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Microcap & Penny Stocks : Amazon Natural (AZNT)
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To: tonto who wrote (13350)12/3/1998 2:14:00 PM
From: tonto  Read Replies (2) of 26163
 
The problems with the company have become very clear. It is worth the time for all interested to slowly review each line item. Naturally, it becomes very obvious where the money is going...Look at consulting fees for the quarter, look at office rent for the quarter, look at telephone, cars, apartment, travel...Look at how management has set up the company, made decisions regarding obligations...the pattern is disturbing.

Another interesting entry is the receivables balance. Basically the company currently has zero receivables. Burning cash...

And for those wondering about accounting:

Note 2: Accounting Policies
(A) The Company uses the accrual method of accounting.
(B) Revenues and cost of sales are recognized when sales are consummated.

Be very careful.
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