To: Cliff Daniel who wrote (2202 ) 8/7/1998 11:59:00 AM From: ColleenB Read Replies (4) | Respond to of 4814
Quite the contrary, this enables a company that has been abused by undeclared shorting to rid itself of results of the abusive practice and for shareholders to maintain the value of their investment. In a time when small investors are being harmed by groups which act strategically in concert to manipulate the price of stocks down, it serves as a template on how to combat the abusive practice of undeclared shorting by brokerage firms and those that represent them in forums such as this. I found the following articles very interesting.....and seems that this is the same course that Danny is planning on taking. We have yet to hear from the company on this issue. so sorry, -----Tuesday June 16, 12:56 pm Eastern Time Company Press Release"AZNT" Announces the Second Measure of Critical Strategic Events to Increase Stockholders Value! LAS VEGAS--(BUSINESS WIRE)--June 16, 1998--If you recall in our Press Release dated June 9, 1998, Amazon Natural Treasures, Inc. (OTCBB:AZNT - news) implemented the first of these strategic events which were as follows: The Company will retire all of the principals common Stock (53,149,113 shares) in exchange for preferred stock. The Company will take steps to officially cancel 4,224,000 shares of restricted Rule 144 Legend stock. The Company will officially cancel 440,000 free trading shares that are in the DTC. The Company will have 4,000,000 shares removed from the DTC. As a result of the above, the total amount of restricted Rule 144 Legend stock will be 8,904,244 shares. The total amount of stock in the DTC will be 1,356,730 shares. The second of these strategic events is as follows:The Company will cancel all stock and re-issue all stock under a new Cusip Number and trading symbol. The Company will declare a stock dividend to be enacted upon the transference of the stockholders certificate from the old Cusip number to the "new" Cusip number. Amazon Natural Treasures, Inc. will offer a stock dividend in the amount of 5%. As a result of the above, the free trading float along with the Rule 144 Legend stock will be cleaned up to the point where only legitimate certificates will be transferred and the dividend enacted. Secondly, when all the free trading stock leaves the DTC, the stockbrokers that are short due to the illegal selling of stock in which they did not have possession of will be forced to go to the market and buy back all their shorts only to find that once the legitimate stock owners remove all of their stock from the DTC in order to: a) be able to trade their stock under the new Cusip Number and Symbol Letters b) to take advantage of stock dividendsthe shorters will find themselves in a most precarious situation for what are they going to do when the brokers who purchased their short sells request physical delivery of the certificates. For you see, the shorting brokers do not have the stock. Therefore, they must go back to the market to buy back their shorts only to find that there will be no stock available in the time allowed by law for the shorting brokers to deliver real certificates to the requesting brokers. All legitimate stockholders of record will be notified via US Mail as to the date that the second strategic critical event will take place. Amazon Natural Treasures, Inc. strongly believes that the implementation of the above will have a very positive effect on reversing the damage caused by these unscrupulous shorting stockbrokers. Amazon Natural Treasures, Inc. will keep all stockholders apprised of all future critical strategic events in this series. ----- ------Tuesday June 30, 9:15 am Eastern Time Company Press ReleaseAmazon Natural Treasures Announces the Third Measure of Critical Strategic Events to Increase Stockholders Value LAS VEGAS--(BUSINESS WIRE)--June 30, 1998--Amazon Natural Treasures, Inc. (OTC/BB:AZNT) today requested that all shareholders of free trading stock immediately contact their broker(s) and request physical delivery of their shares certificate(s). This request is being made to ensure that no delays will be incurred by shareholders when the time comes to deliver their certificates to the transfer agent to be exchanged for the new certificates. The new certificates will be issued with the 5% stock dividend, will have a new cusip number and will trade under a new ticker symbol (ANTI has been proposed). Michael A. Sylver, President, said ''The long term appreciation of the value of our stock and to reward our loyal shareholder base is of the utmost importance to management. It is with this in mind, and on the advise of our securities counsel, that the Company is taking every measure possible to protect the interests of our existing shareholders and to keep the Company attractive to new investors.'' --------