Bayside Corporation (BYSD): Another horrible pr. So they retired 700...

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trades4ever74

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Wednesday, 04/15/2015 7:51:50 PM

Wednesday, April 15, 2015 7:51:50 PM

Another horrible pr. So they retired 700 million shares that was already restricted. If I was new here and doing my dd and I read that pr. First thing I would do is find out who owned the restricted shares and why would they so easily gave them up and retire them.

Than I would find out management owned them hmmm so they just gave up there shares. Wow they must see absolutely no value in the future of there company. If they would see value going forward they would never have retired the restricted shares if anything they would have secretly been buying back shares and retiring common shares. And then announce a reduction in OS. This pr makes the future of bysd look grim at best. Now they will have a whole 1.6 billion shares to dilute until that AS is maxed out. No wonder they dont care about the restricted shares. They will be doing an RS soon. Atleast once they max out the AS. That is all that the pr spoke to me today. These guys must be dumbest of thee dumb.