Banyan Corporation (BNYN)

[mongrelmt]

Common stock:


The Company has 5,000,000,000 shares of no par value common stock authorized. At September 30, 2006, there were 363,281,357 shares issued and outstanding. The Company had 55,875,000 outstanding options and 67,646,250 outstanding warrants.


Stock transactions:


During the period ended September 30, 2006, the Company issued 130,547,369 shares as a result of conversion of convertible notes (see Note 6).


During the period ended September 30, 2006, the Company issued 2,200,000 shares as a result of conversion of $110,000 in short term convertible notes