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Microcap & Penny Stocks : Amazon Natural (AZNT)
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To: zonkie who wrote (15568)1/9/1999 9:05:00 AM
From: Janice Shell  Read Replies (1) of 26163
 
This is a very real problem. Not because of the DTC freeze, as Spidey would have us believe, but because Mikey's acting as his own transfer agent. He simply refuses to sign off on the stock in question, using the DTC as an excuse. This appears to be a very deliberate "strategy", and it most certainly does not work to the advantage of shareholders.

Probably steps can be taken to force him to release the stock in question, but that'll require some time, appeals to the SEC and perhaps litigation. He's making it easier for himself not to issue certs because he hasn't filed with the SEC to be self-transfer, but in this case no new certificates need be issued. All that would normally be required is that the shareholders who wish to sell file 144 registrations, and that Mikey sign off on that paperwork.

Extremly bad behavior on Mikey's part, in my view.
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