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

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To: Rick D. who wrote (1257)3/20/1998 8:12:00 PM
From: Russell Gish  Read Replies (1) of 5847
 
The confessions of a newbie.

I cannot accurately state the current number of shares in the hands of shareholders. Again I will defer to the old-timers.
What I can offer is a cyberguarantee that we've got 444,400 shares committed to certificate.
Now if I were to use Mr.Yost's conservative estimate of 300,000 plus our commitment then we're looking at 744,400 shares which would be about 44% of the "suspected" float. Obviously in a perfect scenario we would like 100% of the float off the street, however, I think if we can get 75% certificated then we'll be in good shape. Of course this is using the current number which has been tossed about for the float, 1.7M shares. Thus 75% of that estimate we're looking at 1,275,000 shares ideally in the hands of shareholders.
So as it stands now..... we need 530,600 certificated shares.

I'm not gonna bite off more than I can chew though... I'm happy with the commitments I have thus far and merely ask for another 116,600 before Sunday evening.
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