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


To: Mike Sawyer who wrote (1446)3/24/1998 9:43:00 PM
From: dealmakr   Read Replies (1) | Respond to of 5847
 
Mike,

Just some comments.

I don't think that you have to go offshore to do a short. That can happen right here. An offshore short is usually associated with a
Reg S offering of convertable debt or equity. I am not aware of any
Reg S issues by the company in my DD. As far as calling for certificates, it is my right as a shareholder to protect my investment and have my shares in certificate form. If by calling for my certificates it causes problems for some, than so be it. This stock for a long time hasn't seen normal trading as far as I am concerned. When I started buying last year, I watched the stock move down for no apparent reason. There were some days that there were more buys than sells on the trading log and it still went down. When the buy spike hit last week, I am sure everyone saw what happened when the stock broke out over .18. There is no stock available in some hands. I am truly hoping that when the companies financials are released, the questions that have been raised will be answered in complete detail. For those who have questions, please continue to do your own DD on the company and contact IR Scott Sitra. He has been very forthright with me in the past.

Good Trading

Dave



To: Mike Sawyer who wrote (1446)3/25/1998 10:49:00 AM
From: brad greene  Read Replies (2) | Respond to of 5847
 
Mike,

Some thoughts on the rights shares being shorted......by insiders.

If they were, then they would have been shorted over the last several months as there was large buying, little selling and a declining share price.

And since most, if not all, of the rights shares go to Yost, Parrish, and a a few other long-time shareholders.......this would mean that company insiders are shorting their own stock.....before it is even issued. And since 1/2 of the rights shares are restricted...this would mean that company insiders are shorting their own restricted stock before it is even issued. I'm not sure this could or would have been done.....

And of course this would also fly in the face of what the company saying for months....... that no insider has sold or would sell at these prices.....

The company has been very vocal about what they feel has been going on.......and they are pointing the finger at others who they believe have attacked the stock......So who is doing it?

We should find out soon. I think the company is on the up and up.....and have invested accordingly. If the story is true, BANY will be a very explosive little stock.....and shareholders will win in a substantial way. The company should be reporting on several ongoing projects soon. I think lots of things will become much more clear over the next three weeks.

bg