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

To: KCsunshine who wrote (5064)	9/13/1998 10:45:00 AM
From: Hawkmoon	Read Replies (2) \| Respond to of 26163

Whoa..KC... I'm not trying to be the moral conscience of AZNT. The company is claiming a short squeeze is in place due to their legal activities, now I want to analysis the merit of the company, the claims, and the squeeze. I presented a very cogent example of the vulnerabiliity AZNT shareholders may have for dilution and the selling of insider shares, either personally or through agents. You have no legal coverage from the company saying they won't do this. I'm just extremely curious why AZNT aren't requesting some language in a filing regarding the conversion rate and time-frame of the preferred. As for Edgar filings and shareholer security... it is known as disclosure. Without disclosure, you have no legal standard for which to hold the company accountable. Management has spent the past several years doling millions of shares out to themselves. Those shares are now worth close to 100 million bucks. Yet you show no concern about the conversion ratio or time-frame for this conversion?? Your distrustful nature most likely stems from the fact that you and your words are not worthy of trust. WHAT!!?? That's an amazing track of logic you're following. I can't be trusted since I do not trust? Guess you've never been burned by a company before. As for legal means, think about it this way. Insiders currently hold 144 stock if I understand correctly. If they rescind this 144 stock and issue preferred convertible theoretically they have now circumvented Rule 144 and the restrictions on the sale of 144, both in time and quantities per quarter. They now possess a different class of stock, normally convertible into common at a set exchange rate, or a "floorless" rate. I don't believe there are any restrictions on the sale of this stock after a conversion from preferred to common. Preferred shareholders may also find themselves holding "supervoting" stock, which could prevent common shareholders from ever holding a majority of voting stock. KC, you wanted my scenario, and there you have it. If you're not concerned that is your business. But I surely don't beleive that insiders who have been waiting for some opportunity to cash in some of their chips (don't blame them), wouldn't wish to preserve their wealth as well. I would appreciate any EVIDENCE that states where my scenario is screwed up and illegal. Regards, Ron