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Microcap & Penny Stocks : Amazon Natural (AZNT)
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To: Q. who wrote (23729)9/1/1999 10:36:00 AM
From: Janice Shell  Read Replies (2) of 26163
 
I would assume they accomplished this trick by converting insider-owned shares of common stock to some other form of equity. However, I was unable to find an explanation in the 10Q.

For an explanation of that you have to see the 1997 10K, which they filed in November 1998. Actually there were lots more than 48 million shares outstanding at the time. They converted common owned by family and officers to preferred. The terms of the conversion were made rather less than clear. You have to understand that Mikey's self-transfer, so there's no independent information about this stuff available.

There may be some further explanation in the new K; so far I've only read the Qs.
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