this might not mean much, but the same guy on ihub that called the PR for AUGC is calling for a PR for BANY on Wed. at 1pm. We'll see how good he is..
Posted by Green Team on :
Just got into the world of penny stocks and for what it is worth BANY looks very good for the mid/long range investers. This was my 2nd buy & my average cost is 0.004 just waiting on 0.02 to roll around... Keep it Green
Posted by Steam_Ahead on :
I'll watch that Jim thanks - it does look primed. I'll watch for the trend change ---
Posted by JimSC on :
BANY's VT-3000 has great potential.
****** By: blendininn 09 Jan 2007, 02:03 PM EST Msg. 7184 of 7185 Jump to msg. #
What i like about the VT-3000? EVERY MD in the country can use it..not just chiros..how many MD's are there in U.S. & Europe? a lot..
that's 1 L of a market & $6,200 is a great price for a machine that can pinpoint nerve subluxations..after 12 low back operations[4 major surgeries ending with a triple fusion]been to my share of MD's,neuro's,ortho's,& chiros & THEY CAN & COULD "ALL" USE THE VT-3000
(Voluntary Disclosure: ST Rating- Strong Buy; LT Rating- Strong Buy)
Posted by stocktrader22 on :
This is getting ready to run again after bottoming out...watch it! thin level II's.
You've seen what it has done before
Posted by stocktrader22 on :
Thin all the way up here...no resistance showing yet
Posted by dollar13 on :
in at 0.0025
Posted by Vlad4 on :
same here
Posted by stocktrader22 on :
shake out here...
Posted by dollar13 on :
CHITTTTTTTT
Posted by stocktrader22 on :
this moved down seriously on like no volume...its going to come back IMO
1MM at .0025 2MM at .0026
Posted by JimSC on :
Hold your shares tight - BANY has great value. Market cap is only 900 K$ and the projected rev for 2007 is 9 M$. They may even report a profit soon. I feel very comfortable at this level.
Posted by stocktrader22 on :
Great Level II set up again...super thin to .003
Posted by stocktrader22 on :
looks to be stuck at .0026 here..just needs a little volume here
Posted by stocktrader22 on :
.0026 about to be gone
Posted by dollar13 on :
0.0026 ALMOST GONE
Posted by stocktrader22 on :
3 at 27 3 at 28 2 at 29
Posted by stocktrader22 on :
3 at 28 3 at 29 2 at 3
Posted by lostone on :
what levels did u guys get in?
Posted by stocktrader22 on :
.0022 this morning
1 left at .0028 now
Posted by dollar13 on :
quote:Originally posted by lostone: what levels did u guys get in?
0.0025 Posted by Vlad4 on :
nice move... 0.0025 here too
Posted by tmanfromtexas on :
I am in now. Sorry folks. It should drop like a rock from here. (just being sarcastic. bad week playing stocks.) TMAN...
Posted by lostone on :
stock, u've been kicking so much *ss lately.. man.. i had to sell ebof today for 3k loss.. hurts so much.. eversince CSHD, it's been nothing but down for me.. imma keep an eye out for more of you guys' picks..
Posted by stocktrader22 on :
shake out on small volume again, level II setting up for a run after this shakeout just like 20 min ago
Posted by stocktrader22 on :
quote:Originally posted by lostone: stock, u've been kicking so much *ss lately.. man.. i had to sell ebof today for 3k loss.. hurts so much.. eversince CSHD, it's been nothing but down for me.. imma keep an eye out for more of you guys' picks..
Thanks buddy
Posted by stocktrader22 on :
joke shake IMO
just killing the bid
1 at 27 2 at 29
Posted by stocktrader22 on :
beautiful...time to go again
1 at 28 1 at 29 5 at 3
3 break and its really off!
Posted by stocktrader22 on :
even better now
2 at 28 2 at 29 2 at 3
so now with buying pressure 3 should break easily!
Posted by JimSC on :
May have many shake-outs due to profit taking.
Posted by JimSC on :
BANY has a history of great runs -- 4X to 10X. Good luck.
Posted by dollar13 on :
GET READY
Posted by dollar13 on :
EOD RUN UP IMO
Posted by Green Team on :
Keep it Green!!!
Posted by dollar13 on :
ARCA is buying at 0.0025
Posted by stocktrader22 on :
should run nicely tomorrow
Posted by stocktrader22 on :
50 day MA is .003
if it breaks that tomorrow watch out!
Chart looks fantastic..
