To: Dean Dumont who wrote (6380 ) 9/20/1998 8:11:00 AM From: tonto Respond to of 26163
bgtit, the only official corporate statement that I have been able to obtain to date is the following public release over the wires:Friday September 11, 2:16 pm Eastern Time Company Press Release Amazon Natural Treasures Obtains Restraining Order From U.S. District Court/District of Nevada Including theImmediate Return of 4,480,000 Free Trading Shares to Company's Transfer Agent LAS VEGAS--(BUSINESS WIRE)--Sept. 11, 1998--Amazon Natural Treasures, Inc. (OTC:BB AZNT) today announced that the United States District Court for the District of Nevada today ordered that Defendants, Joseph Andy Mann, First Concorde Securities, Whitecliffe Investment Fund Ltd., Shoreline Securities Ltd., Canaccord Capital Corp., Citibank, and JB Oxford are enjoined from trading, selling, transferring, assigning or otherwise hypothecating any or all of the 4,000,000 shares of stock in their, or their agents possession and that the 4,000,000 shares be immediately returned to the Company's transfer agent, TranSecurities International. The Court also ordered that the same defendants are enjoined from trading, selling, transferring, assigning or otherwise hypothecating any or all of the borrowed 480,000 shares and that the shares be immediately returned to the Company's transfer agent, TranSecurities International. Michael Sylver, President, commented, ''The long and arduous journey we have taken to prevent illegal transfer and shorting of stock has been brought to an end by the judicious actions of the Court. The Company will now, as promised, begin the process of reissuing shares with a five percent dividend. We are most grateful to the shareholders who understand the Company's great prospects for the future. It was with our shareholders in mind for whom we took action to prevent the rampant shorting, effecting both Bulletin Board and NASDAQ companies, from precluding our growth. Amazon is well-positioned to achieve its strategic objectives and can now focus all energy on the future of our business.'' Bmart has Pugs have posted that it was not a Temporary Restraining Order issued but the majority fully disagree. We know via previous posts the legal procedures in the step by step process and know that another hearing is scheduled September 30th. Michael Sylver, President, commented, ''The long and arduous journey we have taken to prevent illegal transfer and shorting of stock has been brought to an end by the judicious actions of the Court. BROUGHT TO AN END. Done, completed, finito,...no more to do...Curious as to why there are further proceedings since the President has advised it is done, yet posters continue to post about additional naked shorting occuring since the ruling. Immediate is the term used on September 11th, 1998. Everyone has been served. No where does it imply that they have until the 30th to comply with the ruling. Do you believe the release was poorly worded and the investing public would have been better served if they had clarified the additional dates and deadlines and not used just the term immediate? Has anyone called the transfer agent to see how many shares have been immediately returned per the ruling? That would be helpful knowledge for investors and those interested in the squeeze alike.