Steve, I was a warrant holder back in 1994, and got out in 1996. I have not gotten back in, because it is too difficult to time any stocks movement with precision, and especially with so little time left on. As a long term JMAR common stock holder, I do not have the worries of day to day trading. But it is frustrating watching the fluctuations. But that is the nature of high tech stocks.
Since 1994, I have seen tremendous improvements in the balance sheet, earnings, sales, etc. Also since 1994 JMAR has added the LIGHT KNIFE, MICROMACHINING, MIRAGE, and numerous other products. XRL is that much closer to fruition, new technologies produced for new products. This improvement was not from luck, but from managerial decisions. I am not as pessimistic on management as a lot are presenting this. How can I be. Look at JMAR since 1994.
1998 should be the breakout year that we are all waiting for. When is the breakout quarter? That is a question that we should have answered. Without the CATS drain, the .02 quarters should be a thing of the past. I can't guarantee (who can?) that the really big news will be here before the February expiration of warrants. That is why I have always recommended stock rather than warrants. Long-term we should all win.
--Bilberry |
