{"id":4497,"date":"2014-04-30T14:15:25","date_gmt":"2014-04-30T14:15:25","guid":{"rendered":"\/?p=4497"},"modified":"2014-04-30T14:19:16","modified_gmt":"2014-04-30T14:19:16","slug":"bayport-international-holdings-inc-otcmktsbayp-buzzing-again-with-mmj-updates","status":"publish","type":"post","link":"\/articles\/bayport-international-holdings-inc-otcmktsbayp-buzzing-again-with-mmj-updates\/","title":{"rendered":"Bayport International Holdings, Inc. (OTCMKTS:BAYP) Buzzing Again with MMJ Updates"},"content":{"rendered":"<p> Bayport International Holdings, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BAYP\">BAYP<\/a>) is yet another newcoming ticker that&#8217;s been active in the past month. Formerly failed as a minerals exploration company, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BAYP\">BAYP<\/a> did the next logical thing- to announce a partnership in the field of legalized cannabis. But compared to other tickers, this ha not proven too productive for <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BAYP\">BAYP<\/a>, as it makes its moves mostly between $0.001 and $0.002. Still, it is important to be aware of the risks of this ticker, in case you choose it for its climbing potential. <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/BAYP0430.png\" border=\"0\" alt=\"BAYP0430.png\" title=\"BAYP0430.png\" width=\"400\" height=\"178\" \/> <\/p>\n<p>On Tuesday, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BAYP\">BAYP<\/a> went down more than 9% to $0.001, but that is within the usual daily fluctuations. For <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BAYP\">BAYP<\/a>, the magic day was February 18th, when it mentioned marijuana for the first time, and bounced off the triple-zero positions on record buying. But since then, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BAYP\">BAYP<\/a> has lagged both in volumes and in growth, as other MMJ selections took the front rows. <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/QASP0430.png\" border=\"0\" alt=\"QASP0430.png\" title=\"QASP0430.png\" width=\"350\" height=\"156\" \/><\/p>\n<p><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BAYP\">BAYP<\/a> is not much different from small-cap pot stocks when it comes to the financial results, dismal as expected:<\/p>\n<ul>\n<li>cash: $1,387 <\/li>\n<\/ul>\n<ul>\n<li>current assets: $9,291 <\/li>\n<\/ul>\n<ul>\n<li>current liabilities: $165 thousand <\/li>\n<\/ul>\n<ul>\n<li>yearly revenue: $6 thousand <\/li>\n<\/ul>\n<ul>\n<li>yearly net loss: $102 thousand <\/li>\n<\/ul>\n<p>With those slim reserves, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BAYP\">BAYP<\/a> remains ambitious, putting out PR information about expansions both in the medical cannabis and oil and gas sectors. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BAYP\">BAYP<\/a> created a special subsidiary, Bayport Medicinal research, Inc., and through it gained interest into a producer of hemp-based cosmetics. Along with this, the company claims to have acquired a 5% share in the Fogle Lease, Forest County, Pennsylvania for oil and gas drilling.<\/p>\n<p><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BAYP\">BAYP<\/a> is not the first company to have made the strange switch from another industry. Quasar Aerospace Industries, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=QASP\">QASP<\/a>) moved from offering flying instruction to being yet another legalized cannabis holding. This also saved <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=QASP\">QASP<\/a> from the triple-zero doldrums, but so far the biggest achievement has been to touch $0.004, and sink back to $0.0017 in the past few weeks, on a constant downward trend.<\/p>\n<p>IMD Companies, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ICBU\">ICBU<\/a>) also milked the MMJ trend for all its worth, but could not escape from the pessimistic mood. Although <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ICBU\">ICBU<\/a> is active with updates on partnerships and projects, its stock price moved away from the peak near 20 cents, and sank toward $0.06.<\/p>\n<p>The biggest downside for <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BAYP\">BAYP<\/a> is its inability to stage a more sustained climbing trend. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BAYP\">BAYP<\/a> is more and more diluted, with 1.5 billion shares outstanding, and a relatively smaller free float of 480 million shares. If you are still hoping for a trend and a move upward from the current double-zero levels, make sure you can also afford the daily setbacks that often happen.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bayport International Holdings, Inc. (OTCMKTS:BAYP) is yet another newcoming ticker that&#8217;s been active in the past month. Formerly failed as a minerals exploration company, BAYP did the next logical thing- to announce a partnership&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1262,1239,1318],"class_list":["post-4497","post","type-post","status-publish","format-standard","hentry","category-news","tag-bayp","tag-icbu","tag-qasp"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=4497"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4497\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=4497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=4497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=4497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}