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Microcap & Penny Stocks : Java Group-JVGI

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To: nimbus who wrote (424)3/21/1998 10:59:00 AM
From: TwoBear   of 509
 
If I'm not mistaken, the last word I had from George Bentley was that the coffee business is dead and that there were lawsuits against the company from creditors in Germany. He said that "Alaskan Glacier" or similar name from northwest US was interested in purchasing JVGI's board listing and then changing the symbol to whatever they want instead of going through the process with the SEC. That has been months ago and I have not heard anything since. Frankly, I believe that any investment we have in this company is dead. I can't believe it still trades. When was the last time we had a SEC filing? Don't get me wrong, I'm 2000 long, way long. I bought in to this because I was hot on the coffee concept two years ago and thought that Starbucks had peaked and that there was not too much up potential. Amateur mistake. Hindsight being 20/20, my due diligence was severely lacking and I basically bought on concept instead of cognitive thought. Anyway, I've learned a valuable lesson, albeit I paid a high price for it. I will never buy a penny stock again.

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