Interview with CEO
1) After having stated to finish the upgrade to the OTC during the fourth quarter: When will the deal for buying the wells be closed? Can we als expect this during the current quarter?
B.S.: The 5 well Scott lease will probably not be finished before the end of the year. We’re not anticipating the operator being able to start drilling until February or March of next year and closing will be just prior to the start of drilling.
2) Can you give an outlook about your operating business for 2014 (In assumption of closing the mentioned deal in buying the wells): Will BAYP reach the break-even next year?
B.S.: Bayport has very few expenditures on a monthly basis. We have OTCMarkets fees of around $500 a month, a small office which is a few hundred a month, and some miscellaneous expenditures. I would think break even in 2014 would be a sure thing, with it possibly occuring in the 4th quarter of 2013.
3) Can you confirm again to not increase the number of A/S during 2013? Furthermore please state there will be no reverse split during 2013.
B.S.: We stated in a press release earlier this week that we would not raise the Authorized Shares in 2013 and do not plan on altering that statement. We stated in a press release in May (I think it was) that we would not do a Reverse Split in 2013 and do not plan on altering that statement either. So no AS increase and no Reverse Split for 2013.
4) Is it possible to joint-venture with other companies to maximize BAYP´s growth?
B.S.: Anything is possible. IF we were to JV with someone it would probably be on the mining claims we own in Utah. We have not been actively seeking a joint venture candidate but if one happens to present itself to us we would listen.
5) Can we expect more news about all the ongoing processes in the short term?
B.S.: YES! We intend on being completely transparent to shareholders. That means consistantly supplying information in the form of shareholder updates. If you look at the past year we average 2 press releases a month. We would like to increase that and feel that any and all information about our progress in uplisting should be shared with our investors.
Hope this helps! If you have any more questions please feel free to ask.
After having received these Information i can state the first target to be 0.0009 (MA200) second target could be easily 0.0020 !!!
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