As many of you know, the Company has been in the process of restructuring subsequent to the acquisition of BYSD.PK in December 2010. Accordingly, BYSD is completing the required filings, registrations and audits. The Company will also be filing an S-1 to bring BYSD up to fully reporting OTC Bulletin Board status. The Company is required to provide a ten day public notice announcing details of a reverse merger valuation of it’s stock, which the Company hopes to accomplish before the end of March 2011.
Additionally, Bayside’s Officers and Directors have in no way been a party to the recent volatility in the BYSD stock valuation. The Company’s officers or directors have not been issued any stock as of yet nor have they sold any shares to date; the company does not intend to sell any shares until is a position to do so under the regulations.
The Company is in serious discussions and negotiations with Wall Street Investment banking firms and fund managers who have expressed a a great deal of interest in underwriting it’s offerings in the public markets once the Company’s filings are complete.
We look forward to updating you regularly once the Company has completed its filings and quiet period. Please bookmark our web site’s URL below and sign up for our RSS feed for more Updates as they become available.
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