Posted by stocktrader22 on :
damn they are shaking the tree hard this morning
Posted by Vlad4 on :
mirror trades? 5000 and 500000
Posted by dollar13 on :
Way to go BANY
HOD 0.0032
Posted by dollar13 on :
loading the truck here
Posted by BULListic on :
Banyan Corporation Reports Strong Sales For Its Virtual Medical Systems, Inc. Subsidiary Thursday January 11, 11:15 am ET
LOS ANGELES--(BUSINESS WIRE)--Banyan Corporation's (OTCBB:BANY - News) subsidiary, Virtual Medical Systems, Inc. ("VMS"), announces it has now sold 66 of its new VT3000 Nerve Conduction Velocity (NCV) testing devices since November 2006. The VT3000 is a state of the art NCV device offering live viewing and supervision of testing by board certified physicians. These 66 machines are expected to add $1.58 million in revenue to VMS. The company, in an earlier release, reported that management projected 2007 sales of 144 machines corresponding to $3.4 million in revenue. Now, as a result of these increased sales, management has revised its estimates upward to 166 machines and $3.98 million in revenue. ADVERTISEMENT
Banyan CEO Michael Gelmon stated, "This is exciting news, but not unexpected. The diagnostic industry has long been waiting for the development of a machine with the properties of the VT3000. In December, 36% of the patients tested in our diagnostic testing subsidiary were being tested utilizing proprietary technology incorporated in the VT3000. We believe our technology should be the gold standard in the industry shortly. In addition, it represents significant growth and long term viability of the VMS model."
For more information on Chiropractic USA, Diagnostic USA, and Premier Medical Group contact Banyan Corporation, Investor Relations, toll-free at (800) 808-0899 or visit www.chiropracticUSA.net.
About Banyan Corporation
Banyan Corporation is a publicly traded holding company focused on investing in and building a network of operating subsidiaries engaged in various innovative businesses. Currently the company's subsidiary, Chiropractic USA, Inc. is focusing on the development of branded chiropractic clinics throughout North America by way of franchising chiropractic clinics under its marks and uniform operating systems and practices. The company's other subsidiaries; Premier Medical Group LLC, and Diagnostic USA, Inc. provide diagnostic testing to physicians nationwide.
Posted by dollar13 on :
HUGE ...
0.0032 will go easy
Posted by dollar13 on :
bid 0.0032 / ask 0.0033
Posted by dollar13 on :
bid 0.0033 / ask 0.0034
Posted by dollar13 on :
35 is comminnnggg
Posted by Jo4321 on :
quote:50 day MA is .003
if it breaks that tomorrow watch out!
Chart looks fantastic..
Where do you think it's going now StockTrader22. You seem to have the golden touch lately!
Jo
Posted by JimSC on :
Thanks to Bull and Dollar13 for keeping us informed. BANY is in good hands now -- those MMs got tons of shares from the bottom, and they will do their best. There will be many shakes, as they need new shares at different levels. This will be a long trip to the top. Just take it easy.
Posted by dollar13 on :
quote:Originally posted by JimSC: Thanks Dollar13 for keeping us informed. BANY is in good hands now -- those MMs got tons of shares from the bottom, and they will do their best. There will be many shakes, as they need new shares at different levels. This will be a long trip to the top. Just take it easy.
no problem..
look at the huge volume Posted by tmanfromtexas on :
They have what 600mm shares out? Verry interesting. TMAN...
Posted by stocktrader22 on :
Hahhaha love it! Posted by dollar13 on :
you notice that big fake wall at 0.0035 , it just got vanished........
Posted by dollar13 on :
i need another 150% for today
Posted by stocktrader22 on :
quote:Originally posted by Jo4321:
quote:50 day MA is .003
if it breaks that tomorrow watch out!
Chart looks fantastic..
Where do you think it's going now StockTrader22. You seem to have the golden touch lately!
Jo
Golden touch maybe...or just more informed trading
Anyways I protected my capital and am riding on free shares now
Posted by Jo4321 on :
More informed trading AND golden touch, I'm sure!
Jo
Posted by JimSC on :
BANY is a good gamble at this level, based on the following reasons:
* News about regional distributors will be announced; * News about goverment approvalas and distributor arrangements in Canada, EU, China, and other counties will be announced; * Possibility of refinancing the loans;
Posted by stocktrader22 on :
If we break .004 today watch out....lots of resistance up to that point though
Posted by stocktrader22 on :
nice consolidation and getting ready for next run up shortly IMO
Posted by dollar13 on :
holding Posted by Green Team on :
Up Up and away!!! I like it, I love it, I want some more of it!!!
Keep it Green!!!
Posted by dollar13 on :
39 almost gone
Posted by stocktrader22 on :
here comes .004
Posted by dollar13 on :
0.0043
Posted by stocktrader22 on :
Exploding...passed the .004 mark!
Posted by Homersbud on :
damn! tried getting in at 0025 when news hit, but no luck. Didn't feel like chasing...
Congrates to everyone banking on this!!
0042x0043 3x3
Posted by dollar13 on :
Posted by Jo4321 on :
Thanks for the heads up on this one. In at .0025 yesterday out at .0042
Now it should shoot up to .005 for you since I'm out.
