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

To: easyed who wrote (21260)	3/12/1999 12:49:00 PM
From: DSPetry	Read Replies (2) \| Respond to of 26163

Easy, I'm sure you'll get Janices (Anti-Aznt) version of answering your question... For AZNT version, I suggest reading through their 10Q sec.yahoo.com Referencing your Direct questions about the arbitration, and the 224k shares...The court hearing on 224k was yesterday, and the Wellrich thing is a whole long complicated mess... Suggest you call AZNT & talk to Mike (Even though Janice will tell you he is lying).... Message from the President: amazon-treasures.com I would like to take this opportunity to thank our loyal stockholders during the past several months for believing in Amazon Natural Treasures, Inc. in the fact that the Company would indeed succeed and be triumphant over those unsrupulous stock brokers who continue to short our stock. As you can see from the first three strategic measures the price of the stock is on its way back to where it was before this illegal shorting occurred. The fourth strategic measure will be announced which will further solidify our position eliminating these shorters from trading in our stock. Please be patient. You will be notified as to when to send your physical certificates to the Transfer Agent. If you have not done so already, please order physical delivery of your free trading certificates from your stockbrokers immediately. Do not take NO for an answer! On Monday, July 20, 1998, we will enter into a new phase, THE PROFITABILITY PHASE. Amazon Natural Treasures, Inc. will commence distributing all products into the marketplace starting with our fabulous 100% pure and natural sweetner, TOUCH OF NATURE. If you have any questions, please contact our Investor Relations Department at 702-795-4333 Once again, I thank you all for your continued support. -Michael Sylver Hope this helps, Dave

To: easyed who wrote (21260)	3/12/1999 1:53:00 PM
From: Janice Shell	Respond to of 26163

Okay. As you're aware--from the header of this thread, if from no other source--AZNT hired WellRich and Co. of San Diego to provide referrals of potential buyers of AZNT stock. WellRich is not and was not a broker/dealer; their assignment was only to locate customers and then help them buy restricted stock directly from the company at a price considerably below market value. WellRich itself sold no stock to anyone; it was to receive finders' fees on sales eventually made by AZNT. The two parties subscribed to a contract outlining the obligations of each to the other. We don't have a copy of the original, but the terms of this agreement, signed on 26 February 1997, are contained in WellRich's Petition to Compel Arbitration: magneticdiary.com WellRich "agreed to find and introduce to Amazon persons or entities who might be interested in purchasing stock of Amazon from Amazon. Under this contract, if any such persons or entities did, in fact, purchase Amazon stock, WellRich earned a 35% commission on the total amount of the stock so purchased". It appears that all went smoothly for a time: WellRich located clients, AZNT sold stock and paid the agreed-upon finders' fee to WellRich. magneticdiary.com "...Wellrich was successful in finding and introducing prospective buyers for Amazon's stock that resulted in sales of 1,731,842 shares of Amazon stock raising total capital in the amount of $1,647,814." WellRich was paid all that was owed it except for $55,300.00. Past a certain point, however, Mike Sylver stopped writing checks. He flatly refused to pay the last fees, and refused as well to give Aslo Taylor, President of WellRich, stock he'd been promised in return for consulting services. WellRich protested, and finally took the matter to arbitration: the following arbitration clause was included in the contract stipulated on 26 February 1997: 4.2. Arbitration The parties hereby submit all controversies, claims, and matters of difference arising out of this Agreement to arbitration in Las Vegas, Nevada according to the rules and practices of the American Arbitration Association from time to time in force. The submission and agreement to arbitration shall be specifically enforceable. The Agreement shall be governed by the laws of the State of California. WellRich's initial request for arbitration was made on or about 12 February 1998. The matter went ahead under the auspices of the American Arbitration Association, which appointed Wayne E. Peterson arbitrator, and scheduled an intial meeting for 4-5 August. On 16 July, Amazon indicated that it would not participate in the arbitration proceedings. magneticdiary.com As this letter indicates, a hearing was scheduled for 4 August. It was postponed until 13 August. The issues in question were not resolved at that time, owing to Amazon's disinclination to cooperate, and a further hearing was scheduled for 3 September. For the details, see: magneticdiary.com The 3 September hearing went badly as well. Mike Sylver turned up late, argued that the hearing "had been" postponed, and demanded that it be stopped. The arbitrator called his administrator, who reviewed the situation, arrived at the conclusion that there had been no effective postponement, and ordered that the hearing continue. magneticdiary.com "When confronted with this position, Mr. Sylver became extremely belligerent, and called everyone in the room, including the Arbitrator, a liar, threatened to call the State Bar to report a complaint against the Arbitrator, and used such rude and inappropriate language that the use of police security had to be discussed. When faced with the prospect of police security, Mr. Sylver stormed out of the room with the parting comments, "I'll see you in a real court!!". ---------------------- This is getting long. Will continue in a subsequent post.