Bayside Corporation (BYSD)

[captain sparrow]

the new company would absorb everything including debts brother. That's what happens in a merger. The last 2 oil deals falling apart is probably why BYSD is desperate to get out of the oil business brother but its easy to focus on short comings, but its just as easy to focus on the +'s because BYSD has had many +'s too. and when you buy assets and pay in stock the rule of thumb is always that your going to pay more in stock because you don't know at what price, or "if" you can ever liquidate the stock.

Previous filings show BYSD showing just over 2 Million in assets brother. so 5 million in stock not knowing if they ever see actual cash from the stock sounds like justification for issuing the extra amount in stock brother.

I had to do the same thing on a business I had years ago. Buyer didn't have all the money to pay for it so I took stock instead but took TRIPLE the price in stock for that reason and that company was private brother. Go BYSD