BANY: Core business growth, exciting affiliations! Message Board

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Microcap & Penny Stocks : BANY: Core business growth, exciting affiliations!

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To: Russell Gish who wrote (1073)	3/18/1998 10:47:00 AM
From: brad greene	Read Replies (1) of 5847

Russell, Super post. I could not agree more. I have my doubts as to this type of thing really working......but I'm going to try it on this one, as I think the numbers look interesting.....and theoretically, it is possible. I think it could be fun, also. I think small stocks should be fun. Traders who plan on being in the stock for a few days should not and will not be ones who will certificate. It is the long term holders who really don't plan on selling who might consider it....and cert perhaps 90% of their shares...so that they can sell some quickly if they need to. I think you can sell certificated shares quickly also....but may have to run them down to your broker. Internet investors would be looking at a mailing delay, I would think. To put pressure on legal shorts who have borrowed the stock, enough stock must be called to force a callback of borrowed shares. In the case of naked shorting...the entire float must be called and then some....as it must be proven that there are more shares in the float than shares that exist. Large block holders, if their blocks addup to be greater than the float...will cause problems for those who have sold shares that don't exist. If anyone feels uncomfortable holding shares in cert form...then they should not. They do pay a fee, I think, and it is a hassle. I think it would help the company fight the situation if new shareholders, in particular those who have 40,000 shares or more, consider pulling the certs. I think several larger holders are thinking of doing this soon. Will it work?......I don't know. The numbers look interesting....and I think it is a numbers thing. If there is a large short possition in this stock and certs are called in large enough numbers....then nobody needs to buy anything.....just sit on the certificated shares. Massive buying is not needed. Massive holding as the shorted shares are called is the ticket. Everyone does what they want.....and makes informed decissions. Again, I believe people should check out the company and decide to buy based on what you decide. I think this is BANY's biggest problem....nobody knows about them.....and they have been too small to fight off shorting of their stock. When there are no buyers.....sellers kill a little stock. I hope this is the case here. I know that the company feels hurt by shorters. bg ps. Looks like all of the trades are going off at 25 cents so far....while the bid is 23 and the ask is 25. All buys?....no movement? 3 days ago 63,000 shares was a great volume day for BANY. Where is this stock coming from? Where are the MMs getting the stock to sell? Don't they have to go out and buy some eventually?...are they just buying it from each other? No individual investors have bought today?.....Hmmmm.

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