Bayside Corp. (OTCPINK: BYSD) saw it share volume explode on June 16th with 189,640,545 shares exchanging hands, 26 times higher than its three month daily average volume of 7,289,247 shares.
This uptick in volume comes after Bayside Corp. announced the initial gross sales of Vault 51 (beta), operated by Bitcoinz USA, a subsidiary corporation of Bayside Corp.
Bayside Corp., reported that the initial soft launch of Vault 51 resulted in just over $80,000 in gross sales revenue last week despite a myriad of technical issues and downtime that the Vault 51 website experienced.
Furthermore, the company also announced that due to demand, new sales would be limited to two Bitcoins and two Vault 51 storage chips a day per customer. The sales restrictions and limitations will also allow the company to closely monitor and track consumer spending habits, and trends to create a better customer experience and to properly respond to market demand.
For those unfamiliar with Bayside Corp.'s operations, the company is an American multinational corporation that manages multiple subsidiary companies engaged in a variety of business industries and sectors. At Bayside Corp. we believe that the future is now and that our efforts today will have a long lasting impact for generations to come.
BYSD closed the day at $.0021, 110% higher than its previous close of $.001.
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Sprott Resource Corp. Invests $19.5 Million In InPlay Oil Corp.
Sprott Resource Corp. (OTCPINK: SCPZF) saw its share volume skyrocket on June 16th with 1,377,741 shares exchanging hands, 29 times higher than its three month daily average volume of 47,491 shares.
This recent surge in volume comes after Sprott Resource Corp. announced that it has invested $19.5 million in InPlay Oil Corp. ("InPlay"), a private exploration and development company based in Calgary, Alberta.
"The InPlay executive team, led by Doug Bartole, has started to acquire high-quality, light oil growth assets in Alberta," said Steve Yuzpe, President and CEO of SRC. "We believe that InPlay has the management and technical skills necessary to build a large, low decline, liquids-focused asset base by identifying, exploring, and developing these opportunities in attractive areas."
"We are pleased to be investing alongside management, company directors and other significant private equity investors, providing us with strong partners to support the future growth of the business," added Mr. Yuzpe. "We are committed to expanding our presence in Calgary and continue to actively source new accretive investment and partnership opportunities in Canada's leading energy market."
"We are pleased to have the support of SRC as a principal shareholder along with our current strong capital partners which include JOG Capital and other global funds. These shareholders have provided significant funding which gives InPlay strong financial flexibility and will be a key factor in allowing InPlay to achieve its business goals and strategy," said Doug Bartole, CEO of InPlay.
SCPZF closed the day at $2.79, 8.27% higher than its previous close of $2.60.
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