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Microcap & Penny Stocks : BNEZ and PMA; Success in 1999
BNEZ 0.00Sep 18 5:00 PM EST

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To: heatseeker who wrote (2094)1/29/1999 8:58:00 PM
From: Elio Madama  Read Replies (1) of 2648
 
heatseeker,

I am going to give you my personal opinion, and please take as is, personal opinion.

Market Makers were had A SHORT POSITION of 2.500.000 shares.
Because shareholders requested certificates, MM's has no shares to cover.
They bought from BNEZ. BNEZ refused to sell only $500.000 (as per Mitchell). So they were forced to buy shares for $ 1.000.000.
MM's then cover short position and now they have $500.000 in BNEZ stocks (at discount of course) to dump into the float.
Which is what they are doing right now.

Because those shares were bought very cheap, they also can sell cheap.
I sold 10.000 BNEZ's shares today, that's all.

About the lawsuit against BNEZ I was invited, I declined and no details were given to me.

BUT NEVER SAY IT CAN'T BE DONE.......BIG MISTAKE.

I want to be leave alone. I am having fun now trading everyday.
Today, I closed my book on BNEZ.
What I got there will stay long turn.
No sells, no buys.

Elio
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