Bayside Corporation (BYSD)

[Triple_Crown]

REVERSE SPLIT for the NEWBIE. What is it?

BYSD is executing a 250/1 reverse split today.
http://www.otcbb.com/asp/dailylist_detail.asp?d=06/17/2011&mkt_ctg=NON-OTCBB
The news of this caused many to sell on Friday. However those of us that did not sell are on the boat so what now?
In a perfect world a reverse split would hold it's value. i.e. 10,000 dollars worth before the split would be 10,000 worth after the split.
So to stick with that number: If on Friday morning 06/17 you had 10,000 worth that would be 3,125,000 shares (at .0032 each) so then Today (or sometime soon) you would have 12,500 shares at .80 each and that would be a 10,000 value.
NOT YET being a perfect world, many sold to avoid the uncertainty of the outcome of the R/S. The BYSD PPS at close was then .0012 So then the question becomes:
What will the opening price be? If it is based on the closing price then it would be $0.30 , if it is based on the price before the panic then it will be $0.80
EITHER WAY THERE IS A POTENTIAL GREATER THAN WE WERE ABLE TO REALIZE PREVIOUSLY.
A fluctuation downward (anything below .80) should be seen as an opportunity buy in. IMO
We will all know something right away as we watch to see.
Will it open at .80 or .30? Time will tell.
(Interestingly my Etrade portfolio shows the last trade as .0038 so if they are adjusting base on that it would open at .95)
I do believe we are on our way to Dollar Land...
Y'all know a PR is coming. How can I tell?
Well to quote the Bell-tower Keeper at Notre dame:
"Let's just call it a hunch"