Observers have said that trades do not settle because broker-dealers do not effect buy-ins, as required by law, and that there is an unspoken understanding that any brokerage that tries to force a buy-in will be retaliated against.

There is currently a list of 106 companies have issued press releases or been named in the media as having been victimized, or as taking various actions, either alone or in concert with other companies, to oppose manipulative trading in the form of illegal naked short selling. One of these companies, Bentley communications has taken steps to identify shareholders and discourage Naked Short Selling. Two popular ways in which do this are the issuance of Dividends, and Name & Cusip # change.

The issuance of Dividends which was used as a tactic to identify shareholders has been completed. Note the following Press Release: Bentley Communications Corp. Extends Shareholder of Record Date to November 5, 2003 for 20% Stock Dividend Friday October 17, 8:00 am ET. Also note that the stock price moved from .01 to .045. Since then it has consolidated and is trading near support @ .024 to .027.

I have personally contacted Gordon Lee, President of BTLY on 1/05/2004. He stated that they have identified 1000 shareholders but believe with the name & Cusip # change they will be able to identify the remainder. Note the following PR release: Bentley Communications Corp. to Change Its Name to Bentley Commerce Corp. and Obtain A New CUSIP Number, Effective Jan. 12, 2004. Shareholders Urged to Exchange Stock Certificates This release occurred on December 30, 2003

There have been several instances in which companies issuing name changes and trading under new cusip#’s have had share prices move dramatically up a few days preceding and after these changes occurred. One recent case was when IDNW changed to GLBT. The share price surged from .06 to .20 within days. One contributing factor to the price increase was the fact that MM’s are required to cover all naked short sales prior to the name and cusip# change as required by the SEC. This may dramatically impact BTLY share prices in the near term (by and including 1/12/2004).

Also be advised that as per my contact with Gordon Lee, President of Bentley Communications on 1/5/2004, we discussed recent developments and a “huge” contract that has been recently acquired by BTLY. I will not disclose the details of our conversation on a message thread, but do suggest that a strong PR will be released soon, outling this contract and the potential impact on revenues of Bentley for the next few years. If you would like more information on this Privileged and Confidential Information you can email me machtabow@yahoo.com.

Technical Analysis. MACD Positive Divergence has been occurring for about 1 month. When a stock price moves down/consolidated and MACD continues to rise… this is called Positive Divergence. Soon MACD will likely cross the centerline and trading will become bullish. I anticipate this to occur “very soon”. Also note that BTLY candlestick charts have also indicated a triple bottom over the past trading month. This indicates a floor has been established and BTLY will likely continue up from here.

Always remember to do your own DD. mach

quote:

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Originally posted by Mav:
Mach, I am on top of it, let me do my DD. I will post it as soon as it's done.

[QUOTE]Originally posted by machtabow:
[B]Bentley Communications/Naked Short Squeeze Opportunity & Bonus Additional Encouraging Contracts and PR’s to be released soon.....

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quote:

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Originally posted by machtabow:
Mav... If you could post some charts... showing the MACD divergence... that would be great! Thanks. mach

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I just began doing my DD on BTLY. For starters here is my DD on technicals for 1 month and 10 days
on this stock. As you said, for the 1 month chart, we have an accumulation process going on here,
with a small uptrend pattern in the road for the MACD indicator soon to reach center line. The volume
also shows that this stock is about to be discovered, so this is a good time to load shares before more
public attention comes in. Also Stochastic shows that we are around oversold territory flashing us that
we are very near the floor here at this trading level.

BTLY. 1 month chart. MACD, DMI, SLOW STOCHASTIC.

Now if you look the 10 days chart, in an average close up, you can
notice the activity going on, accumulation, day after day at the base
floor for BTLY, you can notice now here the DMI small uptrend signal
along with the accumulation pattern, and Stochastic walking near
oversold territory so we are just floating very near above the floor.

BTLY. 10 days chart. MACD, DMI, SLOW STOCHASTIC.

Now I also found some interesting information about BTLY on
the name change you talk about.

