Bayside Corporation (BYSD)

[mario3349]

I was thinking about the last preliminary earnings release $3.2M with $168K in NET earnings. Some thought this was not very good but in reality, based on a Bit-coin selling for $275 right now and BYSD is charging $309/coin, minus the cost to them for a bit-coin means that BYSD is grossing about $34 per Bit-coin sale . Multiply that by about 10,356 coins (3.2M/$309= 10356 bit-coins sold) and you get about $352,103 gross earnings so after all expenses to wind up with $168,000 net earnings is not bad at all. That equals about a 47% margin. Not bad at all. On a yearly basis then, providing all stays the same, then your looking at NET $168K X 4= $672,000 NET in a year. That's with zero growth... Now factor in the GROWTH of bit-coin sales and these numbers are going to be on the conservative side, IMO.