Good question. He has advised previously that he lost $30,000 in RMIL. I do not know which company he lost $20,000 in, that was the first time that amount has been mentioned.
Additional interesting history:
Subject: NAKED SHORTING
Author: <PugsTKO@aol.com> at Internet
Date: 12/04/1999 6:06 PM
Sirs,
I am an OTC BB investor who, for one, would love to see the abusive
practice of naked shorting abolished from the OTC market.
There are many examples one can cite, but I would like to use the example
of OTC:AZNT;
In the case of AZNT, which filed a complaint in federal court against
Joseph Andy Mann, JB Oxford, Canaacord, Whitecliff, Shoreline, The Canadian
Depository and the DTC, for stealing 4.48 million shares , shorting the stock
and then hypothecating it several times in an effort to cleanse it, the
abusive practice of naked shorting is being used to combat a company that has
had to go to court for the return of stock stolen from them .
The company was granted a restraining order for the return of the stock
to the court. Instead of sending the stolen stock to the court, as ordered,
JB Oxford sent the stock to DTC, where DTC imposed a freeze . The stock could
not be returned to the court.
AZNT then got an injunction and extended it to include DTC for the return
of the stolen stock. DTC would still not return the stock to the posession of
the court and, instead, became a defendant in the case as well.
Why would DTC choose to become a defendant rather than return the stolen
stock?
The DTC report states that the short position against the 4.48 million
shares is 1.3 million shares. This does not include the naked shorting coming
out of Canada, particularly through Pacific International.
The worst thing about the case of AZNT, is that it is not unique....from
this point, boiler rooms, aligned with AZNT shortsellers and rogue brokers,
continue to short the stock naked as the boiler room telemarketers solicit
long shareholders for their stock. The telemarketers use smear tactics and
work in concert with other boiler room associates who participate in a smear
campaign against the company, it's products, it's management and even it's
shareholders. Newspapers are contacted , companies the company does business
with are contacted and fed misinformation...all in concert with agressive
naked shorting.
Market Makers of AZNT, like NITE , have 2.2 million shares on their books
and were never on the bid , in a float of approx. 1.6 million shares. And
that's only one Market Maker!
AZNT is a fully reporting company, also compliant with NASD rule 6530,
yet, they were delisted . Why? The NASD has "troubles" with their financials,
even though the SEC does not. Are we to assume now that the NASD is now
liable when a stock falls because they allowed it to be listed after they
"approved" the company in question's financials? Why has the DTC prevented
AZNT shareholders from getting physical posession of their stock for 23
months with a self imposed freeze of the AZNT DTC account that they will not
lift even after the court ordered it ?
The NASD created a new rule AFTER THE FACT citing that ; if the NASD did
not approve of a companiy's financials, they would have 30 days to resolve
the matter, trading with an 'E' added to the ticker. AZNT never had that
option.
The abusive practice of naked shorting is used as a tool of professional
shortsellers, promoters & rogue brokers to crush the companies they target.
They agressively short naked in concert with smear campaigns and , in my
opinion, exploit the bureaucracy of the NASD, DTC & SEC. Who loses are OTC:BB
investors, to those who 'work' the system, made possible by the abusive
practice of naked shorting.
Gary Dobry
OTC:BB Investor
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT
JUNE 21, 2000
AMAZON NATURAL TREASURES, INC.
----------------------------------
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
NEVADA
----------------
(STATE OR OTHER JURISDICTION OF INCORPORATION)
33-26109 88-0460880
------------------- ------------------
(COMMISSION FILE NUMBER) (I.R.S. EMPLOYER
IDENTIFICATION NO.)
4011 WEST OQUENDO UNIT C, LAS VEGAS NEVADA 89118
----------------------------------------------------
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES AND ZIP CODE)
(702) 795-4333
------------------
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
<PAGE>
ITEM 5. OTHER EVENTS
The company believes that certain financial information previously reported may
be misstated.
The company has engaged the accounting firm of Piercy,Bowler, Taylor and kern of
Las Vegas Nevada to audit the financial statement for the years ending
1996,1997,1998 and 1999.
Following the audit the company anticipates that it will restate certain
financial information
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereto duly authorized.
AMAZON NATURAL TREASURES, INC.
(Registrant)
Date: June 21, 2000
By: /s/ MICHAEL A. SYLVER
- --------------------------
Michael A. Sylver
President |
