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Microcap & Penny Stocks : Ben Ezra Weinstein (BNEZ) -- Ignore unavailable to you. Want to Upgrade?

To: E. Davies who wrote (8681)	8/17/1999 2:28:00 AM
From: rjbac	Read Replies (1) \| Respond to of 9391

"I smell a rat" You may very well be correct sir...But, I am just so tired of being angry at this lousy management team. Some time back a learned poster, Mr. Keith I believe, stated this thing was playing out like a shell game...Who's got the "PEA", where's it hidden...IMO, that little analogy sure fits! Mitchell, if Jack needs to recoup 3 million, why wouldn't a preferred share payout/conversion just be part of the "deal" with the firm who is buying them out(it's done all the time)! Maybe there is no deal yet, and the "BOYS" want to make sure they GET THEIR MONEY OUT FIRST!!That would sure fit their operating "style"...Just speculating and as always JMHO...Have a nice day... PS. I am very much aware of the fact that nobody twisted my arm here and that I am a STUPID FOOL for investing in this stock. Having stated this doesn't take away that sick feeling in the middle of my stomach...Boy I hope this works out!!! Bac

To: E. Davies who wrote (8681)	8/17/1999 6:56:00 PM
From: BigDaddyMac	Read Replies (1) \| Respond to of 9391

actually I think it is fairly simple, the buying company, isn't going to pay Jack say 20 cents per share for his stock, ( say that will be the buyout price ) ie 30 million shares times .20 cents is 6 million, but if he converts and sells at cost to new company, ie 10 cents, jack gets back his 3 million, and that is 3 million less than the new company has to pay, then they own 50% of BNEZ and can take it private or whatever at say .15 to .20 cents per share. thereby saving 3 to 4 million in cash. sound good IMHO mitchell