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Microcap & Penny Stocks : Amazon Natural (AZNT)
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To: KCsunshine who wrote (5496)9/15/1998 9:53:00 AM
From: Hawkmoon   of 26163
 
How many times did he INVENT phrases and attribute them to me?

I, also, would like to know this. Maybe you'll elaborate.

And I have found nothing that clearly states that insider preferred stock is subject to the same conversion/selling restrictions as Rule 144 stock.

And this is primarily because preferred stock is a different class of stock completely. It is not counted among the outstanding shares of common, does not factor into the earnings equation, and if, in fact, a higher class of stock than common. (IE: if the company goes belly up, preferred holders are paid off first and common shareholders get what's left.)

This whole question would be so easy to resolve were common stockholders to demand that management openly announce (in an SEC filing or news release) that they are placing restrictions on the conversion of insider held preferred to the new common.

Then at least you have something to hold them accountable and prevent any substantial dilution which would undercut the "squeeze".

Btw, what happened to all of that money they raised from the sales of 144 stock over the past year?? An updated 10K would go far to furthering an understanding of the fundamentals of this company and its current cash position.

If this company spent more time keeping its financials in order, there would be less speculation on potential scenarios like the one I presented.

You're not opposed to that, are you??

Regards,

Ron
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