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


To: Buck who wrote (2769)9/5/1998 9:04:00 PM
From: steve  Read Replies (1) | Respond to of 5847
 
Buck and all,

From what my limited mind understands of this... If I buy more BANY before Anything goes public, Would I be paying .33 (as of Friday) for a 3 to 5 dollar stock????

steve



To: Buck who wrote (2769)9/5/1998 10:02:00 PM
From: dealmakr   Respond to of 5847
 
Buck,

Anything dividend record date and ex date will be announced per the news release prior to Anything commencing trading. If you are a shareholder on the record date you get the dividend. The whole speculation is what is the value of a share of Anything. That would impact on what you would recieve as a dividend in terms of value and also the arbitrage value of the shares retained by BANY reflected in your holdings of the stock after the ex dividend date. Plug in some numbers and have fun. I don't know what Anything shares will be valued at, but my speculation is that it could be a good surprise due to the rapid growth of the e-commerce sector and the valuations of stocks in their peer group.

Dave



To: Buck who wrote (2769)9/7/1998 6:35:00 PM
From: brad greene  Respond to of 5847
 
Buck, all BANY,

Besides figuring out a way to go from leading a golf tournament after two days......and finishing in a 4 way tie for 13th.........

I did have a chance to speak with Scott Sitra late last week. I bought several more k ....but that's neither here nor there. Sitra was excited about the Anything Internet deal....of course. Here is what I believe that Sitra believes will be happening.......Don't hold me to this stuff....I think this is the deal.

1. Anything Internet started in December of last year and now has sales that are running at $300,000 per month. Prior to the stock trading.....audited and peer reviewed numbers on sales for Anything Internet will be issued. BANY will receive 1 million shares....and spin off 200,000 to shareholders in the form of a dividend. BANY will announce the dividend date well in advance of the stock trading.

2. What price Anything Internet will begin trading at is anyone's guess. With audited sales numbers and very rapid growth projections......$5.00 per share would make the market cap of Anything Internet $15 million....or 4x sales. This is not unreasonable for investors who are interested in buying rapid growth story stocks.

3. I believe that the Anything Internet stock will begin trading sometime in November.....and the dividend should be roughly 1 share of Anything Internet for each 40 BANY shares held.

4. BANY has no plans to part with any of the other 800,000 shares of Anything Internet stock. BANY can borrow off of the stock for financing future growth and expansion.

5. I have discussed the deal with a couple of brokers.....they believe that anyone who may have a short position in BANY....must supply the Anything Internet stock dividend....or cover their short position. I think this is a wonderful idea. BANY has no comment.

6. What's in it for Anything Internet?.........The principals in Anything Internet get several things out of this. (remember that at $5.00....they are trading BANY $5 million in stock)

6a. Anything Internet gets small amounts of stock to several hundred small investors....who may want to add shares....or at the very least, trade shares.....helping to form a market.
6b. Anything Internet principals get restricted BANY stock and options.....that will be worth quite a bit more...if Anything Internet does well. (they must think that both will do well)
6.c. They get Yost and Sitra......Both will provide services to Anything Internet.....And will be involved in the growth plan for Anything Internet.

I hope this helps a little bit.......Sitra did say that the Audit of Anything Internet will not be the type of long drawn out process that 96 and 97 are for BANY......Anything Internet has only been operating for a short time.

Cool deal.....IMO.....shorts providing the dividend is very interesting to me.......I'm one of those who believe that there is a large short position.

bg

ps. Pull a chart on Sitra's other stock...Great White Marine. (JAWS)......50 cents to $3.00........ Cool. Let's do it with BANY! Sitra is a sharp guy, folks......Anything Internet will be working with Sitra Enterprises.