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Microcap & Penny Stocks : BANY: Core business growth, exciting affiliations!
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To: C Horn who wrote (5540)8/14/1999 10:52:00 AM
From: TraderGreg  Read Replies (1) of 5847
 
Excellent clarification CH. Yes, BAOA, having filed their 98 and 97 financials will not be sent to the pink sheets.

BTW all, I see by BAOA's filings the following:

o Current Assets for 1998: $0
o Total Assets $105,570 (of which 94,217 is an option to acquire real property)
o Shareholders Equity of (183,457)

o BAOA had 0 cost of sales cause they had 0 Revenues in '97 and '98
o They actually had $17K of net income...of which $860K was "forgiveness of debt" which appears to have occurred thru the issuance of preferred shares

o 38mm fully diluted shares in '98, up from '21mm in 1997

But let's remember that all their T's are crossed and I's are dotted so in a few days BAOAE shall become BAOA once again, fully blessed by both the SEC and the NASD.

I'm so ecstatic that the SEC and NASD are engaged in this effort to protect investors from buying non-reporting companies.

Another example of the old intro line: "I'm from the government and I'm here to help you."

TG
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