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 (1183)8/24/1998 2:46:00 AM
From: Jeffrey S. Mitchell  Read Replies (1) | Respond to of 26163
 
Bmart, I see from the opening post that a VC company called Wellrich launched a phone campaign last June to sell blocks of AZNT at $1 which were restricted for one year. By July it was still active:

Of course, the price could be manipulated to its current level
just to get people to buy shares at $1. These shares are
restricted for 1 year. #reply-1737435


Well, here we are a year later and seems to me there are a lot of people out there itching to get rid of those shares they thought were a screaming bargain at a buck when retail was $2.75. You think maybe some of these people, make that a ton of these people, are going to dump when the price finally hits a buck? What happens to the short squeeze when that happens?

Wait, let me put that in laymen's terms: seems like a whole lot of airplane seats are about to open up. (g)

- Jeff