Anything Internet Corporation (ANYI) Message Board

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Microcap & Penny Stocks : Anything Internet Corporation (ANYI)

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To: Captain Jack who wrote (1304)	10/21/1999 3:50:00 PM
From: brad greene	Read Replies (2) of 1570

Captain, The advantage is a 3 for 2 after a year......and a kicker. The way I see it........They want common shares (big blocks and whoever else) out of the float and tied up for a year. This takes the pressure off them........This is a start-up internet company....and they may not make money for a while....and sales may be choppy...and so on. Shareholders don't understand this sometimes....so they dump their stock if they don't like one deal or the other.....sell every share in a day....or so on. This stock has been run from $5.00 down to $1.00 on not a whole heck of a lot of volume......it has dropped on lop-sided volume....IMO. Lots of factors....of course....but the lack of any buying at all....and the stock tanked. Anyhow...... This pulls shares away....especially the 1.3 million and the BANY shares that folks are so worried about being dumped on the market. It give me...Joe Shareholder an incentive not to sell......and even an interesting reason to buy prior to Nov. 30. So....I give 2 common shares.......and get 3 back in 12 months....plus...I get a 12% dividend paid in restricted stock that builds for as long as I keep them restricted. The 12% is based on a set value of $15.00 for the restricted share. The dividend is not that big of a deal....but getting 3 for 2 after a year is very nice. So.....I think the new management gets a year to turn things around....(agrees to tie up their own shares).....and the tradable shares outstanding and float (which are already low) goes down even more. I have not spoken with any of my buddies who do not think this is a muti-good thing. I will consider seriously giving up 1/2 my common shares to this deal........I have until the 30th of November......so I think I will have much more information by then. The new management has a chance to win my support. I really like what I've seen the last two days......and hope there is much more coming........I have not been able to say this for a long time. Keep in mind....however.....I did bet on the Mets. bg

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