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


To: Janice Shell who wrote (22265)4/10/1999 12:18:00 PM
From: tonto  Read Replies (1) | Respond to of 26163
 
Quiel's testimony reminds me very much of the conclusion by the NASD when they had their run in... Why is it in pennies that we only get a chance to see such "unique" transactions?

Q. Of your 600,000 shares about how many have you received by
3 reason of your consulting for the company?

4 A. Probably a couple hundred that you --
5 Q. When's the last time you received any for consulting?
6 A. I think the figure I gave you before was like 140,000

7 shares and -- around October, some date like that. Maybe
8 September.
9 Q. Those 140,000 shares from Titan were for your consulting
10 work?

11 A. I was -- it was made available for me to purchase.
12 Q. You purchased it through Titan?
13 A. Right.
14 Q. So the ten cents per share was a discounted price?
15 A. Exactly.
16 Q. The discount between what it was selling for and ten cents
17 was the value of your services?
18 A. Correct.
19 Q. That's what you claimed on your income tax?
20 A. I haven't filed them yet.
21 Q. Did you receive a 10997
22 A. Not yet.
23 Q. What agreement was made between Amazon and Titan by which

24 Titan could offer you 140,000 shares at ten cents a share when
25 the market was greater than ten cents a share?

ASSOCIATED REPORTERS OF NEVADA (702) 382-8778

QUILL - CROSS 170

1 A. I don't know.
2 Q. Did you ever ask?
3 A. No.
4 MR. JUDD: I have nothing further at this time.
5 THE COURT: Any further examination?
6 MR. SEMENZA: Yes, your Honor.



To: Janice Shell who wrote (22265)4/10/1999 1:45:00 PM
From: wonk  Read Replies (1) | Respond to of 26163
 
...How long can they drag it out?

Perhaps just a pebble in the ocean, but, as a reminder, they never have filed an 8K notifying the Commission of the latest transfer agent change, i.e., themselves.