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


To: Spider Valdez who wrote (10393)11/2/1998 5:32:00 PM
From: Janice Shell  Read Replies (1) | Respond to of 26163
 
you make claim mann short 480,000 shares borrowed from titan investments. so you are person who claim andy mann was short at least 480k shares of AZNT at one time.

I am not only person who claim that. From the article in the Las Vegas Sun:

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.


Where's the mystery here? Sylver arranged to sell Mann 4 million shares at .25 a share when market value was between 1.25 and 1.50. Sylver claims that the idea was to do a private placement with Whitecliff and Shoreline. Reg-S, obviously: ever the CEO who looks out for his shareholders.

But the 480,000 shares that were lent are an entirely different matter. Why do you suppose they were borrowed from Gary Sylver and Titan Investments rather than from AZNT itself, lololololol?

And what do you mean by your original question? If Mann didn't short 'em, then why would he ever have been short, as you contend he was/is? What did he make on the transaction, and where did the proceeds go?

lolololololol <wink wink>!!