Replies to post #15652 on Bayport International Holdings Inc. (BAYP)

[feistyshark]

Actually, even if they were making $15 million revenue, their cost of sales could have been close to $15 million...I believe they just wanted a publicly traded company to use as a vehicle for a new industry - which appears to be cold cathode lighting!!

[Xylan]

Well at least you are making it clear that you have no idea what you are talking about in the least.... Trans Atlantic did not claim, nor put anything out in public that it "made" $15,000,000 in the last quarter. What was PR'd was they had $15,000,000 revenue in the 1st quarter which is the polar opposite of what you are trying to get people to believe. Out of that 15 million in revenue they might have actually LOST money, although my DD has verify they did show an operating profit, just not a large one.

Now to the question of why they would sell for as you put it $180,000... I think today’s PR spells it all out. If this company was looking to go public anyway, why pay thousands and thousands of dollars for the auditing, buying a shell, attorneys hiring competent CFO ETC required for a publicly traded company, when you can get it all done and actually get paid to get it done... The management of Transatlantic knows what they have and will be getting plenty of shares in the new public company.... I think it was quite a deal for both sides actually....

Just MHO of course though...

Xylan