JNNE - Jones Naughton Profits Via Mass Market Retailers Message Board

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Microcap & Penny Stocks : JNNE - Jones Naughton Profits Via Mass Market Retailers

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To: Tom Dickson who wrote (329)	6/8/1998 9:19:00 PM
From: Mel Fox	Read Replies (2) of 4624

TOM: I "plagerized this from the Pennystock Page, it is part of Mike T. comments there: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~' * "I spoke with Patrick Rost (PR) from JNNE today. He updated me with their current plans and I will pass them on to you. ú On or about 6-20-98 JNNE will be mailing 150,000 corporate profiles nationwide to "specific qualified investors" * ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~' There is much more to his post and well worth reading ... I just felt uncomfortable posting the whole thing. He also said the funding for the recent acquisition is in place, so I'm curious ... do you know anything about why the mailings to "specific qualified investors"? What kind of "investment" is expected of the investors? (Private placement, warrants, bonds, ???) How might JNNE use the money? Any potential dilution to current shareholder value? With the Costco "cash cow?", it is a little surprising that JNNE would be looking for additional cash .... unless they have a real need or there is another "good deal" acquisition on the horizon, or ....??? Just curious if you know anything, or if anyone else does???? Mel

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