JTS- "A Nordic Drive in Every PC and laptop" Message Board

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

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To: Ben Antanaitis who wrote (1867)	5/18/1998 3:53:00 PM
From: Johnnyboy_zztop	of 1985

I called JTS last week and got the usual run-around everyone else got who has been posting on Yahoo. All I know is that Tramiel owns a lot of those Atari bonds and the Atari assets were "sold" to Hasbro 6 months ago. Anything not nailed down has been liquidated and there are only deadbeats left in the office. Draw your own conclusion. There wasn't even a bid on the bonds 3 out of 5 days last week. One last thought. Since JTS defaulted on their bonds, Question: Why didn't the big bondholders (there are $40 million in 5 1/4% conv. '02 outstanding) force them into bankruptcy? Answer: Because it cost money to hire bankruptcy lawyers and JTS isn't worth it since there is nothing worth liquidating. IMHO Norm Rost

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