I'm happy though!
Jo
Posted by dollar13 on :
hehe
Posted by stocktrader22 on :
quote:Originally posted by Jo4321: Thanks for the heads up on this one. In at .0025 yesterday out at .0042
Now it should shoot up to .005 for you since I'm out.
I'm happy though!
Jo
LOL...nice job...hope we see .005 today, dont see why we shouldnt
Posted by dollar13 on :
buys buys buys buys
Posted by stocktrader22 on :
super thin past .005
Posted by stocktrader22 on :
taking a breather
Posted by before_the_crowd on :
BANY: Increases Sales Estimates on its New VT3000 Nerve Conduction Velocity
Thursday , January 11, 2007 11:29ET
By Brian Edwards, bedwards*knobias.com
Banyan Corporation's (BANY) subsidiary, Virtual Medical Systems, Inc. ("VMS"), announces it has now sold 66 of its new VT3000 Nerve Conduction Velocity ("NCV") testing devices since November 2006. The VT3000 is a state of the art NCV device offering live viewing and supervision of testing by board certified physicians. These 66 machines are expected to add $1.58 million in revenue to VMS. The company, in an earlier release, reported that management projected 2007 sales of 144 machines corresponding to $3.4 million in revenue. Now, as a result of these increased sales, management has revised its estimates upward to 166 machines and $3.98 million in revenue.
Banyan CEO Michael Gelmon stated, "This is exciting news, but not unexpected. The diagnostic industry has long been waiting for the development of a machine with the properties of the VT3000. In December, 36% of the patients tested in our diagnostic testing subsidiary were being tested utilizing proprietary technology incorporated in the VT3000. We believe our technology should be the gold standard in the industry shortly. In addition, it represents significant growth and long term viability of the VMS model."
Posted by before_the_crowd on :
Moving fast
Posted by before_the_crowd on :
quote:Originally posted by before_the_crowd: BANY: Increases Sales Estimates on its New VT3000 Nerve Conduction Velocity
Thursday , January 11, 2007 11:29ET
By Brian Edwards, bedwards*knobias.com
Banyan Corporation's (BANY) subsidiary, Virtual Medical Systems, Inc. ("VMS"), announces it has now sold 66 of its new VT3000 Nerve Conduction Velocity ("NCV") testing devices since November 2006. The VT3000 is a state of the art NCV device offering live viewing and supervision of testing by board certified physicians. These 66 machines are expected to add $1.58 million in revenue to VMS. The company, in an earlier release, reported that management projected 2007 sales of 144 machines corresponding to $3.4 million in revenue. Now, as a result of these increased sales, management has revised its estimates upward to 166 machines and $3.98 million in revenue.
Banyan CEO Michael Gelmon stated, "This is exciting news, but not unexpected. The diagnostic industry has long been waiting for the development of a machine with the properties of the VT3000. In December, 36% of the patients tested in our diagnostic testing subsidiary were being tested utilizing proprietary technology incorporated in the VT3000. We believe our technology should be the gold standard in the industry shortly. In addition, it represents significant growth and long term viability of the VMS model."
This is huge. Stock doc sent me an email on this one and I didnt have money free. He said he bought 1 Million shares between yesterday and today.
I am in health care and being able to do Nerve cond studies for physicians in their offices is HUGE. It saves them lot of trouble of sending patients to neurologists and rehan doc's.
This has to go to a penny at least
Posted by Green Team on :
If you want on board... Hurry up!! There is still money to be made.. Keep it Green!!!
Posted by BULListic on :
Trying to figure the current O/S is tough with all the dumping that appeared to be dilution in December...
Past history says O/S was 484M on 11/10/06, 286M on 8/15/06, 220M on 5/18/06, and 95M on 8/12/05. I'd say with all those 9M/9M/6M trades that went through in the last 6 weeks or so that we are currently at no less than 650M - 750M IMO. I own a good chunk of this and will add on the dips, but be prepared for a dramatic jump (50%?) in O/S on the next Q. Still well below a Billion, so still relatively low in OTCBB-land.
That said, pay attention to what JimSC has given us, he's rarely wrong Posted by lukin4winners on :
I agree another 30-50% possible...
Posted by paulbest on :
RED today beatinga dead horse
Posted by before_the_crowd on :
Put on your seatbelts. ...its moving
Posted by paulbest on :
I see this will be a active play for 07, next time it dips wayyy down, I'm in. Say Feburary sometime.
Posted by KP on :
chart looks good for a continuation
Posted by KP on :
some pretty big buys coming in
Posted by KP on :
anyone in this?
