Replies to post #9292 on Banyan Corporation (BNYN)

[pwrballl]

Edited version...

Lukec...did you MISS these statements in the 8-K..

2006 Notes: "..As of March 23, 2007, the Investors have converted $752,745.07 of the 2006 Convertible Notes into 941,787,943 shares, an average of $.00079 per share. Based on the conversion price of $.00054 on March 23, 2007 the remaining principal amount of 2006 Convertible Notes can be converted into a minimum of 4,100,000,000 shares. Additional shares may be issued if accrued interest is converted. Management believes that the actual conversion price may be lower and more than the minimum number of shares may be issued when the Convertible Notes are converted."

2004 Notes: "...As of March 23, 2007, the Investors have converted $1,841,082 of the 2004 Convertible Notes into 788,947,369 shares, an average of $.0023 per share. Based on the conversion price of $.00054 on March 23, 2007 the remaining principal amount of 2004 Convertible Notes can be converted into a minimum of 3,500,000,000 shares. Additional shares may be issued if accrued interest is converted. Management believes that the actual conversion price may be lower and more than the minimum number of shares may be issued when the Convertible Notes are converted."

You think that BANY is dealing with interest ONLY from these statements??

2+ BILLION!! shares outstanding ALREADY!..with MORE to come because they certainly are NOT paying off the "investors" w/ CASH.

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!