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

To: tonto who wrote (18267)	2/5/1999 6:51:00 AM
From: tonto	Read Replies (3) \| Respond to of 26163

Let's look at arms length transactions(?) with some insiders... AZNT's CEO Mike Sylver arranges with his Dad to borrow $6,000 from him. The loan is now paid in full, but instead of repayment in cash, father and son agree upon payment in "restricted" stock in lieu of cash. CEO of course must place the interests of the public shareholders first, that is his fiduciary responsibility. Does anyone believe that the agreement reached between AZNT (son) and Gary Sylver, (dad) is reasonable? Dad received 600,000 shares for his $6000 loan. Now that's a good deal. $6000/ 600,000 shares $0.01 cents per share is what it cost dad for his restricted shares... (don't forget what the shares were trading for at the time, and what investors were paying for their restricted shares...) Question for the thread. For example purposes, let's assume AZNT is trading at $1.50. The company is selling restricted stock for say 75 cents per share. AZNT borrows $10,000 from me and in lieu of repayment offers me stock. Would the same restricted shares being sold to investors at 75 cents per share be a fair price for me to receive? Dean's post regarding Titan's shares may take on a whole new meaning...