JAB International (JABI) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : JAB International (JABI)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: kentoo who wrote (3757)	6/2/1998 10:09:00 AM
From: Brian Pastor	Read Replies (1) of 4571

A reverse split is ludicrous. The only reason for the one we just had was to maintain NASDQ regular board listing. No other reason. The company is in no danger of losing this listing while closing above a buck. Even if it broke below a buck, it would have at least 4 successive months to correct the issue before considering another reverse split. In this time period it has new liners coming on line, increased milling capacity, real production of what will hopefullt be in excess of a 1000 - 1500 ounces per month. With only 5.5 mill shares out there, it is highly unlikely the company will be unable to go below a buck for any sustained period of time and therefore unlikely to lose its listing.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next