JNNE - Jones Naughton Profits Via Mass Market Retailers Message Board

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

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To: dexx who wrote (1)	3/11/1999 2:51:00 PM
From: formerposter	Read Replies (2) of 4624

it will take time to grow this new business venture I checked on JNNE press releases from 1992 thru this week via the Lexis-Nexis service. Good news is that there is no bad news like scams, etc. Joe Naughton appears to be an entrepreneur and has had several business ventures, all centered around visual info (TV, cable, video, etc.). This is his business and he knows it well, apparently well enough to take risks. Here's a quick synopsis, draw your own conclusions. JNNE has always been a small capitalization stock. Spike Lee, Jr. has stayed his business partner thru all these dealings. The stock (according to the realtimequote.com charts) never stayed above $3 for very long, usually trading under a dollar. Take for example the Real Estate Television Network (RETN). He announced its acquisition on 9/6/93 when the stock was around 0.25. Quick rise to above $3.00 then long descent to below $1.00 by the time he even announces a nationwide launch of RETN on 7/22/94. Never gets back to $3 by the time it is sold to ANFS on 8/8/96. This guy is looking for a home run. Let's wish him well and hope to be in the bleachers if he hits one outta the park. Meanwhile, all the cheering and booing from the peanut gallery ain't gonna move this one.

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