Your helpful information is appreciated. That JBA is a disappointment I cannot conceal. The B-X fraud rightfully spooked the market and is largely responsible, no doubt. But the management of JBA's financial resources prior to the fraud is not without blame, for just how much, I cannot say.
Basically the properties and JBA's brainpower remain intact and are all the more interesting particularly because they are so far away from the absurdities of Indonesia. Moreover American helicopters have seat belts!
As a shareholder who has been given the advantage of hindsight, perhaps I should not be too critical of management. Still I keep thinking that a good old fashioned dose of Lincolnesque prudence might have taken this company down an entirely better road.
As it stands, the proverbial fences are down and the cattle gone, so the long task of rebuilding from scratch begins. Along with it, the wait for the $3 investor just to break even will be tidious. Some of us can wait, others not, but it is a sure thing that none of us are happy, except, possibly new the fifty-centers. Let us all hope that at least they will make some money! What if they don't?
Thanks again for your timely post. |
