i believe the reason i believe aznt short squeeze is delayed is twofold:
first i believe several mm's who were short aznt strock were passing back and forth the same restricted shares and using them to balance their books on the one day a month the mm's have to even things out.
second i think people close to aznt are very excited because the time for real short covering is upon us and they jumped the gun.
notice of service is not when the covering begins it is when a federal judge orders the shorts to do so
i believe that day will be 9/10.
here is how aznt solved problem of musical restricted shares
PRESS RELEASE
IMPORTANT NOTICE
FOR ALL SHAREHOLDERS
OF AMAZON NATURAL TREASURES, INC. HOLDING
RESTRICTED STOCK!
It has been brought to our attention that a Company called, Wellrich, has been contacting shareholders holding restricted stock in Amazon Natural Treasures, Inc. even though we have asked all shareholders to notify us immediately if Wellrich has been in contact with you. Please see enclosed letter dated May 21, 1998. The Company, Wellrich, is not a licensed brokerage house. From what is understood, they are a boiler room telemarketing operation. Due to the fact that this Company, Wellrich, has been contacting our shareholders and pressuring our shareholders into selling their stock to cover the illegal short position that has been created by unscrupulous, cheating, and non-law abiding individuals, the Company has taken the following measures to stop this illegal manipulation of Amazon Natural Treasures, Inc.'s securities:
1. Until further notice, an administrative "Company
Stop Transfer" has been placed on all restricted
shares.
2. No stock will be transferred until after ALL COURT
ORDERS have been served on the appropriate
people that are involved with this illegal shorting.
here is why i believe the real short squeeze will begin on 9/10.
aznt management is confident no continuance will be granted.
i am betting on the outcome of a court case on 9/10
Amazon Natural Treasures, Inc. (OTC BB: AZNT) today announced that the Company has filed suit in the United Stated Federal Court, Case Number CVS9801247LDG (RLH), for the return of 4,480,000 free trading shares. When the shares are returned to the Transfer Agent for cancellation, the Company will be able to enter into the next phase which will involve AZNT's stockholders who have purchased free trading shares request physical delivery of their certificate(s). The Company will provide further instructions after the hearing to be held on September 10, 1998.
that's why it was delayed and 9/10 is when i believe it will begin.
thank you for your question hope this post helped answer it.
cav
|
