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Microcap & Penny Stocks : Amazon Natural (AZNT)
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To: Arcane Lore who wrote (23725)8/31/1999 5:05:00 PM
From: Q.   of 26163
 
liquidity crisis: working capital is a negative ($300k, cash burn is $330 k in last 6 months. I don't see how they can continue operating like this, and it appears that they agree:

excerpts from the 10Q:

LIQUIDITY

During the three months ended June 30, 1999, the Company's working capital
decreased by approximately $56,992. The Company does not currently have
sufficient capital in its accounts, nor sufficient firm commitments for
capital to assure its ability to meet its current obligations or to continue its
planned operations. The Company is continuing to pursue working capital and
additional revenue through existing and new clients, but there is no assurance
that any of the planned activities will be successful.

CAPITAL RESOURCES

As a result of its limited liquidity, the Company has limited access to
additional capital resources. The Company does not have the capital to totally
fund the obligations that have matured or debts that remain currently payable or
other debts incurred during the most recent fiscal quarter.
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