Posted by JimSC on :
Repost -- from Ihub: ****** Posted by: dooglearchie In reply to: ada who wrote msg# 5138 Date:1/12/2007 1:50:05 PM Post #of 5151
oops 4got about MLK day so tuesday gapper will suit me fine! UK rumors surfacing on some hedge play boards could be why the mm's are clearly loading up today! Get news of UK expansion with sales/rev #'s attached & this will blow up like that 1st assault on the penny recently
Posted by JimSC on :
Looks like we have to wait for a few more days -- MMs need more shares at this level. Here is why:
******** Repost from RB:
By: blendininn 13 Jan 2007, 11:08 PM EST Msg. 7506 of 7507 (This msg. is a reply to 7505 by blendininn.) Jump to msg. # sales of that many[400] VT3000's would equate to about $9,000,000.00 in revenue & again not adding any VT3000's that will be sold in Europe this year..lets say half that will sell in U.K this year... $4,500,000.00..then..
total revenue of $13,500,000.00 from sales of VT3000... yeha...that # would turn the corner for BANY..sharply...we could get to .05 or .06 pps on those #'s imo... mega,mega strong buy folks
(Voluntary Disclosure: ST Rating- Strong Buy; LT Rating- Strong Buy)
Posted by paulbest on :
quote:Originally posted by KP: anyone in this?
The pro flippers will do allright with this one. Though it has chilled abit. For greenies like me, its a nightmare. I stayed out.
Posted by JimSC on :
Repost -- from Ihub:
**** Posted by: dooglearchie In reply to: finance lizard who wrote msg# 5160 Date:1/15/2007 1:32:58 PM Post #of 5163
Revenues will continue to grow & could be by leaps & bounds sooner than most people realize if those U.K. expansion rumors bear out quickly.
Regardless, anything down around a 3rd of a penny will look like a steal when this busts through the penny soon.
Micro-season is starting up & with cont'd sales of their VT3000 there's literally no place to go but up IMO!
I'm in for a little more than a momo trade on this one!
all jmo glta
Posted by Vlad4 on :
wow, what's going on with our BANY today?
Posted by suncruiser on :
Looks like another 25 million block sell at the bell
Posted by Vlad4 on :
some nice buys are coming in at 0.0032 in the last 20 min.
Posted by KP on :
GT, I sincerely hope you are only paper trading right now. You'll save yourself a ton of money by paper trading. I saw on the other thread you asked about MMs, and if you had to ask the question you are not ready to play the game. Not trying to be rude, just laying it out there for you.
If you are only just paper trading, then good for you, and I'm just an ass.
Posted by paulbest on :
quote:Originally posted by Green Team: Can someone please explain what level 2 quotes can tell you about a stock?
I read level 2 quotes in MY OWN WAY, and each of us has his own way of looking at charts and stats. Level 2 is only one small part of figureing out what a stock "might do". Go to the site stockcharts.com. Learn how to read chaikin money flow pattern, 50 day moving average, etc. Know whena stock is starting its dilution, such as CBAY and ETIM. Know when to get in and out quickly. Know what stocks are being heavily flipped, learn the flip tech. Learn something new everyday, in one year you'll have the hang. btw look at the DOW and NASDAQ 5 yr chart. 2003 was very bullish and 04-06 were slightly bullish. 07 may have some pull backs , so this may be a less healthy envionment to make as much money as you could in say 2003. Learn the seasons. Sell offs for taxes starts middle of march, sell off in first week of May, summer vacation profit taking. Money starts flowing back first week of august. These last ideas apply less to pennies, and more to blue chips and small caps. Go to the beginners section, there are many great threads there, as well allstocks/homepage has a page devoted to beginners.
BANY is a Flippers stock.
btw disregard the "pumpers" posts. They'll try to suck in newbies.
Posted by Green Team on :
Squire/Paulbest,
Thanks for sharing your opinons. We all have to start somewhere. Squire good call you hit the nail on the head. I'm just getting started in the world of penny stocks. However if I lost everything I had invested right now. I'm out a total of $100. This only a test run until I get the hang of it.
Thanks again, GT
Posted by Squire38 on :
GT, Turn on your PM option. I'll send you a bunch of stuff via PM. If you are playing a hot moving momo stock, all you need is L2s to figure out what is going on. If you are going to get into pennies, DO NOT LISTEN to other newbies (Paul).
If you see something you do not know, try google searching it. After that PM the person and ask him/her for clarity. If you start by telling them you are just paper trading and learning, they will overload you with info.
Posted by lukin4winners on :
This news has been out there previously but good to reiterate since it was picked up by a third party with rumors of more news imminent. BANY) shareholders experienced a 3.85% jump on Friday coupled by 28,918,042 shares traded. It was announced recently that their subsidiary, Virtual Medical Systems, Inc. has announced that it has now sold 66 of its new VT3000 Nerve Conduction Velocity (NCV) testing devices since November 2006. PinnacleDigest has taken noticed of this adjustment and is evaluating the potential of this company to raise future capital. It should be noted that the sale of these 66 VT3000 NCV's are expected to add $1.58 million in revenue to VMS. PinnacleDigest will continue to research this company and be aware of any major developments.
