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Hey buddy, thanks so much for taking the initiative and contacting BANY management. Most everyone else here was just bitching about the company and worried about everything. You really shined some light on the previous dark situation. There is still plenty of hope here for us investors, and the delay in the conversion is huge and should help make the price rise on news because now we wont have all of those sells coming in to stop the up swing. Thanks again, you are the man!!
dude, be realistic, stop with the bs
So every three months or quarter, bany owes 2% interest expense on the total cd amount. That is not too much money, I am assuming the CD is like a bond, and the interest payments are like bond coupons and at the end of the three years, the principal is due. By then we should be able to pay this amount off, you would think.
Bany share holders, don't panic and sell yet, lets wait and see what the revenues are and stuff because that will be out by the 13th of april(not too much longer to hold on), and then we should reassess the situation and what are the probabilies of bany being able to pay off the interest and the principal on the convertable debt. The thing that would be a red flag, is if bany can pay off the debt in the future and chooses not too, you cant blame them now because they have not been able to pay off this debt yet and it is the only way to fund the company. Dont count out management yet guys. We are in this together!!!
Based on what I have read, I saw a key detail that I think could make a huge impact, correct me if I am wrong, but in the filing it says, "The 2006-2007 Convertible Notes are due in three years and bear interest at 8% annual interest payable quarterly. The Investors may convert the 2006-2007 Convertible Notes into shares at the lower of $.0057 per share or 50% of the three lowest intraday trading prices during the twenty trading days prior to conversion." Doe that mean BANY has three years to payoff this debt? And, throughout this time if BANY cannot payoff the interest, they convert the shares to payoff the interest? To me that wouldn't be bad if we become profitable and can payoff this amount and stop the dilution. I could be wrong though, the 8-k is pretty hard to comprehend the details of the deal.
low volume is a good thing and can be a bullish sign
it seems that everyone here is so confused on what the bid and the ask are. Your statement made no sense. A potential buyer of bany shares cannot buy at the Bid. They can only buy at the ask. The ask is the lowest the dealer is willing to sell the stock for. The buyer is not puting in a bid to buy the stock, they are meeting the ask price of the dealer. The bid is how much a seller of the stock will get when they sell it to the dealer. The owner of bany shares cannot sell at the ask, you sell at the bid price.
Your opinion is so far off of the truth, look at the november filing and tell me that business had no effect on the stock price???? Could you get anymore ignorant?
I sure hope the dilution is through by april 1st, what makes you think that it will be?
what is a cc?
do you guys think the obvious increase in revenue will have a big effect on investors?
did you guys see the 10k was released tonight?
PR's
We know that america's dentist is now part of bany and you would have to think that a pr is in the very near future, plus many people supposedly heard that michael Gelmon was in europe, a pr must be near for that reason as well. Plus we have the 10k due by april 13th according to charlatan who supposedly talked to michael. So we should be seeing some more pr's given that we are lookin at march 26th here. only logical
then how would that signal the dilution possibly being completed, that is what i am lost on?
can you elaborate on what you mean by the 100 million shares canceled and why you think that signifies the dumping is complete for now?
what do you think flats, more acquisitions, based on the debt amount and what should have already been paid off?
I hate to say it, but as long as the dilution continues to occur from the convertable debt, the stock will only go down unless there is a new pr. This has been the case for the last months now. There are just too many shares being thrown out into the mix and in order to sell them, the market makers must lower the price. Sad as it is.
you have to think the higher debt may be from the acquisitions
when does the dumping have to be done by? Didn't someone say it had to be done by April 1st?
it's going to be an interesing time for bany share holders here in the next couple of weeks, lots of potential pr's and intriguing 10k report due soon. Enjoy!!!
then why are you even here?
did anyone call the toll free america's dentist number?
does anyone here just trade stocks for a living?
i am looking forward to see what happened when gelmon was in europe
well they're franchise attornies, i think it makes it easier for them to grow revenue while diversifing at the same time.
that is what i have done, i believe that there is good money to be made in trading and short term investing in penny stocks, even if it is a company that is fake, (not bany) you are selling the paper and you can make gobs of money in that paper trading. Bany on the other hand i have had for a while now and believe in the company more.
side note, i was in durango colorado right before that pr came out on the colorado franchising expansion with the doctor in colorado. I have family there and need to check out that clinic.
thanks, i had no idea, the penny stock market is very interesting, i am a finance major and every peron i talk to, whether it be a professor or family friends i know that work at major firms like fidelity and ubs all say to stay away from them, but i love them and am planning on working at a desk when i graduate
what do we think about this capital 4 health care.
i dont believe they will do a reverse split if they become profitable.
so we are thinking that bany bought this american dentist corp?
thanks
no like i have no idea what a statement of good standing even is, i have no idea what you're talking about, i have never heard of that???
what is a statement of good standing?
my bad lol, looks like i blew that one
Sorry guys, i was reading the raging bull message board on bany and that was the first time i have ever seen that or heard of anything like that. Is that just another way to try and scare the longs, like the fact that there are companies like that they made it up to scare us?
Why do a lot of people seem to have the consensus that more PR's are on the way and that this stock will imitate ETIM? No matter what the pr's say here soon, i think everyone who holds BANY should hold it at least until the last quarter of 06 and 1st quarter of 07 are released. These will shine a light on how revenues are doing and what the future holds.
did anyone hear what the subpenny radio guy said today, i didnt get to listen?
what do you guys think about another PR coming out real soon, within the next couple of days, talking about the european revenues possibly, boosting this stock over .005 for sure and maybe even .0075
we hit .0020, almost 400,000,000 million in volume, someone has been buying like crazy
20,000,000 purchase at .0019
we are close, lots of buys at .0019, if we can break .0019 we will get a nice little extra run today fellas