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

To: s martin who wrote (18311)	2/5/1999 12:33:00 PM
From: tonto	Read Replies (1) \| Respond to of 26163

I do not believe the story regarding intellectual property that the spugsmeister was promoting. As I recall, figures went as high as $16,000,000. lol From the filing, the deal with Lorrichio and Abracel was original booked for $5000. It has been restated by the new unidentified auditors for $7,400,000. This number was arrived by multiplying the price shares were trading for at that time x's 5,000,000 + or -... It was a stock market valuation issue, not an intellectual property issue. This transaction of course further diluted the individual shareholders % of ownership significantly. The troubling point besides the dilution is that the company then wrote off the assets immediately. I would suggest those interested to consider,...subsequent events rules regarding asset impairment. How did that asset which caused 5,000,000+ shares to be issued so quickly become impaired? I wonder how withholding was handled? The cost of "intellectual property" comes high. <g> Did we ever hear what value the SEC allowed for Lorrichio as an "intellectual property" ?