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Microcap & Penny Stocks : Amazon Natural (AZNT)

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To: antibash who wrote (9302)10/24/1998 11:58:00 AM
From: Mr. Forthright  Read Replies (1) of 26163
 
***AMERICA'S LARGEST IPO TURNS INTO LARGEST STOCK FIASCO/SHORT SQUEEZE IN THE HISTORY OF MANKIND***

Executives from Conoco held a press conference in New York last night. They explained that the company's $4.4 billion initial public offering, America's largest to date, has turned into the world largest stock squeeze, surpassing the previous record held by Amazon Natural.

Executive for the oil and gas firm explained that they were tricked into issuing $4.4 billion worth of stock to approximately 150,000 investors and that they still haven't received any of that money. The company is determined to squeeze these shorts, which represent about 100% of the float.

Underwriters for Conoco stated that they tried a new kind of issue for the Conoco IPO. The new technique called Cyfap (cross your fingers and pray) has now totally backfired. The underwriters are expected to return to more traditional ways of doing financings in the future.

Management of Conoco also expressed their gratitude to Rico and Spider aka 007 and Q, for supporting the stock squeeze online.
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