Replies to post #310 on Banyan Corporation (BNYN)

[Ryan Industries]

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.

[sandvet]

From the 10-Q :

Results of operation -- nine months ended September 30, 2006 and 2005 .

Loss from operations decreased from $844,264 in 2005 to $26,005 in 2006.

Revenue increased to $4,091,514 in 2006 from $818,550 in 2005 for the period. The diagnostic testing business produced $3,362,007 of the increase. Revenue from franchised operations decreased to $583,100 in 2006 from $672,143 in 2005 as a result of franchise terminations.