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Microcap & Penny Stocks : JNNE - Jones Naughton Profits Via Mass Market Retailers
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To: BarbaraT who wrote (937)9/8/1998 12:12:00 PM
From: Double Dipper  Read Replies (2) of 4624
 
Barbara,

Welcome! Now that you are a JNNE shareholder, could you expand on how you know of Patrick Rost? From other stocks or from doing research?

Brad brings up a good question about COSTCO. I doubt they have any particular knowledge of the AMERINET/JNNE - RETN problem. It was suggested in another post that the proceeds from Costco/Amerinet deal that come to JNNE might be in jeopardy because of the lawsuit. I find that a bit difficult to believe. That deal is with Royal West and Amerinet and its my understanding that JNNE gets it share from Royal West and not Amerinet directly. Therefore, Amerinet would have to withhold payment from Royal West before JNNE would be affected.

By Amerinets own PR's they are doing terrific with their COSTCO connection. The bigger question is, how much of it is under the portion that Royal West is a participating in? I don't think anyone knows the answer to that question and won't until the next quarter premium/royalty check is received. I am not even sure when they are supposed to receive it but if its a quarterly payment my guess would be in october. If anyone knows the answers to these questions from talking with the company please advise.



Kevin
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