Bayside Corporation (BYSD)

[Mark_Felt]

15,000 for 1 revers split? Ridiculous! How is nobody talking about this?

[Klausen]

do you have any info to support your statements other that the fact that our shares will be reduced 15000/1?

[BGC2137]

It’s going to the Blue Skies!!! PATIENCE. 2019 it’s going to be a winner!! Mark it Stacy

[trades4ever74]

What do you mean. BYSD is being flushed down the toilet in 2019. Nothing to be positive about concerning bysd.

[BGC2137]

Stay strong and positive! 2019 it will turn around. PATIENCE!! Have a nice evening! Stacy

[trades4ever74]

This is done.

[work-n-hard]

You have got to be kidding? This is a Quarterly filing, it covers the 3 month period described.
And, "no where in it" is not correct.

Paragraph 10)

2. " Based on my knowledge, this disclosure statement does not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading with respect to the period
covered by this disclosur
e statement; and
3. "Based on my knowledge, the financial statements, and other financial information included or
incorporated by reference in this disclosure statement, fairly present in all material respects the
financial condition, results of operations an
d cash flows of the issuer as of, and for, the periods
presented in this disclosure statement.

[Klausen]

I guess that's the technical response, but still frustrating. Maybe we can get another PR about the ceo talking at a conference.

[work-n-hard]

It's been a while since I read that Q, but unless it's shown that, the statement was meant for some time later around the time of the filing, the statement would be for the period ending 09-30-18, regardless of when the filing came out.
That would be the technical response.

[Klausen]

According to the Nov. 30 press release announcing the 15000 r/s, the board decided the split on Nov. 12:

"On November 12, 2019 the Board and a majority of the shares entitled to vote on the matter voted to set the reverse ratio at 1 for 15,000"

But the filing Nov. 15, three days later, said that no split was presently anticipated.

[trades4ever74]

What does that have to do with this. They are about to wipe out all investors. And than will begin its tumble all over again.

[treedoc]

Nice article. Thanks for the read.

[Klausen]

https://www.bloomberg.com/features/2018-bitcoin-atm-money-laundering/?utm_campaign=socialflow-organic&utm_content=crypto&utm_source=twitter&utm_medium=social

[Klausen]

Looks like they tweaked the website, are we building something here?

baysidecorp.com

[marylandstockguy]

Yeah I think you nailed it. That’s legalese that protects you from lawsuits. Vague language that doesn’t guarantee anything gives you a lot of wiggle room.

[Klausen]

If it was not anticipated on Nov. 15, then it means it was suddenly thought of less than two weeks later when they announced the split Nov. 30.

[RP83]

Im sure we have all done this, but I emailed the company a week ago about the reverse split press release. No response yet. I am not very happy.

[SW101]

I think the key phrase is “currently anticipated” once the report has been filed and published, the next week, “well I think we are going to do a R/S”, I’m not sure though, it just seems to be a legal loophole to me IMO

[Klausen]

On Nov. 15 they filed a quarterly report saying there were no stock splits anticipated, and then 15 days later they announced a 1/15000 reverse split. I don't see how this can be.



"List any stock split, stock dividend, recapitalization, merger, acquisition, spin-off, or reorganization either currently anticipated or that occurred within the past 12 months:

None"

[work-n-hard]

If I thought all that I would have already sold? But that's just me.

[Klausen]

I dont think they own the software to the CTMs, it comes from chainbytes. The agreement on where to place the CTMs is worth nothing, and so is the agreement with FGC. The only promising project on the horizon is whether they were developing some type of wallet tech that was being tried out on the CTMs. But when they are relying on press releases announcing Justin's appearance on some bs panel in texas that has nothing to do with crypto, we might be in trouble.

[work-n-hard]

...or they get bought out or merged for they have so far.
8 installed, 4 more (supposedly by EOY) and 12 more available in an agreement.
The Technology to operate them. (Not saying that it is Gold)
The contract with one of the largest mall companies in the US to place them.
And the agreement with Fantasy Gold.
Again, none of this is pure gold, it's just that this much is in place for the right company to take it and turn up the heat.
Just a BIG guess on my part, while trying to figure out what they could be up to???

[Klausen]

but they dont have any money to do anything. The financial statements are not encouraging. I was shocked that they dont seem to have anything but a few ctms which dont make any money, and are unlikely to in the near future. I was hoping they had some mining opportunities but that doesnt seem to be the case. The only upside I see is if they secured some funding for an entirely new idea.

[work-n-hard]

How can you get the trust...? By bring us some news that they did it because of XYZ...and the PPS shoots from $1.50 to $25. lol That would make me feel soooo much better.
(Might as well dream big. lol)

[marylandstockguy]

Yeah I will too. If I was heavily invested I'd be very nervous though. I do think it's possible we'd see a big drop at the open on the day of the reverse split. That's a clear risk.

It could well be the reason they never showed any dilution in their filings is because they're doing this massive reverse split. After that occurs, then they would start adding more shares.

Almost always, a reverse split of this size is very bad news, but we'll just have to see. I think the odds are against this company, but if you have a little invested you can afford to lose, it might be worth hanging in there in the event the RS is for a worthy purpose.

I still think they never should have put out the news that the biggest reverse split they would do would be 1:20. How can you ever gain investor's trust again when you say that, then do the complete opposite?

[Klausen]

I am going to hand in there too. I know the new CEO came on to genuinely give this a shot, so it doesn't make sense that he would nosedive the company at this early juncture. My guess is that there is some type of merger with another company in the works, or an investor lined up, that requires a more suitable share price. But the degree of the r/s is a little lame since they said no more than 1/20 before. I have quite a large number of shares and intend to hold, wait and see. I am hoping for a new development PR on the day of the split.

