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Microcap & Penny Stocks : Amazon Natural (AZNT) -- Ignore unavailable to you. Want to Upgrade?

To: tonto who wrote (23743)	9/1/1999 10:20:00 AM
From: Q.	Respond to of 26163

<<The Company ... does not expect to attain profitable operations for the next twelve month period.>> That's what it says in the 10k. Somehow this sounds a little different than what Sylver has said elsewhere. BTW, companies do not file 10Q's for their fourth quarters. They file three 10Q's and one 10k every year.

To: tonto who wrote (23743)	9/1/1999 10:29:00 AM
From: Q.	Respond to of 26163

Independent Auditor's Report To the Board of Directors and Stockholders of Amazon Natural Treasures, Inc. We have audited the balance sheet of Amazon Natural Treasures, Inc. as of December 31, 1998, and the related statements of comprehensive income, stockholder's equity, and cash flows for the year then ended. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit. The financial statements of Amazon Natural Treasures, Inc. as of December 31, 1997, were audited by other auditors whose report dated July 17, 1998 expressed an unqualified opinion with a going concern uncertainty on those statements. We did not observe the physical inventory in 1998 stated in the accompanying financial statements at $444,983. The Company's records do not permit the application of other auditing procedures to inventories. In addition, the Company does not maintain certain customary accounting records and supporting documents relating to transactions with suppliers and customers, nor, in our opinion, is the system of internal control adequate to provide safeguards of assets and to assure proper recording of transactions. Accordingly, it was impracticable to extend our procedures sufficiently to determine the extent to which the financial statements may have been affected by these conditions. Since inventory at December 31, 1998 enters significantly into the determination of financial position, results of operations, and cash flows, and since the Company does not maintain certain customary accounting records or documents, or an adequate system of internal control, as described in the preceding paragraph, the scope of our work was not sufficient to enable us to express an opinion, and we do not express an opinion on the financial statements referred to above. As discussed in Note 3, the Company has numerous related party transactions and is dependent upon a related party supplier for its phytogenics products. In addition, as discussed in Note 1, the Company is dependent on its ability to continue to operate within United States Government guidelines for nutritional supplements The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 5, the Company had been in the development stage in years prior to 1998, and the Company's ability to generate sufficient cash flows to meet its obligations and sustain its operations, either through future revenues and/or additional debt or equity financing, cannot be determined at this time. Further, the Company has sustained losses of $13,645,482 since its inception on June 27, 1995 and has experienced cash flow problems. These uncertainties raise substantial doubt about the Company's ability to continue as a going concern. Management's plans in regard to these matters are also discussed in Note 5. The financial statements do not include any adjustments that might arise from the outcome of this uncertainty. /s/ Albright, Persing & Associates, Ltd. Reno, Nevada August 19, 1999

To: tonto who wrote (23743)	9/1/1999 10:50:00 AM
From: Jeffrey S. Mitchell	Read Replies (2) \| Respond to of 26163

I notice that AZNT says they canceled Kevin Vander Kelen's 100,000 shares! The Company has also cancelled the following certificates in 1999: Name Number of Shares --------------------------------- ------------ Attorney Business Advisors 100,000 J. Thomas Bonner III 1,000 Rose Mary Cabassa 2,125 Veronica Ann Cabassa 1,000 Michael Zappara 390,000 Danny Doumanis 85,000 Dick Dubrule 250,000 Hemisphere Holding Co., Inc. 50,000 Whitecliffe Investment Fund Ltd. 500,000 Whitecliffe Investment Fund Ltd. 500,000 Whitecliffe Investment Fund Ltd. 500,000 Whitecliffe Investment Fund Ltd. 500,000 Shoreline Securities Ltd. 500,000 Shoreline Securities Ltd. 500,000 Shoreline Securities Ltd. 500,000 Shoreline Securities Ltd. 500,000 Charles Kricfalusi 2,000,000 Wanda Kricfalusi 1,000 Wanda Joyce Kricfalusi 224,000 CW Kricfalusi 2,000,000 Linda McGee 1,650 Dr. Amazonimo Mendes 5,000 Gilberto Baptista Miranda 3,000 Pacific International Securities 50,000 James F. Palecek 250,000 Debra Reidl 1,000 Kevin Vader Kelen 100,000 --------- Total 9,514,775 ===== Here's proof positive AZNT lost the Nextech case. However, it is my understanding Nextech was able to secure these shares and eventually dispose of them in the market. The Company has been ordered to issue 224,000 shares of stock, initially issued to a former consultant, which was subsequently canceled by the Company due to a recession of the transaction resulting in the initial issuance. These shares were pledged as collateral for a loan to the former consultant. - Jeff