I'm not sure where in my post it sounds like I had gotten my feelings hurt. The only emotion that I showed was confusion over why you would imply that I hadn't done any DD.
It did give me a laugh though when you said the S.E.C. site explaining the IRS's stance on Bitcoins sucked. I guess you wouldn't believe it from any authority?
On you unanswered question. I did try to find a company that had mined bitcoins, was sitting on a pile of them, and when they received an order minted the coin and sold it. Oh ya, and was public so that I could read their filings. All I could find was companies like Casascius Bitcoins and I doubt that Mike Caldwell will let me read his tax returns. Private citizens are funny about such things.
The point is companies like Overstock and Amazon might not be holding Bitcoins. I read over their filings but If they receive them as payment and cash them out then those funds might show up under "other than cash" or in some other nondescript way. The point being if Bayside owned those coins after the "Principals" mined them they should show up. Oh Ya, since they didn't mine them, can you show me where in their filings it shows them buying them from the guys that mined them.
IMO, all of this boils down to what I said before. They are not owned by Bayside, even though the physical coin is sold THROUGH their company. Therefore, the value of the electronic coin is not reflected in Baysides share price.
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