Bentley Communications Corp. to Change Its Name
Bentley Communications Corp. to Change Its Name to Bentley Commerce Corp. and Obtain A New CUSIP Number, Effective January 12, 2004

Shareholders Urged to Exchange Stock Certificates

LOS ANGELES, CA, December 30, 2003 – Bentley Communications Corporation (OTCBB:BTLY), announced that it will change its name to Bentley Commerce Corp. and obtain a new CUSIP number, effective January 12, 2004. The Company’s shares will continue to be quoted on the OTCBB under the trading symbol “BTLY” and its website will be at wwww.bentleycommerce.com. The purpose of the name change is to more accurately reflect the company’s position as the emerging leader in the online barter and trade industry.

As part of Bentley’s name and CUSIP number change, all shareholders are urged to exchange stock certificates representing shares of common stock of the Company for new certificates. The name change was authorized at Bentley’s October 30, 2003 Annual Meeting of Shareholders. This action does not change or consolidate the issued and outstanding common stock of the company.

“Over the past six months, Bentley has successfully carried out a series of strategic initiatives to enter the barter and trade industry,” said Gordon Lee, Bentley’s chairman and CEO. “These include setting up its Bentley Crump Barter System subsidiary with a network of 180 independent local barter exchanges and about 50,000 merchants that trade through them; beginning our corporate trade division; as well as establishing trade exchanges for specific markets, such as for the
hospitality industry and for non-profit organizations; and most important, acquiring the North American rights to VirtualBarter 3.0, a comprehensive suite of trade exchange management applications that can enable exchanges to collaborate in a global online network that we feel will be far superior and larger than any prior exchange network.”

Stock Certificate Exchange Procedure:

Stockholders who have in their possession paper stock certificates should read and carefully complete the Letter of Transmittal provided by Bentley that will be available for download, online at www.bentleycompanies.com/investors. Stockholders can also obtain a copy of this letter by calling Bentley at 310-445-2599; by faxing a request to 310-445-2529; or mail to Bentley Communications Corp., 11301 Olympic Boulevard, Suite 680, Los Angeles, CA 90064, USA. The completed Letter of Transmittal, together with stock certificate(s), should be sent via an insured, traceable delivery service to the Company's exchange agent, Florida Atlantic Stock Transfer, Inc., located at 7130 Nob Hill Road, Tamarac, Florida, phone 954-726-4954. There is no need for stockholders to endorse the stock certificate, nor should they.

Stockholders who hold their shares in street name with a broker should confirm with their broker that the broker is including their name on the list of beneficial owners being submitted to the Company's exchange agent. These stockholders will not be required to take any further action, unless their broker tells them otherwise.

About Bentley Communications Corporation:

Bentley Communications Corp. is a business-to-business, Internet e-commerce company that seeks to establish a new marketplace and distribution channel for worldwide barter and trade. Bentley is working towards becoming the online "market maker" for the barter industry -- a neutral intermediary that brings together fragmented multiple groups of buyers and sellers online. Through the development of a seamlessly integrated family of online barter services, it envisions that most barter transactions can be handled in real time, with its proprietary VirtualBarter software. Bentley intends to serve as a clearinghouse for barter trades for fortune 500 trading partners, scores of existing retail barter exchanges that serve companies of all sizes, corporate barter companies that serve large multinational corporations, trade associations and their member companies, as well as media and travel agencies.

Forward-Looking Statements:

With the exception of historical information, this news release and accompanying information may include forward-looking statements that involve a number of risks and uncertainties. Actual results could differ materially from those anticipated as a result of various risks. There are numerous factors that could contribute to such differences, therefore such projected events and anticipated results are not warranties or guaranties that such events will occur or that the Company will achieve such results. For more information about this corporation and risks involved in the investment of their publicly traded shares, please see the company's website(s), and/or documents filed with the SEC, which are easily accessible in the EDGAR database system.

Contact Information:

Bentley Communications Corporation
Bob Schumacher, 310-201-0800
bob@bentleycompanies.com www.bentleycompanies.com

I also found a last month hot PR on BTLY that show us how this industry is growing over time.
Bentley Communications Corp

$12 Billion Retail Barter Business Growing at 6% a Year
Friday December 19, 11:45 am ET

LOS ANGELES--(BUSINESS WIRE)--Dec. 19, 2003--Bentley Communications Corp. (OTCBB:BTLY - News):
Bentley Communications Corp. Capitalizes on Retail Barter by Enabling Its Network of 180 Independent Local Exchanges to Use Its Trade Exchange Management Software to Collaborate Within Its Online Global Trade Marketplace
Bentley Communications Corp. (OTCBB:BTLY - News), the emerging online leader in the trade and barter industry, reports that industry trade groups are showing a robust 6% growth in the $12 billion retail barter industry, driven by significant increases in the range of products and services available on barter, and the ability to provide businesses with an easy way to sell extra inventory, help when they are short on cash and expand sales.

