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Gold/Mining/Energy : GEAC.....Canadian best kept secret

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To: PlayTheKing who wrote (971)1/22/2000 8:33:00 PM
From: micromike  Read Replies (1) of 1571
 
Very interesting observations.

Now my turn. Since the Quarter isn't released yet and isn't even over yet I just do my own speculation on what's happening. The present share price is telling me that Rev is going to be bad or JBA is sucking sea water big time. The insiders have spoken. What do they say on those polls -- correct 19 times out of 20.

1. Y2K is over so they have no excuses for the short fall in Rev. This quarter is when they sign all their maintenance contracts. The maintenance contracts is what helped them through the Y2K problems so if the Rev. is going down then they must have lost some contracts.

2. They were suppose to save around 60 or 90 Million from JBA when they combined with Geac. So for them to say JBA is still losing big money then there is something funny going on.

3. The share price hasn't found any support so it looks like down we go again next week unless the company pulls a rabbit out of its hat and gives us some positive info on the quarter which I doubt they will.

4. I guess I shouldn't be complaining so much considering Bergeron has about 200k shares at around 28 bucks so he's down about 1 mil. I'm guessing that we could hit 20 bucks so he will be down 1.6 mil. I wonder what Sadler is doing these days. If he's bored than maybe he should come back. I think he still has a pile of shares and probably isn't to happy with the present price.

JMHO
Mike

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