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Amigula, Inc. -- the World's First Publicly Traded Marijuana Company -- Addresses the Short Interest in Their Stock and the Harm to Shareholders
NEW YORK, March 25, 2004 -- Amigula Incorporated -- the World's First Publicly traded Marijuana Company -- today announced that the company will address the short interest in their stock. Based upon review of stock transfer records and the activity in the market, the company believes naked short sellers are involved in the stock. Amigula today announces contemplating a forward split of the stock to combat the short sellers that are adversely affecting the market. This would force delivery of all certificates. The company's shares are not DTC eligible. The short sellers were expected to cease their activities in February 2004, instead it was delayed until April 1, 2004.
Warren Eugene, President, states, "These people are nasty and an unnecessary evil in the marketplace. It is about time they are removed from the process."