Bayside Corporation (BYSD)

[paperboy22]

Hey Petro, I was refering to things in the long past. All the info is in the filings but the short of it is the company was constantly approving shares for aquisitions that wern't followed thru on.

Here's some good news tho....DZ Energy appears to have only recieved 30 Million in shares...Here's an excerpt from the Nov. 2010 filing that updates the DZ Deal from the July filing with 1.2Billion in shares....

Goodwill
The Company issued 30,000,000 shares of common stock for the purchase of the assets of DZ Energy LLC.
These shares were valued at market at $.02 cents per share resulting in a value of $600,000 which was
assigned to goodwill. The Company then impaired this acquisition in full as the value of the oil leases
purchased going forward could not be measured precisely.

Hope some of this help.