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Pastimes : Investment Chat Board Lawsuits -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey S. Mitchell who wrote (1651)	6/14/2001 4:36:06 AM
From: rjm2	Respond to of 12465

In short..."we were a scam" ! lol

To: Jeffrey S. Mitchell who wrote (1651)	6/14/2001 11:50:40 AM
From: Jeffrey S. Mitchell	Read Replies (3) \| Respond to of 12465

Re: AZNT withdraws from Pink Sheets and Niphix; now auctions shares via its web site As some might recall, Amazon Natural Treasures began life on the OTC as AMZN before being asked to switch to AZNT when Amazon.com IPO'd. Some say it was a case of misidentity prior to the 5/15/97 AMZN IPO that caused AZNT stock to zoom from about .75 to a high of $3.875 per share on 4/8/97. It bounced around the rest of '97 but closed the year at around $3.50. Starting in '98, AZNT took a nosedive, hitting a low of about .15 on 7/15/98. CEO Michael Sylver contended in was the evil shorts but court documents show that Sylver himself negotiated a deal to sell 4M shares at .25 each, signed off on it, then tried to renege. Sylver sued several entities over this including the DTC. The DTC accused Sylver of perjury and presented digital recordings of their conversations as proof. While no such charges were actually brought against Sylver, the DTC won out and negotiated a deal to allow AZNT to take over full trading of its stock (Sylver was already acting as his own transfer agent having fired several TAs rather than allow them to honor what he contended was invalid 144 stock). At that point in time AZNT was on the pink sheets, having been delisted by the OTC because they attempted to file the exact same quarterly report (word for word) with two different dates on it just to say they met the filing deadline. Since '98, Sylver has tried every trick in the book to force a short squeeze. He has launched numerous lawsuits, become self-transfer, tried to cancel stock, refused to honor stock, gotten several gullible and dimwitted shareholders to do his bidding on chat boards, changed cusip numbers, urged shareholders to call in their certs, effected a 1:1.1 stock split... all to no avail. Worse, it appears that many people who sent in their shares never got new shares back in return! On March 1 of this year, the SEC charged AZNT with securities fraud but has yet to issue a trading halt. Sylver subsequently changed the ticker from AZNT to ANTD and signed on with Niphix.com. Although it was trading on the pinks for about .02, he tried to get Niphix to sell shares for about $50. Lacking audited financials, ANTD was eventually delisted (in yesterday's shareholder letter Sylver is contending breach of contract). Sylver also demanded his shares be taken off the pink sheets, which they were. Shareholders are now totally at his mercy. In the last few days (weeks?) Sylver began auctioning off shares on his web site. For example, "Seth" is trying to sell 13,000 shares at $198 each for a buyout price of $2,574,000.00! Yes, $198 a share! You just can't make up stuff better than this! amazon-treasures.com - Jeff