The pharmaceutical world is moving at a quick pace and only the most practical and in demand products will find their share of the market. PinnacleDigest believes companies within this sector are tied to the overall movement of the industry. We closely evaluate the healthcare sector and its sentiment before reviewing a company such as Banyan Corporation. At PinnacleDigest we offer a unique approach to investing and are constantly striving to meet our client's needs. To continue with this review and find out exactly what we have to offer come explore us at www.pinnacledigest.com. Posted by Vlad4 on :
looks like we are moving again!
Posted by dollar13 on :
wall at 0.003
Posted by Vlad4 on :
lots of buys at 0.0025 someone is loading up!
Posted by before_the_crowd on :
Looks good today may be 0.0035 tomorrow
Posted by before_the_crowd on :
Tons of buys
Posted by Vlad4 on :
something is up, it's been quiet for awhile and now all these buys
Posted by before_the_crowd on :
Ya seems like a news tomorrow
Posted by JimSC on :
You got it right. The market is expecting something big soon.
Posted by Green Team on :
bany has hi tthe bottom at.0017 you can take that advice to the bank... remeber this stock was at.007 a couple of months ago....GLTA
Posted by mike l on :
YOU ALL CAN THANK ME LATER....
Posted by mike l on :
TEST
Posted by mike l on :
.0018 X .0019 ... JUST THE BEGININNIG
Posted by mike l on :
.0019 GETTING THIN.....JUMP IN ON THE RUMORE GUYS... I LIKE TO SHARE THE WEALTH
Posted by mike l on :
BUY SOME LAST CHANCE BEFORE NEWS IMHO GLTA
Posted by recap on :
there is a lot of delution going on.its steel a good buy right now.in at.0028&.0019 last run .0047 hope it willgo again or higher.glty
Posted by don_casey on :
Got 100,000 at .0018 now im just waiting for it to go up a pinch.
Posted by m69jump on :
if news comes out she'll fly
Posted by don_casey on :
0.0016 anybody else starting to hurt? lol
Posted by shrimant on :
Me i got in at 0.0027
Posted by don_casey on :
at the same time that I feel sorry for you, it makes my .0018 feel less bad....
Posted by JimSC on :
I believe the MMs will run BANY like the way they did with XKEM. BANY will be profitable soon.
*** Posted by: Flatsfox In reply to: ada who wrote msg# 6725 Date:2/16/2007 12:01:07 PM Post #of 6732
You bet...this Corporation has extemely strong investor confidence on it's side....massive conversion and still can't kill it. When it finally does break free, there will be some serious payback to those who hang with it. I also believe there will be some nice little spikes for quick plays before the financials are released. I would expect a few PR's leading up to a positive Q1 Report.
Plan your work...Work your plan
Posted by trade4food on :
Hey JimSC--been awhile for me. Hope you are right again. You nailed IGAI last summer. Remember? But I ignored your insight and missed out big because I got impatient and sold out right before that run to .05 What a lesson learned for me. I believe that patience will be the key on this one also.
Posted by don_casey on :
im going to just come out and say it. Im a newbie and hoping to break from of my nebie shell soon.
Would anybody mind explaining a few things to me, like what the mm's are and any other day trader words that I may not know.
Posted by Zeker on :
Here you go Don
This link will get you to the information you are looking for much more efficiently than if we began a discussion that doesn't belong on this thread
is there any life left in this one?
Posted by iwannna on :
IMO this is just waiting to explode. just need some good PR and a reason to buy
Posted by BULListic on :
.0010 x .0011
Six 9M dumps in the last hour today....BANY needs to throw us a bone soon. The good news it can't go much lower with 15 MM's sitting on the .001 bid.
Last year the 10-k came out late, on 4/17, after filing for an extension on 4/3. Needs to be out by 3/31 or they'll have to get an extension again. More curious on the share structure than anything....220M on 5/18/06, 286M on 8/15/06, and 484M on 11/10...authorized is 5 BILLION. Gotta believe that the o/s has gone from the 484M to 1.5B or so since November, but that still would only be a $1.5 Million Market Cap, so I still expect a 5-10 bagger from here by years-end. Posted by BULListic on :
This is a little more like it....
