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Microcap & Penny Stocks : JNNE - Jones Naughton Profits Via Mass Market Retailers
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To: Tom Dickson who wrote (863)9/3/1998 7:56:00 AM
From: Double Dipper  Read Replies (1) of 4624
 
Tom,

Thanks for posting those PR's. They do show that AMERINET was enthusiastic about their deal for RETN. Out of all three PR's I found the first one to be MOST encouraging. It states that the deal will be completed after DUE DILIGENCE is completed. Having stated that - they went through with the deal months later. This I believe is important because now they must show blatant or intentional misrepresentation by JNNE regarding RETN or that JNNE was neglegant in disclosing material facts before the deal.

JMO, I'm no lawyer and without more information of what is contained in the counter lawsuit we are still left speculating. Since ANFS has a bigger wallet they can afford to drag this case on for a lot longer than JNNE. JNNE'S Lawyer is only getting peanuts and won't want to deal with a long drawn out case, at least not for the fees we were told about. Its to his best interest to settle this quick but not necessarily to ANFS's best interests. Indeed, I would think it would benefit them to have this drag on so they could delay having to come up with any judgement or settlement money to pay JNNE should this be decided against them.

AGAIN, JMO.

Kevin
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