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Microcap & Penny Stocks : BANY: Core business growth, exciting affiliations! -- Ignore unavailable to you. Want to Upgrade?

To: brad greene who wrote (1137)	3/19/1998 10:47:00 AM
From: David L. Wasylenko	Read Replies (3) \| Respond to of 5847

I emailed Scott RE: 'out of stock' situation, asking him to clarify: David, What he is saying is that there is very little available stock to buy -- legitimate holdings or someone willing to go short. I believe the reason for his conclusion, and we here at Banyan are following this closely, is that a number of individual investors have been having unusual delays (an hour or more) at getting fills for buy orders at the ask price. Market makers are reluctant to raise the ask, but they don't have enough inventory to quickly fill the order either. Hence, they are sitting on the orders hoping someone will sell some stock so they can fill the open orders. The market is very tight right now and could get even tighter next week. I'm going to have lunch with Cameron this afternoon and will discuss this further with him. On top of that, I am aware that several investors have made recent complaints to the SEC so it is very possible that a long overdue informal investigation could be launched sometime soon. I hope this helps shed a little light on this situation. If you would like further explanation, please let me know. Very truly yours, J. Scott Sitra Banyan Corporation Investor Relations Interesting stuff. ... david ...