Brad, I agree that when/if this AYIC SEC filing ever appears on Edgar, BANY could get a big rebound.
It looks like MMs could be walking the price down, but then why did they prop it up under heavy selling all last week?
I can't figure out the MMs, and I've given up trying. Until I thoroughly review the AYIC SEC filing, I won't even think of getting back in BANY at these levels.
Remember without AYIC, BANY had trouble staying above $0.25, and often dipped well below that level.
I still think that AYIC at $5 should give BANY ~$0.44, minus whatever discount factor the market decides on. For TSQD, a BB stock owning ~19% of a Nasdaq stock (DRIV), it trades as well less than half of the value of the DRIV stock it owns.
If BANY did the same, AYIC at $5 would only give BANY ~$0.20 in value. If you generously add $0.20 to account for BANY's inherent value (which is often discounted in these situations), BANY could only be at $0.40 once all the hype clears away.
It would be great if AYIC could go to $10, or $20, but after reviewing other new internet BB issues (like AONE), and after watching shopping.com (IBUY) get bought out at ~$18 by Compaq, there is no gaurentee AYIC will break $10, or even get much higher than $5. that's why I am eager to sell my AYIC shares, if I could ever figure out how, for at least $5 (a bird in the hand).
Once I review the AYIC filing (which will not be prospectus, just a statement of earnings) I will evaluate BANY again, and could see myself picking it back up at ~$0.45 or so if the AYIC numbers are legit. So far, we haven't seen ANY audited numbers for AYIC, and wasn't BANY supposed to become fully filing. Last time I checked, BANY would not get this done before last quarters earnings are released (sometime? this month). |
