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

To: Spider Valdez who wrote (7908)	10/2/1998 3:10:00 PM
From: Hogger	Read Replies (1) \| Respond to of 26163

Oh, I agree with most of your post ... however, folks who have been following the disinformation campaign will be very confused because they don't have the foggiest notion about what is REALLY going on here. In their zeal to bash aznt, the FBN BSB'ers have failed to include complete factual points that are among the ones being addressed in court (probably as we speak) so folks who have given their posts credibility will now be wondering 'what happened?' Gotta run some errands ... will check with you when I get back. Hogger

To: Spider Valdez who wrote (7908)	10/2/1998 3:20:00 PM
From: Sarab J. Jihad	Read Replies (1) \| Respond to of 26163

Spider, we appreciate your short and to the point information on who's covering what, where and how. Let me remind you. WellRich is not covering a short positin in no way shape or form. Do we need to go further with your libelous remarks? JJ

To: Spider Valdez who wrote (7908)	10/2/1998 3:37:00 PM
From: zonkie	Read Replies (1) \| Respond to of 26163

Washington, DC, May 20, 1998--The Securities and Exchange Commission today proposed a rule change that would help reduce microcap securities fraud. The measure, which amends Rule 504 of Regulation D, would require that all securities issued under Rule 504 be "restricted securities" and could only be resold after meeting certain criteria. "The Commission has taken another important step to address microcap fraud," said SEC Chairman Arthur Levitt. "This measure strikes a balance between the need to combat microcap fraud and the needs of small businesses to raise seed capital in an efficient manner. Today's rule change is another step on the way to our goal of shutting down the pump and dump boiler rooms that prey on small investors. At the same time, it will help protect the integrity of the capital formation process." Currently, Rule 504 provides an exemption from Securities Act registration (e.g. extensive disclosure, including audited financial statements and other details) when small businesses make securities offerings that do not exceed an aggregate annual amount of $1 million. Further, Rule 504 allows stock purchasers to receive securities that are not "restricted." (As defined under Rule 144, a restricted security can only be freely traded in the public markets if it meets certain conditions, including that it be held for a certain period of time, typically at least one year.) Purchasers of Rule 504 stock may resell their securities without registration or other sales limits. Fraudsters take advantage of Rule 504 in a variety of ways. It has allowed them to acquire large quantities of cheap unregistered stock, artificially pump up the share price through false statements and other manipulative activity, and then sell the stock at a great profit. Today's proposal would help put an end to pump and dump schemes by reclassifying all securities issued under Rule 504 as "restricted securities." As such, these securities could only be resold after a one-year holding period, through registration, or through another exemption. # # #