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Re: mongrelmt post# 310

Tuesday, 11/21/2006 12:30:55 PM

Tuesday, November 21, 2006 12:30:55 PM

Post# of 14023
mon -- the convertibles are certainly a thorn here. they had $4.4M left to convert as of the 10Q filing, that's still 550M possibly issuable shares at $.008.

i think BANY is probably scrambling to get that refinanced. they should be able to with all the recent volume and exposure, but then again, i cant imagine the financers would want to change the game when they finally are getting liquidity out of the stock.