Replies to post #29567 on Bayport International Holdings Inc. (BAYP)

[Lil' Jon]

The market is simply a place where money is transferred from the impatient to the patient.

[stervc]

NoDope, with your important thoughts...

I agree 100% with your thoughts. So far with EXTO we have seen them retire 1.2 billion shares of the Outstanding Shares (OS) to reduce it down to slightly over 540 million shares. They have reduced the Authorized Shares (AS) down from 3 billion to 850 million shares. The 2,000,000 preferred shares was changed to have a 1 to 1 ratio for conversion into common shares with having a 1 to 1,000 conversion into votes (again, not common shares). This is a non-dilutive ”poison pill” implemented here simply to allow the company to maintain control while not placing a dilutive fear into the investing community.

Scams companies are generally in this for reasons of greed and selfishness with having complete disregard of their shareholders. What we have been seeing here is complete ”regard” for their shareholders. You won’t find many if any penny stocks that have done the things that EXTO have thus far done. If they had intentions of scamming investors, these things would not have been done. Also, all this while having an ungagged Transfer Agent (TA).

Scam companies would have gagged the TA a long time ago and would have had a few hundred million or billions of shares ready to hit the float already. Being dumped on is the #1 fear in penny stock land and we don’t have to worry about that happening here. So far, we have not seen any shares hitting the float. I can live with restricted shares being added because since most penny stocks are usually strapped for funding, I expect for them to eventually use restricted shares to put them in a greater position for growth with acquisitions, funding, etc as we have been witnessing them doing.

So far the share structure has not changed with EXTO/Bayport Corporation, but we know just from the discussed/mentioned acquisitions, an increase is expected. With the Authorized Shares (AS) being recently reduced down to 850 million shares, with whatever they do, I think it's fair to expect where it won't exceed. I think we are in good hands.

v/r
Sterling