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Gold/Mining/Energy : JABA INC.(c.jba)
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To: veritas who wrote (549)8/9/1998 10:05:00 AM
From: Chuca Marsh  Read Replies (1) of 1044
 
I insiders own like 30 % of the float, so even if they had to sell down to a dime US dimes, they could raise any needed emergency fund of 100K and survive at any given time, if they did that, us shareholders wouldn't begrudge them any future strike warrants if they helped the company now if there was say a need for some extra piping at the copper project. But, same holds true to PP ( Private Placements Parties) ( Not that I am one or even know if one is planned) - PP are all set up as a vehicle to raise immediate cash IF NEED BE...so (I am comfortable that there is no emergency situation to worry about for now...)if the insiders have the ability and resouces to raise one way or another and plan ahead, we could see that the Market of TODAY; will change in the future. There is that level of comfort to the though of the bear market, the funding options that take time to arrange with the bankers ( the real first choice!) and or Financial Institutions might jump on board for a seat on BOD or whatever incentative offered. They gots the claims, they invested in their own float of the company shares, and they are doing things right, I keep telling myself that it is just the circumstance of the Bear Market in METALS. Bull-they are and so Bull I am- NO BULL!!! !
Chuca
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