Replies to post #21459 on Bayport International Holdings Inc. (BAYP)

[feistyshark]

Sterling, thank you for your informative post. Will EXTO retain a position in REE or is the IPO bringing $50 million onto EXTO books just a part percentage of the company. Also, one must note that a "Best Efforts" deal is not as good as a "Bought" deal for new IPO's!! In any case GO EXTO :-)

[Lochan]

If the Bayport share structure remains the same through the IPO,
and if the sale of REE's produces $50M profit, that would translate into $.0925 in earnings per share. Using a conservative p/e ratio of 12, based on that one deal alone we might be able to anticipate a pps of $1.00 or more, assuming all other operations are just breaking even.

In other words, I'm in all the way.

[Quinnradio]

Sterling that would be incredible! Thanks for that post

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.