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Microcap & Penny Stocks : Amazon Natural (AZNT)
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To: RBM who wrote (322)8/21/1998 1:05:00 PM
From: DavidCG  Read Replies (3) of 26163
 
RBM, bmart,

Hi there,

Very new to this thread...

I own some stock in a company called QTNT... we know the float should basically be in friendly hands (approx. 2 million float).. yet the price on buys of 4 to 1 buys have tanked this stock from $1 to .20
The Outstanding shares a mere 8 million. Basically a market cap around
$1.5 million.

I don't have problems with stocks I buy that fall because actual selling brings it down (well, I do... but I chalk that up as normal market forces)

I am not so interested in what AZNT does... but I am interested in what this company is trying to do.

Is there a single post from one of you that outlines what the situation was, what it is, and where it is going?

Just reading the most recent posts I gather there's alledgedly a float of 600-800K, you can account for all these shares amongst friends... and yet the stock wasn't rising.

And the company took some court action... More details please.. and where can I find the court decisions on this? (or who could I call to verify)

And indulge me with the outstanding shares, and the full story.

And then you can make it a reference point for ALL potential investors coming into this room.

If these guys succeed in driving MM's and them folks up north from covering their naked shorts at much higher prices...this would be a model for all OTC:BB's..

Thanks

-DavidCG
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