Replies to post #51177 on Bayside Corporation (BYSD)

[The Prophetic One]

Agreed. I was told on the phone that everything was just waiting on FINRA and now Technis supposedly backed out.

I call BS!

BYSD

[Vercingetorix]

This new development is not good. Sorry, I've been trying to stay positive but this way they're unloading the Petroleum is BS. This is a fake company they're using to offload their non-existent oil assets. Hard to believe but just 2 years ago they were claiming a deal to make $100 million per month on this.

[General Ripper]

Ha! Great News I See..LOL..
I commented the other day this might happen, on the FINRA delay. That "additional cash" claus, contingency in the original Technis PR probably sank the deal. Either way it doesn't matter. What matters is how fast BYSD spun this off by using same deal dynamics with another company not relative to oil business. Maybe iseeAuto, was a previous player before Technis and jumped back in?..
.. I say The whole thing stinks, but hey, that's BYSD.
IMO, they should of auctioned these wells off professionally to serious oil company bidders with a proven track record, like Harold Hamm's, Continental Resources, Anadarko subsidiary's, Stratex, or similar. Instead they want to frick around with a robot mfg? ..Man! ..that's all I got to say on that one. If BYSD is so rigid in the same framework divy share deal, then get some experienced oil co. that can rework the wells to get us revenues. Meantime BTC, dipping nicely lower, .0005 not to far off..

http://www.thedeal.com/content/restructuring/stratex-takes-bid-straight-to-magellan.php

http://www.croatiaweek.com/7-bids-in-continental-croatia-oil-drilling-tender/

http://finance.yahoo.com/news/continental-resources-adds-oil-acreage-north-dakota-auction-214927571--finance.html

With this great news, Looks like BYSD going to be one of those rare companies to drop on a GC.. lol......