There are a lot of companies on the pink sheets with illiquid stock and sometimes paid pumps can stir things. Bayside Corp. (PINK:BYSD) has a promotion coming its way this Monday.
The last time BYSD saw any trades was back on May 8 when it dropped 6.25% to $0.15 with just 10 thousand shares changing hands. The average volume for BYSD is a little over 15 thousand.
BYSD had a moment of glory back in early 2011, but after that traders lost interest. The company made a couple of announcements in April which led to some active sessions, but again the excitement didn’t last.[BANNER]
Yesterday a newsletter featured BYSD and today the pump could have some effect on the market. The promoter has been compensated $25 thousand by a third party. The disclosure doesn’t name the third party, nor does it provide information on the relationship between it and BYSD.
The recent announcements concern some oil and gas lease acquisitions, but they haven’t been enough to inspire investors. The company is yet to provide something solid for traders to go on.
The paid pump can bring some attention to BYSD, however, the company will have to do infinitely better on the business side if it is to convince anyone it’s a solid investment.
