Banyan Corporation (BNYN)

[lukec511]

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!!!