Banyan Subsidiary, Premier Medical Group Announces 4th Acquisition Wednesday March 21, 12:01 pm ET
LOS ANGELES--(BUSINESS WIRE)--Banyan Corporation (OTCBB:BANY - News), franchisors of nationally branded Chiropractic USA clinics, and owner of Premier Medical Group and Virtual Medical Systems, Inc. (VMS), announced the Acquisition of the customer base of Medical Resources, Inc. of Virginia. Premier Medical Group is now considered to be one of the largest electro diagnostic testing companies in the USA. ADVERTISEMENT
Michael Gelmon, Banyan CEO, speaking to analysts said that this acquisition would add initially about $1.3 million in annual revenue to Premier based on the number and size of accounts acquired, as well as add substantial revenue to VMS. VMS sells the highly recognized VT3000 nerve testing device to medical and chiropractic practices across the United States. "Acquiring revenue streams throughout our operating businesses is a sound approach to bring about rapid growth for Banyan," said Michael Gelmon. "While this is our 4th acquisition for Premier, the potential for continued acquisitions is great as we seek to consolidate the electro diagnostic industry".
"Revenues from Banyan's core businesses are expected to grow to an estimated $7.4 million on an annualized basis, turning the corner to profitability," said Gelmon.
Banyan agreed to pay Medical Resources 30% of the gross collections from its former accounts until the purchase price of $440,000 has been paid in full.
About Banyan Corporation:
Banyan Corporation is a publicly traded holding company focused on investing in and building a network of operating subsidiaries engaged in various innovative businesses. Currently the company's subsidiary, Chiropractic USA, Inc. is focusing on the development of branded Chiropractic clinics throughout North America by way of franchising and the use of uniform operating systems and practices. The company's other subsidiaries, Premier Medical Group LLC, and Virtual Medical Systems, Inc., provide diagnostic testing services to physicians nationwide in addition to marketing the VT3000 Electro-diagnostic testing machine.
This Press Release contains or incorporates by reference forward looking statements including certain information with respect to plans and strategies of Banyan Corporation. For this purpose, any statements contained herein or incorporated herein by references that are not statements of historical fact may be deemed forward looking statements. Without limiting the foregoing, the words "believes", "suggests", "anticipates", "plans", "expects", and similar expressions are intended to identify forward looking statements. There are a number of events or actual results of Banyan Corporation operations that could differ materially from those indicated by such forward looking statements.
Contact: Banyan Corporation, Los Angeles Investor Relations Michael Gelmon, 1-800-808-0899 www.ChiropracticUSA.net Posted by BULListic on :
18 x 19 up 64% 220M served so far today
Posted by pennys on :
i agree huge volume coming soon
Posted by pennys on :
JUMP now is the chance. My friend i9s buying too. Millions. Great one
Posted by pennys on :
huge buys now coming at .0018
Posted by Zeker on :
.0017X.0017!
Posted by Zeker on :
she's primed!
Posted by pennys on :
yes she is . Huge investing going on.
Posted by pennys on :
last half hour will be a run up soon
Posted by sandor butosi on :
Listen to subpennyradio- simon will be discussing BANY. www.live365.com/stations/triple_zero ---use internet explorer to access! GLTA
Posted by sandor butosi on :
ALERT ON BANY-
Listen to subpennyradio- simon will be discussing BANY soon. It is a free broadcast discussing stocks. He is honest and nice. He has a wide audience. He trades BANY also. He is on air now and BANY up soon.
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. ------------------------------------------------------------------------- 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---------------------------------------Pursuant to a Registration Rights Agreement we agreed to file a registration statement to register on request by the Investors the shares underlying the Notes and Warrants. We have registered a total of 2,090,000,000 shares in accordance with the Registration Rights Agreement. ----------- quite a few shares out now, looks like more to come.
Posted by suncruiser on :
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
November 15, 2006
BANYAN CORPORATION
(Exact name of registrant as specified in its charter)
OREGON 000-26065 (State or other jurisdiction) (Commission File Number)
Suite 500, 1925 Century Park East, Los Angeles, CA 90067 (Address of principal executive offices) (Zip Code)
(800) 808-0899 Registrant's telephone number, including area code
NOT APPLICABLE (Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
This amended report updates and corrects certain statements in the Current Report filed March 30, 2007.
Section 3 – Securities and Trading Markets
Item 3.02 Unregistered Sales of Equity Securities.
Securities Purchase Agreements
2006-2007 Securities Purchase Agreements
Effective November 15, 2006, we entered into a series of Securities Purchase Agreements (the “2006-2007 Securities Purchase Agreement”) with AJW Partners, Inc., AJW Offshore, Ltd., AJW Qualified Partners, LLC and New Millennium Capital Partners II, LLC (hereinafter collectively referred to as the "Investors") and ancillary agreements. Under the 2006-2007 Securities Purchase Agreement, we agreed each month to sell the Investors Callable Secured Convertible Notes (the "2006-2007 Convertible Notes") in varying amounts as necessary. The 2006-2007 Convertible Notes are due in three years and bear interest at 15% annual interest payable quarterly. The Investors may convert the 2006-2007 Convertible Notes into shares at the lower of $.0057 per share or 50% of the three lowest intraday trading prices during the twenty trading days prior to conversion.
