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Gold/Mining/Energy : JABA INC.(c.jba)
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To: T.Bill who wrote (844)10/6/1999 12:40:00 PM
From: Paunch  Read Replies (1) of 1044
 
T Bill,
The only advantage i see in a reverse split would for the management, they can then sell PP's of another 20 million for money to operate with and the outstanding shares will then be back to 22 million shares only we the share holders will have only 10 % of what we used to have and when the price drops back to .075 we will have nothing.
With the announcement today the price of JBA has dropped to about .02 cents per share and when the split is completed our shares will be worth only .002 cents per share.
It looks like we are going to have another tax write off.
Please Jba no more announcements!
Paunch
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