Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Janice Shell who wrote (23746)	9/1/1999 10:40:00 AM
From: Q.	Read Replies (1) \| Respond to of 26163

I looked in the k: it appears that the common shares owned by insiders were converted into preferred stock that has a value of only $0.001 per share indicated in the balance sheet. If so, this drastically reduced the market cap of the company and slashed the value of the insiders holdings. I really don't understand why the insiders would want to do that. There were also several million other shares belonging to third parties that were cancelled. See the next post. The preferred stock is described in the k as "voting only." While I didn't find a description of how many votes a share of preferred stock has, it does say that the insiders have control of the company, including the ability to elect the directors, through their votes of the preferred stock.

To: Janice Shell who wrote (23746)	9/1/1999 10:41:00 AM
From: Q.	Read Replies (1) \| Respond to of 26163

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