Baymount Incorporated has announced that it has engaged Investor Cubed Inc. to provide investor relations and shareholder communications services effective
November 1, 2010.
In connection with the engagement, Baymount has entered into a consulting contract with Investor Cubed pursuant to which Investor Cubed shall be paid $5,000 per month for a term of 12 months, subject to early termination (Baymount can terminate this contract with thirty days written notice at any time after January 31, 2011).
In addition, Baymount has granted 100,000 stock options to Investor Cubed, which are exercisable into common shares at a price of $0.15 per share for a period of one year. The options shall vest quarterly over a period of one year and shall be subject to regulatory approval and the provisions of Baymount's Stock Option Plan.
"Investor Cubed has an impressive reputation for helping businesses maximize shareholder value," said Graham Simmonds, president and CEO of Baymount. "We believe effective communication will be critical in confirming our company's value, and Investor Cubed will be instrumental in communicating our progress to the market."
(Baymount)
The secondary level of
The secondary level of foolishness in this silly saga is why the dupes at Standardbred Canada continue to print these "news" releases from Baymount. Please spare us.
There's zero confidence in
There's zero confidence in project!
How can they expect to get this thing moving in a positive direction and invoke investors when insiders can't even support their own project?
Insider (Simmonds, John Graham) dumped over 700,000 shares on the open market @ $0.15 and had over 2.5 million warrants/opinions expire without exercising them @ $0.25?? This tells me BYM stock isn't worth anything so how is a new investor group getting $5K a month going to change that?(they won't)
You can also add insider Andersen, Robert James to the list he failed to exercise OPTIONS @ $0.25 (1,25 million options)
This is a dead project and the Oct 18th announced $3-million proposed non-brokered offering of convertible unsecured debentures is just way to find more cash to pay "The Sharks"
Fold up the tac-box at Baymount this project isn't going anywhere fast. JMHO
Wow..we missed the usual
Wow..we missed the usual spades in the ground announcement from Rollins in Sept but good to know that Baymount has been busy doing almost nothing. How can it possibly take 4 years to get this project started from the date it was approved.How can they still be flirting with investors and why haven't they been able to seal the deal? How can the city of Belleville not get upset with 4 years of casino revenue lost and approx 100 track/casino jobs not contributing to the local economy? Why are the local horsemen so silent? This project smells worse than the barns.Time for the Province to step in and revoke their approval and grant it to Quinte West, or the Mohawks of Tyendenaga who can likely get the job done and will appreciate the revenue.
Look more smoke and mirrors,
Look more smoke and mirrors, but once again no action. No shovels in the ground, no racing, no jobs, just an every 3 month press release about nothing