Amazon Natural (AZNT) Message Board

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Microcap & Penny Stocks : Amazon Natural (AZNT)

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To: Janice Shell who wrote (16849)	1/22/1999 3:31:00 PM
From: Ellen	Read Replies (2) of 26163

>> In the suit the Company asserts, among other things, that the defendants -- who include entities holding various series of the Company's convertible preferred shares and individuals affiliated with those entities -- purchased the preferred shares as part of an illegal scheme and conspiracy which involved manipulative short-selling of the Company's common stock. << Oh boy. The company issues death spiral convertibles, and then complains because those who bought'em in a private placement are shorting againt 'em? That's the whole POINT of floorless stuff. Why did the company issue this junk in the first place? The consequences are quite predictable. I suspect there's a good deal more to this story than what appears in the company press release you cite. In this - referencing GBIT - I'm just curious -- did you check first, before posting, to see whether their convertibles were floorless? Just wondering, as I've known you to post before researching...

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