| Business Summary | | Bay
Resources
Ltd.
is
primarily
a
holding
company
whose
major
asset
is
its
24%
holding
in
the
stock
of
SCNV
Acquisition
Corp.
(SCNV),
a
Delaware
corporation
engaged
in
the
research
and
development
of
high
efficiency,
low
pollution
or
pollution-free
products
and
technologies
in
the
energy
conversion
and
conservation
fields.
The
Company
has
two
wholly
owned
subsidiaries,
Baynet
International
Pty
Ltd
and
Baynex.com.Pty
Ltd,
both
of
which
are
incorporated
in
Australia,
and
are
involved
in
the
Internet
and
information
technology
industry.
The
Company
is
continuing
to
investigate
new
business
opportunities,
which
may
be
in
the
area
of
mining
and
exploration
and/or
its
existing
business
activities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Bay
Resources,
Ltd.
is
a
holding
company
engaged
in
the
research
and
development
of
high
efficiency,
low
pollution
or
pollution-free
products
and
technologies
in
the
energy
conversion
and
conservation
fields.
For
the
nine
months
ended
3/31/01,
the
Company
reported
no
revenues.
Net
loss
increased
79%
to
A$438
thousand.
Results
reflect
increased
costs
related
to
the
due
diligence
on
the
proposed
acquisition
of
an
interest
in
St
Andrew
Goldfields
Ltd. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Joseph Gutnick, 48 | Chairman,
Pres and CEO | Peter Lee, 43 | CFO,
Chief Accounting Officer, Sec., Director | Marcus Solomon, 37 | VP |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|