The Investors have purchased $1,710,000 of the 2006-2007 Convertible Notes. We agreed to issue to the Investors for no additional cash consideration Stock Purchase Warrants (the "2006-2007 Warrants") to purchase an aggregate of 68,000,000 shares at $.001 per share, forty warrants for each one dollar of 2006-2007 Convertible Notes purchased by the Investors. 68,400,000 of the 2006-2007 Warranted are issued and outstanding. The 2006-2007 Warrants expire five years from the date issued.
$250,000 of the proceeds was used to make a settlement payment to resolve certain litigation. The balance of $1,460,000 was used for working capital and expenses.
Based on the conversion price of $.0004 on April 3, 2007 the 2006-2007 Convertible Notes can be converted into a minimum of 4,000,000,000 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 2006-2007 Convertible Notes are converted.
2006 Securities Purchase Agreement
Effective February 8, 2006, we entered into a Securities Purchase Agreement (the “2006 Securities Purchase Agreement”) with the Investors and ancillary agreements. Under the 2006 Securities Purchase Agreement, we sold the Investors a total of $3,000,000 in Callable Secured Convertible Notes (the "2006 Convertible Notes") due February 8, 2009 with 8% annual interest payable quarterly. The Investors may convert the 2006 Convertible Notes into shares at the lower of $.005 per share or 50% of the three lowest intraday trading prices during the twenty trading days prior to conversion. We agreed to issue to the Investors for no additional cash consideration Stock Purchase Warrants (the "2006 Warrants") to purchase an aggregate of 45,000,000 shares at $.001 per share, fifteen warrants for each one dollar of 2006 Convertible Notes purchased by the Investors. 45,000,000 of the 2006 Warrants have been issued as of the date hereof. The 2006 Warrants expire five years from the date issued. $2,000,000 of the proceeds from the 2006 Convertible Notes was used for the acquisition of diagnostic imaging businesses. The balance of $1,000,000 was used for working capital and expenses.
To date the Investors have converted $ 786,480 of the 2006 Convertible Notes into 1,175,409,500 shares, an average of $.00067 per share. Based on the conversion price of $.0004 on April 3, 2007 the remaining principal amount of 2006 Convertible Notes can be converted into a minimum of 3,000,000,000 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 2006 Convertible Notes are converted.
2004 Securities Purchase Agreement
Effective November 8, 2004, we entered into a Securities Purchase Agreement with the Investors and ancillary agreements. Under the 2004 Securities Purchase Agreement, we sold the Investors a total of $3,000,000 in Callable Secured Convertible Notes (the "2004 Convertible Notes") due beginning November 8, 2006 with 10% annual interest payable quarterly, the first four months interest to be prepaid from proceeds of the Convertible Notes. The due date for the 2004 Convertible Notes that remain outstanding has been extended through December 31, 2008. The Investors may convert the 2004 Convertible Notes into shares at the lower of $.22 per share or 50% of the three lowest intraday trading prices during the twenty trading days prior to conversion.
We agreed to issue to the Investors for no additional cash consideration 3,000,000 Stock Purchase Warrants (the "2004 Warrants") to purchase one share at $.40 per share for each one dollar of Convertible Notes purchased by the Investors. The Warrants expire five years from the date issued.
To date, the Investors have converted $1,817,619 of the 2004 Convertible Notes into 788,947,369 shares, an average of $.0023 per share. Based on the conversion price of $.0004 on April 3, 2007 the remaining in principal amount of 2004 Convertible Notes can be converted into a minimum of 3,000,000,000 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 2004 Convertible Notes are converted.
The proceeds from the 2004 Convertible Notes were used to prepay the balance of $584,930 on a term loan and related installment note due July 31, 2005 in the original principal amount of $1,000,000 that was personally guaranteed by the Gelmons and others and $69,000 was used to repay a loan from 860532 Alberta Ltd. that is owned by the Gelmons. We also used the proceeds to repay principal and interest on other outstanding notes and accounts payable, fees, and for business development purposes, including $700,000 to enter the diagnostic imaging business.
