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


To: Cavalry who wrote (2656)8/30/1998 12:20:00 AM
From: Jeffrey S. Mitchell  Read Replies (5) | Respond to of 26163
 
Cavalry, let's make an assumption that JB Oxford actually has been ordered to fork over on Monday the 4 million shares Andy Mann cleared through them. And let's assume the best case scenario for JBOX that they "only" have to buy back 1 million because the rest are still recoverable from various accounts. Finally, let's assume the average price they will have to pay retail is "only" $3.

We know the original value for those shares was .25 (Mann was supposed to raise $1M with those 4M shares), so that means JBOX is essentially paying a 12x premium for those $3M worth of shares. That's steep. I think it's also safe to assume they aren't happy about having to do that.

OK, so what to do? If it were me, I'd file an appeal. Like Microsoft did, I might try to challenge the judge who signed the order. I'd do whatever it took to stall. I think we all know that it's not too hard to drag things out in the American legal system.

Once I've stalled, I'd sue Andy Mann and I'd sue AZNT. Why AZNT? Because in America you sue everyone... just in case. For example, if I fall in front of a store in the mall, I sue the store, the mall, the service company that didn't clean up the spill I slipped on in a timely matter, etc.

Next, I do whatever it takes to get the share price down. Perhaps the lawsuit will scare enough people to sell. Perhaps I get some friends in Canada to short the stock down. Perhaps I just do nothing and hope the company just dies on its own, like 9 of 10 BB companies do. But, by then, I hope AZNT decides to settle out of court just to avoid court costs and just to get rid of the negative stigma a lawsuit gives a young company.

Yes, it's the weekend and, yes, we'll supposedly know first thing on Monday whether there will or will not be a short squeeze. As investors, that's what many here have invested in this company for: a quick buck on ostensibly a sure thing.

So, my question to you is: if we don't see a short squeeze on Monday, is it time to bail? Do we wait days, months, or in the case of RMIL, forever? Remember, even the best laid plans of mice and men oft times go astray...

- Jeff