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Microcap & Penny Stocks : Amazon Natural (AZNT)
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To: Spider Valdez who wrote (11837)11/15/1998 8:51:00 PM
From: Bill Ulrich  Read Replies (2) of 26163
 
Short Squeeze Induced By Court Order?
OR
When will Spidey actually bother checking the record before babbling?

page 83 Case No.: CV-S-98-1247-LDG(RLH)
10 MR. MACLEAN: What Mr. Sylver and his company want to do is a short
11 squeeze by reducing the shares in the system, so the price goes
12 up and will --

13 THE COURT: And I don't intend to participate in
14 anything of that character.

15 MR. MACLEAN: Exactly. He wants the Court to solve a
16 problem that's made by people not before the Court and is not
17 an artifact of the problems that is there before the Court.

18 THE COURT: No. Forget about that. I don't intend to
19 do that.

20 MR. QUALEY: No. We're not interested -- we want the
21 status quo maintained, but we don't want this process to
22 continue where they're selling shares that they don't own.
23 It's --

24 THE COURT: Well, the parties before the Court are
25 agreeing to do that.

end page 83 Case No.: CV-S-98-1247-LDG(RLH)
page 84 Case No.: CV-S-98-1247-LDG(RLH)
1 MR. QUALEY: But a necessary step in that would just
2 be to transfer the shares back to J.B. Oxford in the
3 United States --

4 THE COURT: Well, that's the next question. You're
5 talking about --

6 MR. QUALEY: -- which they appear to be willing to do.

7 THE COURT: What? They appear to be willing to do
8 that.

9 MR. MACLEAN: NO. They're --

10 THE COURT: But they have certain conditions given to
11 them that I have no authority to modify at this point. I might
12 look at it differently if you bring them in as a party, and I
13 can do something that's appropriate to help and not injure
14 third parties on the outside. But I'm not going to do anything
15 that's going to have an impact upon this stock artificially to
16 make it go up or go down.
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