Bluff or fluff, the one penny stock which cannot be ignored on Wednesday for a gap and trap open belongs to Bayside Corp. (BYSD). Set to run off of massive mini-alerts and news of a $1.9 Billion annual purchase order for heavy fuel oil exports, BYSD stock is set to leave sub-penny land and move its way, even if only for a portion of a day, to above .01. Having only visited the level for a brief stint when the shares were introduced back in May, expanding their revenues from $0 to nearly the same amount in dollars as there are authorized shares, a boat load of bagholders are set to end tomorrow’s session wishing they had stayed in bed.
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BYSD Stock Quote
Market Cap: 3.47M
Last: 0.0046 ▲ +0.0009 (+24.32%)
Dollar Volume: $15,010
Issued and Outstanding: 66,142,631
14-Day Rel Strength: 48.93%
1st Resistance Point: 0.0051
1st Support Level: 0.0037
2nd Support Level: 0.0027
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With alerts hitting inboxes all evening, soe of which look like they were written by either Huggy Bear or one of his toothless hoes, Bayside Corp. is looking to put some traders not already in BYSD stock into the OTC version of Pelican Bay after announcing that the company has been awarded a purchase order to supply 3,600,000 Metric tons of heavy fuel oil exports annually. The purported $1.9 Billion order comes just days after the cashless, revenueless pinky reported to have canceled 1,400,000,000 shares of their authorized capital.
When reporting to be cancelling the shares to reduce the total number down to 2 Billion, Gordon H. Johnson, Bayside Petroleum Co.’s Chairman was quoted as saying, “we are pleased to make this announcement as we continue to strive to increase shareholder equity in Bayside Corp.”
When they reported tonight that they just got a $1.9 Billion order which is said to close within the next 30 days, Johnson stated “we are thrilled to expand our revenue base with international heavy fuel oil export orders.”
Expand? Dude, you had $0 and $0 revenues as of your last financial update to OTCMarkets. Hell, there were no revenues for all of 2012 and only $110,000 reported for the year ended December 31 , 2011. The shares issued to DZ Energy LLC, a company Johnson owns, have already had their restrictions removed for resale, or atleast a huge portion of them as of April, 2011 according to Form 144 Data Source.
Fluff or bluff, BYSD stock is set to put a huge amount of money into the pockets of Johnson and crew come tomorrow’s opening bell. Expecting to see a gap and trap type play with a slight chance for a few brave souls to escape early without getting buried alive, you can either give it to Johnson or take on a Johnson. The best play would be to just check in periodically and watch everyone flipping their Johnsons tomorrow rather than sitting in the circle.
About BYSD Stock
Bayside Corporation, dba Bayside Petroleum Company, Inc., claims to be an aggressively managed energy exploration, development and production company in the process of building oil & gas reserves and production in some of the most prolific hydrocarbon bearing regions of the U.S.
Click here to view the financial filings for BYSD on OTCMarkets.
Click here to view the website for Bayside Petroleum.
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BYSD is getting way too much attention on baseless claims of huge revenues. Wednesday is going to be a sad day for a large number of penny stock traders who fail to recognize that BYSD is going to bleed like a pig once volume comes in and traps most traders as they try to play against the Johnson. Even if it could run to a dime, how much risk is there in seeing it open and run to a nickel within 5 trades or less and then come crashing down?
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