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Microcap & Penny Stocks : Amazon Natural (AZNT)
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To: marcos who wrote (1107)8/23/1998 9:46:00 PM
From: Hawkmoon  Read Replies (2) of 26163
 
Marcos,

I agree with you. Aside from the administrative uncertainties involving the retiring of stock, I have no problem with the actual products.

I would just like to see some assurance that the company does nothing that would create an FDA problem for them (and shareholders).

I also would like to be reassured that when the common is retired and preferred issued that shareholders know what the converstion rate is for preferred to common and that insiders won't be instanting converting that preferred into common, subsequently selling that stock back into the market.

If you retire 60+ million shares of common and issue 60+ million shares of easily convertible preferred stock, you really have gained nothing in the way of reducing O/S shares.

Some assurance and disclosure by insiders would be welcome, as well legally binding documentation that would treat the preferred like 144 stock and restrict the amount of shares eligible for conversion based upon a percentage of volume.

Doing such would greatly enhance my confidence that management is concerned with preserving shareholder value.

Again, I have no problem with the products so long as advertising remains within FDA guidelines.

And if there is a illegitimate short position out there, I congratulate the company's management for working towards eliminating this in shareholder's favor. If it succeeds, it certainly will warrant coverage far and wide in the financial journals, as well as sending a strong message to unscrupulous mmkrs who may be attempting to terminally short any stock.

Regards,

Ron
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