did shareholders get ponzied?, page-14

Dear MopH,

"If you can log onto etrade you can read Hunleys past reports on BNB"

I did log onto Etrade.

on 10-Nov,08, Huntley called it a SELL and said ..
"Given the obvious liquidity shortages, heightened risk of insolvency and difficulty selling assets to degear, we are removing the Hold/High-Risk Buy tag and downgrading to Sell. Sell all BNB shares now"
BNB traded 75c - 97c on 10-Nov-08

on 22-Aug,08, Huntley called it a HOLD, but said
"While our feeling is the company will survive by the skin of its teeth, there can be no guarantees BNB will avoid liquidation. The margin for error is small and despite the fall in the share price this investment remains very high-risk"
BNB traded 2.10 - 2.49 on 10-Nov-08

On 18-Aug, 08, they said (HOLD)
"Usually a stock falls 35% on the day of the downgrade. Instead the stock has been sliding by several per cent every day. This pattern of share price falls is more worrying" ...
" It is extremely difficult to cover BNB at this time. We have always said the stock is high-risk because it is a complex, highly geared black box but that quality, in the current debt-averse environment, makes BNB very high-risk."
Price was above $2

On 19th June, 08, (HOLD) they said ...
"There is some doubt BNB will continue as an ongoing business"
Price was above $6.50



Which analysts had BNB as a buy <$1 ?