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

To: Hogger who wrote (4000)	9/6/1998 10:33:00 PM
From: s martin	Read Replies (2) \| Respond to of 26163

Hogger I don't have the documents and don't expect to have them as Jeff is one dealing with that. I do have some "notes" from someone who has experience with arbitration matters and writes in response to the following post by Pugs. <<Mr. Mitchell informs us they won an "arbitration hearing" friday against AZNT. There is no record of such, only a booking of a conference room by two "arbitrators" not licensed to practice in Nevada, from Wellrich who cold-called the company for a meeting. They then put on the most delightful performance, Academy Award caliber! Ms. Shell is "procuring" and "scanning" the "document". That was friday evening. Though Ms. Shell reported this arbitration hearing to be thursday, and Mr. Mitchell reported it was friday. There are no records of such on either day in Las Vegas. >> "Of course, it doesn't surprise me that bmart's post doesn't make sense. But two particular points are: 1) There is no such thing as licensing for arbitrators. Pugs himself could be an arbitrator in virtually any forum with no licensing whatsoever. All he needs is to meet the requirements of the forum (AAA, NASD, whatever). For a private arbitration, all that has to happen is for the parties to agree to use him as an arbitrator. I had read his previous post as a flack about whether the attorneys representing parties were licensed in NV. Most states don't even require that a person representing parties in arbitration be an attorney; some do. Only California requires that an attorney representing a party in arbitration be licensed in California. But now he's talking about the arbitrators being licensed, which is another thing altogether. 2) It would be impossible to determine that, just because one couldn't locate the site of a purported arbitration, the arbitration didn't take place. Arbitrations can take place in the offices of the forum (AAA, for example), in hotels, in conference rooms of the parties, or in conference rooms rented or borrowed for the occasion. " BTW I am not particularly interested in all the details of the Wellrich deal because I think there are more fascinating issues, but the question remains, if AZNT didn't hire Wellrich because they weren't broker dealers, why were they giving them stocK, was that just for giggles ?