Replies to post #9287 on Banyan Corporation (BNYN)

[newfy]

not selling a share Luke..will hang in ..medical devices like the VT 3000 & chiropractic medicine are the answer to decreased dependence on POISON PRESCRIPTION DRUGS & I for one am going to continue to support anything that will help rid the world of these drug pushers & their poison pills..

this is long term hold anyway imo

still believe the VT 3000 is a winner & know for a fact Gelmans do too & that is all that matters..

when they begin to really ramp up sales of VT3000's, the debt will take care of itself & pps will rise accordingly of course..

the only ones who are really concerned about new filing are the flippers & shorts anyway jmo


in 2 weeks we will know exactly where we stand..when things look the worst?time to buy more...GLTUA

[pwrballl]

Lukec...did you MISS this part in the last Q...

"...The aggregate outstanding principal amount of the remaining convertible notes is $4,497,344 as of the date hereof, including the outstanding notes issued in 2005 and 2006. We believe without assurance that the investment group will continue to convert the rest of the notes to stock. However, the rate of conversion has become negligible as a result of the decrease in our stock price, to which the rate of conversion is tied. All of the remaining debt may not be converted when the remaining convertible notes begin to come due in the first quarter of 2007. We intend to refinance, extend or otherwise restructure this debt before it becomes due. In the event we are unable to do so, we may have to file for protection under the federal bankruptcy laws and we may be unable to continue in operation as a going concern..."

You think that BANY is responsible for interest ONLY from this statement?? The "notes" are DUE NOW!!

NOW do you see how ~3 BILLION! shares can flood the market...based on a CONVERSION price of .00054...TOXIC!

I agree w/ a poster's(I forgot who) comment...the RESTRUCTURING of the debt was a 100X! more important than some "measly" bump in revenue PR.

Take your CHANCES....GLTY!

[Flatsfox]

Excellent analysis Luke...your math seems to be accurate in my mind, and yes, there is no way to determine how severe this is until we see financials.

[exoticbiker]

I'm worried about sales, then debt isnt a problem...