[work-n-hard]

It's always possible for a sell-off in the OTC world.
I'm still hoping they have a bigger plan as I've talked about before. Surely, they are smart enough to know that the split alone is not going to make this company worth the price to investors?
So, I'm hoping they have a plan, and the first step that they are sharing is the R/S?
As long as there is a plan to keep us at that level, the R/S will be " no harm, no foul." If not, it'll be like dropping the soap...
I'm just willing to take the gamble because they have not been acting like the typical Pink Company and diluting like crazy before this split, all the while PR's are flying out the ying yang.
Call Me Crazy.

[Klausen]

do you think there is a large sell off right after the split? not sure how it works since havent experienced it before. I dont see what bysd has to offer anyone, they own a few ctms which dont seem able to generate any money.

[work-n-hard]

Until the split...ya. Don't know why after that. Unless they completely change their stripes and start diluting? (Seems as though they would have done that before hand.) Right now, looking at it as a OTC trader, it sucks, because we can't look forward to rising 500-1000% in one trading day. Looking at it as a big board trader, I'm hoping these guys have a whole lot more of a plan, that we just don't know about yet?
I'm all paid up and waiting for the answer to that.
GLTA
BYSD

[Klausen]

is this the end for bysd?

[PIGEON RIVER PROSPECTIN,TN]

BYSD, Ya I saw that today. Still no filing with WY SOS.

https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=053084250205018039094221030124110174181213241041

[work-n-hard]

Should be up to 12 units within a couple of weeks?


Note 8
–
Subsequent Events
Since the end of the third quarter, the Company has purchased four more CTMs from Chainbytes
, LLC. The Company
plans to
take delivery and complete installation of
these machines before the end of the fourth quarter.

https://backend.otcmarkets.com/otcapi/company/financial-report/206574/content

[work-n-hard]

Guess that BS about dilution yesterday was proven to be wrong. lol
Updated today and it's the same as it was on 12-04-18, and the same as 6 months ago.
" Oooh, Oooh, Oooh, 20 million shares traded, must be dilution. " lol

Shares Out
4,564,642,631
12/06/2018


https://www.otcmarkets.com/stock/BYSD/profile

[PIGEON RIVER PROSPECTIN,TN]

BYSD, Ya that is pretty clear. They messed up on this

20:1

That is a forward split. LOL

[Klausen]

Here is BYSD's Quarterly report filed on November 15, less than a month ago, seems pretty clear to me:

https://backend.otcmarkets.com/otcapi/company/financial-report/206574/content


"On June 19, 2018, the shareholders approved a reverse split of the shares of common stock issued and outstanding at a ratio to be
determined by the Board of Directors which shall not to exceed 20:1 and which is to be completed on a future date as determined
by the Board of the Directors, which date shall be no later than December 31, 2019. The reverse split has not been implemented
as of September 30, 2018."

[Klausen]

The "news" feature is likely just an automatic collector. I will believe the r/s when I see an official filing with finra etc.

[work-n-hard]

Website has been updated, reflects the change in location from Vegas to Grassvalley. Plus "news" was updated.

https://baysidecorp.com/locations/

https://coinatmradar.com/operator/660/bayside-blockchain-bitcoin-atm-operator/

https://baysidecorp.com/news/

[Klausen]

who is going to buy those 1s? there is a clean million of them sitting on the ask right now.

[PIGEON RIVER PROSPECTIN,TN]

BYSD, There was NO Bid until someone bought 40 mill shares this morning. U should check. LOL

[runningsloth]

All buys? You better look at the trades not 1 was a buy, most sells to the bid

[CryptoRain]

That’s exactly my point, thanks

[PIGEON RIVER PROSPECTIN,TN]

BYSD, All buys this morning, Someone swoope in and snagged 40 mil 1's.

[work-n-hard]

A week or so? I agree with your point, but that huge Bid was there for the last 3-4 months and they didn't add one more share.

[CryptoRain]

Nope..been no dilution here for some time. If they wanted to dilute, they would’ve taken advantage of the 1bil on the bid a week or so ago

[marylandstockguy]

Dilution is just the scare word people use. Obviously if there was real dilution it would be 500 million shares on the day to this point. So it's just a silly comment. But, it's just lazy, and easy to say.

My bigger concern is them not keeping their word. You said the split would be no more than 1:20 and might not happen until Dec 2019. Now we find out it will be 1:15,000, and will be in 3 weeks. They should have been upfront about this from the start. Once you are so far off on your projections like that, people won't trust you anymore. But...maybe there's a good reason for a split this large. I did see one in a pharmaceutical company close to this big, and it actually worked out ok. Usually a reverse split this large is a bad sign, but who knows? That's why I say it makes sense to hold, but not buy anymore. I wouldn't buy any more shares until this works itself out post-split and we get more news as to why the big RS. Until then, just own a small dollar amount. It doesn't make sense to be heavily invested in an OTC. Would you bet 10 grand on one hand of blackjack? Probably not.

[work-n-hard]

While I realize that the company could be selling shares on any given day... the one thing to remember with any given OTC company is, what's their record?
In the last 6 months the company has not reported the OS count going up at all. In the 3 prior months, they sold only 400 million. Before that, someone else owned & ran this company.
Also, the size of the sells can be looked at in more than one way. I know for sure that just within the I-Hub community, there are at least a few traders that I know of, that have in excess of 20 million shares, so you have to figure that there are many more outside of I-Hub that do also.
20 million shares is only 2 grand anyway, I've got more than that in this thing for sure.

[Klausen]

dilution? Then why is there now a bid on the 1s? Your comments make no sense

[runningsloth]

20m dump, dilution

[runningsloth]

Looks like dilution

[Klausen]

Quite the interesting volume today. Millions of shares bought on the 1s....?
What say you all?