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

To: zonkie who wrote (15568)	1/9/1999 9:05:00 AM
From: Janice Shell	Read Replies (1) \| Respond to of 26163

This is a very real problem. Not because of the DTC freeze, as Spidey would have us believe, but because Mikey's acting as his own transfer agent. He simply refuses to sign off on the stock in question, using the DTC as an excuse. This appears to be a very deliberate "strategy", and it most certainly does not work to the advantage of shareholders. Probably steps can be taken to force him to release the stock in question, but that'll require some time, appeals to the SEC and perhaps litigation. He's making it easier for himself not to issue certs because he hasn't filed with the SEC to be self-transfer, but in this case no new certificates need be issued. All that would normally be required is that the shareholders who wish to sell file 144 registrations, and that Mikey sign off on that paperwork. Extremly bad behavior on Mikey's part, in my view.

To: zonkie who wrote (15568)	1/9/1999 9:37:00 AM
From: tonto	Respond to of 26163

After the restriction period expires, every one of those small shareholders has the right to continue to hold or to sell their shares. That decision should be their's. That right must be supported, no matter what anyone's opinion is of a company. Does anyone disagree with that viewpoint. If so, why? To me it looks like anyone that is not able to sell their shares on a moments notice (or even a day or two's) could be left holding the bag when you know who and you what hits the fan. If I owned any I would be very sure that I could sell any time I wanted or I would be asking the authorities why I can't and what would I have to do to be able to

To: zonkie who wrote (15568)	1/9/1999 12:13:00 PM
From: Jeffrey S. Mitchell	Respond to of 26163

Zonkie, you have hit upon a tragic situation. A year and a half ago no one except Sylver and a few close friends and family ever even suspected that AZNT was just a pipedream. I'm sure they believed AZNT had an exclusive Brazilian export agreement, that AZNT owned lots of land in the rain forest, that Touch of Nature was actually not just repackaged Stevia, etc. It was on this basis that companies like WellRich were able to solicit people to call AZNT directly and buy millions of dollars worth of AZNT restricted stock. Sadly, many of these WellRich clients are elderly people who in more than a few cases have invested their life savings. When they file to get their shares registered they are told one excuse after another. Then AZNT sends out letters telling these people they must send in their certs to get new ones or else their stock will be worthless. So many of these people send in their certs, pay a fee, and, you guessed it, even though more than double the promised conversion time has passed, people still are without their new certs. Meanwhile, you have a business in WellRich that, like all businesses, depends on its client base to survive. They got many of their clients in AZNT at $1 and the stock has traded as high as $1.50. If I made my client a 50% profit over the course of a year or more I'd certainly at least want to "remind" them how well I'd done for them. And if my livelihood was adversely affected because my clients were prevented from selling stock -- stock they wanted to sell on their own free will -- and thus were unable to invest in another of my suggested issues, I'd be pretty pissed off as well. Right now it is fair to say, IMO, that AZNT is stealing the life savings of elderly widows. - Jeff