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Microcap & Penny Stocks : Amazon Natural (AZNT)

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To: Rico Staris who wrote (18875)2/9/1999 4:31:00 PM
From: tonto  Read Replies (2) of 26163
 
Article is incorrect. With the 1000 share purchase at day end, the stock closed at $1.00. I would have been very surprised had it closed at .78...

I do not recall in the court transcripts or the filings any mention of the AMZN confusion and share price increase for AZNT...

Similar situations have occurred in the past. When Amazon.com (AMZN) went public in 1997, a company called Amazon Natural Treasures with the "AMZN" ticker symbol saw its stock nearly tripled.

As is likely to happen in this case, the bulletin board company must give up its ticker symbol a day before the bigger company goes public on the Nasdaq National and Small-Cap markets. Amazon Natural Treasures (AZNT-BB), for instance, now trades under "AZNT" for less than a buck.
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