InvestorsHub Logo
icon url

chile2

12/22/11 12:02 PM

#37583 RE: retiredanalyst #37580

The second the company submits the fins it will show on OTC,
and why they have not, there not ready yet.
icon url

timbo2

12/22/11 12:02 PM

#37584 RE: retiredanalyst #37580

Clarity forthcoming IMO- next couple business days
icon url

Sheeple O Plenty

12/22/11 12:17 PM

#37586 RE: retiredanalyst #37580

Everyone who has taken the time to call the company or IR has gotten these answers.

First, the information that the company received when they contacted OTCMarkets was that a form and a check for a couple thousand bucks was what it took to remove a CE sign.

That is correct IF the company is already PS Current.

Unfortunately Bayport was not, and had to go through the process of getting current. They hired an attorney and a CPA to get things cleared up.

The attorney told them to be totally silent with regards to released news. No PR's no published updates.

As you can tell by doing your "analyst" DD that nothing was submitted to OTC Markets yet.

Also as an "analyst" you should know that the first thing that an attorney does is interview the Management. The VERY first thing. Reason is that should one or more of the management team be not capable of holding that office, they have to be removed. Any paperwork that was filled out by that person is invalid and has to be redone.

Thought you of all people would know that.

They did not "botch" the filing process the first time around as there has not been any filings done, ergo nothing to "botch."

Management provides plenty of clarity should you take the time and do the appropriate DD by calling IR.
icon url

Anvil

12/22/11 12:32 PM

#37591 RE: retiredanalyst #37580

#1. It is counsel not council

#2. Agree management screwed up everything from inception and that's why their counsel told them to keep quiet. Still, it didn't stop Lou from trying to get in bed with a trip zip scam. Thankfully, that fell apart.

#3. When they announced the 3-5 day time frame for uploading their info, it seem apparent, they were going to upload some basic, meaningless financials. How else can one explain the amount of time it is taken for the CPA to do the books.

#4. Someone in the EXTO camp with an IQ higher than rock, finally decided to do it the right way. My guess, it was the attorney. Get a real CPA to do the books and issue meaningful fin's with footnotes.

#5. I have no idea what the disclosure statement and fin's will reveal, but will wait to see if I am going through a couple bucks in this.

#6. My understanding is the CPA is anal retentive and has the been the holdup.

#7. Briggs was given the green light to tell the public that everything was going to be uploaded within a week. That was sometime last week.

#8. I think Briggs will be just as happy when they are filed as shareholders.

#9. Lot of red flags on this one.