Replies to post #21453 on Bayport International Holdings Inc. (BAYP)

[Jalex]

I'm not sure, your going to have to ask them.

[stervc]

Lochan, with that question…

I did ask the company that question about the $50 million IPO. My initial thoughts were that we must be getting some kind of dividend or shares in the IPO, but that is not the case.

I was told by the company that Bayport Corporation/EXTO will be selling $50 million worth of REEs that will be the primary asset to justify the IPO being launched. I like the no dividend logic much better with the IPO because the $50 million from selling the REEs will go to the financials of Bayport Corporation as straight Net Income/Profit with very minimal expenses (if any) from the transaction.

This will immediately catapult Bayport Corporation/EXTO to the some very serious levels. Calculate an Earnings Per Share (EPS) from a $50 million infusion of Net Profit/Income from selling their REEs with an Outstanding Shares (OS) of 540,921,049Shares. This thing is significantly undervalued just from this one deal alone. Patience could prove to be an essential virtue here with this company.

v/r
Sterling