Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: wonk who wrote (6489)	9/20/1998 9:36:00 AM
From: Hawkmoon	Respond to of 26163

WW, Your logic seems irrefutable. And while I was grousing about how I felt insiders might be attempting to circumvent 144 selling restrictions by exchanging their common for preferred stock (to later convert it at unknown ratios into the new common), I hadn't thought about the legalities of granting themselves rights that other common holders wouldn't share. However, since AZNT apparently is calling all of its old stock to exchange for new, I'm wondering if their some legal loophole that could be exercized that would circumvent the above problems. Any former (or current SEC) attorneys out there perusing this thread care to pipe in and help out on this?? Regards, Ron