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

To: Just My Opinion who wrote (6801)	9/22/1998 12:55:00 PM
From: jhild	Respond to of 26163

Something else I remember was that they claimed they had been paid for what I think was the majority of the shares that they had placed with AZNT, something around one and a half million shares, but that they had only not been paid for a few of the sales they had made. So clearly the argument that there was no contract in the first place is unlikely to hold any water. If one unilaterally breaks a contract, usually the payment obligations survive. If there was a breach of contract, one could imagine that an arbitration might be required to successfully terminate the contract without incurring payment obligations. In any event, the details of the Arbitration meeting seemed likely accurate, though admittedly one-sided since it was coming from plaintiff's counsel. The contention by BMart that there was no such arbitration meeting or adverse ruling seems a little thin and overly technical at this point. If indeed Sylver and as I remember Qualey both attended a meeting then there is no dispute that there was an Arbitration hearing, their technical objection aside. It could well be that the adverse ruling is but a matter of time now. I think the events described were very unflattering as to Michael Sylver's conduct. (What a shame that Sylver's sycophant BMart isn't here to speciously spin this. I am sure he would fight it until the last confirmation of every detail. Looks like the Cavalary got out of town just in time. The fort is being over run.)