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Microcap & Penny Stocks : Amazon Natural (AZNT)
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To: Icabod who wrote (291)8/22/1998 9:43:00 AM
From: Don Pueblo  Read Replies (1) of 26163
 
Let me see if I got this right. I short this stock (I'm not sure I can and wouldn't even if I could, but let's say I do). Then, the company changes the cusip number and symbol of the stock and tells the shareholders that they have to deliver their certificates to be exchanged for the new and different security. But I am short, so I don't have a certificate. I'll have three days to deliver my shares that I don't have, but I don't have them so I sold something I didn't have and can't deliver. Therefore I'll be charged with felony grand theft, according to the SEC. The new stock, with the new cusip number, will be ten dollars per share, so I will have to buy back something I sold for less than a dollar for 10 dollars.

I followed your argument there at the beginning, but the part about changing the cusip number and the price of the stock went past me. Then I really got lost on the felony grand theft part. Do you mean that a BB company that changes the price of its stock by exchanging a piece of paper that is worth (theoretically) less than a dollar for a different piece of paper that they have put an arbitrary value on of ten dollars is breaking the law?

Maybe you could start over and go through this again, so I can understand it. Thanks. TLC
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