A December 18 New York Times article on retail barter, "Shops Swap, and Keep Sales Coming," said "with its stigma as a poor man's business tool largely disappearing and the slow economy of the last few years attracting many new adherents, retail barter has been expanding by about 6 percent annually." The article, which featured local barter exchanges, cautioned about avoiding "the fatal flaw of the (prior) online barter companies" because "one reason the Internet may be slow to transform barter is that most exchanges are done locally." .........

Mach, based on this information i am going to load up and take a piece of the action, the general overview here
show us a good environment to grow in value. The chart bellow display very clearly this situation.
http://finance.yahoo.com/q/ta?s=BTLY.OB&t=3m&l=on&z=m&q=c&p=b,p&a=m26-12-9,ss,w14&c=

I am going to pick my shares, i like this move so I am in .

I am going to continue on my DD.

MAV.

BTLY -- Bentley Communications Corp.
Com ($0.001)

Company News and Press Releases From Other Sources:
Bentley Communications Corp. to Change Its Name to Bentley Commerce Corp. and Obtain A New CUSIP Number, Effective Jan. 12, 2004

Shareholders Urged to Exchange Stock Certificates

LOS ANGELES, Dec 30, 2003 (BUSINESS WIRE) -- Bentley Communications Corporation (OTCBB:BTLY) announced that it will change its name to Bentley Commerce Corp. and obtain a new CUSIP number, effective January 12, 2004. The Company's shares will continue to be quoted on the OTCBB under the trading symbol "BTLY" and its Web site will be at www.bentleycommerce.com. The purpose of the name change is to more accurately reflect the company's position as the emerging leader in the online barter and trade industry.

As part of Bentley's name and CUSIP number change, all shareholders are urged to exchange stock certificates representing shares of common stock of the Company for new certificates. The name change was authorized at Bentley's October 30, 2003 Annual Meeting of Shareholders. This action does not change or consolidate the issued and outstanding common stock of the company.

"Over the past six months, Bentley has successfully carried out a series of strategic initiatives to enter the barter and trade industry," said Gordon Lee, Bentley's chairman and CEO. "These include setting up its Bentley Crump Barter System subsidiary with a network of 180 independent local barter exchanges and about 50,000 merchants that trade through them; beginning our corporate trade division; as well as establishing trade exchanges for specific markets, such as for the hospitality industry and for non-profit organizations; and most important, acquiring the North American rights to VirtualBarter 3.0, a comprehensive suite of trade exchange management applications that can enable exchanges to collaborate in a global online network that we feel will be far superior and larger than any prior exchange network."

Stock Certificate Exchange Procedure:

Stockholders who have in their possession paper stock certificates should read and carefully complete the Letter of Transmittal provided by Bentley that will be available for download, online at http://www.bentleycompanies.com/investors. Stockholders can also obtain a copy of this letter by calling Bentley at 310-445-2599; by faxing a request to 310-445-2529; or mail to Bentley Communications Corp., 11301 Olympic Boulevard, Suite 680, Los Angeles, CA 90064, USA. The completed Letter of Transmittal, together with stock certificate(s), should be sent via an insured, traceable delivery service to the Company's exchange agent, Florida Atlantic Stock Transfer, Inc., located at 7130 Nob Hill Road, Tamarac, Florida, phone 954-726-4954. There is no need for stockholders to endorse the stock certificate, nor should they.

Stockholders who hold their shares in street name with a broker should confirm with their broker that the broker is including their name on the list of beneficial owners being submitted to the Company's exchange agent. These stockholders will not be required to take any further action, unless their broker tells them otherwise.

About Bentley Communications Corporation:

Bentley Communications Corp. is a business-to-business, Internet e-commerce company that seeks to establish a new marketplace and distribution channel for worldwide barter and trade. Bentley is working towards becoming the online "market maker" for the barter industry -- a neutral intermediary that brings together fragmented multiple groups of buyers and sellers online. Through the development of a seamlessly integrated family of online barter services, it envisions that most barter transactions can be handled in real time, with its proprietary VirtualBarter software. Bentley intends to serve as a clearinghouse for barter trades for fortune 500 trading partners, scores of existing retail barter exchanges that serve companies of all sizes, corporate barter companies that serve large multinational corporations, trade associations and their member companies, as well as media and travel agencies.

