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Microcap & Penny Stocks : Amazon Natural (AZNT)

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To: Spider Valdez who wrote (9197)10/22/1998 11:39:00 PM
From: s martin  Read Replies (2) of 26163
 
I'm confused. Did the company "agree to sell" or were they "hoodwinked" or were the shares "stolen"? And just why would they sell the shares for .25 when the price during March was never that low?

>>In a complaint filed in U.S. District Court last month, Amazon says it agreed in March to sell two First Concorde clients -- Whitecliffe Investment Fund Ltd. and Shoreline Securities Ltd., both also of Cancun -- 4 million shares for $1 million. <<

>> the company says it was hoodwinked into issuing to offshore
brokerages earlier this year. <<

>>Las Vegas herbal medicine company Amazon Natural Treasures Inc. is locked in a legal battle with a group of off-shore brokers it claims stole <<

Ticker: AZNT

Date Volume High/Ask Low/Bid Close
-------- ---------- ---------- ---------- ----------
03/02/98 15,800 1 1/8 0 13/16 0 13/16
03/03/98 81,500 0 7/8 0 3/4 0 3/4
03/04/98 31,600 0 13/16 0 5/8 0 5/8
03/05/98 33,100 0 13/16 0.65 0.65
03/06/98 66,800 0 13/16 0 3/4 0 3/4
03/09/98 116,900 0 7/8 0 3/4 0 7/8
03/10/98 23,500 0 7/8 0 3/4 0 7/8
03/11/98 135,100 0 15/16 0 13/16 0 13/16
03/12/98 5,300 0 13/16 0 3/4 0 13/16
03/13/98 17,000 0 7/8 0 13/16 0 7/8
03/16/98 91,600 0 7/8 0 13/16 0 13/16
03/17/98 13,300 0 3/4 0 3/4 0 3/4
03/18/98 5,600 0 7/8 0 3/4 0 7/8
03/19/98 3,900 0 7/8 0 13/16 0 13/16
03/20/98 42,000 0 7/8 0 13/16 0 7/8
03/23/98 23,400 0 15/16 0 13/16 0 15/16
03/24/98 86,500 1 1/4 0 7/8 1 1/4
03/25/98 2,300 1 1/4 1 1/8 1 1/4
03/26/98 32,200 1 1/4 1 1/8 1 3/16
03/27/98 67,700 1 3/8 1 3/16 1 3/16
03/30/98 182,900 1.32 1 1/8 1.32
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