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Shows some conviction when a buyer shells out $23,000+ to buy a sub-penny stock... maybe they know something we don't...
If someone is selling, someone else is buying. Looks like 34+ Million sold at .0007 and a few right after at .0008. Someone bought in at .0007 big time but from who?
Someone is LOADING big time in BYSD. 38+M shares just changed hands by 10:35AM
Unfortunately, it will likely languish here for a few days until another PR comes out and gives it a nudge upwards. The fact that there hasn't been much, if any, selling into the bid gives me the feeling that those that have shares ALL expect this stock to go UP at some point in the near future and don't want to loose out when it does, so they hold; smart idea for now IMO.
I wonder if Marijuana Producers (who can't put their money in banks, due to Federal Laws) put there money in bitcoins somehow to keep their earnings safe, instead of a safe in the back room. Sounds like a gold mine for a bitcoin vault company.. hint,hint BYSD.
Unfortunately, there is just as big of a ceiling sitting at the .009's. That leaves and this moves up. IMO
Upside pressure on this stock is obvious; all that is missing is volume. Someone is throwing in .0008's BIDS to tempt those on the ASK to bite and sell lower so we don't finish the day in the .0009's. It's not working so far. It didn't work...
There are plenty of stocks on the big boards that earn $3 Million or more and don't have NET positive earnings due to the development stage of the company, expansion, etc. This little sub-penny stock is NET positive and growing their business and yet some people want to beat it up without seeing and earnings statement. Most sub-penny stocks do nothing but burn investors money and dilute to the rafters, there is next to NO dilution here. The signs are there to read, the .0009's will burn up and this stock will slowly chug upwards. IMO
A sub-penny stock showing a NET profit 2 quarters in a row, increasing profits and exponentially increasing revenue and you are calling it "Garbage"; guess you haven't bought to many sub-penny stocks before. MOST NEVER post a profit at all, EVER! The ones that do never stay cheap. I would assume they paid down debt and are expanding the business. That costs money. Get real, this could be a big winner in this arena. IMO
When you sell only 3 Million shares in a day and the price advanced on that volume... there is NO dilution here. Furthermore, the price going UP on such light volume shows me conviction of owners of the stock to NOT want to sell at these levels at all! This SHOULD be extremely positive for the overall share price both short and long term. Once larger buyers realize this little penny stock exists, look for very positive gains in price point. If BYSD management is smart they should buy back a crap load of shares at this price point and resell them later at a higher price point; it's a win, win for everyone... IMO
I've invested in plenty of penny stocks and I will tell you this, BYSD is what I call a "sleeper stock". Management doesn't seem to keyed in on the ways of the world when it comes to promoting the stock to potential share buyers. What they do seem honed in on is growing the earnings by building a legit business thru sales with good profit margin (they want to make money). Just My opinion, take it for what it's worth. That WILL pay off for investors over time. Again JMO.
Well this can't be getting diluted much with total daily shares bought/sold rates of 10 million +/- shares with 2.1 Billion +/- out there. There has been light volume, even with news and if dilution was what BYSD was intending to use to scam money from investors they would flood us with stock sales down to $0.0001/share and reverse split until it was dead.
I'll sell when it's time and I will make money at it. This stock swings up and down and as long as that continues money is to be made regardless of other factors.
Only two ways this up-lists. One: a massive reverse stock split ( that never ends up well for those that hold thru it) and two, a massive retirement or buy back of shares reducing the float. That usually is a very healthy way and benefits existing share holders nicely. Now the question is which will happen.
I agree, until we know just how many shares are outstanding and issued even the 700 Million that were retired has little meaning. Hard to determine where share price should be without knowing all the facts. Someone can hype this all they want, big money won't hope in without all the cards on the table. IMO
According to the release that came out back in April: 9:00 am ET April 15, 2015 PR Newswire
"Bayside Corp. (BYSD: PK) today announced just over a 67% reduction off of its current Issued and Outstanding Common Stock as reported in the company's recent Quarterly filings. The reduction consists of 700,000,000 Restricted Common Stock that has been canceled and retired back into the company's treasury."
