To: Cavalry who wrote (1102 ) 10/15/1998 2:50:00 PM From: Janice Shell Respond to of 1637
janice dont forget you promised that 700k shares of aznt was about to become free trading... Huh? I never said any such thing. Wireless Wonk said that restriction had just expired on 22 million shares; see his post below. BUT--despite what Spidey said the other day--as far as I know the DTC freeze is still in effect. In addition to that, my understanding is that Mike Sylver refuses to release any 144 shares, whether the restrictions have expired or not. That's how he came to lose several transfer agents this year. Since he's now--without, as of last week, having filed to do wo with the SEC--acting as his own transfer agent, well, good luck to anyone who wants to sell formerly restricted stock. The post by Wireless:To: CatLady (8041 ) From: wireless_wonk Saturday, Oct 3 1998 11:33PM ET Reply # of 8051 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