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


To: wonk who wrote (760)8/22/1998 8:04:00 PM
From: CatLady  Respond to of 26163
 
from a recent AZNT press release -

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.

Can anyone explain to me how taking physical delivery of certificates will in any way expedite the future share exchange? Seems like just the opposite to me. I.e. request goes to transfer agent to issue certificates. Certs sent to shareholder. Date for exchange set. Shareholder send certs back to the transfer agent. New certs sent to shareholder. How does that step of requesting certs "ensure that no delays will be incurred by shareholders"?

Nor do I see how that step will aid in producing the squeeze, given that the share exchange itself will in theory flush out the alleged illegal naked shorts.



To: wonk who wrote (760)8/22/1998 9:51:00 PM
From: Don Pueblo  Read Replies (2) | Respond to of 26163
 
At least he is talking to you. I can't get him to explain to me how a broker "illegally" shorts a stock. Ever heard of that? Or for that matter, how the price of the stock is influenced in any way by short sellers. Or how this new stock will be exchanged 1 for 1 for the "old" stock but the new stock has a value 10X the old stock. Or where the Felony Grand Theft comes in. Or if he is being compensated for bringing all the news. The short selling cars metaphor was amusing, at least he got the general idea right. He missed the borrowing the cars from another dealer because it's the real world and there have to be some real cars part, but I won't quibble about it.

I do see that Catlady posted a Press Release where the company has called for shareholders to take delivery of their certificates, (thus ensuring relative illiquidity of same while the insiders...nah, never mind) due to some plan to screw the alleged short sellers (even though the stock price is not determined by short sellers).

It looks like these people don't get it. Well, what can you do? I guess we could tell them that maybe their money is already...nah, why bother. They wouldn't believe it.