SEC Company Response from Baymark Technologies, Inc. (CIK 0000352912) — Jul 13, 2005

Baymark Technologies, Inc. (CIK 0000352912)
Date: July 13, 2005 · CIK: 0000352912 · Accession: 0001072588-05-000176

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AI Filing Summary & Sentiment

Referenced dates: March 30, 2005

Date

July 13, 2005

Author

Michael A. Littman

Form

CORRESP

Company

Baymark Technologies, Inc. (CIK 0000352912)

Letter

Michael A. Littman Attorney at Law 7609 Ralston Road Arvada, CO 80002 (303) 422-8127 Fax (303) 431-1567 July 13, 2005 VIA FACSIMILE: (202)504-2474 SEC Attn: Katherine Mathis Mail Stop 4-5 450 5th Street N.W. Washington, D.C. 20549

Re: Baymark Technologies, Inc.

Dear Ms. Mathis:

Please be advised that we are in receipt of your letter dated March 30, 2005, and acknowledge that in the future, any shares issued for services will be valued @ the market closing price for the market day prior to the date of issuance. We believe that this complies with the requirements of APB 25, and we intend to book the value of such shares issued, as so computed, as part of compensation expense in the Statement of Operations which will, of course, also be reflected in the Cash Flow Statement, Shareholders Deficit, and Statement of Shareholders Equity (Deficit).

We have valued shares issued for services in the past, as follows:

1999 - $1.01 2000 - .48 2001 - .04 2002 - .10 2003 - .03

All of these correspond to market prices as of issue date of shares. We hope this letter is a sufficient response to your comments.

Sincerely,
/s/Michael A. Littman
Michael A. Littman

Show Raw Text

<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.txt
<TEXT>
                               Michael A. Littman
                                 Attorney at Law
                                7609 Ralston Road
                                Arvada, CO 80002
                        (303) 422-8127 Fax (303) 431-1567

                                  July 13, 2005

VIA FACSIMILE: (202)504-2474
SEC
Attn:  Katherine Mathis
Mail Stop 4-5
450 5th Street N.W.
Washington, D.C. 20549

Re:      Baymark Technologies, Inc.

Dear Ms. Mathis:

     Please be advised  that we are in receipt of your  letter  dated  March 30,
2005, and acknowledge that in the future, any shares issued for services will be
valued @ the  market  closing  price  for the  market  day  prior to the date of
issuance.  We believe that this complies with the requirements of APB 25, and we
intend to book the  value of such  shares  issued,  as so  computed,  as part of
compensation  expense in the Statement of Operations which will, of course, also
be reflected in the Cash Flow Statement,  Shareholders Deficit, and Statement of
Shareholders Equity (Deficit).

     We have valued shares issued for services in the past, as follows:

                  1999 - $1.01
                  2000 -     .48
                  2001 -     .04
                  2002 -     .10
                  2003 -     .03

     All of these  correspond  to market  prices as of issue date of shares.  We
hope this letter is a sufficient response to your comments.

                                                     Sincerely,

                                                     /s/Michael A. Littman
                                                     Michael A. Littman

MAL:sw

</TEXT>
</DOCUMENT>

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