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


To: Cavalry who wrote (4984)9/12/1998 11:21:00 PM
From: s martin  Read Replies (1) | Respond to of 26163
 
>> if i call in my certs in name form
can i still sell up until the actual certs are delivered or is this position in my brokereage account frozen from the moment i request the certs, i will call both dlj and smith barney monday for answers so tell me the truth or say you don't know. <<

I don't know for sure, if you have them in your possession you can sell and you have 3 days to deliver them. I'm not sure how your brokerage would handle a sale if they are in transition. I will tell you that it did no good for the RMILians to order their certs as the stock was halted and not everyone particpated by calling for their certs. I think your problem is the company management, not shorters. IMO, it would be a total waste of your time and your energy to order certs.



To: Cavalry who wrote (4984)9/13/1998 12:49:00 AM
From: Jeffrey S. Mitchell  Read Replies (2) | Respond to of 26163
 
the squeeze is in my opinion not going to be triggered by a court order forcing shorts to cover...when people have to call in certs for 5% dividend this will trigger the covering if the mm's are actually oversold.

The problem here is that AZNT themselves sold stock a little more than a year ago that had a one year restriction, so good luck keeping that stuff from hitting the market now. As you've seen by looking at the 144s filed, those people are not insiders, they are people who participated in various offerings. Did you know that AZNT hired yet another venture capital firm after WellRich to bring in buyers for them? You're looking at a potential parade of sellers.

Yeah, sure, Sylver has asked for and been granted the right to review all 144 sales, but I seriously doubt he will just refuse to honor every single one that comes through. Besides, that would only last for 30 days unless he got a court order nullifying the sale for each and every person that filed an adverse claim because of his actions.

- Jeff