Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: wonk who wrote (8252)	10/5/1998 6:55:00 PM
From: jhild	Read Replies (2) \| Respond to of 26163

No wonder the Transfer Agent wanted out. What a mess AZNT seems to be creating for itself. Not to mention the confusion they are creating. Short squeeze? Doesn't look like it. Rush to grab shares and jump in the Long boats? Doesn't look like that either. Looks like the nocturnals must scurry to find some shade in the harsh reality of the blinding light.

To: wonk who wrote (8252)	10/5/1998 6:55:00 PM
From: Janice Shell	Read Replies (1) \| Respond to of 26163

Funny, isn't it? The Rum and Tequila Boyz have disappeared? In a huddle? Wondering what to do next to keep this hopeless hype of a short squeeze alive? HelllOOOOO?????

To: wonk who wrote (8252)	10/5/1998 8:06:00 PM
From: Janice Shell	Read Replies (1) \| Respond to of 26163

In the interest of objectivity, here's the take of a lawyer friend. I asked him to comment on the court order without explaining any of the background, except to point out that Andy Mann and First Concord were the same thing. This is what he said: The business re: depositing the shares with the court is what's generally known as interpleader. Interpleader is a "device" which allows a third party, such as a bank acting as an escrow agent or, as in this case, a brokerage company holding shares in street name for an account holder, to "deposit" the assets with the court to let the court sort out what's going on and decide what to do with the shares or the money. The usual situation is when an escrow agent is holding funds that both sides are claiming belong to them and, rather than try to figure out who's right by itself, the escrow agent throws up its hands, interpleads the money with the court and asks the judge to figure it out. Not knowing what's going on, I would surmise that plaintiff tried to get a TRO on Friday on very short notice to stop Mann from trading and the parties settled before the hearing on the TRO. The case will not go away until the court decides on the merits in the interpleader action. The order here memorializes a settlement between the parties that basically says I won't trade so long as the company doesn't do anything that will screw me. It was drafted by the lawyers and signed by the judge, who was probably relieved that he didn't have to hear this thing Friday afternoon when he was planning to be on the golf course. Then, the "innocent" defendants (Oxford and Canaccord) will initiate an interpleader action and let the court decide how this should end up. So, as many of us guessed last week: nothing happened. The case still has to go to trial. If there ever actually is a trial. Do shareholders REALLY want Mikey to waste their money in these idiotic pursuits? And what's happened to the Stooges? Passed out on their tequila and rum? Poor babies. As the unlamented bmart would have said: Game Over.

To: wonk who wrote (8252)	10/5/1998 11:24:00 PM
From: s martin	Read Replies (2) \| Respond to of 26163

>>Paragraph two says that yes, AZNT cannot orchestrate a short squeeze by instructing "any stock depository or clearing house or system" that said shares are invalid. << Paragraph two says, the ball game's over as far as a short squeeze is concerned. It will be interesting to know what comes of all of this, in light of the attention AZNT has drawn to itself. Seems to me the FDA, SEC, IRS, FTC, DEA, PO and Customs could all have an interest here. Doesn't seem like it was a very smart move on Sylver's part. JMHO