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


To: Benchman who wrote (1319)3/22/1998 1:03:00 AM
From: brad greene  Respond to of 5847
 
Hey Robert,

My broker will.....he is a real person.

I'll bet I pay much more in commissions...talking to a real person.

Anyone certing needs to find out what the rules are. I think most brokers will have the 3 day rule.

If they are not able to sell at the drop of a hat, and that makes them uncomfortable, they can cert a portion of their shares and keep a portion in a cash account. The most important shares to cert are ones that are in margin accounts. I guess it is a case of what works for each individual.

The first test will be to see if BANY stock has been borrowed out.

I believe that as of today.......about 1.3 million shares are in the float that are not in certificate form. That will change next week and the following week, as 700,000 shares will be called.

If the 1.3 million shares have been borrowed for shorting purposes....then at least 700,000 will need to be bought in order to replace them. If one million of the 1.3 has been borrowed, then 400,000 must be replaced. It will not take long to find out.

The Transfer Agent will know by the end of the week that a large portion of the float is being certificated. If and when it has an effect on the share price is anyone's guess.

I think the unstable nature of the stock will attract and distract buyers. I seriously doubt we will see any shorting of the stock......and I can't see much reason to sell. The stock may be strong.......as things may heat up quickly....You just can't tell what might happen.

So I will post the most up-to-date list tomorrow AM......and we can see where HALF of the BANY float is..........

bg

ps. If people on this thread own 1/2 the float......and friendlys own the other 1/2........What shares are the market makers using? What shares are they going to use if there is heavy buying and little selling on Monday....or Tuesday...or Wednesday? Out of stock? Hmmmmm.



To: Benchman who wrote (1319)3/22/1998 8:28:00 AM
From: Larry  Read Replies (3) | Respond to of 5847
 
Rob,

Sorry to hear about your impotence. You'll have to get back on board so you can afford to have an operation to get that fixed.

BTW doesn't one of your relatives or friends still own shares? If they do, are they on the old list? The new list? If not, let us know so we can update. Every share counts.

All us old timers will have to get together for a keg party. Does Ensure come in kegs? We should probably get some real beer for the newbies, so they'll feel welcomed. We could even invite the friendly MM's. Wouldn't that be wild?