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

To: Dean Dumont who wrote (6441)	9/19/1998 10:32:00 PM
From: Hawkmoon	Respond to of 26163

Interesting Dean.... It would be nice to see all of this written into the financials and submitted for all to review, shareholders as well as the rest of us. I think you realize that something is not quite right here. I hope you would also agree that the company's management has failed miserably with regard to their fiduciary duties. AZNT is lacking financials that would: 1. Discuss the specific of rescinding insider common for preferred. 2. The current financial status of the company and the whereabouts of the proceeds from the private placement. 3. The amount of revenue and profit they have netted thus far from the sale of product. 4. The total number of outstanding shares, shares that increased by some 25 million between 1996-97. And I'm sure I have missed something, but that's a good start. Regards, Ron

To: Dean Dumont who wrote (6441)	9/20/1998 12:49:00 AM
From: wonk	Read Replies (1) \| Respond to of 26163

bgtit: Also, if I bring a motion to the board of directors that we should all take our common stock and convert it to preferred then the board agrees then hell, that means less shares in one year. What is the conversion price on the shares, 610,000 shares becomes 610,000 common shares at what price with what type of dividend, since preferred usually carries a dividend with it? #reply-5794150 No offense intended, but are you being deliberately obtuse? It is true that those who control the majority of the stock, control the board and management. If they choose to run the company as their private piggy bank they can do so to the detriment of the minority shareholders. They can pay themselves outrageous and undeserved salaries, have the company pick up their expenses, sell the company's assets to themselves (at least in Nevada) at firesale prices, grant themselves stock options, etc. However, they CANNOT change the underlying legal rights associated with a share of common stock based upon who owns it. To be absolutely clear, if insiders hold the same class of stock that non-insiders hold, and the insiders wish to convert their shares to some other instrument, then ALL shareholders of that class either must convert or at least be given the option to convert. The conversion of insider shares to preferred stock is critical to the plan to "cleanse" the market, yet the plan is illegitimate on its face since only "insiders" are supposedly able to convert. Considering the fact that you are advising or have advised the company, I am surprised that you have not informed them that one of the primary pillars of their strategy to eliminate the "short sellers" could bring forth a class action lawsuit by minority shareholders against management, the Board, and its advisors -- a suit with high probability of success. Of course, whether there will be any funds to pay damages is another issue. ww

To: Dean Dumont who wrote (6441)	9/20/1998 8:40:00 AM
From: tonto	Read Replies (1) \| Respond to of 26163

thanks for clearing this up. Strange that bmart, an accountant is so loose with numbers. The personality profile does not fit, nor would one expect it professionally. According to the court order 4,480,000 shares has to be returned. So lets clear up this issue that it has to be bought. It has to be returned. The short fall is somewhere around 2,500,000. I have asked repeatedly about the 4,400,000 shares that bmart has posted must be bought. It made absolutely no sense.