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


To: Sarab J. Jihad who wrote (6749)9/21/1998 1:55:00 PM
From: Rich_1  Read Replies (3) | Respond to of 26163
 
Jihad,
Wellrich is not a licensed broker/dealer, but may be functioning as such in violation of Section 15(a)(1) of the Securities Exchange act of 1934. Wellrich has not, or does not have the ability to ideminifyany company in the event the comp[any is sued as a result of Wellrich's actions. Wellrich does not have adequate financial resources to compensate any company in the event of a judgement. Wellrich recieves compensation predicated upon a percentage of the sales price of the stock that they solicit to people over the phone. This establishes that Wellrich is functioning as a broker/dealer. This is enough to indict and convict Wellrich of all charges. A letter containing this info has been sent to the SEC in Calif. and also to the Attorney General, telemarketing Division, State of Calif. Wellrich, you see, is a telemarketing boiler-room operation.

AZNT was notified of this via the Calif. Securities and Exchange Commission and IMMEDIATELY broke all ties with Wellrich. The people at Wellrich would have you believe that AZNT, Inc., is not a viable entity. Wellrich is coercing AZNT 144 shareholdes into selling their stock in order to help fill the illegal short position that was created in the AZNT market. Due to this, and other factors, the company has been forced to place an administrative stop transfer on ALL RESTRICTED SECURITIES UNTIL FURTHER NOTICE. NO STOCK WILL BE TRANSFERRED. Affadavits have been forwarded to shareholders who agreed to the two year hold to swear what Wellrich has been coercing them to sell their stock to cover a short position.
Jihad, whats the deal dude? I got this info at the gym today, so it can't be that hard to find.


Rich_1