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

To: Ellen who wrote (5521)	9/15/1998 11:14:00 AM
From: Just My Opinion	Read Replies (1) \| Respond to of 26163

Ellen: If you look at the Yahoo quote, then clck on "insiders", you will see that they have registered I think about 200,000 shares to sell. Assuming that they can sell them all at once, that would still leave them far short of the number needed, if this scenario is true.

To: Ellen who wrote (5521)	9/15/1998 11:19:00 AM
From: bmart	Read Replies (1) \| Respond to of 26163

Ms. Ellen, And as a caveat. If the 144 shareholders filed with the SEC to sell. They can only sell in 10% increments and on upticks. Also, the restraining order calls for over 4.4MM shares to be bought in the open market and returned to the TA. The 144's are a non-issue. Secondly, after the shares have been purchased, the freeze will be lifted at the DTC. Shares will be called into name. Approx. 1.5MM shares are in safe & friendly hands. They will be called into name immediately. Then you will see a squeeze as the need for paper becomes critical, since the market has been made naked since the DTC freeze on AZNT. RB

To: Ellen who wrote (5521)	9/15/1998 11:30:00 AM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 26163

How many shares could management sell pursuant to Rule 144? Management is not the issue. As the opening post on this thread implies, AZNT did a Reg D offering which means individuals were offered shares for far below market price if they agreed to hold them for what we now know is one year. That one year is up and thus those shares are no longer restricted. Just how many shares can be dumped is not known. But, let's just look at a single scenario. A Reg D 504 offering allows companies to raise 1 million dollars, not shares. If those shares were sold at no more than a buck, as was the case with WellRich's clients, then that means at least 1 million shares are now able to be dumped. Add in a 505 offering where the limit is (I think) 3 million dollars, you can see that there may indeed be a total of 4 million shares out there. But, again, until an up-to-date 10K is released, there is no way of knowing for sure. And, again, that does not include shares that true insiders hold. - Jeff