SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Amazon Natural (AZNT) -- Ignore unavailable to you. Want to Upgrade?


To: CatLady who wrote (8041)10/3/1998 11:33:00 PM
From: wonk  Read Replies (2) | Respond to of 26163
 
CatLady:

...After that last letter to shareholders, "send in your certs so they're in limbo for months and you can't sell when the price starts plummeting." LOL! First Icky, now this joke. This is all just too, too , funny to be real.

Going back to the 3rd quarter 10Q for 1997, sometime in that quarter AZNT sold 22 million shares of stock for additional paid in capital of $836 thousand.

sec.gov
sec.gov

(Note: you have to track the changes in the share count and additional paid in capital by comparing the the 2nd and 3rd quarter filings since it is not discussed in the body of the 3rd quarter filing - contrary (am I surprised) to the rules.)

From what I've been able to gather, that placement preceded all the subsequent alleged illegalities ad infinitum, ad nauseum.

These 22 million shares are now unrestricted as of last Thursday assuming of course they were resticted at all. Is it a stretch to hypothesize that maybe whoever got those shares wants to sell them now and that the foregoing plan is the company's attempt to insure that the only selling in the market is from the angel(s) who made the investment last year? Again, just a hypothesis.

ww