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Technology Stocks : JMAR Technologies(JMAR)

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To: SPEEDRACER who wrote (4038)	11/16/1997 8:45:00 PM
From: Arthur Radley	Read Replies (2) of 9695

>>>certainly some bank somewhere would be willing to loan JMAR 10 million to produce a successful product>>> Speedy, I would venture to guess that banks would be lining up to loan JMAR 10 million dollars. Speedy, I don't want to be insensitive to your feelings, but why in the HELL would you want JMAR to take out a bank loan and pay interest(thereby lowering earnings in the interim) when an instititutional investor is willing to give JMAR 10Million for the mere hope that JMAR's stock will appreciate in value for all shareholders in the future.Granted, I would like to see the terms of the placement to see if there are any caveats for further dilution of shares, but if it is a straight placement, I have no problems with the arrangement. I will grant you one concession as to one issue that I have with JMAR and that is the selective releasing of corporation news that should be handled with a general news release so that all shareholders will have the benfit of material things affecting the company. In specific, I'm talking about the cancellation of the Phoenix Laser purchase. I find it unconscionable that this wasn't handled with a general news release as it materially effects the companies business and shareholders interest. Another issue concerning news releases, is the fact that I faxed a request to JMAR requesting when quarter results would be released. A company official called back and told me that the quarter results would be released between November 10-13. Getting this type of infomation to shareholders should be a very simple endeavor but when I find out the news was released only two days later and certainly not between Nov. 10-13, I was ......off. Fool me once is okay, but don't do it twice and expect me to give an credibility to your company officials.

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