JNNE - Jones Naughton Message Board

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Microcap & Penny Stocks : JNNE - Jones Naughton

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To: david sandel who wrote (588)	8/13/1998 10:51:00 AM
From: Brad	Read Replies (1) of 607

David, Not only has JNNE stated that a RS in NOT in the plans, I can see no logical reason for them to even want to do something like that. If, for any reason, they wanted to issue shares for a new acquisition or something like that, they have plenty of shares available to do that. As I see it, there are only three reasons any company does a reverse split... 1) When they have run out of available shares authorized to be issued. 2) When they have to bring the share price up to meet a minimum requirement, such as retaining or meeting a listing requirement. 3) Stupidity, because the price will drop thereafter for any other reason. JNNE says they have NO plans for any reverse and I believe them. It just makes no sense here.

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