Bayport were elected to assume the position of the officers and Directors of Bayside with Gordon
H. Johnson remaining on the Board of Directors. However, in early May, 2011 it became apparent
that neither Bayport nor their officers or Directors had actual ownership of the assets to be
conveyed, and merely had verbal agreements to acquire them. Further, it was discovered that the
newly elected Chief Executive Officer, Louis Porter, had a prior criminal conviction that was not
disclosed. Accordingly, Mr. Johnson, acting as the Trustee of the Managing Member of DZ
Energy, LLC called for a Special Meeting of Shareholders that was held on May 11, 2011. As a
result of the actions taken by a 94% majority of the voting shares of the Company the newly
elected officers and Directors were removed from office, the transaction with Bayport Corp. was
rescinded, and Mr. Johnson was re-elected as the Chairman of the Board, President and Chief
Executive Officer of the Company. Additionally, James T. Ling was elected as Vice President and
Director, and David Dischiavo was elected as a Director. No shares were issued in the Bayport
transaction.
Bayside Corporation is a fast-growing early stage oil and gas development company that has a
management team with over 100 years of combined experience with prominent energy companies.
Bayside specializes in the acquisition, drilling, rework, re-completion and enhancement of
properties in proven oil and gas fields that offer lower risk and high potential returns to the
Company in a shorter time period than through traditional exploration drilling.
Bayside will consider the acquisition of interests in mining properties located within the continental
United States at such time as sufficient funding is available to the Company without disturbing the
its normal operations.
B. Business of Issuer.
To date, Bayside has assembled, is producing and will drill, re-complete and/or rework a valuable assets
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Scare the problems with your post are bolded,
The R/M is done, BYSD has interest in mining, however there is no deal. Key word, "interest".
Other important information to take into consideration is this.
Bayside has presently issued and outstanding approximately 2.05 billion shares with a current float of 443 million
shares. The Company has authorized capital of 3.4 billion common shares, 50 million Series A Preferred Shares and 50
million Series B Preferred Shares. The Company is considering a reverse split of its Common Stock in the near future.
This has all been taken from the document posted yesterday.
