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

To: jhild who wrote (7145)	9/27/1998 9:39:00 PM
From: zonkie	Respond to of 26163

The way I read it is that aznt declared themselves exempt from this part of the 1934 law because they didn't plan on selling very many unregistered shares. I wonder how many they have sold by now. Haven't they said they have been selling them all along? Is there a certain limit or would this apply to their selling all those shares in the first place? >>>>It shall be unlawful for any broker, dealer, or exchange, directly or indirectly, to make use of the mails or any means or instrumentality of interstate commerce for the purpose of using any facility of an exchange within or subject to the jurisdiction of the United States to effect any transaction in a security, or to report any such transaction, unless such exchange 1) is registered as a national securities exchange under Section 6 of this title, or 2) is exempted from such registration upon application by the exchange because, in the opinion of the Commission, by reason of the limited volume of transactions effected on such exchange, it is not practicable and not necessary or appropriate in the public interest or for the protection of investors to require such registration.<<< zonkie...