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Nothing to be excited about, someone clearly hit a high ask which caused the jump in price.
No news, price will go red again. Got to love the waiting game...
Why the jump?
It has to happen first NoDope. All in good time my friend.
Mmmmhmmmm, it's gone now interesting.
I seriously wish I had more money to dump into this right now.
EVERYONE PANIC! SELL YOUR SHARES! QUICK! AWWWWWWWWWW!
*running in circles screaming!
Buncha nubs.
Somebody just made bank selling 900 shares... O.o stupid monkeys.
Bro, if the CE isn't gone in a month this will be way down in price so you will be able to pick it up. However, if the CE is gone before the end of october... Good luck getting any cheapies.
Look at the trades... Jaja.
Let it dip more, then I'll pick up some more cheaps and be even more happy.
A lot of sales today. Interesting.
If this was FB... "Like" haha
Awesome, I was just posting info on it's removal directly from the site. Although I'm sure everyone knows by now.
Generally, OTC Markets will remove the Caveat Emptor designation once the security meets the qualifications for Current Information and we are satisfied that there is no longer a public interest concern, typically no sooner than 30 days. In the case of reverse mergers, OTC Markets will remove the Caveat Emptor designation upon qualification for Current Information or, for SEC filers, with the submission of a super 8-K, with no 30 day minimum.
What a shame...
I know this. I said it earlier.
2 week's will be wed.
Do you blame them? Lol it's GG once that sucker is lifted.
The status hasn't been removed, with no news it's going to be a very red day.
Sexy ask @ .2599... Yup. Check it and smile.
What's up with the sexy ask?
You are correct lol, sorry I miss read info. Lol
Lol the people of exto our merger think this is a good thing! Anyone have predictions for the new deal?
No crashing, there is no reason this stock should be pulling back given the recent positive news.
Woot we crashing and burning today.
It's weird OTC says 700% green from $.005 - $ .04, and Ameritrade, Scott trade say -87% red from $.30 to $.04 any explanation for this would be nice!
Guess so, I find it hard to believe this will stay at 4 cents very long given the reduction of float with the new r/s.
Am I the only one who is buying up shares now after the r/s?
I highly doubt thats what will happen when our shares switch over, that's to optimistic.
Ameritrade shows a drop from .30 to .04 @ 87% (red) you sure you don't got it backwards fella?
We went from .30 to .04 today, what did the r/s do? Screw every shareholder. Nice.
At 250/1 R/S whoever has money invested into this stock is going to lose it.
It's simple, lets say you bought into this stock at .005, and you spent 1000$. RIGHT NOW it's at .001, so your 1000$ investment is worth 200$. When monday roles around and the R/S is complete the 200k shares you own will be 800 shares at ($.275 - $.300) = ~$220.
Because of the R/S and everyone selling out their shares, this will cause you to lose $880. On top of this, it is highly unlikely after the R/S is complete BYSD will go from $.300 to $1.20. <--- the leap required for you to make the $880 back.
So in esence, your screwed by this R/S. If you kept your money it is highly unlikely you will get your money back.
HOWEVER, GIVEN THE HIGHLY VOTILE BYSD. IF A FEW MILLION SHARES ARE BOUGHT, THE PRICE OF THIS STOCK COULD SKY ROCKET.
You could expect this stock with its soon to be extremely low flow, to jump after the r/s if people invest, or you could expect it to dive into the depths of hell.
If your still in it, it's pointless to sell now. Until BYSD releases positive news, your stuck in the red. Lets hope that on monday the release some good news along with the R/S. Because without it, I don't see this going anywhere anytime soon.
If they keep getting great business the longs could make a lot of $.
Same I feel comfortable enough to hold out.
To all the possible investors, and the longs that still hold shares.
The report given yesterday has it's up's and down's!
The bad:
We now know there is no R/M.
We now know there is a current float of ~440 million shares.
We now know there is a future possibility of a R/S.
We also know the website is still down.
The good:
BYSD has began to republish information.
BYSD has interest in mining.
BYSD plans to increase the price of stocks.
Take your pick, feel free to add to this simplified version of whats going on.
Bayport were elected to assume the position of the officers and Directors of Bayside with Gordon
H. Johnson remaining on the Board of Directors. However, in early May, 2011 it became apparent
that neither Bayport nor their officers or Directors had actual ownership of the assets to be
conveyed, and merely had verbal agreements to acquire them. Further, it was discovered that the
newly elected Chief Executive Officer, Louis Porter, had a prior criminal conviction that was not
disclosed. Accordingly, Mr. Johnson, acting as the Trustee of the Managing Member of DZ
Energy, LLC called for a Special Meeting of Shareholders that was held on May 11, 2011. As a
result of the actions taken by a 94% majority of the voting shares of the Company the newly
elected officers and Directors were removed from office, the transaction with Bayport Corp. was
rescinded, and Mr. Johnson was re-elected as the Chairman of the Board, President and Chief
Executive Officer of the Company. Additionally, James T. Ling was elected as Vice President and
Director, and David Dischiavo was elected as a Director. No shares were issued in the Bayport
transaction.
Bayside Corporation is a fast-growing early stage oil and gas development company that has a
management team with over 100 years of combined experience with prominent energy companies.
Bayside specializes in the acquisition, drilling, rework, re-completion and enhancement of
properties in proven oil and gas fields that offer lower risk and high potential returns to the
Company in a shorter time period than through traditional exploration drilling.
Bayside will consider the acquisition of interests in mining properties located within the continental
United States at such time as sufficient funding is available to the Company without disturbing the
its normal operations.
B. Business of Issuer.
To date, Bayside has assembled, is producing and will drill, re-complete and/or rework a valuable assets
--------------------------------------------------------------------------------
Scare the problems with your post are bolded,
The R/M is done, BYSD has interest in mining, however there is no deal. Key word, "interest".
Other important information to take into consideration is this.
Bayside has presently issued and outstanding approximately 2.05 billion shares with a current float of 443 million
shares. The Company has authorized capital of 3.4 billion common shares, 50 million Series A Preferred Shares and 50
million Series B Preferred Shares. The Company is considering a reverse split of its Common Stock in the near future.
This has all been taken from the document posted yesterday.
Stated in finacial report word for word.
Also, there are
additional development locations to drill. Upon completion of the work proposed on the properties now inventoried the
Company should have proven, future net revenues of approximately $81 million. The Company has an aggressive
growth strategy with a goal to reach net proven reserves of 10 million barrels of oil and natural gas equivalents within
12 to 18 months of its pending funding discussed below. Bayside has additional goals, which include achieving
production of over 1,200 net barrels of crude oil (including gas equivalent) per day and monthly cash flow exceeding
$1,200,000.
Bayside has several major strengths. It has a strong, experienced and focused management team, it owns a valuable
portfolio of existing oil and gas properties and it is well positioned to substantially increase its proven reserves, cash
flow and shareholder value over the next 12 to 18 months.
For the longs who plan to stay in.
From the following news released yesterday.
DRILLING ACTIVITY:
The Company does not have current plans to drill any wells; however, the leases owned by the Company have multiple
developmental locations to be drilled at a later date.
5. PRESENT ACTIVITIES:
Presently there are two wells on which re-entry operations have just been completed and testing is ongoing. There are
no other wells being drilled, re-entered or reworked by the Company at this time. The Company expects to begin
rework operations on at least 17 wells during the second and third quarters of 2011.
I wouldn't sell my shares, this company is planning on upping its business very soon.