Amazon Natural (AZNT) Message Board

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Microcap & Penny Stocks : Amazon Natural (AZNT)

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To: Janice Shell who wrote (24017)	9/22/1999 3:12:00 PM
From: Jeffrey S. Mitchell	Read Replies (1) of 26163

You know it's a bizzaro world when Ray-Jay and Riley start agreeing that AZNT management should consider declaring Chapter 11 bankruptcy instead of being forced into Chapter 7. Here's what Ray-Jay says: There's no requirement in a chapter 11 for the company to screw the shareholders. They just do it on thier own. A company can reorganize and keep the share structure intact. They may have to issue more stock to raise money, but they would have to do that anyway, if they have no funds. The choice is strictly up to the officers of the company as to what they want to do with existing shareholders. The worst part of when it happens, is that is doesn't HAVE to happen. ragingbull.com Compare that to what WW wrote: A.The company could declare Chap 11; re-org, extinguish the common, and come out with the exact same assets with the insiders holding 100% given their preferred position (I don't see how a Federal bankruptcy judge would go along but mgt may think they could pull this off -- they have shown --up to now -- contempt for the judiciary's intelligence which is noteworthy by its irony.) (This scenario also costs money rather than making money.) However, just to provide "equal time", here's what Antibash (aka Nineiron) says about this discussion: Dean, this BK crap is a fairy tale started by Ray-Jay and concluded by Reily. Neither of these two are stock holders nor have factual information other than Sylvers statement stating the company is low on funds. I find it ironic how rumors get started and then blown completely out of context. Why don't you take those two non-shareholders out of here for me. Their constant bickering is driving me nuts. Can I borrow your meds? ragingbull.com - Jeff

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