Bac,
Here is my take on what is going on. I have discussed this with Jud and a few other people and from the info that we have, here it is.
the company increased authorized shares to 70 million to facilitate the sale of the company, or so that is what Jud told us was what they filed.
As far as I know, our largest source of paid in capital, since we lost the loan a few weeks before we were to get it from the AOL screw-up, is Jack putting money into the company.
Now take for instance, if jack had put in say 3 million in cash over the last 2 years, he would have gotten a convertible debenture so he cashed in his debenture for the extra 30 million that was authorized and now he is selling that stock through an MM to whoever is looking at buying the company, that is why we have seen millions in volume, but very little price change in the stock. Once this person or company owns 50% of the controlling interest, then they can make an offer for the rest of the shares to take it private. but at what price and terms I wouldn't have the slightest idea.
Remember, this is just my opinion and based on info some people have posted on this board, but most of it comes from the post from Jud about the increase to 70 million for the sale of the company.
that is what I put together from it, but what do I know, I was foolish enough to invest in a BB company that isn't reporting, but at one time bought stock in this company based on their news announcement that they were changing their name to Capscape and were going file their paper within 60 days. That was 16 months ago. And the days are ticking down for the ever so death to any BB company
THE EEEEEEEEEEEEEEEEEEEEEEEEEEE at the end of BNEZ
JMHO
mitchell |
