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Lochan

12/20/11 5:55 PM

#37423 RE: dshade #37421

D -- I'm not sure why the filings are taking so long, but we better hear something from the Company soon. Since I first started following Bayport, it has been part of their history that important documents are either sent to the wrong address, the wrong addressee, or are filled out incorrectly. There is an element of administrative carelessness that this Company must overcome in order to be successful. It is highly unprofessional of them, for example, to post forward-looking news where third party verification is not possible and then not to follow up with reports of further progress.

On the other hand, I think we have been better off without any press releases for these past few months than for them to be releasing further unsubstantiated announcements that they would have to later retract. What I am asking for, in other words, is no more shenanigans in their dealings with us shareholders!

I hope that once these filings are made and their financials are posted, the Company will fill us in on what happened to the $30-50M Aegis IPO deal and the gold production that was supposed to begin by the end of October, 2011. We have yet to hear an apology from Bayport for these wild claims and an explanation as to whether they were in fact fictitious or simply exaggerated.