Replies to post #73467 on Bayside Corporation (BYSD)

[stolenluck]

Hi there, long time holder here.

I made a complaint against BYSD with the SEC back when they were still into the petroleum game and targeting 2nd/3rd attempts on wells... they told me that the SEC does not regulate the vast majority of securities traded on OTC.

Someone fact check me if I am wrong but I legitimately spoke to a SEC investigator on the phone and I was told they would not investigate for OTC markets.

But I knew the risk when I invested in this POS, thankfully not my only investment nor should it be. I have only kept this one because it had no value to sell, now I am considering selling so I don't get slammed with another R/S fee.

In the end... it has been a learning experience getting into some investments on OTC but in all honesty I have made over 90% of my gain from value plays or dividends on the big exchanges and I have never had substantial funds to invest, just modest activity here.

Take it with a grain of salt, learn a lesson here if you need to in OTC... its like the wild west and you need to accept that and know that you should not expect or rely on oversight from bodies such as the SEC.

Just dabble and invest smart, there have been so many red flags here that were obvious to anyone with half a brain but we chose to ignore it hoping for a home run... securities need to walk the walk or they do not deserve your hard earned cash.

The very best of luck to you all!