Replies to post #67477 on Bayside Corporation (BYSD)

[DD_dempsey]

Why Im not worried about POTENTIAL of small r/s-$BYSD

Here is why I’m not worried right now — AT ALL!

Read the actual language from the company of the incredible small PROPOSED R/S- set to be voted on JUNE 19th 2018. Haha. A month from now. A month from now!! And might not even go into effect for 18 months.

Here is the exact language of the company proposed R\•S- one of the smallest I have seen in the otc pinks recently. One I don’t think will even occur and it’s over a month away from possibly occurring ANYWAY. If the share pps goes up significantly - they will be far less likely to do anything to hurt shareholders now.

Proposal Number 4 – Approve a reverse split of the shares of common stock issued and outstanding at a ratio and on a future date to be determined by the Board of the Directors.

Approve a reverse split of the shares of common stock issued and outstanding at a ratio to be determined by the Board of Directors which shall not to exceed 20:1 and which is to be completed on a future date as determined by the Board of the Directors, which date shall be no later than 12/31/19;

SO THERE YOU GO. Shareholders here face the CHANCE At a very small reverse split - the MAX IT COULD BE IS 1/20. Wow. Maximum and it can’t be voted on until June 19- a month away and it might not go into fruition even it’s approved until the end of 2019!!!

Now—
THE RETURN OF THE 850 mil shares last month was the better alternative. The bottom line was that the reverse was not voted on yet and frankly- based on share structure -some companies don’t even give you the choice. They just effectuate it and we find out via a filing put through Edgar or otc markets. I was in a stock awhile back called $SPLI. it was facing a potential r/s that wasn’t voted on yet and sitting at .0017 pps. I grabbed that one based on its MJ merger news they decided to cancel the r/s once the stock pps accelerated. That became VPOR and I sold it at .25-.40 cents. IMO- the only reason why this stock was avaible so cheap was the fear that investors might eventually face this 1-20 r/s. Which btw- is NOT A BIG DEAL AT ALL. 1/20? That’s actually not that bad frankly. But until we know for sure the company is going to even do that - I prefer to focus on the strategic business developments that HAVE occurred and will weigh and measure the future of the stock next month based on what the company reveals to us.

NOTE— I would reach out to the company online and let’s see if we can’t get a statement issued that they either no longer are considering it at this time OR- that they are willing to look at other funding options instead. I imagine that they changed the SS already with good reason and the return of shares to the treasury last month continues to intrigue me. As well- another clear indicator thry don’t rally want to reverse - They also set the date to actually do the split before end of 2019.

[color=Blue]As well- there stands some time now before when the r\s is scheduled to be voted on - and when a company starts to see their stock pps accelerate based on their own validations and business news- they become more willing to continue to tell their story and less likely to effectuate a split that will damage all the NEW shareholders they just attracted with the purchase of Fantasy Gold crypto currency mining and the delivery of the new bitcoin atms - down in Florida.[/color
Check out the CEO’s investment banking and blockchain background !!

READ WHO THE NEW CEO IS HERE!!

Justin Frankel Named New Chief Executive Officer of Bayside Corp
Press Release | 01/29/2018
Steven Hoffman, former CEO of Bayside Corp, will continue to serve as Chairman of the Board

WESTON, FL / ACCESSWIRE / January 29, 2018 / Bayside Corporation (OTCQB: BYSD; "Bayside" or the "Company"), today is pleased to announce that it has appointed financial services executive Justin Frankel as Bayside's new Chief Executive Officer. Under Frankel's guidance and leadership, the Company plans to create a network of two-way remittance machines as its first step in a larger vision to provide infrastructure solutions that will enable and expand the blockchain ecosystem.

Justin Frankel joins Bayside with over 20 years of professional experience in the financial services industry. He most recently served as the portfolio manager for a derivatives-based mutual fund at RiverPark Funds in New York City. Prior to RiverPark, Justin held various positions in the capital markets as part of successful product and sales teams, including at Morgan Stanley where he was responsible for building and managing a national sales team marketing structured notes. In addition, Justin has been an advisor to and investor in early stage companies throughout his career, and has been following the crypto-asset industry for years as part of his broader interest in technology infrastructure opportunities.

On the appointment of his replacement, Mr. Hoffman commented, "We're pleased to have Mr. Frankel on board as the new Chief Executive Officer of Bayside Corp. His expertise in making complex financial products understandable to a broader audience will undoubtedly be an asset that the Company leverages and capitalizes on as it moves forward in its mission to enhance crypto utility and user base."

Justin Frankel, CEO of Bayside Corp. added, "As the crypto-asset markets continue to mature and demand from investors continues to rise, the need for more robust infrastructure to support the industry-wide growth will remain paramount. I'm excited to join the Bayside team and develop the utility and infrastructure resources this burgeoning market both demands and requires.