To: Jeffrey S. Mitchell who wrote (6847 ) 9/23/1998 10:38:00 PM From: Rico Staris Read Replies (5) | Respond to of 26163
We're holders of 144 shares and thought other shareholders might like to see the letter we got from the company since I already seen it quoted here already, somethings not kosher with Wellrich and the calls were just out of line! Sept.15, 1998 To our Valued Stockholders: As per my letter dated July 22, 1998, we have obtained a Federal Court Order for the return of 4,480,000 shares of illegally issued stock. We also had stated that the company would indeed succeed and be triumphant over the unscrupulous stockbrokers who continue to short our stock. This indeed a true fact. I am very disappointed in the fact that those of you who have been contacted by Wellrich have not complied with my letter of May 21, 1998. Please be advised that Wellrich is not a licensed broker/dealer, but may be functioning as asuch in violation of Section 15(a)(1) of the Securities Exchange Act of 1934 ( the "Exchange Act")/ See Polannin, John, Jr., "Finder's Exception From Federal Broker-Dealer Registrationm" CATHOLIC UNIVERSITY LAW REVIEW, Vol.40, summer1991, November 4. Wellrich has not or does not have the ability to indemnify any company in the event that the company 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 phone sales price of the stock that they SOLICIT to people over the phone. This establishes that Wellrich is functioning as a broker/dealer. See SIDNEY MARKS, SEC NO-Action letter. 1977 No-Act LEXIS 2057 (July 7, 1977): John DIMENO, SEC No-Action letter, 1078 No-Action, LEXIS 2188 (Oct.11, 1978); and RICHARD S. APPEL, SEC No-Action Letter, 1983 No-Act. LEXIS 2035 (Jan. 13,1983). All of the issues raised by this letter are enough to indite and convict Wellrich of all charges. A letter containing this information has been sent to the Securities and Exchange Commission in California and also to the Office of the Attorney general, Telemarketing Division, State of California. For you see, Wellrich has become a telemarketing boiler room operation. We were notified of this fact via communication with the California Securities and Exchange Commission and immediately broke all ties with Wellrich. The people at Wellrich would have you believe that Amazon Natural Treasures, Inc. is not viable entity. They will coerce you into selling your stock in order to help fill the illegal short position that has been reated in our stock. 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. Do not, I repeat, do not send your restricted stock to the Transfer Agent for transfer. It will be returned to you. Do not listen to Wellrich. They cannot say to you that they will have the restriction lifted on your stock. In your enclosed Affadavit please tell the Court what Wellrich said to you during your telephone conversation. With your Affadavit justice will be served! According to the authorities with your help, Wellrich will no longer be a thorn in your side with these annoying telephone calls. Once again, I thank you for your continued support. Sincerely yours, AMAZON NATURAL TREASURES, INC. Michael A. Sylver President