Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : BNEZ and PMA; Success in 1999 -- Ignore unavailable to you. Want to Upgrade?

To: Elio Madama who wrote (2104)	1/30/1999 12:09:00 AM
From: BigDaddyMac	Read Replies (1) \| Respond to of 2648

Elio, do me a favor and retract your statement about >>>>>> Market Makers were had A SHORT POSITION of 2.500.000 shares. Because shareholders requested certificates, MM's has no shares to cover. They bought from BNEZ. BNEZ refused to sell only $500.000 (as per Mitchell). So they were forced to buy shares for $ 1.000.000. ELIO Never once did I say anything about BNEZ selling any stock to anybody, if you go back and read my post it says that sometimes If a company does a PP, they only want one Investor and they agree on a sum. Sometimes it is less then they wanted or sometimes it is what they want, depends on the product and the leverage of the company. If BNEZ just wanted to " sell share " they could just dump them on the market, why go give a discount or anything else for that matter then, it would just be shareholders buying the stock. Once an PP investor gets his stock, he can do want he wants with it, sell 80% and retain the rest for investment, keep it all, sell some and leverage out, it is just like people do when a stock goes up 25%-50%, people see out and keep the profit in pure stock. But this is all pure speculation, so you need to retract your statement because it is false and untrue. Don't start rumors and post something that I didn't say. As far as I know BNEZ could have done a 20 million share placement, a 1 million share placement, a 10 share placement or NO PLACEMENT AT ALL. Maybe they are selling shares into the open market, who are any of us to know, they are non-reporting. SO AS YOU SAID, BNEZ REFUSED TO SELL 500K PER MITCHELL>>>>>not retract, that is the professional and moral thing to do. I only post my opinion and my knowledge of the computer and disty industry and my take on how the game is played behind the doors, just like every BNEZerite. thank you IMHO mitchell