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Microcap & Penny Stocks : Amazon Natural (AZNT)
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To: antibash who wrote (8611)10/8/1998 11:14:00 PM
From: Arcane Lore  Read Replies (1) of 26163
 
It's October 1998, not January 1999. Once again, your insular information shows your ignorance.

As you have correctly pointed out, AZNT still has three months to reach its 1998 projections of $50 million earnings from $75 million earnings. Now that you've cleared that up, perhaps you could help out with a related question:

Given AZNT's presumed high profit margins and the magnitude of their projected earnings based on their earlier unretracted PR, why do they need to have an ongoing private placement ( #reply-5910365 )? If they are indeed earning profit at about $1 million per week, why dilute the shareholder's equity even further? I suspect the AZNT shareholders are a very patient lot - they certainly have been waiting for that short squeeze, not to mention audited financials, for a while. I doubt very much they'd complain if AZNT grew itself through reinvestment of profits rather than further dilution.
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