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

To: neverenough who wrote (1737)	4/5/1998 2:20:00 PM
From: brad greene	Read Replies (1) \| Respond to of 5847

Nigel, We are going in numbers that have been given to us many times by BANY.......Those numbers are 7.5 million total shares. No more. No regulation s, no funny shares, no secret shares...No double secret, forgot to mention, shares....7.5 million. No more. I know that the company is working with a poster here on a way to verify this.....in a way that does not rely on the credibility of the company. BANY is not a reporting company...so how this will be accomplished, I'm not sure. Anyhow.....7.5 million total...(keep in mind that if the Patriot deal goes forward....that should change....look for restricted or preferred?) Of that, 3.1 million is the float. (non-restricted...able to be traded) Of that...I think 45% is in the hands of insiders and long term investors who should be friendly to the company....and would be in certificate form. This would leave a "free float" ...(guys like you, me, David, Klaus)...of about 1.7 million shares. This is what we believe, Nigel......we can't swear to it...but the company has always been rather straight forward about it....and we have found nothing that would lead us to believe that it is otherwise. bg ps. The company has been screaming for almost a year now that the stock has been subjected to attack by short sellers. If there is a large short position....then there would be many more shares in the "free float" than, in fact, exist. This is the idea behind placing shares in certificate form....to remove them from the "free float" Make no mistake....the company must show investors value......the real pressure on a large short position will come when investors decide that they are willing to pay much more than 25 or 30 cents for a share of BANY stock. Rising value is what will make things very uncomfortable for anyone who may be in short position. bg