Bayside Corporation (BYSD)

[fojcol]

From what I've read, it's the PRINCIPALS of Bayside that have been mining bitcoins for over a year. Easy to do....they bought the computer with their own money and on their own time, and set the computer to mining. On the face of that information, Bayside itself didn't mine the bitcoins.....though they would, of course, have access to them. ANYONE has access to bitcoins, who has the money to buy them. Since it's the principals of Bayside who did the mining, then Bayside itself doesn't have those bitcoins, and will have to buy them from the principals.
Also, there is no way to know how many coins have been mined by these principals, unless they tell someone. How many computers did they have going at a time? Back when not very many were doing it, a computer could mine a bitcoin a day, give or take. Now more people are into it, but the number of bitcoins mined is limited to a specific number per time period, worldwide. Therefore, the mining per machine has slowed down considerably.
Now as for the BitcoinzUSA, it's stated that this subsidiary was formed, again by the principals of Bayside. It never existed outside of the Bayside umbrella. So no money or stock was exchanged for it.
The above is my understanding, based on the information released by Bayside, and rereleased by others on this board. I'm willing to be corrected.