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: Handshake™ who wrote (25413)	3/7/2001 10:12:24 AM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 26163

No mention of AZNT, but how many Vegas companies have sued the DTC as AZNT did? Here is the third paragraph: The second highlight would have to be the comfort level attained by listening to management explain several parts of the plan in dealing with the illegal short position. Their confidence in the plan was absolute and the plan itself was very well thought out by the best in the business. Medinah is in the very fortuitous position of having partnered up with a company that just spent the last four years blazing a trail through a very thick illegal short-selling “jungle” leaving behind several time saving legal precedents along the way. Their revised battle plan has served well as a template for Medinah. Medinah now knows what works and perhaps more importantly what doesn’t work. A spotlight is now brightly illuminating those heretofore dark corners at the Depositary Trust Corp. which helped cover up the decades of pocket picking at the expense of shareholders of companies that trade on exchanges not protected by Rule 10(A) 1-“the short-selling rule”. These would include The Pink Sheets, the OTCBB, and the Small Cap NASDAQ. One gets the impression that we’re at the cutting edge of something very large that has been building for a long time. This “sister company” of Medinah just witnessed the 253rd arrest related to their short selling debacle. The rumored amount of punitive damages awarded to date is in the $400 million neighborhood. The punitive damage phase being only two-thirds complete. Note that AZNT caved to the DTC's demands via a settlement. Also note that the DTC had a special court hearing to prove that CEO Mike Sylver perjured himself in recounting his dealings with the DTC. The DTC had recordings of all conversations with Sylver and if you read the court transcripts you'll see just how flagrant Sylver's lies were. - Jeff