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Microcap & Penny Stocks : Ben Ezra Weinstein (BNEZ) -- Ignore unavailable to you. Want to Upgrade?

To: Leroyt who wrote (3160)	10/3/1998 3:48:00 PM
From: Elio Madama	Respond to of 9391

The dividend was announced by a PR dated June 29. The record of the dividend was July 31. Elio

To: Leroyt who wrote (3160)	10/3/1998 3:55:00 PM
From: Elio Madama	Read Replies (1) \| Respond to of 9391

Leroy, question: By a PR they announced the intention to buy $ 400.000 worth of stocks in the open market, but I checked in INSIDER TRADING and is no record of any buy. Do they have to report it or not? Elio

To: Leroyt who wrote (3160)	10/3/1998 4:24:00 PM
From: Jud	Read Replies (2) \| Respond to of 9391

Leroyt, In your message you used 1 million share preferred, yet I thought there were 4 million prior to 6/4/98 (as on that date all preferred went away). Did you mean 4 million? Here's a point that I would like to pin down and get your best reply to: as things go on and shares are issued, if Mr. Ben Ezra and Mr. Weinstein wish to remain in control, don't they have to be paying attention to their share count so that it stays above 50% or are there other types of shares being issued that do not affect control (i.e., voting)? Let me put it another way. A lot has been said about there being 6M (or so) outstanding shares. Does that mean the two principals own 3,000,001 or more? If so, where did they get them? Do they have to announce if they are in the market for them? If they couldn't have them, does that mean they have lost control or that our outstanding share count is too high? (I'm hoping the latter, by the way.) Is there something critical here I am missing?

To: Leroyt who wrote (3160)	10/3/1998 6:44:00 PM
From: otcbbbaby	Read Replies (1) \| Respond to of 9391

Leroyt: A 506 is a private placement. The only form filed with the SEC is a Form that lists the offering. Its not full of much info other than that. Shares sold in a 506 (named after Rule 506 in Regulation D of the Securities Act of 1933) are RESTRICTED and are legended under Rule 144 (also part of Regulation D). A legend is just what it sounds like....words that restrict how the stock can be sold. Under Rule 144, shares that are restricted cannot be sold for a year. Even when the year is up, the shares are released from restriction by a formula. A holder can sell either 1% of the float or 1% (I think its 1%) of the previous month's trading volume. Keep in mind that Jack and Mikey could have bought more shares this way, and if they did they have even more limitations on when and how they can sell. Employees cannot be paid in stock, btw, very easily. Hope this helps. otc

To: Leroyt who wrote (3160)	10/3/1998 10:41:00 PM
From: heatseeker	Read Replies (1) \| Respond to of 9391

<<If you were an owner of BNEZ at the time of the dividend, and HAVE NOT received your dividend, PRESS YOUR BROKER to find out WHY NOT! This will put pressure on the MM's and the company to resolve this situation.>> I have asked my broker (E*TRADE) about the dividend. They called the transfer agent and BNEZ and were told that "no dividend has been issued by the company." I've emailed the company inquiring about this, and have gotten no response after about 3 days. Not that the money is that important, just curious what the heck is going on with this dividend. And a little upset that the company is not exactly shareholder-responsive.