Forward-Looking Statements:

With the exception of historical information, this news release and accompanying information may include forward-looking statements that involve a number of risks and uncertainties. Actual results could differ materially from those anticipated as a result of various risks. There are numerous factors that could contribute to such differences, therefore such projected events and anticipated results are not warranties or guaranties that such events will occur or that the Company will achieve such results. For more information about this corporation and risks involved in the investment of their publicly traded shares, please see the company's Web site(s), and/or documents filed with the SEC, which are easily accessible in the EDGAR database system.

SOURCE: Bentley Communications Corporation

CONTACT: Bentley Communications Corporation
Bob Schumacher, 310-201-0800
bob@bentleycompanies.com
www.bentleycompanies.com

Customize your Business Wire news & multimedia to match your needs.
Get breaking news from companies and organizations worldwide.
Logon for FREE today at www.BusinessWire.com.

Copyright (C) 2003 Business Wire. All rights reserved.

quote:

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Originally posted by cabbage22:
The barter industy has a great outlook, I've had my eye on BTLY recently, charts do look good. I'll do some quick and dirty DD and see what I can find

Bentley Communications Corp. is a business-to-business, Internet e-commerce company that seeks to establish a new marketplace and distribution channel for worldwide barter and trade. Bentley is working towards becoming the online "market maker" for the barter industry

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Since they are changing their name, we should expect to see the MM's covering their shorts correct?

And since the name change is Next Monday- wouldnt you say there is a good chance of a PR about this in the next few days?-

quote:

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Originally posted by machtabow:
Thanks Cabbage. I can tell you this much... I like what I'm seeing here. I spoke with the President yesterday. His phone was ringing off the hook, but he took the time to speak with me. He gave me insight that blew my mind away. I really think this company has astronomical potential. When people begin to realize that Barter is in fact a form of Alternative Financing... they will realize the potential. They have signed a huge contract. I can not disclose this here on this thread... but... It will be released very soon. And I was excited to learn about it! mach

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quote:

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Originally posted by cabbage22:
Hey Mach-

Since they are changing their name, we should expect to see the MM's covering their shorts correct?

And since the name change is Next Monday- wouldnt you say there is a good chance of a PR about this in the next few days?-

I have personally contacted Gordon Lee, President of BTLY on 1/05/2004. He stated that they have identified 1000 shareholders but believe with the name & Cusip # change they will be able to identify the remainder. Note the following PR release: Bentley Communications Corp. to Change Its Name to Bentley Commerce Corp. and Obtain A New CUSIP Number, Effective Jan. 12, 2004

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CUSIP number

Thanks again Guys
Chrissy

quote:

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Originally posted by Mav:
Just some info about CUSIP.

CUSIP number

A nine-character number that uniquely identifies a particular security. CUSIP is an acronym for the Committee on Uniform Securities and Identification Procedures, the standards body which created and maintains the classification system. Foreign securities have a similar number, called the CINS number.

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quote:

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Originally posted by Mav:
Just some info about CUSIP.

CUSIP number

A nine-character number that uniquely identifies a particular security. CUSIP is an acronym for the Committee on Uniform Securities and Identification Procedures, the standards body which created and maintains the classification system. Foreign securities have a similar number, called the CINS number.

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HISTORY on BTLY.

On 12/20/2002, BTLY signed a letter of intent to acquire Exchange Mall, a privately held company that operates two separate businesses; First National Information Network, & Exchange Mall. First National provides marketing, database, & lead generation services for a variety of clients, including a number of large brokerage firms. Exchange Mall operates an Internet Mall that provides services to enable online barter transactions. The proposed transaction is a stock swap whereby BTLY will acquire 100% of Exchange Mall.

The acquisition is a good step because Exchange Mall is a well-established company expected to generate profits this year. It moves BTLY from its developmental stage to being an established company with customers & revenues.

Mark Savoy, chairman & CEO of Exchange Mall stated at that time: "We are pleased with the proposed transaction with Bentley. As part of our long-term growth plan, we have been seeking the right partner to bring us into a public company."