Common Provisions of the 2004, 2006 and 2006-2007 Transaction Agreements
The Investors will be entitled to exercise the Warrants on a cashless basis if the shares of common stock underlying the Warrants are not then registered pursuant to an effective registration statement. In the event that an Investor exercises the Warrants on a cashless basis, then we will not receive any proceeds. In addition, the exercise price of the Warrants will be adjusted in the event we issue common stock at a price below market, with the exception of
any securities issued as of the date of the warrant or issued in connection with the Convertible Notes issued pursuant to the Securities Purchase Agreement. Upon the issuance of shares of common stock below the market price, the exercise price of the Warrants will be reduced accordingly. The market price is determined by averaging the last reported sale prices for our shares of common stock for the five trading days immediately preceding such issuance as set forth on our principal trading market. The exercise price shall be determined by multiplying the exercise price in effect immediately prior to the dilutive issuance by a fraction. The numerator of the fraction is equal to the sum of the number of shares outstanding immediately prior to the offering plus the quotient of the amount of consideration received by us in connection with the issuance divided by the market price in effect immediately prior to the issuance. The denominator of such issuance shall be equal to the number of shares outstanding after the dilutive issuance.
In addition, the conversion price of the Convertible Notes and the exercise price of the Warrants will be adjusted in the event that we issue common stock at a price below the fixed conversion price, below market price, with the exception of any securities issued in connection with the Securities Purchase Agreement. The conversion price of the Convertible Notes and the exercise price of the Warrants may be adjusted in certain circumstances such as if we pay a stock dividend, subdivide or combine outstanding shares of common stock into a greater or lesser number of shares, or take such other actions as would otherwise result in dilution of the Investors’ positions.
Payment of the Convertible Notes is secured by all of our assets pursuant to a Security Agreement and an Intellectual Property Security Agreement.
Pursuant to a Registration Rights Agreement we agreed to file a registration statement to register on request by the Investors the shares underlying the Notes and Warrants. We have registered a total of 2,090,000,000 shares in accordance with the Registration Rights Agreement, and intend to register additional shares as soon as practicable. As of April 3, 2007, 24,590,598 shares that we have registered remain available.
Michael Gelmon, our Chief Executive Officer, and Cory Gelmon, our President and Chief Operating Officer, each entered into a Guaranty and Pledge Agreement to provide additional security for our performance of the Transaction Agreements. Michael Gelmon pledged to the Investors 25,123,333 shares he owns of record. Cory Gelmon pledged to the Investors 24,623,333 shares he owns of record.
We will be subject to the payment of certain penalties and damages in the event we do not satisfy our obligations under the Transaction Agreements including those with respect to registration of the shares underlying the Convertible Notes and Warrants.
Section 8 - Other Events
Item 8.01 Other Events.
Acquisition of Medical Resources, Inc. Customer Base
We recently purchased the customer base of Medical Resources, Inc. of Virginia. We agreed to pay Medical Resources 30% of the gross collections from its former accounts until the purchase price of $440,000 has been paid in full.
Departure of Director
On February 1, 2007, Marshall F. Wilmot submitted his resignation as director and chief operating officer effective February 28, 2007 to start a new consulting company, Willowbrook Consulting, Ltd., an Alberta corporation located in Calgary. There was no disagreement with Mr. Wilmot. Effective March 1, 2007, we hired Willowbrook for two years at a monthly fee of $10,000 and an annual bonus of 10% of pre tax earnings of our diagnostic imaging business segment. Willowbrook will provide us with operational assistance and strategic planning services. Prior to joining us as
director and chief operating officer, Mr. Wilmot held several key positions rising to Vice President - Marketing with Forzani Group, Ltd., a publicly traded company based in Calgary, Alberta. Forzani Group is Canada’s largest sporting goods retailer with more than 500 corporate and franchised locations.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits
4.15 Form of Securities Purchase Agreement dated as of November 15, 2006 between the registrant and the investors named therein*
4.16 Form of Convertible Notes due three years from date*
4.17 Form of Common Stock Purchase Warrant of even date with the Convertible Notes*
4.18 Registration Rights Agreement of even date with the Convertible Notes between the registrant and the investors named therein*
4.19 Security Agreement of even date with the Convertible Notes between the registrant and the secured parties named therein*
4.20 Intellectual Property Security Agreement of even date with the Convertible Notes between the registrant and the secured parties named therein*
4.21 Letter dated March 29, 2007 regarding certain extensions and waivers from the registrant to the investors named therein*
10.29 Asset Purchase Agreement dated as of March 7, 2007 between the registrant and Medical Resources, Inc.*
10.30 Assignment dated as of March 7, 2007 from Medical Resources, Inc. to the registrant*
10.31 Noncompetition and Confidentiality Agreement dated as of March 7, 2007 between Hunter Reynolds and the registrant*
10.32 Guaranty dated as of March 7, 2007 from the registrant’s subsidiary Premier Medical Group, Inc. in favor of Medical Resources, Inc.*
10.33 Independent Contractor Agreement dated as of March 1, 2007 between the registrant and Willowbrook Corporation*
*Incorporated by reference to the Registrant’s Form 8-K filed March 30, 2007, SEC File No. 000-26065.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BANYAN CORPORATION
Date: April 3, 2007
By /s/ Michael J. Gelmon Michael J. Gelmon, Chief Executive Officer
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