Manaris (AVNY)

[jmack3265]

Ben1969:
"They must serve a very big client, who has much to win by a low price. Sound paranoya?"

No I don't think you sound paranoid. I just looked at this company for the first time yesterday. My guess would be that you have been experiencing dilution over the past couple of years from the convertible debt and that is who the "big client" is. This would in essence, be handled similar to a AON order where the CD bearer wants to unload X amount of stock.

The stock is sold in blocks and matched with mltiple buyers,the transaction goes through at that time. Usually in 5K+ blocks, and yes a MM like NITE can take advantage of the situation. Some might say, why sell now when the company looks like it might have a good Q coming out and the CD bearer could make more money? My answer would be that the CD bearer is probably making very good money right now at $.09 and made a great deal more when the SP was higher. As shareholders you might find that this isn't necessarily a bad thing for the long term shareholder especially if CEO Fraser can come up with additional cash to redeem the CD debt. Remember this is just an opinion.

Anyone on this board know what the terms of the CD's were? Fixed or variable/floating etc. and how much CD debt is actually left? You should be able to get a reasonable idea in the coming Q by what Manaris states as their O/S count.