SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Amazon Natural (AZNT)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: wonk who wrote (760)8/22/1998 8:04:00 PM
From: CatLady   of 26163
 
from a recent AZNT press release -

LAS VEGAS--(BUSINESS WIRE)--June 30, 1998--Amazon Natural Treasures, Inc. (OTC/BB:AZNT) today requested that all shareholders of free trading stock immediately contact their broker(s) and request physical delivery of their shares certificate(s). This request is being made to ensure that no delays will be incurred by shareholders when the time comes to deliver their certificates to the transfer agent to be exchanged for the new certificates.

Can anyone explain to me how taking physical delivery of certificates will in any way expedite the future share exchange? Seems like just the opposite to me. I.e. request goes to transfer agent to issue certificates. Certs sent to shareholder. Date for exchange set. Shareholder send certs back to the transfer agent. New certs sent to shareholder. How does that step of requesting certs "ensure that no delays will be incurred by shareholders"?

Nor do I see how that step will aid in producing the squeeze, given that the share exchange itself will in theory flush out the alleged illegal naked shorts.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext