Replies to post #6276 on Banneker Inc. (BANI)

[ib12u]

'Tad43' Shares settled by Oct/4/2010! this puts us at next trading day, Monday.

All should be completely settles by next Tuesday for sure.

Please contact your broker for more info.

I suspect when those unsettled shares (now sitting in your portfolio under a CUSIP number), are converted into BANID shares, there will be massive sell offs for a number of reasons. (Pissed off shareholders who've lost their trust will likely be the main reason.) and I just as well expect the share to tank back to .0001.
Right back to where it sat, Pre-RS.
This is just like a damn pink sheet stock.

But who knows, maybe BANID may trade higher and encourage many “would be sellers” to hold and see where this might go for them.

However for my losses here, I’ll simply be adding this to my tax losses I'll calm to offset the capital gains tax on monies I've made from much bettering performing (Non-RS crazed) stocks.

wink-wink!

Pinks are what they are and you get from them typical to what they’re known to give.

[mrfence]

Let me make this perfectly clear. NSS sellers need 100s of mil shares to cover their little indiscretion here.

Yes! You will get your shares converted and if you sell them right away you've fallen into the trap but go ahead if you need a tax write off because the aggregate total 2 mil shares being converted won't push the pps down one tick.

The savvy traders are quietly averaging down here.