Replies to post #73395 on Bayport International Holdings Inc. (BAYP)

[STOCK_GAINER6]

First of all, we can solve the miracle about the origin of name for the GEM Inc.
User nodummy has posted an old text extract from the myspace site of Carl Moore's webpage, regarding the interest he holds in the company Bayport Petroleum Corp. (different from Bayport International Holdings Inc.) and some interest in gold mines.

This text extract indicates to me, that Mr. Moore, who is associated with Sooner Federal, holds the interest in the GEM. Inc. as a private property, and though he holds interest in Bayport Petroleum Corp., he can sell his private property to any person he likes.

I have copied this text passage here once again:
" ..Gold Mines- We acquired a gold mine in November of 2007 in ....Ely.., ..Nevada..... More specifically in ....White Pine County.., ..Nevada..... We purchased the Golden Eagle Mining, Corporation with offices in ....Salt Lake.., ..Utah..... The owners of the corporation shortened the name to GEM, Inc. Gem; Inc. has operated the “....Mary.. ..Ann.. ..Canyon....” mine for the past 27 years. They operated the mine with a 2 yard excavator, an old one that stayed broken down as much as it was running. The repair bills were out of sight. They still made a profit selling gold for 276.00 to 315.00 per ounce. The records we got are from 1999 thru 2004 and in that time period they still sold from 9,000 to 12,400 ounces of gold per year. The owner had a stroke and died and his brother inherited the company. We acquired the company from his brother. We feel that we can operate this mine 24/7, with a 6 yard excavator, 2- 100 yard off road trucks and 2, 6 yard front end loaders and some new equipment that recovers the fine gold that has never been recovered. The Building needs to have some improvements as well. The engineering reports show we have over 1 million ounces of recoverable gold. The other plus is we have water rights to 540 million gallons of water per year. There is a gold mine next door to us that has never been operated because they have no water. I plan to acquire that property and double our reserves. When all the gold is gone, we will sell the water rights to the city of ....Las Vegas.... for 30 Million dollars or more. You can not operate a successful gold mine without water, and lots of it..... "

[STOCK_GAINER6]

We also can follow the geographical line, and have a look at which geographhical site they own the mine.

I have found a recent document describing the claims and operators, active in that valley. The document is provided by the U.S. Department of the Interior - Bureau of Land Management
Title: Preliminary Environmental Assessment; HOGUM PLACER MINING PROJECTS
Date: June 9, 2011
Source: http://www.blm.gov/pgdata/etc/medialib/blm/nv/field_offices/ely_field_office/nepa/ea/2011/eydopea2011.Par.70855.File.dat/Preliminary%20Hogum%20EA%206.9.11.pdf

So what is Hogum? Hogum is in the White Pine county of Nevada, in the Historic Osceola Mining District, and it's a goast town:
http://www.ghosttowns.com/states/nv/hogum.htm
At this site, Gold operators were active in the past, and they are active also nowadays again.
There are several active operators now at the Hogum /Mary Ann Mine, according to the above cited document from the U.S. Department of the Interior .

Gem Inc. not only owns the rights on the claims, on which Kapacke Mining is in operation (see section 2.2.3.4. Kapacke Mining on page 10), but also hold the right in the claims operated by TJL Mining (see section 2.2.3.3. TJL Mining on page 9)

[STOCK_GAINER6]

And now, let's come back to the line, which also have followed user nodummy before. He traced the line of ownership on the Gem Inc., and found out, that Mr. Moore sold half of the interest of a gold mine for 20 mil. on ebay in January 2009. We do not know, if the auction of the mine was successful, but we can expect, that it was, because we have no other trace of another auction. So what did Mr. Moore sell on ebay? The weighted interest (WI) in gold minining (as an operator) or the rights interest (RI)?

According to the document provided by the Hardrock Exploration & Mining Inc at the nationsmarketing website
http://www.nationsmarketing.com/files/2-Info_MaryAnn_Ely_HardRock.pdf
ownership by weight (as mining operators) is 50% Gem Inc, and 50% Hardrock Exploration & Mining Inc.

We can trace (some part of) ownership of the Many Ann Placer Mine back to 1983, when the National Gold Inc. bought the mine:
"The Company, through the issuance of 5,000,000 shares of its Common Capital Stock, acquired the Mary Ann Placer Mine near Ely, Nevada. The transaction closed on the 2nd of December, 1983.
Source: http://www.national-gold.com/duediligence.htm

And from another subpage from National Gold Inc, we can see, what happend to this property then:
"At this time the Company acquired the Mary Ann Placer Mine in the Osceola Mining District, east of Ely, Nevada. Mr. Christensen, the Secretary/Treasurer of the Company decided he wanted to move onto the mine and operate it for himself. The Company sold him the mine in exchange for most of his shares of the Company and he resigned as an Officer and Director."
Source: http://www.national-gold.com/exhibita.htm

It seems to me again, that we must look carefully again, who owns weighted interest (WI) as mining operators, and who owns the rights interest (RI).

[STOCK_GAINER6]

And maybe now, once again, we should follow the line of names of people, as it also has done user nodummy before, when he evaluated, that Louis Porter, a former employee at Bayport Petroleum Corp., now Bayside Petroleum (Ticker: BYSD).
This Louis Porter, probably author of that blog:
http://cosmicgroup.wordpress.com/about/
speeks from a Bayport Corp. but it can't be seen at once, if it is the former Bayport Petroleum Corp, the current Bayport International Holdings Inc., or even the still existing Bayport Seafood Inc., which he is describing in that blog.

When we look at the people working at Bayport International Holdings, we find these three ppl involved:
James L. Porter
Clay Franks
Gina L. Porter

In the case of Bayport Seafood Inc (established in 1977), we find out, that the same James R. Porter (http://www.xing.com/profile/Jim_Porter2) is involed with it as with Bayport International Holdings.

This is confirmed also by user nodummy, and he found it out via the company adresses.
http://companies.globalmarket.com/bayport-seafood-inc-172522.html
Bayport Seafood Inc and Sooner Federal Financial Services have both the same adress:
4801 East 11th Street, TULSA, OK 74112-4209.