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

To: Cavalry who wrote (4905)	9/12/1998 3:30:00 PM
From: jhild	Read Replies (1) \| Respond to of 26163

Unfortunately the Nevada State Site is down at the moment or I would have provided you with a link to the advantages to being a Nevada Corporation. There are many, at least if you are the controlling owners of the stock. When it is back up I suggest that you look at the Secretary of State's page there as they tout the many advantages. As I recall shareholder approval is not required for most things. The Board of Directors has a great deal of latitude. Including no liability for their actions I believe. One thing I think I recall is that the company can buy and sell shares with no problem.

To: Cavalry who wrote (4905)	9/12/1998 9:00:00 PM
From: jhild	Read Replies (1) \| Respond to of 26163

Cav, here is the info from the Nevada site that is now up. I highlighted the answer to your question, which is that yes, AZNT can issue more shares without shareholder approval.: sos.state.nv.us No Corporate Income Tax No Taxes on Corporate Shares No Franchise Tax No Personal Income Tax No I.R.S. Information Sharing Agreement Nominal Annual Fees Minimal Reporting and Disclosure Requirements Stockholders are not Public Record Additional Advantages Stockholders, directors and officers need not live or hold meetings in Nevada, or even be U.S. Citizens. Directors need not be Stockholders Officers and directors of a Nevada corporation can be protected from personal liability for lawful acts of the corporation. Nevada corporations may purchase, hold, sell or transfer shares of its own stock. Nevada corporations may issue stock for capital, services, personal property, or real estate, including leases and options. The directors may determine the value of any of these transactions, and their decision is final.

To: Cavalry who wrote (4905)	9/13/1998 12:38:00 AM
From: Hawkmoon	Respond to of 26163

Cavalry, I believe this to be true, you you would have to talk to the Nevada Corporate commission for clarification. I strongly suggest you do a websearch for "Nevada Corporations" and take a look. I did this and came up with some interesting links. Nevada's liberal regulations and secrecy laws are certainly reasons that I scrutinize Nevada Corporations far more intensely. Also review filings for WADE, Wade Cook's publicly trade Nevada corporation (I haven't done so yet, but it may provide some comparisons). Here are a few sample links I found: webworldinc.com lectlaw.com bizopp.com avlimited.com wadecook.com Hope this helps... Regards, Ron