Replies to post #15650 on Bayport International Holdings Inc. (BAYP)

[feistyshark]

How much does it cost to get public company status and listing requirements in the States?

[NoseBleed]

It's cheaper to merge into an existing publicly traded company and de-merge then it is to do an IPO and put up with all the filing of paperwork and hassel of dealing with the SEC. Happens all the time.

15 million dollars in one quarter is nice, and believable. An startup company wouldn't be able to roll out that fast after merging into a 'mother ship'. Obviously Trans Atlantic has the money to launch straight out into the market as their own publicly traded company and stock ticker symbol.

Like a leech sucking the blood out of its prey. Trans Atlantic got what they needed and now they are off to grow and do their own thing away from the host.

If the shell is an SEC-registered company, the private company does not go through an expensive and time-consuming review with state and federal regulators because this process was completed beforehand with the public company. However, a comprehensive disclosure document containing audited financial statements and significant legal disclosures is required by the Securities Exchange Commission for reporting issuers. The disclosure is filed on Form 8-K and is filed immediately upon completion of the reverse merger transaction.

Looks like we'll have our answer soon enough as to whether or not they made 15 million dollars in one quarter.

http://en.wikipedia.org/wiki/Reverse_takeover

Trans Atlantic Capital Group, Inc. ("TACG") is a dynamic trading company principally involved in brokering wholesale lots and closeouts. Trans Atlantic Capital Group, Inc., as previously announced, achieved record revenue in excess of $15,000,000 for the first quarter of 2011 which is significantly greater than the company's $8,300,000 generated in 2010. The company is in the process of preparing Pro Forma financials, reflecting the acquisition, which it intends to post on the PinkSheets database. In addition, the Company is finalizing its financials and expects to return to Current Information status during this quarter.

Looks legit to me. SHOW ME THE DIVIDENDS YO!!!

[bigdollardaddy]

they didn't sell the company, they spun it off into a public trading company exto only got 20% for doing the leg work, the other company also received shares of exto.