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Microcap & Penny Stocks : Amazon Natural (AZNT)
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To: Spider Valdez who wrote (16608)1/21/1999 1:28:00 PM
From: Hogger  Read Replies (1) of 26163
 
Spidey,

I've also received some legal "best guess" info ... there appears to be a difference between a person being found in default and that being attested to ... it appears that in this instance the judge previously stated that the named parties were in default as of the date the summons time limitations for appearance lapsed and that the failure to appear automatically triggered some legal mechanism by which the clerk is the only one required to attest to such and the default therefore becomes effective. Consequently, the named parties are in default.

However, before any action can be taken on the default (ie, seizure of assets) the judge must issue some manner of enabling document, probably referred to as a seizure order. That apparently has not been issued, but appears to be an almost automatic occurrence unless mitigating evidence is presented - and such has not been submitted (ie ... where is Andy.)

Failure to appear when issued a summons is taken rather seriously by most Federal Judges. That certainly seems to be the case in this action.

Also, looking at the fonts used in the various verbiage, they appear consistent with those used by the court in previously issued documents, so this finding of default does appear to be valid.

I am a shareholder and reseller, not an attorney, but this does convince me that standing pat on my investment for a while longer is certainly in order and is a prudent move on my part.

Hogger
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