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

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To: FARcom who wrote (1382)11/10/1998 12:35:00 PM
From: Lance  Read Replies (1) of 4624
 
Here is my spin on this for what it is worth!!!

First off... JNNE is undervalued. At the current share price a week ago it was only showing a 2 million market CAP.

Secondly...When this company is finished with the lawsuit and ends up with some money (my opinion) you are going to see the small cap money people coming into this big time (my opinion).

Let's say that in this 60 million dollar suit that JNNE settles for 10% cash. That is $6 million! With 40 million shares out that gives you .15 per share. Take that times the multiple of 3 and you get a
.45 per share value based on the SETTLEMENT OF THE SUIT ONLY!!!!

Look at ther potential of this! This .45 per share does not include the core business of JNNE...affiliated marketing, the Costco connection...etc,etc.

Also...I am glad that they are running the company instead of coming out with non eventful releases that could be construed by the board as hype. The company in my opinion will speak for itself by what resolves with the lawsuit (big time credibility) and by the future
prospects of earnings with their businesses. Remember the potential of the Costco deal that we came up with earlier this year. That is just one part of the picture...and now this lawsuit could add an instant injection of share value if/when it settles. The volume speaks for itself.

I'm holding...I love what i see for the future. And I have been in this for a loooong time at much higher prices than most of you.

For what it was worth....

Lance Sims
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