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Microcap & Penny Stocks : Amazon Natural (AZNT)

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To: tonto who wrote (13350)12/3/1998 10:53:00 AM
From: Janice Shell  Read Replies (1) of 26163
 
Is this thing a quarterly earnings report, or an ad for AZNT products? Who'd they use for auditors? The Talking Indian? I'd really like to know. They seem to have paid quite a bit for his services, but so MUCH of the usual stuff one finds in a 10Q is missing.

"Material events", for example: is the resignation of a transfer agent, and the company's subsequent decision to become self-transfer, not a "material event"?

"Legal proceedings - NA": NA?? How so? All kinds of legal proceedings are in progress, one way or the other.

"Changes in securities - NA": Again? I'd say that converting insiders' common (but no one else's) to preferred certainly constitutes a major "change in securities".

"Submission of matters to a vote of security holders - NA": What DID go on at that "shareholders' meeting" that nobody seems to have attended?

Note also that there's no mention of legal expenses anywhere. Why not? My understanding is that they're mounting up.

What about the company's ability to continue in business? They have almost no cash.

Just a few preliminary points...
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