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


To: Rico Staris who wrote (7238)9/28/1998 5:52:00 PM
From: Hogger  Read Replies (1) | Respond to of 26163
 
Greetings,

<<<WHO KNOWS WHAT THE FEDERAL COURT WILL DO.>>>

This is probably the most factual statement ever posted on this thread. Federal Judges have been known to do the strangest things. However, it appears that the instant situation would dictate that the judge hold someone in contempt, at the least. Of course, the judge might be feeling benevolent and grant a motion for an extension of time ... especially if he is apprised that forces are at work to drive the stock price down lower so that those who must cover are able to do so at a lower expense to themselves. When the judge understands that every decrease in price of ten cents will result in a cost reduction of $448,000.00 it could touch his heart and an extension would be granted, or maybe he would just decide that the poor folks who must cover/return have made an honest effort at getting the price driven down to where they will be able to save money and he'd allow a cash transfer of ... oh, say ... $500.00 and would forget the whole affair.

Then there is the Tooth Fairie, Santa Clause and the honest basher slasher burner and honest pumper dumper hypster.

RAdm. Hogger



To: Rico Staris who wrote (7238)9/28/1998 7:14:00 PM
From: Janice Shell  Read Replies (2) | Respond to of 26163
 
They have a hearing on the 30th and the court will find out if they, the one's mentioned in the lawsuit or order, was able to fulfill the COURT ORDERS.

As I understand it--but of course I may be wrong; the relevant press release was regrettably unclear on this point--the defendants in the AZNT lawsuit were simply enjoined from trading in the stock until the 30th. A further decision will be taken by the court at that time.

I'd guess this is the correct interpretation, given that--despite bmart's howls that they had to "cover immediately" (even though not all are short)--nothing whatsoever has happened.

(Sure you went to Stanford. Isn't basic English a requirement anymore?)