or butter yet, after say a 1:1000 R/S, announce BAYP is R/Ming into another Pinky shell. Which inherently means more dilution beyond the R/S. Maybe he can pivot from weed to something about bitcoins as a new scam angle? With a much lower O/S, and starting PPS, Clay would be able to graduate out of the current cycle of issuing huge conversions for his toxic debt notes, to lower stock conversions with less toxic debt notes. Hey, if this scam could start at 15M after a R/S, and built up to 7B+, why not try it again?
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