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Microcap & Penny Stocks : BANY: Core business growth, exciting affiliations!
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To: C. McD who wrote (4405)2/6/1999 3:57:00 PM
From: Mike Sawyer  Read Replies (2) of 5847
 
C.McD, I understand why you do not want to complete the exchange of your ANYI shares for cash and I would never force you to sell if you are not 100% comfortable with your decision.

In respect to your analysis on the short position in ANYI...I do not have any first hand knowledge of a short position but I do believe that the European person that Yost had an agreement with, to distribute DoubleCase in Europe, was the person that sold shares that were not rightfully his. I believe that this person was offered almost 500,000 shares of BANY as partial payment for his work. He never performed his duty and the shares were cancelled.

Later he decided to sell the shares through a broker that I have been told is Swiss owned. I understand it to be JB Oxford but do not know for certain. When he sold the shares he presented the broker with a Banyan stock certificate and the certificate was sent to the transfer agent to settle the stock transaction. When the transfer agent received this certificate they alerted Banyan. Banyan said it was cancelled and went to court to get it settled. The court ruled in Banyan's favor and the certificate was officially cancelled.

This left a short position in Banyan. Now the rumor is that the short was not covered before the ANYI shares were paid as a BANY dividend. If this is true than there are a little over 10,000 shares short.

The big question here is, will there be a short squeeze on AI? Personally I have no idea. I do not see how we would ever know since there is no time limit that a short must be covered. Look at the BANY short that we believe we had. It was never forced into a squeeze no matter what we tried to do...including calling for certs on over 700,000 shares.

Will the almost proven short on ANYI cause the stock to run? I doubt it. Will ANYI run anyway? Many people believe it will. What price will it run to? Your guess is as good as mine. I was willing to pay $5 before the SEC documents were released. Now that I have gone over them I am raising my offer to $7 for Anything Internet shares.

If there is anybody that wants to lock that price in they can contact me by PM here on SI or by email at ms97@usa.net

Mike Sawyer
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