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

To: Level Head who wrote (17854)	2/3/1999 12:26:00 AM
From: Level Head	Read Replies (2) \| Respond to of 26163

Some other items of interest: Michael Sylver was described as reasonable-sounding, defensive, uncooperative at times, but generally presents himself rather well. He's average-looking, dark hair, appears to be perhaps late 40's. Judge George made note of the fact that some leeway was to be granted regarding recollections and understandings of third party information -- this struck my watcher as unusual, since witnesses were still being put under oath. Landish was there, representing Amazon. Another attorney was also there on that team, with the appearance of a very orthodox Jewish person, but Watcher did not get a name. I suggested Qualey (another attorney associated with Amazon, and part of its management I understand); Watcher said no, although Mr. Qualey was mentioned several times. Qualey seems to be involved without being a material witness to the proceedings being discussed. Landish, as said earlier, requested a recess at about 1:30, court reconvened about 3:00. Watcher described the process as "like a soap opera with a bad plot and unbelievable characters" - not meaning evil, per say, just not particularly plausible, and referring to the whole group. At one point later in the proceedings, the judge commented to Michael Sylver along these lines: "Your company has a number of problems of its own making that seem to stem from exercising poor judgement and continuing to do business with 'shady characters' when you should have known better." As with all of this, the wording is not presented as exact, but captures the flavor. Sylver admitted signing a letter of opinion on stock (I presume regarding the 4 million shares, but at least four different certificate numbers were mentioned during the day). He said "The letter wasn't real because the stock had not been paid for". The "40 day restriction" was referred to as intending to be 40 days after it was paid for, and an any event was not expected to appear in the US market as it was being sold overseas. In a similar vein, the certificates (again, I don't know which ones, but context suggests the 4M) had restrictions that were supposedly not included on color copies because of the color of ink used on the restriction, and the nature of the copier. The restrictions were said by Mr. Sylver to be restricted until four conditions were met, including being paid for. "The Nevada State Court had previously ordered the retrieval of the Zapara stock" -- probably not news to you folks. Who is Zapara? A firm that sounded like "Bonnie and Shoes" was paid to issue an opinion letter on certificates -- I don't know by whom. Soneone, probably Sylver, indicated that Gary Simeno<sp?> will be sued. A James Noriam of Creative Capital was alleged to have been involved in a previous scheme, and is now supposed to be in Arabia. According to Mr. Sylver: George Doumanis was to hold shares (the 4m?) until payment was received, but when Amazon called, alarmed that they were trading, he looked in the safe to find that the certificates had been sent to Mann et al. Kricfalusi (apparently pronounced "chris falusi", Watcher though it was a first and last name early on) was discussed at length, as introducing Sylver to Mann, Tiefer, and others. Relationship to Mann connected to GeoTrack<sp?> from a decade ago. Certificates mentioned: 2119 ? 2128 ? 2082 500k shares? (maybe the 480,000?) Shorelines Securities 2142 4m shares -- JB Oxford MS: Kricfalusi's shares were voting only, and only as long as he was an employee; but these shares had a restriction against trading until a specific date (which has now expired). Question: Why would shares that could _never_ be traded bear a standard restriction against trading for a period of time? Kricfalusi was to run (or did run) investor relations for Amazon, and helped arrange the purchase of the Utah shell corporation used by Amazon to go public. Mr. Sylver was referred a number of times to specific calls (such as ones placed at 4am to Chicago and others) -- except for those specifically identified as coming from his office, indicated that Amazon's sales force makes a lot of outbound calls, and that these generally were not him. Amazon's phone bills (apparently being used in the cross examination) were supposed to be on the order of $18,000 per month. That's all I can tell you at this point. Sorry for the long post. Your faithful reporter, Level Head