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Microcap & Penny Stocks : JTS- "A Nordic Drive in Every PC and laptop"

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To: Scott Crumley who wrote (1180)8/20/1997 2:18:00 AM
From: Matthew Ghilarducci   of 1985
 
<<take anything you read on the Web with a grain of salt>>

I don't take it with a grain of salt, I take it with a salt shaker.
However, I do tend to trust someone who says "I just got off the phone with JTS a few minutes ago, and they say earnings are out sometime next week...they couldn't provide any specific information."

I have a VERY minimal amount of "fun money" invested in JTS, and it's not worth either a buck, or my time to call IR.

It is intolerable for a company not to set a specific date for an earnings announcement and then announce on that date. In my experience every time a company delays an earnings report it ALWAYS foreshadows bad news (ie ESOL). I have NEVER heard a company say "well, we don't know exactly when earnings will be released, but we will release them sometime soon."

Besides, judging by management's past management, this does not come as a suprise. I will however be suprised if the earnings are acceptable.

MG
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