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: Benchman who wrote (1447)	3/24/1998 10:44:00 PM
From: brad greene	Read Replies (1) of 5847

robert, 3 million rights shares are being issued to insiders and friendlys. this has been well known for months and months. 1/2 of the shares are restricted. The other 1/2 will not. All of the insiders shares will be issued in certificate form. 7.5 million is the total that will be outstanding....not 9. Total outstanding is not the "float" The float will be 3.1 million.......and the additional shares beyond 1.7 million will go to insiders and friendly holders.....The free float will still be 1.7 million.......Insider shares are not part of the free float. bg

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