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


To: RBM who wrote (4569)9/10/1998 1:02:00 PM
From: Jeffrey S. Mitchell  Read Replies (1) | Respond to of 26163
 
Didn't you say those shares were going to hit the market Monday?

That's a good question. I was told by AZNT's TA that AZNT has ordered them not just to pass on restricted share trades, but all trades. That means Mike Sylver decides what transactions go through and what don't.

I'm told there are three steps necessary to get 144 shares cashed in. I wrote them down somewhere and can't find them but, regardless, that doesn't mean the recipient, i.e. AZNT, will honor them. If they reject the shares, you then have to file an adverse claim. Then the company in question has 30 days to get a court order preventing those shares from going through or has to post bond to cover the value of those shares. If the company does nothing then the TA by law has to honor those shares.

No, I have no idea if AZNT is playing that sort of game right now, but it does give one pause to think they might be.

- Jeff



To: RBM who wrote (4569)9/10/1998 2:24:00 PM
From: bmart  Read Replies (3) | Respond to of 26163
 
The Company will retire all of the principals common Stock
(53,149,113 shares) in exchange for preferred stock.

The Company will take steps to officially cancel 4,224,000
shares of restricted Rule 144 Legend stock.

The Company will officially cancel 440,000 free trading shares
that are in the DTC.

The Company will have 4,000,000 shares removed from the DTC.

As a result of the above, the total amount of restricted Rule 144
Legend stock will be 8,904,244 shares. The total amount of stock in
the DTC will be 1,356,730 shares.

The second of these strategic events is as follows:

The Company will cancel all stock and re-issue all stock under a
new Cusip Number and trading symbol.

The Company will declare a stock dividend to be enacted upon the
transference of the stockholders certificate from the old
Cusip number to the "new" Cusip number. Amazon Natural
Treasures, Inc. will offer a stock dividend in the amount of
5%.

As a result of the above, the free trading float along with the
Rule 144 Legend stock will be cleaned up to the point where only
legitimate certificates will be transferred and the dividend enacted.
Secondly, when all the free trading stock leaves the DTC, the
stockbrokers that are short due to the illegal selling of stock in
which they did not have possession of will be forced to go to the
market and buy back all their shorts only to find that once the
legitimate stock owners remove all of their stock from the DTC in
order to:

a) be able to trade their stock under the new Cusip Number and
Symbol Letters

b) to take advantage of stock dividends

the shorters will find themselves in a most precarious situation
for what are they going to do when the brokers who purchased their
short sells request physical delivery of the certificates. For you
see, the shorting brokers do not have the stock. Therefore, they must
go back to the market to buy back their shorts only to find that there
will be no stock available in the time allowed by law for the shorting
brokers to deliver real certificates to the requesting brokers.

******All legitimate stockholders of record will be notified via US Mail as to
the date that the second strategic critical event will take place.*****

RB