On 12/23/2002, BTLY signed a letter of intent to acquire Millennium Exchange, Inc., a privately held company that owns 80% of BarterCardUSA. Millennium Exchange was launched in 2000 to pursue the rapidly growing barter market. BarterCardUSA was launched in 2001 to bring BarterCard's system to the USA. In April 2002, Millennium Exchange purchased 80% of BarterCardUSA & merged its barter members & operations into BarterCardUSA.

Millennium Exchange is a different, more exciting acquisition than the Exchange Mall acquisition announced a few days earlier. The combination of the two acquisitions will certainly catapult BTLY into a position of leadership in the U.S. barter industry. Millennium's BarterCardUSA business unit has over 2,000 businesses as members, & Millennium management believes BarterCardUSA membership will grow by 30% this year, by about 50% in 2004, & by an additional 50% in 2005. Management projects revenues of over $10 million by the end of 2005.

quote:

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Originally posted by chrissy_a:
Mach and Gang great posts on the potentialof this company.One question I currently own IBZT which is soaring at the moment the rest of my cash is tied on PGHI .Would this pick be a better play than IBZT ?
Mach email me if you have info which you would like me to have.

Thanks again Guys
Chrissy

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entry looks good to me.
what do you think after the name change mac or mav 2-3 cents up?

quote:

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Originally posted by kitkatranchgirl:
great pick mac.
great techs mav.

entry looks good to me.
what do you think after the name change mac or mav 2-3 cents up?

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Bentley Communications Corporation to Target Iraqi Reconstruction with Barter and Trade Alliances
Monday December 15, 6:03 am ET

LOS ANGELES--(BUSINESS WIRE)--Dec. 15, 2003--Bentley Communications Corporation (OTCBB:BTLY - News), the emerging leader in the online barter industry, today announced that it is in discussions with several entities in the Middle East, including Iraq, that are interested in establishing a network of barter exchanges that plan to focus on providing alternative capital initiatives to companies that can provide goods and services targeting the reconstruction of Iraq.
ADVERTISEMENT


"With the recent capture of Saddam Hussein, the ensuing regional stabilization should accelerate the billions of dollars allocated for reconstruction efforts," said Gordon Lee, Bentley's chairman and CEO. "Barter can provide a means to enhance cash spending, or actually reduce cash requirements for reconstruction and other economic development, by providing alternative capital initiatives. Bentley, through its Bentley's Crump Barter Network, VirtualBarter software and Corporate Barter division, is positioning itself to capitalize on these initiatives."

"Historically many countries and governments, in addition to the private sector, utilize barter," continued Mr. Lee. "These transactions, that total about $650 billion annually, enable them to sell excess products or capacity at full price, in exchange for other products and services, rather than liquidating inventories at pennies on the dollar. Natural resources and excess capacity in Iraq and other Middle Eastern countries can be leveraged through barter transactions to pay for other required products and services that can be supplied by other countries or companies."

Bentley has already developed a strategic relationship with a new emerging trade exchange network in the Middle East that will be participating in its worldwide global network www.bentley.vbarter.com and use VirtualBarter software. This software is intended to eliminate barriers to trade by providing new multi-lingual, multi-currency trading for barter and trade exchanges, and their members worldwide. Other international exchanges, including one in Paris, France, will be using the software as part of Bentley's global marketplace.

With VirtualBarter, new developing trade exchanges that establish themselves in Iraq and other Middle Eastern countries will soon have a vast inventory of products and services available to them and their members, including about 50,000 members who trade through the largely North American based 180 trade exchanges that participate in Bentley's Crump Barter Network.

I've already owned this stock since before the share dividend - doubled my position today after taking a quick look.

quote:

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Originally posted by kitkatranchgirl:
great pick mac.
great techs mav.

entry looks good to me.
what do you think after the name change mac or mav 2-3 cents up?

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The exchange of products and/or services without the use of money. also called exchange

quote:

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Originally posted by STUG:
Guy, by the way...I am new and wonder what is "barter"? Could someone help?
Sorry for silly question, but I would like to know before get in...
Thanks.

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quote:

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Originally posted by STUG:
Mach, can you send me info too, thanx...
I wanna be in late today after quick DD

Email: tugsinav@hotmail.com

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quote:

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Originally posted by cndboy:
Hey Mach can you send me the info as well... duenna1@yahoo.com

Thanks,

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quote:

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Originally posted by adrenalix:
hey mach. i'm doing my dd on this one too. can you send me the info? adrenalix1@yahoo.com thanks.

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