So, just how many OUTSTANDING Shares are really out there??? 2.1 Billion, 1.4 Billion, less.... just wondering? It implies that there should be a much higher share price for BYSD in light of the $3 Million PLUS sales announced for this quarter. If costs stayed in line with the 1st quarter with great margins then NET profit should be around $2.2- $2.3Million or more. All the hype about this stock MIGHT actually be close to reality. At these levels, hard to find a reason, based on data, not to buy in. IMO
Looks like BYSD is going to stall here with the nearly 11M share ask @ .0008 and under 2M share offer @ .0007 on the bid. More down side pressure then up. Some selling into the strength. Three days from now (absent of another PR and/or a big buyer) we will be back in the .0006's unfortunately. This is a "diamond in the rough" stock and will eventually pay off big. IMO
I said "IF" and today an 8-K was released to clarify that On May 26, 2015, the Company issued a press release titled “Emerald Oil Elects Not To Proceed With Public Offering of Common Stock.” There was no oops... The stock has a BOOK value of $47.58/share and is trading in the low $6 range. There is value in this stock... It is obviously a BUY at this time. IMO
I still find it amazing that people HOLD a stock thru a reverse split and then complain about it afterwards. If a stock is going to do a reverse split; IT IS ALMOST NEVER good to hold thru the reverse split, like 99% of the time you loose money. SELL and buy back in after the dust settles... Look for this to find support in the mid $5 range and likely over the next few days RAISE slowly to the $7 range or above, PROVIDED there is no further dilution. If $80M dollars is/was being raised with share sales it likely would dilute to about 18-19 Million shares total float BUT from the press releases it appears the whole stock offering plan was scrapped (for now). That's not going to kill this stock. The capitol spending budget of $65 Million for the year has already spent $42 Million so spending will taper from here. Production is increasing to make up for lower crude prices. I don't care about BEFORE the 20:1 reverse split but for now this is a BUY, kind of a no brainer, just don't marry it. There is money to be made here for the wise. JMO
If this continues downwards to $0.50/share, look for a reverse split of 10:1 or more, immediately followed by an increase of shares available ... JMO
How many PENNY stocks actually show NET POSITIVE earnings at all... not many, especially at these stock share prices and NOT diluted all to hell. BYSD is a gem in the rough and CHEAP as hell at these prices. In 6 months people will look at these share prices and wish they got in here. JMHO
Nice piece on CNBC about BITCOIN a few minutes ago and a NASDAQ company selling them. BYSD seems poised for great things.
Well we had the PUMPS looks like someone wants to do the DUMP today... share price of .0010 should be a buying opportunity unless we get more dumping.
Yeah, the TA gag is a MAJOR concern to those with eyes wide open. There is a lot of good reasons to want to own BYSD shares but all it takes is a major screw over by management and confidence in BYSD could be hurt irreparably. Just hope that management isn't trying to pull a fast one. I'm on the fence with this one, just hope I don't get pushed off. We could use a big win here. Guess we will see.
Nice to see a penny stock that doesn't "seem" to be DILUTING the stock to near zero value every other day after BS pumping. This one might actually be a long term BIG winner. Looks like good inflection levels...
What announcement?
Probably end the day in the 14's unless the bid collapses, don't see that happening though. As long as the AS stays at 2B; should be no problem. If AS is increased substantially, I'm gone... Been there, done that... never ends well. IMO
Good load point seems to be .0014-.0015, JMHO
Pullback and consolidation here it seems. Little upside pressure. Support at .0015 but limited.
Total oil production out of the Texas oil wells was 806 BOY. I think I changed out more oil then that in my last years car oil changes... not really but you get the point. 64 BOM for the month of December... pathetic! What a bullsh*t stock!
Oil production numbers says it all. Texas RRC web site shows Oct. 2014 total PEII production of 257 BBL's for the MONTH (after months of sequential growth) and Nov. 2014 production numbers FALLS to only 69 BBL's for the MONTH. After all the money pumped into PEII stock by share holders and (supposed) well work overs; all that is coming out is just over 2 BOD of oil production. That is PATHETIC! FS should be in JAIL! What a rip off. That's why this stock is back in the trip's again. PEII is WORTHLESS!!!
Floyd Smith LIED to all share holders with false promises of increased oil production. He's slick, a snake oil sales man. The wells in Texas produce a trickle of oil. The ones in Oklahoma aren't much better yet he still touts the big production is right around the corner. Same crap he has been saying for over two years. Meanwhile, he dumps billions of worthless shares on investors hoping to live the American Dream. Dream elsewhere, PEII is just a nightmare. PEII share price knows only one direction; DOWN!
Floyd Smith is running out of suckers!
Ahh, The fools rush in. PT Barnum was right. "A sucker born every second". PEII proves it again. Funny thing is they spend almost as much money on a PUMP as their TOTAL revenue from OIL production for ALL of last year. Now that's sad.
This is going down faster than a lead balloon! Can't believe there are still suckers buying this crap.
Tune in in a few weeks when this stock goes to .0000000001
Yeah, NOT! There is NEVER a time to buy this crap stock EVER! IT IS A SCAM!
Floyd Smith has ripped off EVERY investor in PEII and is not stopping. Take your money and flush it down the toilet, that's what investing into PEII is. It's that simple.
Why would you want to catch a SINKING boat. Anyone want to buy a ticket on the TITANIC (USS PEII)!!! I think not. This POS is sinking fast!
Well "D" is for DILLUTION or DOUCH (FS), both are appropriate here so it will always have a D attached.