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

To: tonto who wrote (18287)	2/5/1999 7:51:00 AM
From: tonto	Respond to of 26163

On March 29, 1996, Rocque Pucci (ANTCIE) purchased 54,000 restricted shares for $27,000, or 50 cents each, (yes it is % wise an exorbitant amount more than what the CEO's dad paid) BUT at the sametime the company issued to Rocque Pucci, 1, 260,360 shares as full payment of a debt owed by AZNT. The amount was $6302.00 bigcharts.com So, at the time that the company was cleaning up their debt by recognizing the valuation on this 1,260,360 share transaction at 0.005 per share, Rocque was purchasing 54,000 shares at 0.50 cents per share...I wonder why someone would purchase at the sametime more shares at 50 cents when he received so many at 0.005? Is this an arms length transaction? Was this really in the best interest of shareholders?

To: tonto who wrote (18287)	2/5/1999 8:07:00 AM
From: tonto	Read Replies (3) \| Respond to of 26163

The CEO's dad it appears is doing quite well with his AZNT investments. Good for him... As a consultant, (dad provides or provided advice regarding international transactions) dad also received options. It appears AZNT is very generous and a good company to consult for... Dad had an option for 400,000 shares which he exercized at a pretty darn good price of 0.0001 per share. That was very wise. His $40 investment is now worth about $500,000 at current market price. Is this an arms length transaction in the best interest of shareholders?

To: tonto who wrote (18287)	2/5/1999 9:20:00 AM
From: John Sladek	Read Replies (2) \| Respond to of 26163

tonto, AZNT's CEO Mike Sylver arranges with his Dad to borrow $6,000 from him. ... 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. ... $6000/ 600,000 shares $0.01 cents per share is what it cost dad for his restricted shares. Why would it have to appear reasonable to us? Arms-length / non-arms-length, who cares? Apparently in Nevada it is up to the directors alone to determine what is reasonable in these situations: Nevada corporations may issue stock for capital, services, personal property or real estate, including leases and options. The directors may determine the value of any of these transactions, and their decision is final. state.nv.us Not being familiar with Nevada corporate law, my guess would be that only a court of law would be able to overturn a final decision by the directors. Regards, John Sladek