To: Mr. Forthright who wrote (9259 ) 10/23/1998 2:49:00 PM From: tonto Read Replies (1) | Respond to of 26163
On the front of certificates I hold in other companies, there is one common phrase written on the front of each certificate, Fully Paid and Non-Assessable Common Shares as in the following, This certifies that __________ is the owner of *xxxxx* Fully Paid and Non-Assessable Common Shares. Then the signatures of the secretary on one side, and the CEO on the other bottom side which makes it valid along with the countersignature of the Transfer Agent. Are the certificates different for AZNT or do they also say fully paid? If so, why would a business release certificates that say they are fully paid, when they were not? Why would they "lend" fully paid certificates? Does this make any business sense to anyone?<<Sylver claims the company was tricked into sending 4.48 million shares to Joseph Andy Mann, managing director of First Concorde Securities Ltd., a brokerage with offices in Nevis, West Indies, and Cancun, Mexico. In a complaint filed in U.S. District Court last month, Amazon says it agreed in March to sell two First Concorde clients -- Whitecliffe Investment Fund Ltd. and Shoreline Securities Ltd., both also of Cancun -- 4 million shares for $1 million. Amazon sent the shares, along with 480,000 shares Mann asked to borrow, to Whitecliffe and Shoreline, but the money was never paid, Sylver says.>> Have you heard about Seagram selling PolyGram's movie library to MGM for $250 million? Sources said that Seagram gave title to the library to MGM and are now crossing their fingers MGM will send the money. Have you ever heard of the word "closing"? Did AZNT really send the shares to Mann without having received consideration for them? Scary, very scary.