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

To: John T. who wrote (2955)	9/27/1998 12:16:00 AM
From: Gary R. Owens	Read Replies (1) \| Respond to of 5847

John, I was talking to a friend this weekend and we were comparing stock notes. He was very bullish on BANY. As I was researching yesterday I noticed the name Sitra and wondered if it was the same person. A visit to their home page confirmed it. Too many red flags on TGSK/JAWS. The talk of "cornering the float", call your certificates, one of the leaders has a few million shares, we welcome an SEC investigation, we're going to 100 bucks, see you in Cancun etc. etc. etc. Do a people search on jeff Velmer. Who knows who/what is really being investigated. It might be real but I wouldn't dare go near it. I made one post on the JAWS thread and got flamed so I won't post there until they've lost their money. I'm not usually vindictive but those folks are asking to be sheared. gary

To: John T. who wrote (2955)	9/27/1998 12:18:00 AM
From: brad greene	Respond to of 5847

John, All of the larger BANY holders I communicate with have followed the situation since it began. We have made some calls and are watching both stocks. Jaws had a good day on Friday...as did BANY. If you really take a look at what seems to be happening.....this one guy has been able to give the SEC enough stuff to get an investigation going. As far as we can tell....it revolves around investment newsletter disclosures and one newsletter in particular.....S.A something or other. There must be questions/evidence....or the SEC would not have done this. BANY has never been on that letter....or involved in that service....so I'm not sure BANY could even be involved in any way. BANY is not part of the investigation. The SEC would have said so.....if they were. I guess there is a chance that this could spill over to BANY.......I just don't know how. Having your stock on a paid rag newsletter is not really the stuff fraud is made of. Buying/Selling ahead of a recommendation may be a bit more serious. I think the big pissing contest in the JAWS deal is the one newsletter and "that guy".......with the newsletter recommending JAWS...then selling JAWS and driving the stock down. They may have shorted...or moved ahead of the calls........but they are in this neck deep, IMO.....They seem to be making announcements that kinda rub JAWS's nose in it........Why, I don't know. BANY was not and is not associated with the newsletter.....If BANY was....I would be more worried. I have been kinda watching for a panic drop in BANY.......I think there are those who would step in at a lower price and take the additional risk.....There are now 3 or 4 guys on the Yahoo thread who are posting in a way that I think is meant to bring the stock down.....I think they are looking to buy. When they turn positive....you will know that they are back in. Anyhow.......I think things are never as good as you think....nor are they ever quite as bad. JAWS could get their hand slapped and be back to $4.00 in a week........The folks buying JAWS now are thinking along those lines. I don't know what most BANY holders are thinking....Some may be thinking that they should get out of BANY......some may be looking for the chance to fill out their position. I don't trade...so where the stock is on Mondat or Tuesday does not matter that much.....Where the stock is in 2 weeks IS very important. If we are not looking at financials....then I think we may have a problem........I guess you have to do a gut check. Interesting little stock! bg

To: John T. who wrote (2955)	9/27/1998 7:43:00 PM
From: brad greene	Respond to of 5847

John, The BANY thread at SI has always been a very unique place. The information gathered by the long term posters here and the comments on the progress BANY seems to making.......has always been put out for all to see......and for all to use in making personal decisions. I do not have to tell you that the Yahoo thread is new.....and quite a bit more wild and crazy. There are those who trade in and out.......buy one day, and demand results the next. Don't get me wrong, I believe that it is great to have a Yahoo thread. I just hope our thread here does not become like it. I believe I can speak for many long term posters and large BANY shareholders on this issue. In that spirit.....I E-Mailed Scott Sitra this morning. I asked the difficult questions.......in hopes that we could avoid misinformation that often comes when people begin crying "scandal". For what it may be worth.....below is a copy of the E-Mail that I sent to Scott Sitra.....and his response to me a few hours later. I hope it will help folks to make well informed decisions. begin E-Mail: Subject: JAWS SEC investigation > Date: Sun, 27 Sep 1998 08:29:35 -0700 > Scott, > > I know that you are not able to comment on JAWS....... > > I was hoping you might be able to clarify for me BANY's status as it > relates to this investigation. > > As you can imagine....many BANY shareholders are concerned. I would very > much appriciate any comment you can make......and would also like to post > your comment on the SI BANY thread. > > Thanks, > > Brad Greene > > Brad, Thank you for your continued support of Banyan Corp. There is no SEC investigation of Banyan -- formal or informal -- going on at this time. The SEC investigates hundreds, if not thousands, of publicly traded companies each year. The investigation that is being conducted into Great White (OTC BB: JAWS) at this time is a mere informal investigation. If you or anyone else were to call the SEC they would tell you they do not acknowledge or deny informal investigations. Typically these informal investigations are not made public. However, Great White's attorneys decided to publicize the issue after S.A. Advisory issued a 'SELL' recommendation based solely on the fact the SEC contacted them to ask some questions. In practice, I doubt the SEC is very pleased that S.A. Advisory made the informal investigation public knowledge, but Great White had to acknowledge the investigation otherwise many rumors would have resulted because the SEC would deny any knowledge of an investigation. So far no allegations have been brought against Great White or anyone else in this matter. We have not been asked any questions regarding Banyan either. Based on what little I know of the investigation, the SEC is focused on the possibility of Internet "hype" or manipulation of Great White's stock. Great White, nor anyone else involved with the Company, has been a part to anything that has occurred on the Internet. Great White has a very active Internet chat forum and this most likely attracted the SEC's attention, along with Great White's President and CEO requesting an SEC investigation through his state senator, Phil Gramm, and hundreds of other individual requests from shareholders and other interested parties. I hope this helps answer your questions and fears while shedding some light on the entire situation. As always, if there is anything I can do for you, please do not hesitate to contact me. Sincerely, J. Scott Sitra Banyan Corporation Investor Relations sitra.com jscott@sitra.com (512) 453-3817 (512) 453-7553 fax P. O. Box 50404 Austin, Texas 78763 End. bg