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

To: Jeffrey S. Mitchell who wrote (5392)	9/14/1998 4:02:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 26163

Thanks Jeff... Just sitting here watching the rally fade on the Dow... I think we'll see 6300 by the end of October. Anyway, that is interesting information. Those who did the research knows that the restriction time period for 144 stock was reduced in Spring 1997. Any restricted stock held that met the new requirements were permitted to trade after 1 year. But of course, the CEO is alledgedly supposed to review each and every trade of 144 stock, but probably is being lamblasted with threats of lawsuits by 144 holders if he attempts to prevent their selling. In fact, this whole short squeeze play may well have been an attempt to create buying pressure in the shares in order to accomodate the distribution of the maturing 144 stock. Who knows?? But what I still don't understand is what is in it for insiders who are supposedly canceling their 144 stock for preferred. I mean, are they just going to sit still on their new class of untradeable preferred stock without taking the opportunity to convert some of it?? Why issue yourself untradeable preferred stock, as Bmart and others claim the preferred is, instead of maintaining your ability to at least sell some of your insider held, now mature 144 stock, in accordance to Rule 144 selling regulations?? I just don't understand what management get out of this short squeeze except more illiquidity in their substantial holdings. That is unless there are no restrictions on converting preferred to common, and thus circumventing Rule 144 altogether. Oh well... one of these days it will make sense, I guess. Regards, Ron (Once more bracing myself for an onslaught of personal attacks unrelated to the AZNT corporate entity.)