Friday, April 15, 2005

Bentley Commerce Corp

Capital Raised: $ 17.65 million
Capital Burned: $ 18.34 million
Previous Executive Compensation: One salary as high as $402,093 (2004)

Bentley Commerce Corp is one of several score of companies that complained about naked short selling abuses on the Berlin Stock Exchange. Bentley made a huge fuss over the "unauthorized" listing and immeidately issued a press release when they got word that the Berlin-Bremen had delisted them.

In that May 14, 2004 press release, the company's chairman stated, "Bentley Commerce is making every effort to protect and increase shareholder value." After reading their SEC filings, you can at least respect their sense of humor.


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