With the stock transfer to take place finally per their recent 8K, how does the previously announced dividend and the reverse split play out exactly...? It was not mentioned in the 8K.
Or, has there been additional releases I may have missed which cancelled the dividend?
Or, has this "important" strategic move been cancelled thereby eliminating the 5% dividend. Some shareholders are confused by this and hopefully the company will clear up this confusion.
To:jhild who started this subject
From: jhild Wednesday, Aug 26, 1998 2:39 AM
View Replies (1) | Respond to of 77
Press Release June 16, 1998:
"AZNT" ANNOUNCES THE SECOND MEASURE OF CRITICAL STRATEGIC EVENTS TO INCREASE STOCKHOLDERS VALUE! BUSINESS EDITORS
LAS VEGAS--(BUSINESS WIRE)--June 16, 1998--If you recall in our Press Release dated June 9, 1998, Amazon Natural Treasures, Inc. (OTCBB:AZNT.O) implemented the first of these strategic events which were as follows:
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The Company will retire all of the principals common Stock (53,149,113 shares) in exchange for preferred stock.
The Company will take steps to officially cancel 4,224,000 shares of restricted Rule 144 Legend stock.
The Company will officially cancel 440,000 free trading shares that are in the DTC.
The Company will have 4,000,000 shares removed from the DTC.
As a result of the above, the total amount of restricted Rule 144 Legend stock will be 8,904,244 shares. The total amount of stock in the DTC will be 1,356,730 shares.
The second of these strategic events is as follows:
The Company will cancel all stock and re-issue all stock under a new Cusip Number and trading symbol.
The Company will declare a stock dividend to be enacted upon the transference of the stockholders certificate from the old Cusip number to the "new" Cusip number. Amazon Natural Treasures, Inc. will offer a stock dividend in the amount of 5%.
As a result of the above, the free trading float along with the Rule 144 Legend stock will be cleaned up to the point where only legitimate certificates will be transferred and the dividend enacted. Secondly, when all the free trading stock leaves the DTC, the stockbrokers that are short due to the illegal selling of stock in which they did not have possession of will be forced to go to the market and buy back all their shorts only to find that once the legitimate stock owners remove all of their stock from the DTC in order to:
a) be able to trade their stock under the new Cusip Number and Symbol Letters
b) to take advantage of stock dividends
the shorters will find themselves in a most precarious situation for what are they going to do when the brokers who purchased their short sells request physical delivery of the certificates. For you see, the shorting brokers do not have the stock. Therefore, they must go back to the market to buy back their shorts only to find that there will be no stock available in the time allowed by law for the shorting brokers to deliver real certificates to the requesting brokers.
All legitimate stockholders of record will be notified via US Mail as to the date that the second strategic critical event will take place. Amazon Natural Treasures, Inc. strongly believes that the implementation of the above will have a very positive effect on reversing the damage caused by these unscrupulous shorting stockbrokers. Amazon Natural Treasures, Inc. will keep all stockholders apprised of all future critical strategic events in this series.
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