SI
SI
discoversearch

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: bmart who wrote (290)8/20/1998 6:41:00 PM
From: Icabod  Read Replies (2) | Respond to of 26163
 
The most interesting day's of shorting are coming to an end. Yes, there was more shorting today and yes, the canadians are threatening to "BRING IN THE BIG BOYS", but I wonder what their plans will be when the stock is all pulled in by the shareholders(soon)and they are forced to deliver securities of AZNT when they don't have any. Here is how it will work. A new CUSIP # and symbol will be implemented. All shareholders will be required to get their shares of AZNT and physically deliver them to the transfer agent to get their new shares along with the stock dividend. When they can't get their shares from DTC, then DTC will require that the shorter's have three days to deliver the shares. If they are not delivered, then criminal charges will be filed against these people for FELONY GRAND THEFT. You see they sold a product and took the money and didn't deliver. This action is suggested by the SEC. However, they will be able to cover at the offer of the new stock. The offer of the new stock will be $10/share. All shares will then be reissued. Look's like they dug themselves a hole and are digging a deeper hole. I don't think these shorter's are very smart. If they drive the stock to .01, then they could possibly make .75 share, if everyone sold their stock. But , If they are wrong, they lose 9.75/share. Not a good gamble.