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In accounting, Assets = Liabilities + Investment (equity/ownership). Liabilities have to be paid back....investment doesn't. Say I have $2,000,000 in the bank (Asset). I might have gotten it this way: $1,000,000 from investors (Investment) and $1,000,000 from a bank loan (Liability). A stockholder deficit, not being a liability, never needs to be repaid.
It's been my experience, when a cup and handle chart pattern forms, like this classic beauty did, once the breakout occurs (which usually takes a couple more days to do than this one did), it more than doubles in price before consolidating. Usually in the 120 - 150% range.....or more! IMO That's without any exterraneous events (news, dumping of shares, etc) occurring. With the news which everyone is anticipating, that percentage would go much higher.
Okay, what am I missing? Over $8,000,000 in the bank, with an O/S share count of about 55,000,000, meaning approx. share price (cash) of .16/share. Trading at .004, about 1/40th of its value. What gives?
And yet the last 2 PR's remain.....they have not been removed.
Worst case scenario....the last 2 PR's are fake. The China contract is still good, and the pps goes up! Best case sceneario....the last 2 PR's are real, and the pps goes way up!!!
My FIRST thought after reading that Yates had twittered that the PR's were fake was that it was a whole hell of a lot easier to blab about a twitter feed than to fake a PR. PR vs. talk talk talk. And the PR's still remain!
And NOBODY is questioning the contract with China!
And through it all, the PR's remain.....
Not dilution. Obviously retail seller. Someone bought at .0001 and is tired of holding.
Oh I know the sub pennies don't trade based on market research, but the only way this thing can go is up! lol!
So even at a 3.154B O/S, that's only a $315,400.00 market capitalization. The stated gross receipts for the year is just under 1.2M.
The OS is 2.8B, AS is 5B. At 2.8B, the market cap is 280K, only 1/2 of what they potentially profit in a year. Could be 25 - 30X its present market cap, meaning a pps of .0025 - .003. IMO
Press release of today states there are 3 providers, and they are onsite in managed care facilities, meaning little to no overhead. That works out to over 700k profit, just where they're at today. And they're just starting out, so the sky's the limit.
The earnings are 100K per month, not per year. Dentists make maybe 10 - 15k per month.
When I read that PR of March 19, I took it to mean they'd found someone to give them the $$$, which meant unloading shares on the open market...not a commercial loan. Based on my unscientific estimation, about half the 2+ mill has been raised by share selling so far. Still got a ways to go, but with the product and the money to develop, there's a real value....so the price isn't going straight down. I think it's already seen its bottom, but every other day is an unloading of shares in order to fund development. Eventually (within 2 weeks???) the flooding of shares will cease, and then the price will soar!
From what I've read, it's the PRINCIPALS of Bayside that have been mining bitcoins for over a year. Easy to do....they bought the computer with their own money and on their own time, and set the computer to mining. On the face of that information, Bayside itself didn't mine the bitcoins.....though they would, of course, have access to them. ANYONE has access to bitcoins, who has the money to buy them. Since it's the principals of Bayside who did the mining, then Bayside itself doesn't have those bitcoins, and will have to buy them from the principals.
Also, there is no way to know how many coins have been mined by these principals, unless they tell someone. How many computers did they have going at a time? Back when not very many were doing it, a computer could mine a bitcoin a day, give or take. Now more people are into it, but the number of bitcoins mined is limited to a specific number per time period, worldwide. Therefore, the mining per machine has slowed down considerably.
Now as for the BitcoinzUSA, it's stated that this subsidiary was formed, again by the principals of Bayside. It never existed outside of the Bayside umbrella. So no money or stock was exchanged for it.
The above is my understanding, based on the information released by Bayside, and rereleased by others on this board. I'm willing to be corrected.
If their CEO is buying shares, she must know something. It can't be just this one franchisee. IMO
It's in their latest financial filing. A/S 600,000,000.
Then it's a PnD company that had over $300,000 revenues per their last quarterly report.
"risk on" changed his name to "Turning Point" and they're hitting it from 2 angles. Hey guys, the price is already down.....why are you here? Why do you feel the "need" to continue to depress the price? You've already heralded your doom. Now it's up to stock traders to either listen or ignore your advice. If what you were offering were true, you'd be gone already.
From being every other post to disappearing altogether. His job is done for his masters.....the price sits there, waiting for them to gobble them up.
Good questions:
1) At the time of the $2.50 price/share, there were fewer shares.
2) A young company may change locations/addresses, necessiating a new phone#.
3) A young company, in order to save money, will have an answering machine instead of a live person.