What if...
What if lets say BNEZ is dumping shares... but to play the MM's?
The stock tanks, and they wait for the AOL suit to finish up and distribution and marketing to settle in then BAMMM!!!! BNEZ starts purchasing back on the open market $1,000,000+ of shares starting at .13-.18... the BNEZ trading would be feverish, the price would pop above $2.00 and the float would be drastically reduced. Then as a final death stroke to MM's they change the company name and symbol to Capscape as previously intentioned in PR's.
EXCERPT FROM:
PR Newswire, Wednesday, April 22, 1998 at 16:44
The company also announced the intent of its President and Chief Operating Officer to purchase common shares of the company on the open market. "We believe that we are taking a reasonable long-term risk for us," said Ben Ezra.
"This decision is based more upon faith in ourselves than in any tangible or real news. We simply think this is a good time for us, personally, to buy."
Ben Ezra added that the purchases would be made in accordance with SEC Rule 10b-18. Weinstein, commented that "It would be erroneous for anyone else to purchase the stock simply because we are doing so." The principals have targeted a maximum of $400,000 for the intended purchase over the next thirty days. Ben Ezra, Weinstein and Company, Inc., headquartered in Albuquerque, New Mexico, develops software for both individuals and corporate users in the areas of personal investment and finance.
SOURCE Ben Ezra, Weinstein and Company, Inc.
-0- 04/22/98
/CONTACT: Jack Ben Ezra, Chief Executive Officer or Michael Weinstein, Chief Operating Officer, 505-880-9799, both of Ben Ezra, Weinstein and Company, Inc./
The above theory could be farfetched but they could even say double or triple the purchase with proceeds from the AOL settlement and take the float down to 2 million or less shares with a $5.00+ price for NASDAQ.
They purchased shares on the open market before? They can do it again?
Too farfetched? Or does anyone think this can happen?
tRaDiAc |
