Bayside Corporation (BYSD)

[marylandstockguy]

Dilution is just the scare word people use. Obviously if there was real dilution it would be 500 million shares on the day to this point. So it's just a silly comment. But, it's just lazy, and easy to say.

My bigger concern is them not keeping their word. You said the split would be no more than 1:20 and might not happen until Dec 2019. Now we find out it will be 1:15,000, and will be in 3 weeks. They should have been upfront about this from the start. Once you are so far off on your projections like that, people won't trust you anymore. But...maybe there's a good reason for a split this large. I did see one in a pharmaceutical company close to this big, and it actually worked out ok. Usually a reverse split this large is a bad sign, but who knows? That's why I say it makes sense to hold, but not buy anymore. I wouldn't buy any more shares until this works itself out post-split and we get more news as to why the big RS. Until then, just own a small dollar amount. It doesn't make sense to be heavily invested in an OTC. Would you bet 10 grand on one hand of blackjack? Probably not.